Global Radar Market to Reach $5.5 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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Technological advancements are propelling the latest radar systems market worldwide. Radar capabilities are boosted further by progress in electronic and digital technology. Active Electronically Scanned Array (AESA) and other recent advancements are attracting most of the leading militaries worldwide.

Radars: A Global Strategic Business Report

Global radar market is projected to surpass $5.5 billion by 2015. North America represents the largest market for radars, while Asia-Pacific represents the fastest growing radars market. Radars for naval surveillance market represent the largest and the fastest growing end-use segment. Radars for Land based surveillance are projected to retain its position as the largest end-use segment through 2011, falling behind naval surveillance market in 2012.

Modernization programs in the defense sector constitute a key stimulant for growth in the market for air ISR radar in Asia-Pacific. The programs would involve replacement of old technologies with sophisticated airborne radar technology including active electronically scanned array (AESA) that offers better coverage as against mechanically scanned array and passive electronically scanned array (PESA). Developed Asia-Pacific countries have begun adopting AESA radars, with some earmarking funds for radar technology development locally.

Airborne radar makers are under immense pressure owing to lack of certainty in procurement volume for advanced front-line combat aircraft along with anticipated limited orders for airborne early warning and control (AEW&C) and fixed-wing surveillance, post 2014. Radars featuring SAR as well as inverse-SAR (ISAR) abilities have become an integral part of almost all relevant platforms. The trend is expected to continue on helicopters, large specialized platforms and fighter aircraft. Active electronically scanned array (AESA) radar, a SAR capability enabled radar, is expected to offer strong growth potential in the coming years.

These and other market data and trends are presented in "Radars: A Global Strategic Business Report" published by Global Industry Analysts, Inc. This GIA report discusses the prevailing trends, issues, demand forecasts, and activities that affect the industry. The study analyzes the global radar market in US$ million for the following geographic regions - North America, Japan, Europe, Asia-Pacific (excluding Japan), and Rest of World; and end-use segments - Land Based Surveillance, Air Defense Surveillance, Naval Surveillance, Air Traffic Control, and Weather Surveillance. Analytics for the period 2001-2015 provide a comprehensive understanding of the market.

Dominant global forces profiled in the report include BAE Systems Plc, DRS Technologies, Inc., European Aeronautic Defence and Space Company EADS N.V., Euroradar Consortium, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, MEADS International, Northrop Grumman Corporation, Raytheon Company, Rockwell Collins, Thales Group, and The Boeing Company among several others. The study enumerates recent developments, mergers, acquisitions, and other strategic industry activities, and is an easy guide to What, Why, When, How, Where, and Who of the industry.

For more details about this research report, please visit http://www.strategyr.com/Radars_Market_Report.asp.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press (at) StrategyR (dot) com
Web Site http://www.StrategyR.com

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