Global X-Band Radar Market Forecast

Bharat Book Bureau provides the report, on “Global X-Band Radar Market Forecast”. https://www.bharatbook.com/defence-security-market-research-reports-692817/x-band-radar-application-type-region-global-forecast.html This Report replacement of legacy systems resulting in the automation of radar systems.

Bharatbook.com announces a report on “Global X-Band Radar Market Forecast”. This report key applications considered for the market study are government, defense and commercial.

The X-band radar market is projected to grow at a CAGR of 4.1% during the forecast period

The X-band radar market is estimated to be USD 4.58 billion in 2016 and is projected to reach USD 5.61 billion by 2021, at a CAGR of 4.1% between 2016 and 2021. The emergence of electronic and network centric warfare, replacement of legacy systems resulting in the automation of radar systems, territorial conflicts and geopolitical instabilities in the Middle East and Asia-Pacific regions, and sea-based X-band radars are driving the demand for the X-band radar across the globe.

Defense application of the X-band radar to capture the largest share in the X-band radar market

The key applications considered for the market study are government, defense and commercial. The X-band radar market is dominated by the defense application segment during the forecast period. It has been witnessed that most of the nations are giving immense importance to border security in recent years. Increased investments by various governments in the defense sector have led to the rapid growth of the X-band radar market in the defense application.

North America to dominate the X-band radar market and APAC to grow at the highest rate

North America is estimated to capture the largest market share in the overall X-band radar market in 2016. North America-based key players, such as The Raytheon Company (U.S.) and Northrop Grumman (U.S.) operating in the X-band radar market have prompted the improvement of the latest radar...