Air and Missile Defense Radar Market Worth 12.52 Billion USD by 2021
Air and Missile Defense Radar Market by Range (Short, Medium, Long & Strategic System), Application (Ballistic Missile Defense, Conventional), Platform (Ground Based, Naval, Airborne) & by Region - Global Forecast to 2021
Air and Missile Defense Radar Market by Range (Short, Medium, Long & Strategic System), Application (Ballistic Missile Defense, Conventional), Platform (Ground Based, Naval, Airborne) & by Region - Global Forecast to 2021
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<strong>Market</strong>s<strong>and</strong><strong>Market</strong>s<br />
<strong>Air</strong> <strong>and</strong> <strong>Missile</strong> <strong>Defense</strong><br />
<strong>Radar</strong> <strong>Market</strong><br />
worth $<strong>12.52</strong> <strong>Billion</strong><br />
<strong>by</strong> <strong>2021</strong><br />
<strong>Air</strong> <strong>and</strong> <strong>Missile</strong> <strong>Defense</strong> <strong>Radar</strong> <strong>Market</strong><br />
Range & Application - 2020<br />
May 2016
<strong>Air</strong> <strong>and</strong> <strong>Missile</strong> <strong>Defense</strong> <strong>Radar</strong> <strong>Market</strong> worth <strong>12.52</strong> <strong>Billion</strong> <strong>USD</strong><br />
<strong>by</strong> <strong>2021</strong><br />
The report "<strong>Air</strong> <strong>and</strong> <strong>Missile</strong> <strong>Defense</strong> <strong>Radar</strong> <strong>Market</strong> <strong>by</strong> Range (Short, Medium, Long &<br />
Strategic System), Application (Ballistic <strong>Missile</strong> <strong>Defense</strong>, Conventional), Platform (Ground<br />
Based, Naval, <strong>Air</strong>borne) & <strong>by</strong> Region - Global Forecast to <strong>2021</strong>", The air <strong>and</strong> missile defense<br />
radar (AMDR) market is estimated to be valued at <strong>USD</strong> 8.79 <strong>Billion</strong> in 2016 <strong>and</strong> is projected to<br />
reach <strong>USD</strong> <strong>12.52</strong> <strong>Billion</strong> <strong>by</strong> <strong>2021</strong>, at a CAGR of 7.34% from 2016 to <strong>2021</strong>.<br />
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Browse 89 market data Tables <strong>and</strong> 75 Figures spread through 193 Pages <strong>and</strong> in-depth TOC on<br />
"<strong>Air</strong> <strong>and</strong> <strong>Missile</strong> <strong>Defense</strong> <strong>Radar</strong> <strong>Market</strong> - Global Forecast to <strong>2021</strong>"<br />
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Ground-based radar segment expected to be the major contributor to the overall AMDR<br />
market<br />
Ground-based AMDRs are used to get real-time information in warfare situation. They are used<br />
along with airborne, naval, <strong>and</strong> satellite platform radars for target integration. It is a missile<br />
detection radar, positioned on the ground <strong>and</strong> is used for air defense through ground-controlled<br />
interception, comm<strong>and</strong> guidance, along with ground-directed bombing, air traffic<br />
control, instrument l<strong>and</strong>ing systems, <strong>and</strong> radar bomb scoring. <strong>Defense</strong> budget cuts in developed<br />
economies shifted the focus towards automation, <strong>and</strong> miniaturization of military radar system.<br />
Ongoing war against ISIS in Syria, Al-Qaeda in Afghanistan, <strong>and</strong> conflicts in the Crimean<br />
Peninsula are driving the dem<strong>and</strong> for ground-based military radar.<br />
Long range <strong>and</strong> strategic system segment to register the highest growth<br />
Long range <strong>and</strong> strategic system AMDR market is expected to dominate the AMDR market during<br />
the forecast period. These system have range up to 100 kilometers, while strategic systems are used<br />
for the range more than 100 kilometers. These systems are used against conventional <strong>and</strong> ballistic<br />
missile targets. LRSAM is an example of long range AMDR system. High dem<strong>and</strong> for ballistic<br />
missile defense system is expected to drive the market for long range <strong>and</strong> strategic system AMDR<br />
market. Joint efforts from the U.S. <strong>and</strong> South Korean government to develop the missile defense<br />
system in South Korea, similarly, India <strong>and</strong> China’s efforts towards the development of indigenous<br />
missile defense system is expected to drive the AMDR market. Nevertheless, disputes between<br />
countries in the Asia-Pacific <strong>and</strong> the Middle East are expected to drive the market for short range<br />
AMDRs.<br />
Asia-Pacific region to witness highest growth in AMDR market during the forecast period
In 2016, Asia-Pacific is expected to have the third largest share in the global AMDR market with<br />
the highest CAGR during the forecast period. Existence of inter-country conflict over the disputed<br />
area of South China Sea is a major factor that compelling the authorities to increase naval<br />
surveillance capabilities in the affected region. Border issues among countries is making them to<br />
strengthen their defense system, which is driving the market for AMDRs.<br />
On the other h<strong>and</strong>, the Brazilian Army is also spending huge amounts over sensors <strong>and</strong> remote<br />
sensing <strong>and</strong> comm<strong>and</strong> & control systems for defense that is driving the radar market in the country.<br />
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The key global players in the AMDR market are Lockheed Martin Corporation (U.S.), Northrop<br />
Grumman Corporation (U.S.), Raytheon Company (U.S.), SAAB Group (Sweden), <strong>and</strong> Thales<br />
Group (France).<br />
The report provides a detailed information <strong>and</strong> forecasts the AMDR market on the basis of<br />
platform (ground-based, naval-based, <strong>Air</strong>borne), application (ballistic missile defense,<br />
conventional), range type (long range & strategic systems, medium range, short range), <strong>and</strong><br />
geographic regions (North America, Europe, Asia Pacific, Middle East & Africa, Rest of the<br />
World).<br />
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