(PRWEB) June 01, 2014
According to the new market research report "Security and Surveillance Radar Market (Land Systems, Airborne Systems, and Naval Systems) - Global Forecasts and Analysis to 2014 - 2020", Security and Surveillance Radar market are estimated to be $6.08 billion in 2014 and are expected to register a CAGR of 5.97% to reach $8.61 billion by 2020.
Browse more than 93 market data tables with 47 figures spread through 161 pages and in-depth TOC on "Security and Surveillance Radar Market".
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Radar Systems exist in various base applications like the Airspace Surveillance Radar, the Marine Surveillance Radar, and the Ground Surveillance Radar. With multiple parallel processors, the radar can operate as a multi-functional system to provide all application functionality from a single radar network. The security and surveillance radar systems use state-of-the-art, solid-state Doppler radar technology developed specifically for detection of low RCS targets in high clutter environments in target optimized S-band, X-band and combined S/X-band radar frequencies.
With respect to platforms, airborne radar systems account for 35%, naval 32%, and land-based systems 33% of the security and surveillance radar market. Airborne systems have the highest CAGR across all platforms.
The main purpose of Security and Surveillance Radar is detection and tracking of small, non-cooperative, low radar-cross section, non-linearly moving targets for security and surveillance applications. Air defense and surveillance radars can be used for airspace, marine, and ground security applications to monitor a wide range of targets including aircraft, ultra lights, unmanned aerial systems, helicopters, ships, boats, vehicles, and pedestrians.
The U.S. and Western European countries will cut down their spending in the security and surveillance radar market. Security and surveillance radar systems will have a higher impact in the market. Military surveillance radars are evolving rapidly and will continue to do so in the forecasted period. Security and surveillance radar systems in all applications will play a major role in combat warfare.
There is a slight decline in the security and surveillance radar market. This decline is not due to the defense budget cuts in European countries and the U.S., but because of a rather significant growth in other regions like Asia-Pacific and the Middle East.
Airborne radar systems will have the highest CAGR across all platforms and will account for 35% of the total security and surveillance radar market in the forecasted period.
It throws light on the leading competitors in the global Security and Surveillance Radar Market. Apart from the general overview of the companies it also focuses upon their financial position, key products, and markets.
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