Military Security & Defence Market Research News

New report: Military radar market expected to grow at a CAGR of 3.4% during 2017 to 2024

Military Market Research

Global Military Radar Market By Type (Ground Based, Naval, Airborne and Space Based), Industry trends, estimation & forecast, 2016 - 2024

Military Radar market generated a revenue of $10.85 million in 2016 and is expected to reach $14.09 billion by 2024, having a CAGR of 3.4 % during the forecast period of 2017 to 2024. The airborne radar segment garnered the highest revenue share in the global military radar market.

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Radio detection and ranging (RADAR), is a detection and surveillance system which helps in detecting objects with the help of radio waves. It is a well-structured detection system which is used to determine various aspects such as the range, angle, and velocity of a definite object.