ID: MRFR/AERO/1063-CRR | November, 2016 | Region: Global | 103 pages | Cooked Research Reports
The Global Air and Missile Defense Radar System Market is expected to grow at a CAGR of around 7% during 2016-2021. The key factors driving the growth are territorial conflicts, demand for advanced battlefield surveillance radar, automation and modernization of defense surveillance systems, prevention from ballistic and stealth missiles, and growth in R&D investments.
As per the MRFR analysis, factors restraining the market are complexities with the integration of new technologies, and threats due to growing cyber warfare.
Advent of advanced airborne radar, growth in commercial off-the-self procurement, and new AMDR program are the ongoing trends which will impact the market during the forecast period.
Study Objectives of Global Air and Missile Defense Radar System Market
Some of the key players in the Global Air and Missile Defense Radar System Market are Airbus Group, Almaz-Antey, BAE Systems, Finmeccanica, General Dynamics, Israel Aerospace Industries Ltd, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Reutech Radar Systems, SAAB Group, and Thales Group.
Regional and Country Analysis of Global Air and Missile Defense Radar System Market
As per the MRFR analysis, the Americas region will continue its dominance in the forecast period to reach $XX billion, to grow at a CAGR of around 5%. Whereas, APAC and EMEA will grow significantly at a CAGR of 10% and XX%, respectively during the forecast period.
The reports also cover country level analysis: