Global market players like Russia, Israel, and U.S. contributes 70% towards the global air and missile defense radar market.
(PRWEB) May 28, 2014
According to the new market research report "Air and Missile Defense Radar Market (by Land-Based Systems, Naval Systems and Airborne Systems) - Global Forecasts and Analysis to 2014 - 2020", Air and Missile Defense Radar Market is estimated to be $7.0 billion in 2014 and is expected to register a CAGR of 6.82% to Reach $10.40 billion by 2020.
Browse more than 59 market data tables with 12 figures spread through 164 pages and in-depth TOC on "Air and Missile Defense Radar Market".
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This report presents a complete market analysis of the global air and missile defense radar market over the next six years. It studies the factors driving the market, and the challenges the market is facing, with regards to the restraints impacting the growth of the radar market and its industry. It also discusses the industry trends, market trends, and the technology trends that are currently prevailing in the air and missile defense radar market.
Air-Defense Radars can detect air targets and determine their position, course, and speed in a relatively large area. The maximum range of Air-Defense Radar can exceed 300 miles, and the bearing coverage is a complete 360-degree circle. Traditionally, the air and missile defense radar were defined to provide surveillance support to the command center. But the role of the radar will change the nature of how the systems are used. The air and missile defense radar has gone through several development phases in the past and it is expected to change dramatically in the future. The research and development of air and missile defense radar will take 3-5 years to complete the process of research.
With respect to the air and missile defense radar platforms, airborne is sharing 25% of the market, Naval is 35% and Land-based is around 45%.
The report provides a complete picture of the global air and missile defense radar market and its market size over the next five years. It talks about the market share by different applications as well. It provides an understanding of the spending trends in the region and its analysis, tracks the market trend, and lays out the market size of the major defense markets in each region.
It talks about the leading competitors in the global air and missile defense radar market. Apart from a general overview of the companies, it also provides details on their financial position, key products, their unique selling points, and key developments.
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