Market Definition
Radar is an object-detection system that uses radio waves to determine the range, angle, or velocity of objects. It can be used to detect aircraft, ships, spacecraft, guided missiles, motor vehicles, weather formations, and terrain. Military radar is a radar system used for the detection of aircraft, ships, spacecraft, and guided missiles, and the tracking and identification of friendly and enemy forces.
Market Outlook
The key trends in military radar technology are miniaturization, portability, and increased accuracy. In the past, radar technology was large, bulky, and required a lot of power to operate.
Today, radar technology has been miniaturized to the point where it can be carried by an individual and operated with battery power.
This has made radar technology much more portable and easier to use in the field.
In addition, the accuracy of radar technology has been greatly improved, making it more effective for military applications.
Some of the key drivers of the military radar market include the increasing defense budgets of various countries, the need for advanced surveillance and detection capabilities, and the increasing demand for multi-role platforms.
The increasing defense budgets of various countries and the need for advanced surveillance and detection capabilities are the major factors driving the growth of the military radar market.
The North American region is estimated to lead the military radar market in 2021. The region is expected to maintain its dominance over the forecast period, owing to the presence of a large number of key players in the region and the increasing defense expenditure by the US government.
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Research Objectives
• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segmentation
The military radar market is segmented by services, applications, end-user, and region. By services, the market is classified into installation, support, training, and others. Based on the end-user, it is bifurcated into navy, army, airforce, and space. On the basis of application, it is divided into airspace monitoring, traffic monitoring, weapon guidance, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
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Major Players
The global military radar market includes players such as Northrop Grumman Corporation, BAE Systems PLC, Israel Aerospace Industries Ltd, Airbus Group, Lockheed Martin Corporation, Thales Group, Raytheon Company, General Dynamics, SAAB Group, Leonardo S.P.A., and others.
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Research Scope
• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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