Global Military Radar Systems Market 2015-2019
About military radar systems
Radar systems are used to detect distant objects and track targets. Radars transmit radio waves in the direction of the target, which bounce off the object and reflect back to a receiver, which are then analyzed by the receiver. Military radars are used mainly for security and surveillance applications (airborne, maritime, and land-based) to monitor a wide range of targets such as aircraft, missiles, UAVs, naval vessels, and military vehicles.
Technavio's analysts forecast the global military radar systems market to grow at a CAGR of 4.05% over the period 2014-2019.
Covered in this report
In this report, Technavio covers the present scenario and growth prospects of the global military radar systems market for 2015-2019. The report provides a global overview of the market and growth prospects by region (the Americas, APAC, and EMEA). It also presents the market landscape and a corresponding analysis of the prominent vendors in the market. In addition, it discusses the major drivers influencing market growth, outlines the challenges faced by vendors and the market as a whole, as well as the key trends emerging in the market.
Technavio's report, Global Military Radar Systems Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; and their growth prospects in the coming years. The report includes a discussion on the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Military Radar Systems Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Military Radar Systems Market: General Dynamics, Israel Aerospace Industries, Saab, Selex ES (Finmeccanica) and Thales
Other Prominent Vendors in the market are: ASELSAN, Boeing, Harris, Lockheed Martin, Northrop Grumman, Raytheon and Terma
Commenting on the report, an analyst from Technavio’s team said: “Innovations in the areas of gallium nitride (GaN) technology have driven the military radar systems' design and market. The solid-state power amplifiers using GaN technology have improved the cost, efficiency, and reliability of GaN devices. GaN innovations have also improved the RF and microwave technology and semiconductors.”
According to the report, military radars are crucial during wartime for airborne and maritime surveillance, as they can help detect ballistic missile early and locate and fire at targets with great accuracy. Modern military radar systems also have features like built-in threat evaluation that advices the military crew to engage the relevant target. Such systems are extremely important in modern asymmetric warfare and are fitted in a military fleet of aircraft, naval vessel, and land vehicles to enhance surveillance capabilities.
Further, the report states that the development of military radar systems needs a substantial amount of time and investment. Several military radar deals have been terminated because of financial constraints and feasibility problems.
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