Global Military Radars Market to Reach $13.04B by 2020
June 2, 2016 | PRNewswireEstimated reading time: 2 minutes
The global military radars market was valued at USD 11.02 billion in 2015 and is projected to reach USD 13.04 billion by 2020, at a CAGR of 3.42% from 2015 to 2020. Increased concerns towards airborne fire control, surveillance, ground mapping, early warning, air traffic control (ATC) SAM guidance, and so on are driving the demand for military radars across the globe. With increased demand for defense surveillance over porous and attack prone borders, increased spending on defense sector by the developing countries, and increased terrorism and ongoing intercountry conflicts, the market for military radars is expanding subsequently.
Ground-based radars are expected to grow fastest in the military radars market
Ground-based radars are used to get real-time information in warfare situations. Detection of the object, tracking, and reporting functions are performed by military radars. To locate unexploded ordinance and tunnels, ground-based system is very effective. Border security forces and military forces find ground-based radar very useful for ground penetration. Depth of tunnel, diameter, and path can be easily traced using the ground-based radar systems. In disasters such as earthquake and floods, locating operation can be done with the help of this system.
X & KU band radars are expected to grow fastest in the military radars market
X-band and Ku band radars are widely used for airborne military radar platform and ground-based platform. They also used in synthetic aperture radars. These systems are relatively popular in military application. Small antenna is used in both the radar band systems. Ku-band radars are used in missile guidance system application. Small antenna size makes them very handy in low weight applications. Space-borne platforms such as synthetic aperture radars (SAR) use these radar bands. Fighter aircrafts need fine target detection capability, for which X-band radars are used.
North America region holds a dominant market share in the global military radars market
The military radars market, by region, is led by the North America, which includes the U.S. and Canada. The North America region holds a significant share of the global military radars market in 2015. High defense expenditure of the U.S. is the major driver behind the high market share of this region.
Break-up of profile of primary participants for the military radars market report:
- By Company Type - Tier 1 – 35 %, Tier 2 – 45% and Tier 3 – 20%
- By Designation – C level – 35%, Director level – 25%, Others – 40%
- By Region – North America - 45%, Europe – 20%, APAC – 30%, RoW – 5%
In this report, the military radars market is segmented into X & Ku band, L & S band, and other frequency band. Radars are classified based on frequency band which is used for the transmission of signal. X-band and Ku band radars are widely used for airborne military radar platform and ground-based platform. They also used in synthetic aperture radars. Other band radar systems include C-band, K-band, Ka-band, millimeter wave, and ultrahigh frequency radar bands.
Suggested Items
Jaltek Forge Partnership to Target New ‘Agritech’ Business
07/26/2024 | JaltekJaltek is thrilled to announce it has signed a new partnership that will give ‘agritech’ innovators seeking contract manufacturing and electronics solutions a single point of contact.
Flex Appoints Michael Hartung as President, Chief Commercial Officer
07/26/2024 | FlexFlex announced the appointment of Michael Hartung as President, Chief Commercial Officer, effective immediately. In his expanded role, Mr. Hartung will continue to report to Flex CEO, Revathi Advaithi and lead both the Agility and Reliability segments, focusing on delivering on the long-term Flex Forward strategy and driving the adoption of the company's end-to-end services and products across targeted markets.
Amphenol Reports Record Q2 2024 Results and Announces Dividend Increase
07/26/2024 | Amphenol CorporationThe Company continues to deploy its financial strength in a variety of ways to increase shareholder value. During the quarter, the Company purchased 3.1 million shares of its common stock for $190 million and paid dividends of $132 million, resulting in total capital returned to shareholders of more than $320 million.
MKS’ Atotech and ESI Participate in Electronics Circuit Asia in Thailand
07/25/2024 | AtotechMKS Instruments announces its participation at the Electronics Circuit Asia 2024 in Thailand, July 24-26, highlighting its leading brands Atotech® and ESI® and related advances in advanced packaging, package substrate, and printed circuit board manufacturing.
NCAB Releases Interim Report, January–June 2024
07/25/2024 | NCABNet sales decreased by 12% to SEK 935.1 million (1,057.5). In USD, net sales decreased 13%. For comparable units, net sales decreased 15% in both SEK and USD.