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", published by MarketsandMarkets, 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 $10.37 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"
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The report provides a market analysis of the air and missile defense radar market over the next five years. It provides detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of the leading companies in the industry, and other key news. It provides information about the leading competitors in this 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 research 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.
The air and missile defense radar market is expected to register a growth with a CAGR of 6.82%, and reach $10.37 billion by 2020. In the recent years the countries have started using x-band radar in their naval platform to provide improved detection and tracking of ballistic missiles from a long range. The progress in the radars is also helping military radar, marine radar, and airborne radar system to detect aircraft, ships, and even land based vehicle and allows operator to detect and track target at much further distance.
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 on this market throughout the study period is given to provide an in-depth insight of the market. Technology and industry trends are also discussed, which will provide competitive market intelligence, related to advanced technology and joint ventures amongst the radar system providers. Global market players like Russia, Israel, and U.S. contributes 70% towards the global 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.
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