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The Global Military Radar Market 2012–2022
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The military radar market consists of four categories of radars: Ground based radars, Airborne radars, Naval radars and Space based radars. The value of the market is expected to increase at a CAGR of 2.57% during the forecast period.
The global economic slowdown has reduced the defense budgets of most leading spenders in the world, including the US, France, Germany and the UK. These countries have cut back on spending on various defense sectors such as space, aircraft and vehicles, but at the same time have diverted funds towards sectors where rapid technology development and deployment is possible such as radars, Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) and cyber-warfare. High growth markets such as the BRIC nations have been formulating continuous programs to procure the latest radar technology and establish total geographical surveillance over the review period and with continuous evolution and technological developments taking place in the military radar domain, this trend is expected to continue throughout the forecast period.
The demand for military radars is anticipated to be driven by internal as well external security threats, territorial disputes and modernization initiatives undertaken by armed forces across the world. Cumulatively, the global market for military radars is expected to value US$81.8 billion during the forecast period. The global military radar market is expected to be dominated by the US during the period, followed closely by Europe and Asia-Pacific. Despite the economic crisis in Europe, Europe's share of the global market is projected to increase during the forecast period due to the development of advanced missiles, and air and ground defense systems, for which radars are a key component, and for the modernization of naval war fighters such as destroyers and frigates.
The global defense industry is investing significantly in research and development (R&D) to increase the capabilities of modern military aircraft and naval vessels, which has led to the development of new and ground-breaking radar system technologies, which can enhance the detection capabilities, surveillance duration and resolution, incoming projectile defense capabilities, base and area protection capabilities and early warning system capabilities of the various types of military aircraft, naval vessels and ground-based forward forces.
In terms of categories, the airborne radar is expected to account for the highest proportion of spending in the global military radar market, followed by ground-based radar and naval radars. The demand for airborne radars is anticipated to be higher than other categories because of the increase in the number of aircraft modernization programs being developed by various countries around the globe.
The Global Military Radar Market 2012-2022 - http://www.globdef-studies.com/The-Global-Military-Radar-Market-20122022
About ICD Research
ICD Research is a full-service global market research agency and premium business information brand specializing in industry analysis in a wide set of B2B and B2C markets. ICD Research has access to over 400 in-house analysts and journalists and a global media presence in over 30 professional markets enabling us to conduct unique and insightful research via our trusted business communities. Through its unique B2B and B2C research panels and access to key industry bodies, ICD Research delivers insightful and actionable analysis. The ICD Research survey capabilities grant readers access to the opinions and strategies of key business decision makers, industry experts and competitors as well as examining their actions surrounding business priorities.
The global economic slowdown has reduced the defense budgets of most leading spenders in the world, including the US, France, Germany and the UK. These countries have cut back on spending on various defense sectors such as space, aircraft and vehicles, but at the same time have diverted funds towards sectors where rapid technology development and deployment is possible such as radars, Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) and cyber-warfare. High growth markets such as the BRIC nations have been formulating continuous programs to procure the latest radar technology and establish total geographical surveillance over the review period and with continuous evolution and technological developments taking place in the military radar domain, this trend is expected to continue throughout the forecast period.
The demand for military radars is anticipated to be driven by internal as well external security threats, territorial disputes and modernization initiatives undertaken by armed forces across the world. Cumulatively, the global market for military radars is expected to value US$81.8 billion during the forecast period. The global military radar market is expected to be dominated by the US during the period, followed closely by Europe and Asia-Pacific. Despite the economic crisis in Europe, Europe's share of the global market is projected to increase during the forecast period due to the development of advanced missiles, and air and ground defense systems, for which radars are a key component, and for the modernization of naval war fighters such as destroyers and frigates.
The global defense industry is investing significantly in research and development (R&D) to increase the capabilities of modern military aircraft and naval vessels, which has led to the development of new and ground-breaking radar system technologies, which can enhance the detection capabilities, surveillance duration and resolution, incoming projectile defense capabilities, base and area protection capabilities and early warning system capabilities of the various types of military aircraft, naval vessels and ground-based forward forces.
In terms of categories, the airborne radar is expected to account for the highest proportion of spending in the global military radar market, followed by ground-based radar and naval radars. The demand for airborne radars is anticipated to be higher than other categories because of the increase in the number of aircraft modernization programs being developed by various countries around the globe.
The Global Military Radar Market 2012-2022 - http://www.globdef-studies.com/The-Global-Military-Radar-Market-20122022
About ICD Research
ICD Research is a full-service global market research agency and premium business information brand specializing in industry analysis in a wide set of B2B and B2C markets. ICD Research has access to over 400 in-house analysts and journalists and a global media presence in over 30 professional markets enabling us to conduct unique and insightful research via our trusted business communities. Through its unique B2B and B2C research panels and access to key industry bodies, ICD Research delivers insightful and actionable analysis. The ICD Research survey capabilities grant readers access to the opinions and strategies of key business decision makers, industry experts and competitors as well as examining their actions surrounding business priorities.
Über GlobalDefence.net c/o Contados Medien und Verlags KG
For more than a decade GlobalDefence.net provides information from the field of foreign and security policy. It all started in the year 2001. After 911 the founder and current editor in chief Holger Paletschek started to create a German-speaking website with an overview about the armed forces of the world.
Today GlobalDefence.net stands for current news, background articles, geopolitical analyses, network of experts, industry leaders, political decision makers, as well as information about the armed forces of the world provided in German and English.
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