Military Radars Market worth 13.04 Billion USD by 2020 Military Radars Market | Page 2

Military Radars Market worth 13.04 Billion USD by 2020
The global military radars market was valued at USD 11.02 Billion in 2015 and is projected to
reach USD 13.04 Billion by 2020, at a CAGR of 3.42% from 2015 to 2020.
Increased concerns towards airborne fire control, surveillance, ground mapping, early warning,
air traffic control (ATC) SAM guidance, and so on are driving the demand for military radars across
the globe.
The weapon guidance systems capture the largest share in radar application segment in the
global military radars market. Active and passive guidance needs of military radar and demand for
precision guidance systems is expected to drive the weapon guidance application of military
radars market.Islandic disputes in South China Sea, piracy, and terrorism issues are expected to
drive the surveillance application of military radars market.
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Ground Based radars segment is expected to be the major contributor to the overall
military radars market
Ground-based radars systems are capable to get real-time information in warfare situations.
To locate unexploded ordinance and tunnels, ground-based system is very effective.
Movement near exterior walls, critical infrastructure, and building can be traced using
ground-based systems.
Ground-based radars are used along with airborne, naval, and satellite platform radars for
target integration. Ongoing war against ISIS in Syria, Al-Qaeda in Afghanistan, and conflicts in
Crimean peninsula are driving the demand for ground-based military radars.
The base year considered for this study is 2014 and the projections are made up to 2020.
Radars play a vital role in the defense industry. Generally, the radar antennas mounted at
airports or other ground stations are used to detect approaching enemy airplanes or missiles.
For instance, the U.S. has a very elaborate Ballistic Missile Early Warning System (BMEWS) to
detect incoming missiles.