25 March 2021
Visiongain has published a new report on Air and Missile Defence Radar (AMDR) Market Report to 2031: Forecasts by Platform (Ground-based, Naval-based, and Airborne), by Range (Short range, Medium range and Long range), and by Application (Conventional and Ballistic missile defense). PLUS, Profiles of Leading Air and Missile Defense Radar (AMDR) Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Global Air and Missile Defense Radar (AMDR) market was valued at US$ xx billion in xx and is projected to reach at a market value of US$ xx billion by 2031.
COVID-19 Impact on Air and Missile Defense Radar (AMDR) Market
The COVID-19 pandemic has proven detrimental for business across the globe and no industry and remained untouched by its impacts. This pandemic has caused a serious disruption in the supply chain and has resulted in a huge supply-demand gap in the market for Air and Missile Defense Radar (AMDR)
Replacement of Legacy Systems by Militaries Globally Due to Technological Evolution in Warfare
To upgrade the armed forces is quite critical for any nation worldwide. In the wake of rising terrorism across all the parts of globe, strengthening defense forces has become one of the top priorities for governments bodies. This has given a push in the investments by several governments for the procurement and development of Air and Missile Defense Radar systems.
Territorial Conflicts and Geopolitical Instabilities in the Middle East and the Asia-Pacific Region
Air and Missile Defense Radar systems help in acting as an early-warning system to detect the approaching missiles from unprecedented locations, for ground control interceptions, and in surveillance activities. The global demand for air and missile defense radars is anticipated to grow specially in terrorism vulnerable regions such as Asia Pacific and the Middle East.
Growing Deployment of Ballistic Missiles, and Air and Missile Defense Systems
Increased fears for the prevention of territories from the airborne and stealth missiles, surveillance, ground mapping, early warning, and target racking and, among others, are expected to bolster the growth of global air and missile defense radar (AMDR) market over the forecast period.
Miniaturization and Automation of Defense and Surveillance Systems
The legacy weapons used to be massive and bulky, and were mostly mechanically operated. The modern weaponry comprises of advanced, portable and automated weapons which can be easily transported, are always combat ready and are well equipped with advanced technologies.
The Air and Missile Defense Radar market has witnessed several joint ventures between market players in order to achieve traction in the market. Some of the companies profiled in the report include Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, SAAB Group, Thales Group, Airbus Group, BAE Systems, General Dynamics, Israel Aerospace Industries Ltd., and Finmeccanica SPA.
In November 26 2019, Northrop Grumman, MBDA and Saab demonstrated the integration of disparate missile and radar systems into integrated Air and Missile Defense Battle Manager.
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Owing to availability of upgrade kits for conventional weapons, increase in investment in advanced missiles defence systems and interceptor missiles, and increase in demand for miniaturised precision guided weapons.
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