Military Radars Market to Grow $15.42 Billion by 2022
April 10, 2018 | Business WireEstimated reading time: Less than a minute
The military radars market is projected to grow from $13.06 billion in 2017 to $15.42 billion by 2022, at a CAGR of 3.38% from 2017 to 2022.
The increasing defense expenditure of emerging economies, such as China, India, and Saudi Arabia is expected to offer several growth opportunities for stakeholders in the military radars market. This, combined with increasing R&D activities on solid-state electronics for the development of military radars with longer detection range, is expected to propel the growth of the military radars market across the globe during the forecast period from 2017 to 2022. However, the high cost involved in the development of advanced military radars and the requirement of large R&D budgets for their development are some of the factors restraining the growth of the military radars market across the globe.
Based on end user, the army segment of the military radars market is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the introduction of new air defense systems along with long-range surveillance radars. Upgradation of fleet and installation of various ground surveillance radars are major factors driving the growth of the army end-user segment.
Suggested Items
Industrial PC Market Size to Record $1.75 Billion Growth from 2023-2027
05/03/2024 | PRNewswireThe global industrial pc market size is estimated to grow by USD 1.75 billion from 2023 to 2027, according to Technavio. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of almost 6.29% during the forecast period.
Real Time with… IPC APEX EXPO 2024: Direct Imaging Equipment and Quad-wave DLP Light Engine Technology
05/03/2024 | Real Time with...IPC APEX EXPOGuest Editor Kelly Dack and MivaTek's Brendan Hogan delve into the company's innovative technologies, including direct imaging equipment and quad-wave DLP light engine technology. They highlight the benefits of direct imaging, compensation, and DART technology.
LQDX Divests Aluminum Soldering Business - Mina™ - to Taiyo America Inc.
05/02/2024 | PRNewswireLQDX, formerly known as Averatek Corp., developer of high-performance materials for advanced semiconductor manufacturing, today announced that it has divested its aluminum soldering business – known as MinaTM – to Taiyo America Inc., a global market leader in advanced electronic materials.
IDTechEx Report on Quantum Technology: Nano-scale Physics for Massive Market Impact
04/30/2024 | PRNewswireThe quantum technology market leverages nano-scale physics to create revolutionary new devices for computing, sensing, and communications. Across the industry, quantum technology offers a paradigm shift in performance compared with incumbent solutions.
Guerrilla RF Completes Strategic Acquisition of GaN Device Portfolio from Gallium Semiconductor
04/29/2024 | BUSINESS WIREGuerrilla RF, Inc. has finalized the acquisition of Gallium Semiconductor's entire portfolio of GaN power amplifiers and front-end modules. Effective April 26th, 2024, GUER acquired all previously released components as well as new cores under development at Gallium Semiconductor.