Military Radar Market - Global Industry Analysis, Growth, Trends, Forecast 2019

Transparency Market Research has recently published a research report about the global military radar market. This research report, titled “Military Radar Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” details the key elements of the market such the strengths, weaknesses, opportunities, and threats with the help of SWOT analysis. Furthermore, the research report also highlights the threat of new entrants, the threat of substitute products or services, the bargaining power of customers, the bargaining power of suppliers, and the intensity of competitive rivalry with the help of Porter’s five forces analysis.

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According to the research report, the global military radar market stood at US$6.9 bn in 2012 and is anticipated to reach US$8.4 bn by 2019, registering a CAGR of 2.90% between 2013 and 2019. According to the analysts, the key growth driver for the global military radar market is the mounting pressure for increasing national security on the majority of countries across the globe. Furthermore, this market is also being fueled by the ambition of emerging economies to achieve the goal of becoming superpowers. The increasing adoption of radar technologies in all areas of defense such as naval warfare, air, and land is also expected to propel this market in the coming years.

The global military radar market has been segmented on the basis of the type of military radars and geography. The types of military radars in the market are ground-based, naval, airborne, and space-based. Geographically, this market is segmented into North America, Europe, Asia Pacific, and Rest of the World.

Geographically, North America led the global military radar market in 2012 due to the rising threat of terrorism. Asia Pacific follows the North America military radar market closely due to the significant development of military and...