Airborne Fire Control Radar - Global Market Outlook (2017-2023)
According to Stratistics MRC, the Global Airborne Fire Control Radar market is accounted for $2,563.4 million in 2016 and is expected to reach $3,631.2 million by 2023 growing at a CAGR of 5.1% from 2016 to 2023. Rising concerns over border security, growing adoption of Active Electronically Scanned Array (AESA) systems, increasing investments in defence equipment in various emerging countries, territorial conflicts and geopolitical instabilities in the Middle East, Africa and the Asia-Pacific region and automation of security and surveillance radar systems are the factors driving the market growth. However, growing cyber warfare and incapability of radars in detecting the stealth technology are the factors limiting the airborne fire control radar market.
In terms of frequency band, S-band airborne fire control radar segment accounted for the maximum revenue share during the forecast period due to its high accuracy in determining the accuracy of the firing. Whereas, X-band systems is expected to grow at the fastest rate due to increase in adoption of these systems by armed forces. The X-band airborne fire control radar systems provide higher frequency and enhanced accuracy than S-band airborne fire control radar systems. North America accounted for the largest share in global Airborne Fire Control Radar market. However, Asia Pacific is expected to grow at a highest CAGR during the forecast period.
Some of the key players identified in the global airborne fire control radar market include BAE Systems PLC, Thales Group, Airbus Group, General Dynamics Corporation, Harris, Israel Aerospace Industries Ltd., Leonardo-Finmeccanica, Lockheed Martin Corporation, Northrop Grumman, Raytheon Company and Saab AB.
Frequency Bands Covered: • S-band • X-band • Ku/K/Ka Band
Regions Covered: • North America US Canada Mexico • Europe Germany France Italy UK Spain Rest of Europe • Asia Pacific Japan China India Australia New Zealand Rest of Asia Pacific • Rest of the World Middle East Brazil Argentina South Africa Egypt
What our report offers: - Market share assessments for the regional and country level segments - Market share analysis of the top industry players - Strategic recommendations for the new entrants - Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends - Company profiling with detailed strategies, financials, and recent developments - Supply chain trends mapping the latest technological advancements