Global Military Radar Market Expected to Reach $14 billion by 2025

Research and Markets has released its new report highlighting the global military radar market analysis and trends till 2025. According to their forecast, the Global Military Radar Market is poised to grow at a CAGR of around 9.1% over the next decade to reach approximately $14.15 billion by 2025.

Some of the prominent trends that the market is witnessing include growing demand for ballistic missiles and air and missile defense systems from the defense sector and a rising need for multi-function radars.

The report focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.

The report segments the radar market by bands, applications and platforms.

Bands: Based on the band type the market is categorized into S & L band radars, X & KU band radars and other band types.

Applications: Depending on the application, the market is segmented by surveillance military radar and weapon guidance system military radars.

Platform: By platform, the market is classified into air borne, ground-based, space-based and naval based.

Some Highlights of the Report Include:

  • Provides a detailed analysis on current and future market trends to identify the investment opportunities.
  • Market forecasts till 2025, using estimated market values as the base numbers.
  • Key market trends across the business segments, Regions and Countries.
  • Key developments and strategies observed in the market.
  • Market Dynamics such as Drivers, Restraints, Opportunities and other trends.
  • In-depth company profiles of key players and upcoming prominent players.
  • Growth prospects among the emerging nations through 2025.
  • Market opportunities and recommendations for new investments.

Click here for the detailed report.