North America Security and Surveillance Radar Market is Expected to Reach $2030 million in 2019 - New Report by MicroMarket Monitor
(PRWEB) July 27, 2014 -- The North American security and surveillance radar market under defense aviation is estimated at $1570 million in 2014, and it is expected to reach $2030 million by 2019 at a CAGR of 4.64%. The report incorporates the factors that influence a country’s expenditure on radars. It provides detailed expectations of growth rates and projected total expenditure. The report also throws light on the leading competitors in the global markets. Apart from the general overview of the companies, it focuses on their financial position, key products, and market share.
Browse through the TOC of the North America security and surveillance radar market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the North America security and surveillance radar market, and is supported by various tables and figures.
The encouragement of coastal surveillance radar network in the waters around the Dutch Caribbean, it is projected to drive the region’s growth opportunities for security and surveillance radars, which are largely used for search, rescue, and drug interdiction. Despite the failure of missile radar systems in the past, which hammered the future funding development of new secondary radar systems, the North American region is expected to remain at the top radar defense spender during the forecast period.
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The security and surveillance market is segmented on the basis of platform and application. Platforms included in this report are airborne, land-based, and maritime whereas the applications are civil and defense.
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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 Security and Surveillance Radar Market
The main purpose of security and surveillance radar systems is to detect and locate hostile targets in military actions, as well as in commercial aviation. The application of radar is also used in military purposes, such as weather detection and navigation.The European security and surveillance radar market is estimated at $1,290.0 million in the year 2014, to grow at 6.16% annually. It is projected to reach $1,800.0 million by the end of 2019. The instability in Western Europe is aggravating the demand for military equipment such as submarines, command and control systems, tactical helicopters, mobile artillery-hunting radar systems, and next-generation Gripen aircraft loaded with surveillance radars, despite the political challenges faced by the security and surveillance radar market.
http://www.micromarketmonitor.com/market/europe-security-and-surveillance-radar-6045035386.html
Asia-Pacific Security and Surveillance Radar Market
The main purpose of security and surveillance radar systems is to detect and locate hostile targets in military action, as well as in commercial aviation. The application of radar is also used in other purposes, such as weather detection and navigation.The Asia-Pacific security and surveillance radar market was estimated at $1,160.0 million in 2013, to grow at 7.7% annually. It is projected to reach $1,810.0 million by the end of 2018. The potential of civil security is not limited to defense, as companies are now spending on UAVs, civil helicopters, and multi-mission aircraft, which are used for civil security air surveillance. Border and coastal security has now become the most important and significant field of investment to enhance the national security infrastructure.
The Asia-Pacific security and surveillance radar market can be segmented on the basis of platform and country. The platform segment is further classified into airborne and maritime surveillance radar, ground penetrating radar, coastal security radar, and weather and navigation radar. Among the application segment, the defense application dominates the market with a high market value. Key players in Security and Surveillance Radar market include ATC Global, Northrop Grumman, Exelis, SAAB, Scanter, Rockwell Collins, Honeywell International, Thales Group, and Lockheed Martin.
http://www.micromarketmonitor.com/market/asia-pacific-security-and-surveillance-radar-8445958787.html
Latin America Security and Surveillance Radar Market
The main purpose of security and surveillance radar systems is to detect and locate hostile targets in military actions, as well as in commercial aviation. The application of radar is also used in military purposes, such as weather detection and navigation.The South American security and surveillance radar market was estimated at $250.0 million in the year 2013, to grow at 7.2% annually. It is projected to reach $360.0 million by the end of 2018. The potential of civil security is not limited to defense, as companies are now spending on UAVs, civil helicopters, and multi-mission aircraft which are used for civil security air surveillance. Border and coastal security has now become the most important and significant field of investment to enhance the national security infrastructure.
The South American security and surveillance radar market can be segmented on the basis of platform and country. The platform segment is further classified into airborne and maritime surveillance radar, ground penetrating radar, coastal security radar, and weather and navigation radar. Among the application segment, the defense platform dominates the market with a high market value. Key players in Security and Surveillance Radar market include ATC Global, Northrop Grumman, Exelis, SAAB, Scanter, Rockwell Collins, Honeywell International, Thales Group, and Lockheed Martin.
http://www.micromarketmonitor.com/market/south-america-security-and-surveillance-radar-3064379300.html
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