Aerospace & Defense Radar Market Worth US$ 13,389 million in 2022
Aerospace & Defense Radar Market report is a 260-page study offering actionable insights into the global market opportunities, trends, forecasts, and competitive analysis.
(EMAILWIRE.COM, January 23, 2019 )
Stratview Research has published a new research report on Aerospace & Defense Radar Market. This extensive 260-page report by Stratview Research analyses the growth of Aerospace & Defense Radar Market over the trend period of 2011 to 2016 and forecast period of 2017 to 2022 under the following segments -
● by Platform Type (Ground-based, Airborne, and Others)
● by Application Type (Civil, Military, and Others)
● by Technology Type (CW Radar and Pulsed Radar)
● by Component Type (Antenna, Receiver, and Others)
● by Band Type (X-Band, S-Band, and Others)
● and by Region (North America, Europe, Asia-Pacific, and RoW)
Go through the detailed scope: https://www.stratviewresearch.com/toc/269/Global-Aerospace-and-Defense-Radar-Market.html
Or
Get a free sample of the report: https://www.stratviewresearch.com/toc/269/Global-Aerospace-and-Defense-Radar-Market.html
Increasing the military expenditure of the developing economies
The aerospace & defense radar market was valued at US$ 10,746 million in 2016 and is projected to grow at a healthy CAGR of 3.7% over the next five years to reach US$ 13,389 million in 2022. An upgrade of legacy radar systems, increasing the military expenditure of the developing economies such as India, the rise in the global commercial and regional aircraft deliveries, and increasing demand for Unmanned Aerial Systems (UAV) are the driving factors for the growth of radar market during the forecast period.
North America to remain the largest market
North America is expected to remain the largest market for A&D radar market over the next five years. This is because of its market leader position in the procurement of defense equipment and having a large number of manufacturers in this region. APAC is likely to witness the highest growth rate during the same period (2017-2022), owing to rise in the procurement of radar systems led by appraisals in the defense budget of Asian countries.
Top market players
The supply chain of this market comprises of component suppliers, radar manufacturers, and end users. The component suppliers include companies, such as Arrow Electronics, Dy 4 Systems, Cablex Pty. Ltd., and Wesco Manufacturing. These components suppliers provide the components of radar systems to radar manufacturers. The key radar manufacturers are Lockheed Martin, The Raytheon Company, Northrop Grumman Corporation, Leonardo S.p.A., Israel Aerospace Industries, SAAB Group, BAE Systems Plc., and Thales Group. The end-users of the radar market include the defense departments, aviation departments, marine departments, NASA, and other space stations.
Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.
Stratview Research has published a new research report on Aerospace & Defense Radar Market. This extensive 260-page report by Stratview Research analyses the growth of Aerospace & Defense Radar Market over the trend period of 2011 to 2016 and forecast period of 2017 to 2022 under the following segments -
● by Platform Type (Ground-based, Airborne, and Others)
● by Application Type (Civil, Military, and Others)
● by Technology Type (CW Radar and Pulsed Radar)
● by Component Type (Antenna, Receiver, and Others)
● by Band Type (X-Band, S-Band, and Others)
● and by Region (North America, Europe, Asia-Pacific, and RoW)
Go through the detailed scope: https://www.stratviewresearch.com/toc/269/Global-Aerospace-and-Defense-Radar-Market.html
Or
Get a free sample of the report: https://www.stratviewresearch.com/toc/269/Global-Aerospace-and-Defense-Radar-Market.html
Increasing the military expenditure of the developing economies
The aerospace & defense radar market was valued at US$ 10,746 million in 2016 and is projected to grow at a healthy CAGR of 3.7% over the next five years to reach US$ 13,389 million in 2022. An upgrade of legacy radar systems, increasing the military expenditure of the developing economies such as India, the rise in the global commercial and regional aircraft deliveries, and increasing demand for Unmanned Aerial Systems (UAV) are the driving factors for the growth of radar market during the forecast period.
North America to remain the largest market
North America is expected to remain the largest market for A&D radar market over the next five years. This is because of its market leader position in the procurement of defense equipment and having a large number of manufacturers in this region. APAC is likely to witness the highest growth rate during the same period (2017-2022), owing to rise in the procurement of radar systems led by appraisals in the defense budget of Asian countries.
Top market players
The supply chain of this market comprises of component suppliers, radar manufacturers, and end users. The component suppliers include companies, such as Arrow Electronics, Dy 4 Systems, Cablex Pty. Ltd., and Wesco Manufacturing. These components suppliers provide the components of radar systems to radar manufacturers. The key radar manufacturers are Lockheed Martin, The Raytheon Company, Northrop Grumman Corporation, Leonardo S.p.A., Israel Aerospace Industries, SAAB Group, BAE Systems Plc., and Thales Group. The end-users of the radar market include the defense departments, aviation departments, marine departments, NASA, and other space stations.
Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.
Contact Information:
Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
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Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results