Military Radar Market

Transparency Market

Research

Military Radar Market - Global Industry Analysis, Size,

Share, Growth, Trends and Forecast, 2013 – 2019

Published Date

2014-06-03

104 Page Report

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Military Radar Market

REPORT DESCRIPTION

Military Radar Market - Global Industry Analysis, Size, Share, Growth, Trends

and Forecast, 2013 – 2019

According to a new market report published by Transparency Market Research “Military Radar

Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” the

market is expected to reach a value of USD 8,440 million by 2019, growing at a CAGR of 2.9%

from 2013 to 2019. Growing demand of radar based systems in military forces such as the army,

navy, air force and also in space based programs conducted by the defense forces has led to the

increase in demand of military radar. North America was the largest contributor in the military

radar market and accounted for the highest share in 2012.

Browse the full Military Radar Market report at

http://www.transparencymarketresearch.com/military-radar-market.html

There are several types of radar systems used in the military such as ground based, naval, air

force and space based. In 2012 ground based accounted for the highest share with a percentage

share of 33.5%. This is because many of the wars or conflicts are fought on land and to combat

such threats land based radar systems are being upgraded. The air borne segment is expected to

grow at the highest CAGR of 3.1% from 2013 to 2019. This growth is primarily attributed to the

growing advancements in warfare technology and increasing demand of aircrafts and fighter jets.

Geographically, North America held the largest market share in...