Pune, India -- (SBWIRE) -- 04/26/2018 -- Air and Missile Defense Radar System Market – Overview:
The global air and missile defense radar system market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of air and missile defense radar system market will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2023, which will be a surplus growth at a moderate CAGR during the projected period (2017 -2023).
The technology upgradation of defense surveillance system, which has resulted in the development of a set of global air and missile defense radar system market. The increase focus of manufacturers on defense surveillance system will lead to an increase in use of air and missile defense radar system, due to which there will be growth in global air and missile defense radar system market. Hence, it is expected that the defense technological capability would eventually drive the global air and missile defense radar system market.
Moreover, growth in automation and modernization of defense surveillance systems, will drives the growth of global air and missile defense radar system market. This enables faster response to crisis situations and adaptation to the dynamic technological advances in the defense industry.
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Key Players
Airbus Group, Almaz-Antey, BAE Systems, Finmeccanica, General Dynamics, Israel Aerospace Industries Ltd, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Reutech Radar Systems, SAAB Group, Thales Group and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global air and missile defense radar system market.
Industry/ Innovation/ Related News:
March, 2015 – Airbus Defense and Space introduced air surveillance radar which give advantageous air traffic control capabilities.
July, 2017 – Russian Almaz-Antey signed a contract with the Belarusian Defense Ministry to supply radars for air defense system.
October, 2017 – Israel Aerospace Industries signed a contract with the NATO air defence command and control to supply an advanced 3D air surveillance and defense radar system.
Global Air and Missile Defense Radar System Market – Segmentation
The global air and missile defense radar system market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Range : Comprises Short, Medium and Long
Segmentation by Application : Comprises Ballistic Missile Defense and Conventional
Segmentation by Platform : Comprises Land Based, Naval and Airborne
Segmentation by Regions : Comprises Geographical regions - North America, Europe, Asia-Pacific, Middle East & Africa and South America.
Global Air and Missile Defense Radar System Market: Regional Analysis
North American region is dominating the market of global air and missile defense radar system market due to high demand for air surveillance system. The market in the North American countries is largely driven by popularity of AMDR program introduced by U.S. Military, which helps in growth of global air and missile defense radar system Market.
Asia Pacific market is referred to as the second-largest air and missile defense radar market due to factors such as growing investment in border security have fuelled the demand for global air and missile defense radar system market.
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Target Audience
- Radar OEMs
- Systems Suppliers
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager
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