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Cost-Effectiveness a New Strategic Asset for Players in Military Radar Market

  • Date Submitted: 06/07/2016 05:34 AM
  • Flesch-Kincaid Score: 38.3 
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Innovations and Developments in Radar Tech to Boost Global Military Radar Market

Radars are widely adopted by various sections of the military forces such as the army, the navy, and the air force. Military radars are used for locating ships and planes in case they are lost or during warfare and drill sessions. On the other hand, government bodies utilize radars to determine the possibility of natural calamities such as tsunamis and earthquakes, by helping to pinpoint the magnitude, the time, and the location of a calamity.

Military Radar Market Information:
http://www.transparencymarketresearch.com/military-radar-market.html

Military radars were also used for locating the missing Malaysian Airline Flight 370 which disappeared on after leaving Kuala Lumpur in March 2014. The demand for military radars is also expected to rise due to their ability to detect missile launches and determine if an approaching air craft is a friendly one or not. According to a report published by Transparency Market Research, the global military radar market is expected to reach US$8.44 bn by 2019; it was valued at US$6.90 bn in 2013 and will expand at a 2.9% CAGR from 2012 to 2019.

Raytheon’s All-seeing Radar Offering 360 Degree Coverage

The leading military radar manufacturers are Raytheon, Northrop Grumman Corporation, Lockheed Martin Corporation, BAE Systems, Saab Sensis Corporation, Terma A/S, ASELSAN Inc., Boeing, DRS Technologies, and Harris Corporation. Raytheon, a leading defense contractor, has spent over 17 years in developing new radar technology that is far more efficient and can handle more power than gallium arsenide. The new system produces much less radio noise while creating a long-range radar beam. Gallium-nitride is used in the new technology as it has a significant advantage over the previous techniques, comprising two back to back arrays such that it gets a full 360-degree coverage. This makes it useful when missiles or drones swarm from all four...

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