Strategic Alliances Between Domestic and Global Military Radar Companies to Create New Market Dynamics, Predicts TMR
The global military radar market is monopolistic in nature. The top five companies accounted for 54% of the global military radar market in 2013. These companies are: Northrop Grumman Corporation, Lockheed Martin Corporation, Raytheon, BAE Systems, and Boeing. Many manufacturers of radar technology are attracted towards investing in the market owing to the increasing security concerns, states a new report by Transparency Market Research (TMR). Owing to the positive growth and potential of the military radar market, more players are...
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