Military Security & Defence Market Research News

New report shares details about the military radar market to reach US$18.6 billion by 2026 and US$167.6 billion

Ethocle Reports has published its latest Market Research Report on The Military Radar Market to Reach US$18.6 Billion by 2026 and US$167.6 Billion. The demand for military radars in the global market is expected to be primarily driven by the growing importance of unmanned platforms and modernization of existing military radar systems. Browse tables and figures for more information.

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Summary

The Global Military Radar 2016-2026 report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for military radars, key market trends, and challenges faced by industry participants.

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Key Findings

- The global military radar market, valued at US$15.5 billion in 2016, is projected to grow at a CAGR of 1.84% over the forecast period period, to reach US$18.6 billion by 2026 and cumulatively value US$167.6 billion. The market consists of five categories: airborne radar, ground-based radar, naval radar, space-based radar and sonar systems.

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- The market is expected to be dominated by airborne radar systems, which will account for 28% of the market, followed by ground-based, naval and sonar systems with shares of 25%, 20%, and 15% respectively. The remaining 11% will be accounted for by space-based radar systems.

- North America is forecast to dominate the sector with a share of 36%, followed by Asia Pacific and Europe, with shares of 26% and 23% respectively.

Synopsis

The demand for military radars in the global market is expected to be primarily driven by the growing importance of unmanned platforms and modernization of existing military radar systems. Additionally, advent of technologically enhanced radar systems such as Active Electronically Scanned Array (AESA) coupled with changing warfare tactics are also providing significant push to the growth of the global military radar market.

Along with the major defense spenders in every region, the  smaller countries are also undertaking modernization initiatives for installation of improved radar systems for their armed forces.

Reasons To Access

- Determine prospective investment areas based on a detailed trend analysis of the global military radar market over the next ten years

- Gain in-depth understanding about the underlying factors driving demand for different military radar systems segments in the top spending countries across the world and identify the opportunities offered by each of them

- Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others

- Identify the major channels that are driving the global military radar market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion

- Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global military radar systems market

- Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top military radar providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available

Executive Summary

Global Military Radar Market -Overview

Market Dynamics

- Demand Drivers: Analysis of factors that trigger spending within the sector

- Trends: Prevalent practices, industry consolidation and procurement patterns within the market

- Technological Developments : New products, processes and innovations recently inducted within the sector

- Key Challenges: Obstacles affecting sector growth

Military Radar Market -Segment Analysis

- Segment Analysis: Airborne

 - Market size and CAGR growth analysis, 2016-2026

 - Change in market share, 2016-2026

- Segment Analysis: Ground-based

 - Market size and CAGR growth analysis, 2016-2026

 - Change in market share, 2016-2026

- Segment Analysis: Naval

 - Market size and CAGR growth analysis, 2016-2026

 - Change in market share, 2016-2026

Regional Review

- Defense capital expenditure

- Capex forecast, 2016-2026

- Factors influencing military modernization programs

Military Radar Market -Regional Analysis

- Regional overview

- Factors driving spending within the region

- Regional expenditure on each sub-segment , 2016-2026

- Market Size and CAGR growth analysis, 2016-2026

- Change in market share, 2016-2026

Trend Analysis -Key Defense Markets

- Country -wise breakdown of expenditure for each region

- Sub-segment wise analysis for each country

- Major Programs for each country

- Market Size and CAGR growth analysis, 2016-2026

- Change in market share, 2016-2026

Key Programs Analysis

- Description of key programs

- Delivery period, units and total expenditure

Competitive Landscape Analysis

- Competitive analysis -13 leading companies

- Major Products and Services

- Major Alliances and Recent Contracts

- Financial Analysis covering Revenue, Operating Profit and Net Profit Sector report Defense

 

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