The “Global Military Radar Market Analysis to 2027″ is a specialized and in-depth study of the military radar industry with a focus on the global market trend. The report aims to provide an overview of global military radar market with detailed market segmentation by product type, component, platform, range, end user, and geography. The global military radar market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
Radar systems in military is extremely useful for early warning detection of missiles, air traffic control, surveillance of air and ground, navigation at sea, and many others. It is also being used as terrorist scanner radar along with camera which uses ultrasonic frequency and several object detection that make use of image processing for achieving higher security at the national borders. Growing Procurement of air defense systems and radar due to rising Regional Instability & Transnational Disputes will drive the military radar Market. Similarly, the development of drones and UAV’s will also lead to the growth of the military radar market in the forecast period.
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Some of the key players influencing the market are Northrop Grumman, Bae Systems, Saab Automobile AB, Israel Aerospace Industries, Thales Group, Raytheon Company, Leonardo S.p.A., Harris Corporation, ASELSAN A.?., and Hensoldt.
The factor that can act as a restraint in the growth of the market is the high expenses involved in the improvement of military radars is expected to hamper the military radar market. However, the increasing demand of ground surveillance radars for border monitoring and requirement of new generation air and missile defense systems is creating new opportunities in the market of military radar in the forecast period.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global military radar market based on product type, component, platform, range, and end user. It also provides market size and forecast till 2027 for overall military radar market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 countries globally along with current trend and opportunities prevailing in the region.
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This post was originally published on The Picayune Current