Military Radars Market Growth Forecast to 2020: Expected CAGR 3.42% Driven by Increased Spending on Defense Sector

Global Military Radars Market to reach projected value of USD 13.04 billion by 2020.Ground-based radars and X & KU band radars are expected to grow fastest in the military radars market. North America region holds a dominant market share in the global military radars market.

The global military radars market was valued at USD 11.02 billion in 2015 and is projected to reach USD 13.04 billion by 2020, at a CAGR of 3.42% from 2015 to 2020. Increased concerns towards airborne fire control, surveillance, ground mapping, early warning, air traffic control (ATC) SAM guidance, and so on are driving the demand for military radars across the globe. With increased demand for defense surveillance over porous and attack prone borders, increased spending on defense sector by the developing countries, and increased terrorism and ongoing inter country conflicts, the market for military radars is expanding subsequently.

Complete report on global military radars market spread across 162 pages, profiling 10 companies and supported with 81 tables and 79 figures is now available at .

Ground-based radars are used to get real-time information in warfare situations. Detection of the object, tracking, and reporting functions are performed by military radars. To locate unexploded ordinance and tunnels, ground-based system is very effective. Border security forces and military forces find ground-based radar very useful for ground penetration. Depth of tunnel, diameter, and path can be easily traced using the ground-based radar systems. In disasters such as earthquake and floods, locating operation can be done with the help of this system.

X-band and Ku band radars are widely used for airborne military radar platform and ground-based platform. They also used in synthetic aperture radars. These systems are relatively popular in military application. Small antenna is used in both the radar band systems. Ku-band radars are used in missile guidance system application. Small antenna size makes them very handy in low weight applications. Space-borne platforms such as synthetic aperture radars (SAR) use these radar bands. Fighter aircrafts need fine target detection capability, for which X-band radars are used.

The military radars market, by region, is led by the North America, which includes the U.S. and Canada. The North America region holds a significant share of the global military radars market in 2015. High defense expenditure of the U.S. is the major driver behind the high market share of this region.

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts to obtain & verify critical qualitative and quantitative information as well as assess future market prospects. In Tier 1 (35%), Tier 2 (45%) and Tier 3 (20%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (35%), Director Level (25%) and others (40%) from various key organizations operating in the global military radars market. The primary interviews were conducted worldwide covering regions such as North America (45%), Europe (20%), APAC (30%) and Row (5%).

In this report, the military radars market is segmented into X & Ku band, L & S band, and other frequency band. Radars are classified based on frequency band which is used for the transmission of signal. X-band and Ku band radars are widely used for airborne military radar platform and ground-based platform. They also used in synthetic aperture radars. Other band radar systems include C-band, K-band, Ka-band, millimeter wave, and ultrahigh frequency radar bands.

The report also profiles major players in the counterfeit money detection market. Some of the major players in this market are 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. A discount can be asked before order a copy of Military Radar Market by Platform (Ground Based, Naval, Airborne, Space Based), Band Type (X & Ku Band, L & S Band, Others), Application (Weapon Guidance System, Surveillance) & Geography – Global Forecast to 2020 research report at .

From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends and PEST analysis), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the military radars market; high-growth regions and countries and their respective regulatory policies; government initiatives; and market drivers, restraints, and opportunities.

On a related note, another research titled Military Laser Systems Market Forecast and Analysis to 2020 says, the military laser systems market is expected to grow from USD 3.03 billion in 2015 to USD 4.63 billion by 2020, at a CAGR of 8.86% from 2015 to 2020. The market for military laser systems is driven by factors, such as highly precise weapons and increasing use of high-speed lasers in communication networks. North America dominates the military laser systems market; this market in the Middle East is projected to grow at the highest CAGR from 2015 to 2020. Companies like Raytheon Company (U.S.), Coherent Inc. (U.S.), Newport Corporation (U.S.), Lockheed Martin Corporation (U.S.), and Thales SA (France), among others have been profiled in this 149 pages research report available at .

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