Air and Missile Defense Radar System Market Size To Expand at a Notable CAGR Of 7% During 2017 - 2023

Pune, India, March, 2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Air and Missile Defense Radar System Market. 

Air and Missile Defense Radar System Market Overview

An air and missile defense radar system is designed to provide exoatmospheric, and air defense and surface water capabilities. It also provides discrimination of ballistic missiles, multi-mission capabilities, and tracking, along with area and self-defense against air and surface threats. Various technological advancements in radar systems have helped different types of radars to detect and track unauthorized aircrafts, ships as well as land-based vehicles.

The demand for air and missile defense radar systems is witnessing rapid growth around the globe. This growth can be accredited to various factors such as a rising demand for advanced battlefield surveillance radars, proliferation of the automation industry, territorial conflicts, and a need for prevention from ballistic and stealth missiles. In addition, growth in investments for research and development related to air and missile defense radar system has propelled considerable growth in the global air and missile defense radar system market. The global AMDR system market has been projected to witness a 7% CAGR during the assessment period according to the latest report published by Market Research Future (MRFR).

The global air and missile defense radar system market is largely dependent on the expansion of multi-mission capabilities. The rise or fall in the demand for defense capabilities has a direct impact on the demand for air and missile defense radar system. Prevention from ballistic and stealth missiles is one of the primary factors driving growth to the market and have become more prevalent now. Therefore, the global air and missile defense radar system market is expected to grow hand in hand with the growth in the investment for research and development in the defense sector.

Segmental Analysis

The global air and missile defense radar systems market has been segmented on the basis of range, application, platform, and region. On the basis of range, the market is segmented into short, medium, and long. By application, the market is segmented into ballistic missile defense and conventional. The segment of ballistic missile defense is estimated to garner highest growth rate during the review period. On the basis of platform, the AMDR market has been segmented into land, naval and airborne. The land-based segment is projected to dominate the global market currently and is expected to continue doing the same during the forecast period due to widespread adoption land-based AMDR systems.Browse Complete Report Details @ https://www.marketresearchfuture.com/reports/air-missile-defense-radar-system-market-1594

Detailed

Regional Analysis

The global air and missile defense radar systems market has been regionally segmented into North America, South America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). The global AMDR systems market is expected to be dominated by North America in the foreseeable future due to a high demand for advanced air surveillance systems in the region. The Air and Missile Defense Radar (AMDR) program launched by the U.S. Military is one of the primary driving forces behind the air and missile defense radar systems market. Asia Pacific is estimated to follow North America for air and missile defense radar systems, garnering second highest growth rate during the forecast timeline.

Key Players

Some of the major players in the air and missile defense radar systems market include Airbus Group (Netherlands), Almaz-Antey (Russia), BAE Systems Inc. (U.K.),  Leonardo S.p.A (Italy), General Dynamics (U.S.), Israel Aerospace Industries Ltd. (Israel), Lockheed Martin Corporation (U.S.), Northrop Grumman Corporation (U.S.), Raytheon Company (U.S.), Reutech Radar Systems (South Africa), SAAB Group (Sweden), and Thales Group (France).

Industry Updates

February 2019: The U.S. Navy picked Raytheon to participate in a radar sense off competition, held at White Sands Missile Range, NM. This sense off is expected to decide the company that will pose as a multibillion-dollar replacement contract for Patriot Radar. Raytheon has revealed that its LTAMDS candidate is a new design, developed from scratch, to meet latest defense requirements.

February 2019: The Israeli Navy contracted ELTA Systems to provide 4 of the world’s most advanced radar systems for the new Sa’ar6 warships. The ELM-2248 MF-STARs multi-function digital radar systems are based on the latest Active Electronically Scanned Array (AESA) technology, which allows for faster threat-alert response time, as well as better accuracy.