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Global Military Radar Industry Is Forecasted To Grow At A CAGR of 1.84% By 2026: Hexa Reports

Global Military Radar Industry Is Forecasted To Grow At A CAGR of 1.84% By 2026: Hexa Reports

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The “Global Military Radar Market”, valued at US$15.5 billion in 2016, is projected to reach US$18.6 billion by 2026 and cumulatively value US$167.6 billion.

Summary

The demand for military radars in the global market is expected to be primarily driven by the growing importance of unmanned platforms and modernization of existing military radar systems.

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Additionally, advent of technologically enhanced radar systems such as Active Electronically Scanned Array (AESA) coupled with changing warfare tactics are also providing significant push to the growth of the global military radar market. Along with the major defense spenders in every region, the smaller countries are also undertaking modernization initiatives for installation of improved radar systems for their armed forces.

Synopsis

The Global Military Radar 2016-2026 report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for military radars, key market trends, and challenges faced by industry participants.

Key Findings

The market consists of five categories: airborne radar, ground-based radar, naval radar, space-based radar and sonar systems.

The market is expected to be dominated by airborne radar systems, which will account for 28% of the market, followed by ground-based, naval and sonar systems with shares of 25%, 20%, and 15% respectively.

The remaining 11% will be accounted for by spacebased radar systems.

North America is forecast to dominate the sector with a share of 36%, followed by Asia Pacific and Europe, with shares of 26% and 23% respectively.

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Reasons To Buy

1. Determine prospective investment areas based on a detailed trend analysis of the global military radar market over the next ten years

2. Gain in-depth understanding about the underlying factors driving demand for different military radar systems segments in the top spending countries across the world and identify the opportunities offered by each of them

3. Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others

4. Identify the major channels that are driving the global military radar market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion

5. Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global military radar systems market

6. Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top military radar providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available

Browse More Defense Related Market Research Reports:

• The Global Military Ammunition Market 2016-2026 – http://hexareports.com/report/the-global-military-ammunition-market-2016-2026/details

• Future of the Mexican Defense Industry To 2021 – http://hexareports.com/report/future-of-the-mexican-defense-industry-market-attractiveness-competitive-landscape/details

About Us:
Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe.We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Information:
Ryan Shaw
Hexa Reports
Felton Office Plaza,
6265 Highway 9,
Felton, California, 95018,
United States
Phone Number
1-800-489-3075
Email Us: [email protected]
Our Website: http://www.hexareports.com

Media Contact
Company Name: Hexa Reports
Contact Person: Michelle Thoras and Ryan Shaw
Email: Send Email
Phone: +1-800-489-3075
Address:Felton Office Plaza, 6265 Highway 9
City: Felton
State: California
Country: United States
Website: http://hexareports.com/report/the-global-military-radar-market-2016-2026/details

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