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The U.S. has been the biggest market for the air and missile defense radar system; in respect the recent economic scenario has seen a defense budget cuts in the U.S. market as well.

The U.S. has been the biggest market for the air and missile defense radar system; in respect the recent economic scenario has seen a defense budget cuts in the U.S. market as well. Countries in the Asia-Pacific region like South Korea, Japan and Middle Eastern countries like UAE, Saudi Arabia, and Israel can drive the growth of the market. India and China’s market will be tough to penetrate because of their strict government regulations and indigenous programmes. Russia with respect to AMDR market continues to be highly indigenous with all the manufacturing done by Russian companies.

According to the new market research report "Air and Missile Defense Radar Market (by Land-Based Systems, Naval Systems and Airborne Systems) - Global Forecasts and Analysis to 2014 - 2020",  Air and Missile Defense Radar Market is estimated to be $7.0 Billion in 2014 and is expected to Register a CAGR of 6.82% to Reach$10.40 Billion By 2020.

Browse more than 59 market data tables with 12  figures spread through 164 pages and in-depth TOC on "Air and Missile Defense Radar Market (By Land-Based Systems, Naval Systems and Airborne Systems) - Global Forecasts and Analysis to 2014 - 2020"

Early buyers will receive 10% customization on this  report.


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Early buyers will receive 10% customization on this report. 

The global air and missile defense radar market is estimated to be $7 billion in 2014 and expected to grow at a CAGR of 6.82% to reach 10.40 billion in 2020. The growth regions will beinAsia-Pacific and the Middle East. However countries like South Korea, Japan, UAE, Saudi Arabia and Israel will likewise show a higher growth level in the market throughout the forecasted period.

Defense budget cuts in the U.S. and Europe will have an impact on the air and missile defense radar market.

The air and missile defense radar systems will be on high priority in the near future because of increased diplomatic tensions in the regions like the Middle East and Asia-Pacific. The radar systems have evolved rapidly while the technology trend will achieve new developments in future, which will create new and better opportunities in the market.

There is a slight decrease in the defense radar market for western’s air and missile. This decline is not because of lower spending on defense budgets in the western market, but its increased spending in the regions like Asia-Pacific and the Middle East.

Land-based radar systems have the highest CAGR across all platforms and it will account for 45% of the market share in the forecasted period.

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The global air and missile defense radar market is anticipated to be $7.00 billion in 2014 and it is expected to register a CAGR of 6.82% to reach $10.40 billion in 2020. The regions witnessing growth will include the Middle East and Asia-Pacific. Even with the budget cuts in the U.S. and Europe, the air and missile defense radar system will maintain a stable growth rate throughout the forecasted period.

The report analysis includes information on key high growth markets and sectors, thereby marking the growth trend in the air and missile defense radar market. In addition to that the report highlights the current market scenario, its competitive landscape, the market drivers and restraints, the geographic trends and the opportunities in technological advancements.
South Korea will be the key market in the Asia-Pacific region. The other key growth countries for the market will be Japan, Saudi Arabia, Israel and UAE.

Technologies, both combined and multi-band radar systems will be implemented during the forecasted period and there will be an increase inthe demand for the systems and for the dual band radars in Naval-based platforms.

Report Details @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=140105037

Overall, modern warfare’s effective defenses will mostly be dependent on air and missile defense radar, leading to an increased opportunity for these radar systems in future.

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