Business Services News

Business Services News

Breaking News on Business Services

Home > Business Services Search Engine                                 

Business Services News -- Video Feeds
  • Advertising
  • Careers
  • Corporate news
  • Economy
  • Markets
  • Small Business
  • Personal Finance
  • Regulatory and Compliance
  • Business News

    Military Radars Market is booming due to rising in the defense spending of emerging economies
     



    (I-BusinessNews.Com, September 29, 2021 ) According to the new market research report "Military Radars Market by Component (Transmitter, Digital Signal Processor), Platform (Land, Naval, Airborne, Space), Technology (SDR, Quantum, Conventional), Waveform (FMCW, Doppler), Application, Type, Frequency Band, & Region - Global Forecast to 2025", The military radars market is projected to grow from USD 14.0 billion in 2020 to USD 17.4 billion by 2025, at a CAGR of 4.4% during the forecast period. Increasing threats from high-speed missiles and aircraft have led to an increase in demand for surveillance and fire control radars. Rise in the defense spending of emerging economies, growing regional tensions, and an increasing number of inter-country conflicts are major factors driving the military radars market. The increasing deployment of ballistic and stealth missiles in active war zones has also led to a significant increase in the demand for military radars across the globe. Other applications of military radars include airborne fire control, surveillance activities, ground mapping, and coastal surveillance. The use of military radars in all these applications is fueling the growth of the military radars market, globally.



    Download PDF Brochure @

    https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=51422570



    Based on the application, the air & missile defense segment is expected to lead the military radars market share during the forecast period.



    Ongoing modernization programs in airspace monitoring in Asia Pacific region, activities such as sea-based military operations, drug trafficking, illegal migrations, demand for early warning threat detection systems, continuous demand for mine detection systems and equipment by US military to tackle conflicts in the Middle East and Asia Pacific will drive the market for air & missile defense radars, globally.



    Under Platform segment, Naval subsegment is estimated to be the largest and fastest-growing market



    The naval platform is estimated to be the largest and fastest-growing segment in the military radars market. The growth of this segment can be attributed to Increased efficiency and higher accuracy of ship-based naval radar systems drive this segment. The demand for effective weapon guidance systems for naval ships is boosting the growth of ship-based naval radars. Increasing investments by the Asian countries for the development of ship-based radar systems is further propelling the industry growth. More than half of the global shipbuilding activities are conducted in countries such as China, Japan, and South Korea will drive the market for naval radars.



    Based on the product type, the surveillance and early airborne warning radar segment is expected to lead the military radars market share during the forecast period.



    The surveillance and early airborne warning radar segment is estimated to have the largest market share by value. Ongoing military modernization, replacement of obsolete radars, and introduction of digital signal processing and solid-state modules are additional factors expected to drive the surveillance and early airborne warning radars market during the forecast period. The demand for technologically advanced early airborne warning radar systems is increasing as various major manufacturers from developed countries are developing carefully-shaped fighters which leads to a significant reduction in its detection range.



    Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), Israel Aerospace Industries (Israel), Thales Group (France), and Leonardo S.P.A. (Italy) are some of the leading players operating in the military radars market.



    Ask for Sample Report @

    https://www.marketsandmarkets.com/requestsampleNew.asp?id=51422570



    About MarketsandMarkets™



    MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.



    MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

    MarketsandMarkets™

    Mr. Aashish Mehra

    1-888-600-6441

    sales@marketsandmarkets.com

    Source: EmailWire.Com

    Source: EmailWire.com

    Business News Feeds
  • Business News - Top Stories
  • Company Earnings
  • Economy
  • Personal Finance
  • Real Estate
  • Stock Markets
  • Business Services Sponsors

    Business Services Ads

    Business Resource Center
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    CIO Insight
    Managed Healthcare Executive
    Mortgage Technology

    No credit cards, coupons, or promo codes required. Try it today!

    Press release service

    :: Home: :: Submit Press Release :: Subscribe to News :: Contact Us :: Help

    For unlimited press release distribution for $59 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.

    Copyright 2008 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    I-BusinessNews.Com is a business news service of GroupWeb Media LLC