Global Radar Manufacturing Market to reach USD 13.7 billion by 2025 | CAGR: 5.2 %
Global Radar Manufacturing Market is valued at USD 8.7 billion in 2016 is anticipated to grow USD 13.7 billion with the compounded annual growth of 5.2% over the forecast period 2017-2025.
New York 4 June 2018, as per the new research study conducted by Bizwit Research & Consulting, Global Radar Manufacturing industry is poised to raise USD xxx billion by 2025. Emerging market growth, increasing defense expenditures, technology advancements, and increasing military tensions globally are the driving factors for the demand of radars. as well as the growing development of multifunction phased array radar is one of the key trends in the radar systems and technology market. MPAR project was developed with the view of establishing a platform that can carry out aircraft tracking, wind profiling, and weather surveillance. To view the summary or to request a sample copy of this report, please click the link mentioned below:
Global Radar Manufacturing Market Size Estimates By Type (Ground-Based radar, Naval Radar Airborne Radar, Space Based Radar) by Region (North America, Europe, Asia Pacific, and Rest of the World) 2017-2025
The industry seems to be fairly competitive. Some of the leading market players include Leonardo S.P.A, Lockheed Martin Corp., Northrop Grumman Corporation, Raytheon Corporation, Thales, SAAB AB, Rockwell Collins, Kelvin Hughes, General Dynamics, Dassault Group. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The Asia Pacific region estimated for dominating the Radar Manufacturing market during the forecast period.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation by around XX%
- Europe region Radar Manufacturing market is estimated to grow at the highest CAGR during the forecast period.
Bizwit Research & Consulting LLP has considered the following segments for the study:
- By Type
- Ground-Based Radar
- Naval Radar
- Airborne Radar
- North America
- Asia Pacific
- Latin America
- Rest of the World