What is Military Radar?
Military radar is an object which is used for the determination of speed, altitude, and direction of objects during military operations. The global military radar market is expected to grow at a healthy pace during the forecast period, according to the AMA study. Moreover, the rising military expenditure across different regions and the increasing military expenditure is expected to be some of the major factors aiding the growth of the market. However, the market is expected to witness a decline in growth during FY 2020 but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
The market study is broken down by Type (Ground-Based Military Radar, Naval Based Military Radar, Airborne Military Radar and Space-Based Military Radar), by Application (Simple Pulse, Target Indication, Imaging & Tracking, Fire-Control, Air Traffic Control and Others) and major geographies with country level break-up.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the market. The recent global industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA estimates that Manufacturers from United States will contribute to the maximum growth of Global Military Radar market throughout the predicted period.
Airbus (France), ASELSAN A.Ş. (Turkey), BAE Systems (United Kingdom), Boeing (United States), General Dynamics Mission Systems, Inc. (United States), Harris Corporation (United States), Israel Aerospace Industries (Israel), Leonardo DRS (United States), Lockheed Martin Corporation (United States), Northrop Grumman (United States), Raytheon Company (United States), Saab (Sweden), Terma A/S (Denmark) and Thales Group (France) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Military Radar market by Type, Application and Region.
On the basis of geography, the market of Military Radar has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use, the sub-segment i.e. Surveillance will boost the Military Radar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In February 2020, Raytheon announced that it has completed the first radar antenna array for the U.S. Army’s new missile defense radar in less than 120 days after being selected for the job, following a competition to replace the service’s Patriot air and missile defense system sensor.
- Developments in Military Infrastructure
- Growing Military Expenditure Across Different Regions
- The Rising Military Aircraft Production
- Opportunities Across the Asia Pacific Region
- High Cost of Military Radars
Analyst ViewAfter a healthy global military aircraft demand in 2019, the deliveries of miiltary aircraft declined in the 2020 which was expected to regain its growth in the FY 2021 after the COVID-19 pandemic scenario. After the COVID-19 pandemic across the world, the demand for military aircraft has not been affected as the military spending across the world has not been witnessing any negative impact due to the pandemic as the countries are more concerned about the safety & security of their nations. At the same time, the demand for military aircraft has remained unaffected by the pandemic. Moreover, the demand for military radars for military applications is expected to remain constant during the forecast period which is expected to drive the market demand during the near future.
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase