The global military radar market is expected to register a significant CAGR in the period 2017-2025.
Portland, OR -- (SBWIRE) -- 06/14/2018 -- Military radars are the vital instruments required to prevent an attack or damage and are used during national emergencies such as earthquakes, floods, and tsunamis. A military radar consists of a transmitter, a receiver, and a transmitting antenna. These instruments use electromagnetic waves to determine the range, velocity of objects, and altitude. They can spot aircrafts, spacecrafts, vehicles, ships, missiles, and several other objects. In addition, they are used for target recognition, bombing, shelling, and fire control. Military radars are extremely mobile and have ability to handle multiple targets at the same time across several territories.
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Drivers and Restraints:
The global military radar market analysis report sketches the factors that affect the rise and fall of the market such as drivers and restrains. The increasing conflicts between territories and regional instabilities in the Middle East and the Asia-Pacific regions have fueled the market growth. In addition, it is expected that the budget cuts in defense sector will boost the market growth. However, several factors hinder the growth of the global military radar market. For instance, high cost of space-based radars impedes the global military radar market growth.
Rest of Asia-Pacific
Rest of Europe
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Key Market Players:
The report studies the top market players to help business analysts to form their strategies to uphold in the market. The top players in the global military radar market profiled in the report are Lockheed Martin Corporation, Northrop Grumman Corporation, Saab Group, Finmeccanica SpA, Thales Group, Raytheon Company, Israel Aerospace Industries, BAE Systems, Airbus Group, and General Dynamics Corporation.
Key Takeaways from the Report:
The report provides an in-depth analysis of the global military radar market.
The report includes a thorough study of the global military radar market size, trends, share, restrains, drivers, and opportunities.
The report includes forecast of the global military radar market based on the current market trends and potential of the market.
A thorough analysis of the market players is included to understand the competitiveness of the industry.
An extensive analysis of the global military radar market is provided based on geography to understand the region-wise growth of the market.
The report includes key segmentation and sub-segmentation of the global military radar market.