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This report provides readers with a comprehensive analysis of the Military Radar market through 2014-2024, including highlights of the demand drivers and growth stimulators for Military Radar. It also provides an insight on the spending pattern and modernization pattern in different regions around the world.
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The global military radar market is estimated to be valued at US$11.6 billion in 2014. The market consists of four categories of radar systems: ground-based, naval, airborne, and space-based. The value of the market is expected to increase marginally at a CAGR of 1.41% during the forecast period, to reach US$13.3 billion by 2024.
Reasons To Buy
The Global Military Radar Market 2014-2024 - Market Size and Drivers: Market Profile"" allows you to:
Gain insight into the Military Radar market with current and forecast market values.
Understand the key drivers and attractiveness parameters of the global Military Radar market.
Understand the various factors impacting the growth of the Military Radar market.
Table of Contents
1.1 What is this Report About?
1.3 Summary Methodology
1.4 About Strategic Defence Intelligence
2 Global Military radar Market Size and Drivers
2.1 Military radar Market Size and Forecast 2014–2024
2.1.1 Global military radar market to increase during the forecast period
2.2 Global Military Radar Market – Regional Analysis
2.2.1 North America dominates the global military radar market
2.2.2 Demand for airborne and ground-based radars in the US to support the global military radar market
2.2.3 Arms race in Asia makes it a lucrative market for military radars
2.2.4 European Defense budget cuts reflected in the decline of the military radars market
2.2.5 Regional turmoil to boost the demand for military radar systems in the Middle East
2.2.6 Brazil to lead the military radar market in the Latin American region
2.2.7 African Markets expected to increase during the forecast period
2.3 Military Radar Sub-Sector Market Size Composition
2.3.1 Market growth will be driven by airborne and ground-based radars
2.3.2 Demand for airborne radar systems expected to be robust over the forecast period
2.3.3 Steady investments to drive the growth of ground-based radar system over the forecast period
2.3.4 Market for Naval radars expected to record an increase and reach US$2.6 billion by 2024
2.3.5 More countries to enter into space-based radar systems market during the forecast period
2.4 Demand Drivers and Growth Stimulators
2.4.1 Increasing use of radars on unmanned platforms
2.4.2 Active electronically scanned array (AESA) technology driving the market
2.4.3 Need to modernization of air defense networks
2.4.4 Emphasis on border and coastal surveillance programs in Latin American region
2.5 Defense Budget Spending Review
2.5.1 European capital expenditure expected to increase during the forecast period
2.5.2 Asian defense budgets expected to increase at a robust pace
2.5.3 North American defense expenditure projected to increase marginally during the forecast period
2.5.4 Modernization programs likely to drive defense expenditure in South American countries
2.5.5 Military budgets of African countries expected to increase during the forecast period
2.5.6 Middle Eastern defense budgets likely to increase during the forecast period
2.6 Defense Modernization Review
2.6.1 Financial constraints causing delays in European defense modernization programs
2.6.2 Defense budgets of Asian countries likely to be driven by competitive arms acquisitions
2.6.3 Global economic slowdown leading to defense budget cuts in the North American region
2.6.4 Need to replace aging equipment driving South American defense expenditure
2.6.5 Security threats increasing the defense budget of African countries
2.6.6 Demand for air defense systems is likely to increase in the Middle East
3.2 About SDI
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