The military radar market forecast projects the future numbers, characteristics, and trends from 2017 to 2025 of each segment in the regions mentioned. The Porter's Five Forces analysis identifies the five forces that play a role in determining the level of competition prevailing in the market.
Progressive Markets added a report, "Global Military Radar Market - Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025" which says that the global military radar market is expected to grow at a CAGR of over 3% from 2017 to 2025.
Military radars are one of the most important instruments employed during wars to prevent any attack or damage to human life and property. They are also used during national calamities such as earthquakes, tsunamis, tsunamis, and floods.
Comprising of a transmitter, a transmitting antenna, and a receiver, these object detection systems make use of electromagnetic waves to determine the range, altitude, direction, angle or velocity of objects. Military radars can detect aircrafts, ships, spacecraft, vehicles, ballistic missiles, and more.
They are also used for precise target recognition, fire control, and bombing or shelling. Highly mobile, the systems possess the ability to manage multiple targets, which are used across several terrains.
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Market Drivers and Restraints
The military radar market analysis report highlights the several drivers and restraints which impact the rise and fall of the industry. One factor fueling the growth of the market include conflicts between territories and geographical instabilities in the Middle East and the Asia-Pacific regions.
Moreover, the cut in budgets in the defense sector is likely to spur the market growth. On the other hand, the high cost of space-based radars is likely to impede the growth of the overall market.
Military Radar Market Key Segmentation:
The report presents a detailed analysis of the military radar market segmented by its platform and geography. Based on the platform, the military radar market is classified as ground-based, naval, space-based, and airborne.
Based on geography, the report studies the military radar industry across regions such as Asia-Pacific, North America, Europe, and LAMEA. In Asia-Pacific, the market covers the regions such as Japan, China, India, and the other parts of Asia-Pacific.
In North America, the market covers regions such as the U.S., Canada, and Mexico. In Europe, the military radar industry covers the regions such as UK, Germany, France, Italy, and the other parts of Europe.
In LAMEA, the market covers regions such as Brazil, Saudi Arabia, South Africa, and the other parts of LAMEA.
Key Market Players
The top players operating in the global military radar market include Lockheed Martin Corporation, Raytheon Company, Northrop Grumman Corporation, Israel Aerospace Industries, Saab Group, BAE Systems, Finmeccanica SpA, Airbus Group, Thales Group, and General Dynamics Corporation.
Key Benefits from the Market
The report helps gain an in-depth understanding of the military radar market across the globe. It comprises the military radar market size, military radar market share analysis, military radar market outlook, market dynamics, Porter's analysis, trends of the industry, military radar market forecast, key company profiles, market segmentation.
The data in this report is based on a rigorous primary and secondary research. This involves obtaining inputs from industry experts and an exhaustive search of annual and financial reports and proprietary databases.
The report is a useful resource for market players, investors, stakeholders, and new entrants as it helps them take meaningful and informed business decisions and plan their market-centric strategies. The in-depth analysis of the market size determines the future potential of the market.
The market share analysis helps determine how each segment in the industry is performing, giving a clearer image of the growth potential of the industry.
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It includes the bargaining power of buyers, bargaining power of suppliers, the threat of substitutes, the threat of new entrants, and industry rivalry. The impact of drivers and restraints on the military radar security industry is analyzed and included in the report.
It helps focus on the specific areas of growth and development of the market. The report also throws light on the major competitors operating in the global military radar market.
Besides the general overview of the companies, the report also focuses on their financial and business segments and recent developments
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