Albany, NY -- (SBWIRE) -- 09/12/2016 -- 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 displaying their interest in investing in the industry. Thus, the threat of new entrants is expected to be moderate in the coming years.

Increasing Need for Target Recognition Drives Demand for Military Radar

Wars today, can no longer be fought with guns and bullets. Missiles and bombs that are invisible to the naked eye are being used. Missiles are being launched from distances as much as 1000 km. Thus, to combat these attacks, radars are being used to help detect the origin of missiles and combat them. Target recognition has become the need of the hour for improving the assessment of potential threats and to identify a foe. Radar technology enables a better understanding of the situation and offers more control in the battle area.

Radar technology is also used to find mines and destroy them. With an increase in the global terrorist activities, there has been a rise in the number of missiles launched and cases of hidden landmines. Suicide bombings have increased and thus, radar technology is being used to identify the potential people with an intention to destroy peace. Illegal immigrants are also being identified with the help of radar military personnel, based on borders, airports and railways stations.

The defense industry, in an attempt to develop its naval vessels, missile defense system, and military aircraft, are investing in R&D for the development of groundbreaking radar systems. The use of radar systems in military, is enhancing the surveillance duration, incoming defense capabilities, and early warning system capabilities. All these factors are boosting the demand for military radar systems.

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Signal Degradation due to Wind Turbines Posing a Challenge

The spinning blades of a wind turbine are causing an interference in the signal, thus posing a problem. When the blades are within the sight of a radar, they block a significant percent of the radar beam and degrade the signal power of the radar. In effect, wind turbines distort the signal strength of radars and leave a blank spot. "However, ongoing developments and advancements in technology are expected to reduce the impact of turbines in signal strength of radars", states a TMR analyst.

Drug Trafficking and Illegal Trespassing to Create Need for Radars

Rising prevalence of drug trafficking and illegal trespassing is creating a heightened need for countries to enhance their border security with virtual electronic fence system. Thus, border and coastal surveillance programs by incorporating long range radars are being planned, states a TMR analyst. This is expected to boost the global military radar market.

Strategic alliances between domestic military radar producing companies and top global manufacturers are enabling players to cater to both domestic and international market. Companies are striving to offer variants of products, which is expected to boost the existing business line. Thus, strategic alliances will open new opportunities of growth in the global military radar market.

By type, the airborne segment is expected to lead and will account for 30.75% of the global military radar market by 2019. By geography, North America, is expected to lead in the market, followed by Asia Pacific, in the coming years. North America is expected to account for 32.78% of the global military radar market. According to the report, the global market opportunity for military radars will be worth US$8.4 bn by 2019.

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