Radar Systems Market Rising at 5.39% CAGR to Exhibit $26.37Bn by 2021
Aug 17, 2016
According to latest research, North American region contributed the largest share to the radar systems market while defense segment is estimated to lead the radar systems market in 2016 to the increased investment by various countries across the globe.
Pune, India - August 17, 2016 /MarketersMedia/ —
The radar systems market is expected to grow from USD 20.29 billion in 2016 to USD 26.37 billion by 2021, at a CAGR of 5.39% from 2016 to 2021. The increased usage of radar systems in unmanned vehicles and homeland security is expected to drive the growth of the radar systems market in the coming years.
The pulsed radar segment has led the radar systems market, as continuous wave radars cannot detect the range of an object while pulsed radars are capable of detecting the range of an object and judging its speed.
Complete report on membranes market spread across 182 pages, profiling 14 companies and supported with 95 tables and 73 figures is now available at http://www.rnrmarketresearch.com/radar-systems-market-by-technology-cw-radars-pulsed-radars-application-defense-commercial-range-short-long-medium-component-antenna-receiver-transmitter-frequency-band-l-x-c-s-and-region-glo-st-to-2021-market-report.html .
The defense segment is estimated to lead the radar systems market in 2016. This can be attributed to the increased investment by various countries across the globe for homeland security and coastal surveillance.
North America is expected to contribute the largest share to the radar systems market. This can be attributed to the presence of key market players, such as Lockheed Martin (U.S.), Northup Grumman (U.S.), Honeywell (U.S.), and BAE Systems (U.K.) in the region.
Break-up of profile of primary participants for this report:
By Company Type - Tier 1 – 35%, Tier 2 – 45%, Tier 3 – 20%
By Designation – C level – 35%, Director level – 25%, others – 40%
By Region – North America - 45%, Europe – 20%, Asia-Pacific – 30%, RoW – 5%
The key players operational in the radar systems market include Lockheed Martin (U.S.), Rockwell Collins (U.S.), Saab Group (Sweden), and BAE Systems (U.K.), Rheinmet all AG (Germany), and General Dynamics (U.S.), among others. Request a discount on Radar Systems Market by Technology (CW Radars, Pulsed Radars), Application (Defense, Commercial), Range (Short, Long, Medium), Component (Antenna, Receiver, Transmitter), Frequency Band (L, X, C, S) and Region - Global Forecast to 2021 research report at http://www.rnrmarketresearch.com/contacts/discount?rname=663688 .
From an insight perspective, the radar systems market report focuses on various levels of analysis, including industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, high-growth regions and countries, and their respective regulatory policies, drivers, restraints, and opportunities.
On a related note, another research on Radar Security Market Global Forecast to 2022 says, Border security application is estimated to capture the largest market share. The said market is expected to grow from USD 17.85 billion in 2016 to USD 25.17 billion by 2022, at a CAGR of 5.90%. North America is the major region for the radar security market. Companies like Thales SA, Lockheed Martin Corporation, Raytheon Company, Saab AB, Elbit Systems Ltd., FLIR Systems, Inc., Israel Aerospace Industries Ltd., Blighter Surveillance Systems, Kongsberg Gruppen, DeTect Inc., SRC Inc., ThalesRaytheonSystems and Kelvin Hughes Limited have been profiled in this 211 pages research report available at http://www.rnrmarketresearch.com/radar-security-market-by-surveillance-type-ground-air-marine-range-long-medium-short-application-border-security-seaport-and-harbor-critical-infrastructure-and-geography-global-forecast-to-2022-market-report.html .
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Source: http://marketersmedia.com/radar-systems-market-rising-at-5-39-cagr-to-exhibit-26-37bn-by-2021/128327
Release ID: 128327
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