Radar Systems Market by Application (Defense, Commercial) and Frequency Band (L, X, C, S) and Region - Global Forecast to 2021

CHICAGO, August-07, 2019 /Aerospace/ -- 
The report "Radar Systems Market by Technology (CW Radars, Pulsed Radars), Application (Defense, Commercial), Range (Short, Long, Medium), Component (Antenna, Receiver, Transmitter), Frequency Band (L, X, C, S) and Region - Global Forecast to 2021", published by MarketsandMarkets, the market is expected to grow from USD 20.29 Billion in 2016 to USD 26.37 Billion by 2021, at a CAGR of 5.39% from 2016 to 2021.

Browse 95 market data Tables and 73 Figures spread through 182 Pages and in-depth TOC on "Radar Systems Market"

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Factors, such as increased usage of radar systems in unmanned vehicles and homeland security, are expected to drive the growth of the radar systems market.

The pulsed radars segment is estimated to lead the radar systems market in 2016 

The pulsed radar segment led the radar systems market in 2016. This growth can be attributed to the fact that pulsed radar systems aid in efficient and accurate object detection and estimation of its range.

Commercial is expected to be the fastest-growing segment of the radar systems market during the forecast period.

Based on application, the radar systems market has been segmented into defense and commercial. The commercial segment is expected to lead the radar systems market. This can be mainly attributed to the increasing demand for radars across various industries, such as automotive and oil & gas.

North America is projected to be the largest market for radar systems market. 

The North American region is projected to lead the Radar Systems Market, owing to various technological developments in radar systems and the presence of key players in the region. The Asia-Pacific radar systems market is expected to grow at the highest CAGR, due to disputes and unrest in some countries in the region, which has led to the increased procurement of surveillance systems. Countries such as China, India, and Japan have invested significantly in coastal surveillance and weather detection capabilities.

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Lockheed Martin Corporation is one of the key players in the radar systems market 

Lockheed Martin (U.S.), Rockwell Collins (U.S.), Saab Group (Sweden), BAE Systems (U.K.), Rheinmetall AG (Germany), and General Dynamics (U.S.) are among the key players operational in the radar systems market. Market share analysis has been carried out by tracking all the products of the key market players, their geographical presence, and recent developments.

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Military Radars Market | Developments in Solid State Electronics and Replacement of Obsolete Systems

Market NEWS: The Military Radars Market Is Projected To Grow From USD 12.63 Billion In 2016 To USD 15.42 Billion By 2022, At A CAGR Of 3.38% From 2017 To 2022.

 The objectives of this study are to analyze the military radars market, along with the statistics from 2017 to 2022, as well as to define, describe, and forecast the market based on dimension, range, platform, product type, component, frequency band, end user, application, and region. The year 2016 has been considered as the base year while 2017 to 2022 has been considered as the forecast period for this study on the military radars market.

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The military radars market is projected to grow from USD 13.06 Billion in 2017 to USD 15.42 Billion by 2022, at a CAGR of 3.38% from 2017 to 2022. Increasing defense expenditure for the development of air and missile defense systems, growing transnational disputes, and instabilities across the globe are major factors fueling the demand for military radars. The military radars market has been segmented based on platform, frequency band, range, product type, dimension, component, application, end user, and region.

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Based on platform, the military radars market has been segmented into land, airborne, and naval. The naval platform segment is estimated to account for the largest market share in 2017. The increasing use of various air defense systems, multi-function radars, and fire control radars is expected to drive the growth of the military radars market in naval platform during the forecast period.

Based on frequency band, the market has been segmented into VHF/UHF, L, S, C, X, and Ku/Ka/K bands. The X-band segment is estimated to account for the largest market share in 2017. The increasing use of various fire control radars and synthetic aperture radars in airborne, land, and naval systems has led to the growth in demand for radars working in the X-band frequency. Various ground surveillance radars operate in the X-band frequency for intruder detection.

Based on range, the long range segment is expected to lead the military radars market during the forecast period. The growing threat of attacks from intercontinental ballistic missiles across the globe is fueling the demand for long-range military radars.

Based on product type, the surveillance & airborne early warning segment is estimated to account for the largest market share during the forecast period. The increasing use of surveillance radars in air defense systems on land and naval platforms is leading to the growth in demand for these radars.

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