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(Transportation-News.com, November 28, 2018 )
Stratview Research announces the launch of a new research report on Aerospace & Defense Radar Market by Platform Type (Ground, Airborne, Naval, and Others), by Application Type (Civil and Military), by Technology Type (CW Radar and Pulsed Radar), by Component Type (Antenna, Receiver, and Transmitter), by Band Type (X, S, C, L, K/Ku/Ka, and V/UHF), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022.
The Aerospace & Defense Radar Market: Highlights
The Aerospace & Defense Radar Market was valued at US$ 10,746 million in 2016 and is projected to grow at a healthy CAGR of 3.7% over the next five years to reach US$ 13,389 million in 2022. An upgrade of legacy radar systems, increasing the military expenditure of the developing economies such as India, the rise in the global commercial and regional aircraft deliveries, and increasing demand for Unmanned Aerial Systems (UAV) are the driving factors for the growth of radar market during the forecast period.
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The Aerospace & Defense Radar Market is segmented based on platform
type as ground-based, airborne, naval, and others. The ground-based segment is currently leading the market with the highest share in 2016. An increase in the defense budget of the developing economies, the insurgence of critical border security, and rise in the procurement of advanced technology-based radar systems for air traffic control are the major growth drivers for ground-based radar market. The airborne platform is likely to witness the highest growth over the next five years, owing to the rise in aircraft fleet and increasing demand for enhanced air-traffic-controlling equipment.
The component suppliers include companies, such as Arrow Electronics, Dy 4 Systems, Cablex Pty. Ltd., and Wesco Manufacturing. These components suppliers provide the components of radar systems to radar manufacturers. The key radar manufacturers are Lockheed Martin, The Raytheon Company, Northrop Grumman Corporation, Leonardo S.p.A., Israel Aerospace Industries, SAAB Group, BAE Systems Plc., and Thales Group. The end-users of the radar market include the defense departments, aviation departments, marine departments, NASA, and other space stations.
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Stratview Research
Ritesh Gandecha
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sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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