Global Military Radar Market to Increase to $15.7B by 2025


Reading time ( words)

Research and Markets has announced the addition of the "The Global Military Radar Market 2015 - 2025" report to their offering.

During the forecast period the demand for military radar equipment is anticipated to be driven by increased spending on innovative technologies, growing use of radar systems, and increasing demand for early detection and situational awareness. Airborne, ground-based, and naval radars are expected to account for the top three largest shares of the global military radar market over the forecast period.

The report offers a detailed analysis of the industry with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for Military Radar, key market trends, and challenges faced by industry participants.

Key Findings:

  • The global military radar market is expected to be worth US$13.1 billion in 2015 and is expected to increase to US$15.7 billion by 2025, representing a CAGR of 1.81% during the forecast period
  • The market is expected to be dominated by North America, occupying 38.5% of the market share, followed by Asia-Pacific and Europe. Middle East, Latin America, and Africa are expected to account for the remaining 13.4% of the overall market
  • The airborne radar market is estimated to account for 35.6% of the global military radar market. Ground-based and naval radars are also expected to account for a significant portion of the total military radar market during the forecast period, with shares of 27.3% and 17.2% respectively
  • Sonar and Space based radars combine will account for the remaining 19.8% of global military radar expenditure

Share

Print


Suggested Items

Worldwide Semiconductor Equipment Billings at $13.3 Billion in 2Q19; Down 20%

09/12/2019 | SEMI
Worldwide semiconductor manufacturing equipment billings reached $13.3 billion in the second quarter of 2019, down 20% from the same quarter of 2018 and 3% from than the previous quarter.

Uncertainties in the Market Rise while a Bounce in NAND Flash Prices Remains Unlikely in 3Q

06/20/2019 | TrendForce
According to the latest investigations by DRAMeXchange, a division of TrendForce, demand for smartphones and servers go below expected levels in 2019 as the US-China trade dispute heats up.

Telecom (Compute and Storage) Infrastructure Market to Reach $16.35B in 2022

09/03/2018 | IDC
A new forecast from IDC sizes the market for compute and storage infrastructure for Telecoms at nearly $10.81 billion in 2017. However, as Telecoms aggressively build out their infrastructure, IDC projects this market to see a healthy five-year compound annual growth rate (CAGR) of 6.2% with purchases totaling $16.35 billion in 2022.



Copyright © 2020 I-Connect007. All rights reserved.