Radar systems in military is extremely useful for early warning detection of missiles, air traffic control, surveillance of air and ground, navigation at sea, and many others. It is also being used as terrorist scanner radar along with camera which uses ultrasonic frequency and several object detection that make use of image processing for achieving higher security at the national borders. Growing Procurement of air defense systems and radar due to rising regional instability and trans national disputes will drive the military radar Market. Similarly, the development of drones and UAV's will also lead to the growth of the military radar market in the forecast period.
The "Global Military RADAR Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the military RADAR market with detailed market segmentation by type, category, distribution channel, and geography. The report provides key statistics on the market status of the leading military RADAR market players and offers key trends and opportunities in the market.
- Based on Product Type, the global military RADAR market is segmented into Tracking & Fire Control Radar, Synthetic Aperture & Moving Target Indicator Radar, Surveillance & Airborne Early Warning Radar, Multi-Function Radar, Weapon Locating & C-Ram Radar, Ground Penetrating Radar, and Others.
- On the basis of Component, the market is segmented into Transmitter, Receiver, Antenna, Duplexer, Display, and Others
- Based on Platform, the market is bifurcated into Naval Radar, Airborne Radar, Land Radar, and Space-Based Radar.
- Based on End User, the market is segmented into Air Force, Navy, and Army.
- Increasing demand of ground surveillance radars for border monitoring.
- Requirement of new generation air and missile defense systems.
- Growing procurement of air defense systems and radar due to rising regional instability & trans-national disputes
- High expenses involved in the improvement of military radars countries.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The military RADAR market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the military RADAR market in these regions.
IMPACT OF COVID-19 ON MILITARY RADAR MARKET
The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation and other related industries. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption is expected to leave an impact on the defense industry through till mid-2021. With the rising concern of health of the general public, governments across nations are focused on investments on healthcare and related industries and there has been a shift of budget allocation from defense to healthcare. However, the pandemic has proved that careful coordination is required between all border agencies to ensure effective security measures. Moreover, demand for defense related products such as military RADAR systems will remain unaffected as the budgets for defense related projects had been allocated prior to the pandemic and the projects are extremely critical to national defense.
The report covers key developments in the military RADAR market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from military RADAR market are anticipated to lucrative growth opportunities in the future with the rising demand for military RADAR in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the military RADAR market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Northrop Grumman
- Bae Systems
- Saab AB
- Israel Aerospace Industries
- Thales Group
- Raytheon Technologies
- Leonardo S.p.A.
- L3Harris Corporation
- ASELSAN A.S.
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.