Security and Surveillance Radar Market Projected to Reach $8.61 Billion by 2020

According to the market research report Security and Surveillance Radar Market (Land Systems, Airborne Systems, and Naval Systems) - Global Forecasts and Analysis to 2014 - 2020”, published by MarketsandMarkets, The security and surveillance radar market are estimated to be $6.08 billion in 2014 and are expected to register a CAGR of 5.97% to reach $8.61 billion by 2020.

Browse more than 93 market data tables with 47 figures spread through 161 pages and in-depth TOC on "Security and Surveillance Radar Market".

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This report provides a market analysis of the security and surveillance radar market for the next five years. It provides an overview of drivers, challenges, and restraints impacting the industry. It also discusses about the industry, market, and technology trends that are currently prevailing in this market. It tracks, analyses, and lays out the market size of the major spenders in each region and analyses the market by defense and commercial applications. It also provides information about the leading players and their market share in the market.

Apart from a general overview of these companies, it also provides details on their financial positions, key products, their unique selling points, and key developments. This security and surveillance radar report also segments the market on the basis of defense, country, and geography, forecasting revenues, market share, and analyzing trends in each of the sub segments.

With the threats posing to every other nation from its neighbors and tensions blazing in the waters near their border, the market has identified a new opportunity to cater to the needs of coastal surveillance and marine security radars which are being procured in a colossal amount by the emerging economies globally

A large number of civil applications of radars are also applied to the military purposes, especially the weather detection and navigation radars; moreover, radar is used for surveillance and security purpose and the control of weapons by the military. The purpose of surveillance radars is to detect and locate track targets when considering the military actions as well as in commercial aviation purpose.

In future, the introduction of multi mission phased array radar and development of dual band radar give the market a thrust it need in the forecasted period.

The competitive analysis includes the market share of companies in this market. The impact of drivers and restraints are analyzed and their impact.

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