Detailed Description of Military Radar Market is available at:
Growing security concerns and the urge to become world super powers
has supported the growth of the market. The adoption of radar across
all defense forces such as the army, navy and air force has
additionally supported the growth of the market. The growing demand
for such systems can also be attributed to some of the natural
calamities that the world has seen so far. In natural calamities,
military radar systems help in determining the time and degree of an
earthquake or tsunami and thus help in saving lives. It also plays an
important role in determining the location of ships and planes during
warfare or drill sessions. During unforeseen circumstances such as
the disappearance of the Malaysian Airline, the radar plays an
important role in determining the location of plane or the debris.
The demand for military radar is also expected to increase as it
helps in target location, detect missile launches and determine
whether it’s a friendly air craft or not among others.
Geographically, North America held the largest share in the military
radar market in 2012. North America sanctions the highest budget for
its defense forces which helps boost the demand for radar in the
defense forces. The U.S. has one of the most powerful military forces
in the world. The countries in North America such as the U.S. and
Canada have invested significantly in the radar technology.
Sample Research Report of Military Radar Market is available at:
In 2012, North America is followed by Asia Pacific in terms of
geographical market share. The growth in the region is attributed to
the emerging nations such as China, India, South Korea and Japan
among others who are constantly strengthening their military forces.
Some of the countries in the Asia Pacific region face some serious
issues on the infiltration front which is also contributing to the
growth of the market. The market is also supported by the substantial
purchases of military radar systems made by the emerging nations.
Due to intense rivalry military radar market is oligopolistic in
nature where top 5 players constitute 54% of the market. Lockheed
Martin Corporation, Northrop Grumman Corporation, Raytheon, BAE
Systems, Boeing, Harris Corporation, Saab Sensis Corporation, Terma
A/S, ASELSAN Inc., and DRS Technologies among others are some of the
key players in the military radar market.
Brochure for the Market Report is available at:
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