Military Radar Market - Global Industry Analysis and Forecast upto 2019
Albany, NY -- (SBWIRE) -- 07/18/2016 -- Innovations and Developments in Radar Tech to Boost Global Military Radar Market
Radars are widely adopted by various sections of the military forces such as the army, the navy, and the air force. Military radars are used for locating ships and planes in case they are lost or during warfare and drill sessions. On the other hand, government bodies utilize radars to determine the possibility of natural calamities such as tsunamis and earthquakes, by helping to pinpoint the magnitude, the time, and the location of a calamity.
Military Radar Market Information:
Military radars were also used for locating the missing Malaysian Airline Flight 370 which disappeared on after leaving Kuala Lumpur in March 2014. The demand for military radars is also expected to rise due to their ability to detect missile launches and determine if an approaching air craft is a friendly one or not. According to a report published by Transparency Market Research, the global military radar market is expected to reach US$8.44 bn by 2019; it was valued at US$6.90 bn in 2013 and will expand at a 2.9% CAGR from 2012 to 2019.
Raytheon's All-seeing Radar Offering 360 Degree Coverage
The leading military radar manufacturers are Raytheon, Northrop Grumman Corporation, Lockheed Martin Corporation, BAE Systems, Saab Sensis Corporation, Terma A/S, ASELSAN Inc., Boeing, DRS Technologies, and Harris Corporation. Raytheon, a leading defense contractor, has spent over 17 years in developing new radar technology that is far more efficient and can handle more power than gallium arsenide. The new system produces much less radio noise while creating a long-range radar beam. Gallium-nitride is used in the new technology as it has a significant advantage over the previous techniques, comprising two back to back arrays such that it gets a full 360-degree coverage. This makes it useful when missiles or drones swarm from all four directions simultaneously.
Gallium-nitride has the potential to go beyond the functionalities of an ordinary radar. It uses a beam of short-wavelength microwaves to heat the surface of the target's skin and cause it to flee within a few seconds of exposure due to the pain it causes. This innovation of solid state technology is expected to lead to newer developments in the forthcoming years, thus boosting the global military radar market.
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Infiltration Leads to High Adoption of Military Radars in Asia Pacific
In 2012, North America held the largest share in the global military radar market. Asia Pacific was the second largest market for military radars owing to a continual strengthening process implemented by the military forces of India, China, Japan, and South Korea. Moreover, some of the countries in Asia Pacific face grave issues such as infiltration, thus leading to a wider adoption of military radars for surveillance and other critical functions. Substantial purchases of military radars from emerging nations are aiding the growth of the global military radars market.
Over 40% of the global military radar market in 2012 was held by the U.S. and China collectively. These two superpowers are expected to maintain their dominance in the global military radars market in the coming years.
An overall increase in security concerns is expected to boost the global military radar market. Rising investments in defense and the rising demand for having a technology that detects target locations or target recognition are expected to drive the military radar market. The demand for light weight radars will bring about new developments, further bolstering the global military radar market.