Global Military Radar Market 2016-2026 Report Competitive Analysis on Military Radar Market

The Global Military Radar Market 2016-2026 Research Report is a 149 pages report that analyses the important areas in the market - Order report by calling ReportsnReports.com at [phone] OR send an email on [email protected] with Military Radar Market in subject line and your contact details. Summary The demand for military radars in the global market is expected to be primarily driven by the growing importance of unmanned platforms and modernization of existing military radar systems. Additionally, advent of technologically enhanced radar systems such as Active Electronically Scanned Array (AESA) coupled with changing warfare tactics are also providing significant push to the growth of the global military radar market. Along with the major defense spenders in every region, the smaller countries are also undertaking modernization initiatives for installation of improved radar systems for their armed forces. Key Findings The global military radar market, valued at US$15.5 billion in 2016, is projected to grow at a CAGR of 1.84% over the forecast period, to reach US$18.6 billion by 2026 and cumulatively value US$167.6 billion. The market consists of five categories: airborne radar, ground-based radar, naval radar, space-based radar and sonar systems. The market is expected to be dominated by airborne radar systems, which will account for 28% of the market, followed by ground-based, naval and sonar systems with shares of 25%, 20%, and 15% respectively. The remaining 11% will be accounted for by space based radar systems. North America is forecast to dominate the sector with a share of 36%, followed by Asia Pacific and Europe, with shares of 26% and 23% respectively. Buy a Copy of Report @ http://www.reportsnreports.com/purchase.aspx?name=779578 Synopsis The Global Military Radar Market 2016-2026 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 radars, key market trends, and challenges faced by industry participants. Global Military Radar Market 2016-2026 Research Report