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Radar systems and technology market 4.05% CAGR by 2021 according to new research report

Industrial Market Research

Radar Systems and Technology Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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The analysts forecast global radar systems and technology market to grow at a CAGR of 4.05% during the period 2017-2021.

Complete report on the Radar Systems and Technology Market Research Report spread across 74 pages, profiling 9 companies and supported with 30 lists of exhibits is now available at .

The following companies as the key players in the global radar systems and technology market: BAE Systems, Lockheed Martin, Northrop Grumman, Raytheon, and Thales Group. Other Prominent Vendors in the market are: General Dynamics, Leonardo, Reutech Radar Systems, and Saab.

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The latest trend gaining momentum in the market is advent of advanced airborne radar. In the late 1990s, Raytheon developed the APS-149 littoral surveillance radar system (LSRS), an advanced version of the older APY-7 radar, for the P-3C aircraft.

It was extensively used to support naval combat operations, including tracking both land and maritime moving targets. However, the complex littoral environment and maintenance of a large record of tracks posed new challenges for defense authorities.

According to the report, one of the major drivers for this market is need for advanced battlefield surveillance radar. In the modern warfare scenario, there is a growing demand for battlefield surveillance radars (BFSRs) to detect vehicles, missiles, and other ground-based attack elements.

These radars also find extensive use for border and maritime surveillance and patrolling.

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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Further, the report states that one of the major factors hindering the growth of this market is high cost of space-based radars. Space-based radar imagery can be effectively used as a surveillance tool as it can penetrate darkness and weather conditions.

Such radars, such as SARs, are integrated into several Earth-observing satellites to attain information about Earth's terrain and topography. However, the technology used in these radars is complex and more expensive compared with the ground-based, airborne, and naval radars.

Radars form a vital component of the overall C4ISR architecture. They are used to detect distant objects and track targets through the transmission of radio waves in the direction of the target.

These waves get reflected and are analyzed by the receiver to determine the properties of the object. The information includes the range and position of the object.

In general, they assist in determining the target range, angles, size, speed, and features. They can be used to detect aircraft, ships, missiles, military land vehicles, or any such desired target.

Military radars are primarily used for security and surveillance applications (airborne, maritime, and land-based applications) to monitor a wide range of targets.

This report covers the present scenario and the growth prospects of the global radar systems and technology market for 2017-2021. To calculate the market size, the report considers the include/exclude new installations/shipments/sales/volume/value and retrofit/replacement/spares/aftermarket/services market.

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?           

What are the key market trends?

What is driving this market?                                    

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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