In this report, Technavio covers the market outlook and growth prospects of the global radar systems and technology market for 2017-2021. The market is segmented on product type, which includes ground-based, airborne, naval, and space-based.
The ongoing territorial and maritime disputes have propelled countries to focus on military arsenal expansion and upgrade their existing fleet of military aircraft, naval vessels, and military land vehicles. Old and new military platforms are being integrated with radar systems to navigate, gather information, and identify targets. The evolving nature of modern warfare demands the implementation of advanced radar systems to ensure an effective defense and surveillance mechanism.
Technavio’s aerospace and defense research analysts categorize the global radar systems and technology market into the following segments by regions:
Americas: radar systems and technology market
“North America leads the global military market in terms of expenditure and technological advances. The region generates a very high demand for radar systems. Companies such as BAE Systems and Lockheed Martin have developed several advanced radar systems that enable effective monitoring and surveillance for the ground, aerial, and naval forces in the region,” says Moutushi Saha, a lead analyst at Technavio for research on defense.
For many years, the US has been leading in military spending and is continuously transforming the way its military units perform on the battlefield. Moreover, with the use of a wide range of technologies, the US Armed Forces has become highly efficient and possess increased combat capabilities.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Radar systems and technology market in EMEA
“In recent years, EMEA has been plagued with various conflicts such as the political crisis in European countries, such as Cyprus, Greece, Ireland, Portugal, and Ukraine, and the increasing turbulence in the Middle East and North Africa. Such growing technology-based asymmetrical threats have accelerated the development of many radar systems in EMEA,” says Moutushi.
Due to the rise in terrorist activities by the Islamic State in the Middle Eastern countries, Russia and the UK have adopted several defensive and counter warfare strategies to counteract these threats. Also, with the return of NATO deployments in the disputed regions of Iraq and Afghanistan, the market is expected to post a steady growth rate during the forecast period.
Radar systems and technology market in APAC
The military radar systems market in APAC is expected to gain momentum during the forecast period due to the growing territorial and maritime conflicts. The increasing defense budgets have propelled countries, such as China, India, Australia, and Japan, to enhance their inventory of arms and weapons as well as associated military products.
The growing arms race between the western and eastern countries is expected to provide a major push to the market. The space war between China and the US has led to the initiation of new programs that are major contributors to the market growth. China has been actively pursuing projects in the field of space-based radar systems.
The top vendors in the global radar systems and technology market highlighted in the report are:
- BAE Systems
- Lockheed Martin
- Northrop Grumman
Browse Related Reports:
- Global Military Aircraft Battery Market 2017-2021
- Global Airborne Weapon Delivery Systems Market 2017-2021
- Global Military Fire Control Systems Market 2017-2021
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like aerospace, defense technology, and aerospace components. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at email@example.com.
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770