Military Security & Defence Market Research News

Military radar market revenue will reach 14.09 billion by 2024 according to new research report

Constant improvisation in Radio Frequency technology, as well as the growing need for means of early identification is driving governments across the globe to invest in the radar market. The immense need for Radar as an integral part of nearly all the prominent defense equipment such as aircraft, helicopters, naval vessels, armored vehicles, as well as UAVs, is leading the military radar market to grow rapidly.


As per the report "Military Radar Market Make an Inquiry about this news By Type (Ground Based,Naval, Airborne, and Space Based),Industry trends,estimation & forecast,2016 - 2024", the Global Military Radar market was valued at $10.85 billion in 2016, and is projected to reach $14.09 billion by 2024, growing at a CAGR of 3.4% from 2017 to 2024. In 2016, the airborne radar segment generated the highest revenue share in the global military radar market.

Among major regions, North American military radar market was the highest revenue generating market valued at $3.57 billion in 2016.

Report at www.esticastresearch.com/market-re…tary-radar-market Make an Inquiry about this news

Airborne military radar segment lead the global military radar market in 2016 growing with a CAGR of 3.4% during the forecast period

The Airborne military radar segment lead the global military radar market garnering a revenue of $3.32 billion in 2016.