Market Analysis Report Military Radar Systems Market

Your Catalyst to a Lucrative Business
Military Radar Systems Market Share, Size,Growth, Key Players,
Outlook and Forecasts to 2024 | Hexa Research
“ The global military radar systems market to reach USD 14.46 billion by
2024.”
04 January 2019
The global military radar systems market to reach USD 14.46 billion by 2024, driven by the rising need for
improving safety and security on the borders and rising conflicts among neighboring nations. North America
was the largest regional market commanding the highest revenue share in 2016 and is expected to maintain
its dominance over the forecast period.
The region is home to many active vendors such as Raytheon Company and Northrop Grumman Corporation
in the defense market at large. Rise in investment activities, especially in developing countries such as China
and India to strengthen their armies is expected to boost the military radars systems market over the
forecast period.
The ground-based radar platform dominated the market owing to its uses and applications in surveillance and
weapon guidance. The segment is expected to continue to dominate the market over the forecast period as
well. Airborne radars are widely used for guiding missiles and for tracing accurate and precise targets. Naval
radars are expected to follow a similar growth trajectory with an expected increase in demand over the
forecast period.
Growing safety and security concerns with the nations along with rising investments and defense budgets are
expected to spur growth in military radar systems market. Technological advancements in the military radar
Follow Us: