North America Air and Missile Defense Radar Market is Expected to Reach $2.7 Billion in 2020 - New Report by MicroMarket Monitor

Air and missile defense radars are used as early-warning devices, which can detect the approaching enemy’s aircraft or missiles from great distances. http://www.micromarketmonitor.com/market/north-america-air-and-missile-defense-radar-2050888716.html.

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MicroMarket Monitor

MicroMarket Monitor

Key players in the North America Air and Missile Defense Radar Market are Northrop Grumman Corp, Saab Ab, Lockheed Martin, Rockwell Collins, Thales Sa, Exelis Inc., Honeywell International Inc., Finmeccanica Spa & others.

(PRWEB) July 24, 2014

The North American air and missile defense radar market is estimated to be $1.6 billion in 2014, and is expected to register a CAGR of 8.22% to reach $2.7 billion in 2020. The U.S. has been the biggest market for the air and missile defense radar system. However, in the recent economic scenario, the U.S. market has witnessed budget cuts as well.

Browse through the TOC of the North American air and missile defense radar market report, to get an idea of the in-depth analysis provided. This report also provides a glimpse of the segmentation in the North American air and missile defense radar market, and is supported by various tables and figures.

http://www.micromarketmonitor.com/market/north-america-air-and-missile-defense-radar-2050888716.html

Air and missile defense radars are used as early-warning devices, which can detect the approaching enemy’s aircraft or missiles from great distances. These radar systems form a defensive position in the form of anti-aircraft artillery (AAA), missiles, or fighter planes. The systems must be readily available at any point in time to repel an attack.

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The sub-segment of the air and missile defense radar market is differentiated by platform segments namely, airborne, naval and land-based air, and missile defense radar systems. It provides information and in-depth knowledge about the trends in these three platforms sub-segments, and also provides information about top spenders in the air and missile defense radar market.

The air and missile defense market is a technology driven market. However, though the current systems are tested successfully by the market players, their real-time deployment in war zones is limited.

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This report also includes the market share, supply chain and value chain analyses, besides market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.

Related Reports:

Europe Air and Missile Defense Radar Market
The main purpose of air and missile defense radar (AMDR) systems is to provide volume search, tracking, precision tracking, missile communication, horizon search and terminal search identification of air and missile targets. The air and missile defense system consists of two primary radars and a radar suite controller which coordinates the sensors.

The European AMDR systems market is estimated to be $1.20 billion in 2014 and is expected to register a CAGR of 8.06% and reach $2.07 billion by 2020. The continued requirement for larger radar foot prints and the evolving nature of warfare across Europe will be the driving forces of the market. Increasing missile threats and growing technological trends in ballistic missile systems are the key growth factors in the market.

The air and missile defense radar systems classification is based on applications and regions. In the application segment, the system is differentiated into three sectors, namely, airborne, naval, and land-based application. The naval application has the highest market value and is estimated to increase compared to the other applications. The investments in missile defense programs are currently increasing and this trend is expected to continue in the near future.
http://www.micromarketmonitor.com/market/europe-air-and-missile-defense-radar-7891778404.html

Asia-Pacific Air and Missile Defense Radar Market
The main purpose of air and missile defense radar (AMDR) systems is to provide volume search, tracking, precision tracking, missile communication, horizon search and terminal search identification of air and missile targets. The air and missile defense system consists of two primary radars and a radar suite controller which coordinates the sensors.

The Asia-Pacific AMDR systems market is estimated to be $1.99 billion in 2014 and is expected to register a CAGR of 5.53% and reach $2.09 billion by 2020. The continued requirement for larger radar foot prints and the evolving nature of warfare across Asia-Pacific will be the driving forces of the market. Increasing missile threats and growing technological trends in ballistic missile systems are the key growth factors in the market. The air and missile defense radar systems classification is based on applications and regions. In the application segment, the system is differentiated into three sectors, namely, airborne, naval, and land-based application.

The naval application has the highest market value and is estimated to increase compared to the other applications. The investments in missile defense programs are currently increasing and this trend is expected to continue in the near future.
http://www.micromarketmonitor.com/market/asia-pacific-air-and-missile-defense-radar-1368567307.html

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