Global Military Radar System Market is projected to grow at a CAGR of 4.1% By 2031: Exclusive Report by Visiongain Research Inc
November 25, 2021
/EIN News/ -- Visiongain has published a new report entitled the Military Radar System Market Report up to 2031. It includes profiles of Global Military Radar System Market (COVID Impact Analysis):- Market Segment by End-User (Air Force, Navy, Army, Space-Based Radar) Market Segment by Frequency Band (VHF/UHF Band, L Band, X Band, Ku/Ka/K Band, Other Frequency Band) Market Segment by Product Type (Ground Penetrating Radar, Weapon Locating Radar & C-RAM, Moving Target Indicator Radar, Surveillance & Airborne Early Warning, Tracking & Fire Control Radar, Other Product Type) Market Segment by Application (Air & Missile Defense, Ground Surveillance, Mine Detection & Underground Mapping, Other Application) Market Segment by Technology (Software-Defined Radar (SDR), Quantum Radar, Traditional/Noise Radar, RF Microwave Assemblies) Market Segment by Waveform (Frequency Modulated Continuous Wave (FMCW), Doppler) PLUS COVID-19 Impact Analysis and Recovery Pattern Analysis (V-shaped, W-shaped, U-shaped, L-shaped) Profiles of Leading Companies, Region and Country.
The global military radar system market was valued at US$1731 million in 2020 and is projected to grow at a CAGR of 4.1% during the forecast period 2021-2031.
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Increasing Number of Inter-Country Conflicts
Since the United Nations was founded 75 years ago, the nature of conflict and violence has changed dramatically. Conflicts are now less lethal and more frequently fought between domestic groups rather than states. Homicides are growing increasingly common in some regions of the world, while gender-based violence is on the rise worldwide. Interpersonal violence's long-term influence on development, especially violence against children, is increasingly becoming more well recognized. Separately, improvements in technology have sparked fears about lethal autonomous weapons and cyber-attacks, as well as the weaponization of bots and drones and the live streaming of terrorist assaults. There has also been an increase in criminal behavior, such as data hacking and ransomware. Meanwhile, international cooperation is strained, reducing the global capacity for preventing and resolving all types of conflict and violence.
How has COVID-19 had a significant negative impact on the Military Radar System Market?
As the COVID-19 outbreak shut down or slowed businesses across the country, the defense industrial base was among the first to receive assistance from Congress and would likely be among the first to recover once the crisis is over. While many Americans' lives are returning to normal as COVID-19 cases decrease, the defense industrial base is still not back to normal. According to the National Defense Industrial Association, despite the fact that most states have abolished COVID-19 safety limitations, 31.5 percent of respondents said they do not expect operations to resume for at least six months. Defense contractors were particularly told to keep working while protecting their workers' health as much as possible. The Pentagon hastened progress payments, while the enormous $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act provided more than $17 billion in funds for defense, as well as another $80 billion in loans to the larger aerospace industry.
How this Report Will Benefit you?
Visiongain’s 748+ page report provides 435 tables and 434 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the global military radar system market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for Military Radar System. Get the financial analysis of the overall market and different segments including technology, frequency band, application, end-user, waveform and capture higher market share. We believe that high opportunity remains in this fast-growing military radar system market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report would help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company.
What are the current market drivers?
Demand for Surveillance Equipment and System
Air Surveillance Radars, whether for fixed-wing aircraft, helicopters, or remotely piloted vehicles (RPVs), are designed for early warning, land and sea surveillance. Radar has been utilized for a wide range of military and non-military applications over the years. Most radars in the federal government are categorized as either surveillance radars or tracking radars, or a mix of the two. Surveillance radars are designed to search for and detect new targets in real time. A 2-dimensional (2-D) graphic of the target object's position in degrees from North (azimuth) and range (distance) from the radar is shown in the basic surveillance radar function. 3-dimensional (3-D) radars are radars that can determine azimuth, distance, and elevation. A tracking radar, which is commonly a 3-D radar, calculates a path for specific targets by using radar return echoes from one scan to the next. Multi-mode radars are radars that can perform both surveillance and tracking.
The Increasing Modernization of Warfare Will Have A Positive Impact On Market Growth.
The development of superior weaponry has necessitated the upgrade of troops' radar capabilities as a result of the modernization of warfare. As the military's use of unmanned aerial vehicles (UAVs), advanced ballistic missiles, and electronic warfare systems rises, the demand for radar systems is projected to rise. Thanks to technical advancements, military radar systems now have improved range, detection, identification, and integration with other sensors, as well as the capacity to adapt to new missions, platforms, and conditions. However, developing data processing algorithms that can distinguish between moving targets and background objects is a major challenge for the radar industry, which could hinder its growth in the coming years.
Where are the market opportunities?
New-Generation Air and Missile Defense Systems Are Required.
High-tech new-generation missiles represent a substantial threat to important places and assets, such as military airbases and ships. The most recent improvements are nuclear-capable ballistic missiles and high-speed cruise missiles. Nuclear-tipped ballistic missiles have the ability to devastate cities and murder people. A number of countries are developing advanced weaponry capable of defeating high-end air defence systems such as the Medium Extended Air Defense System (MEADS), Patriot Advanced Capability-3 (PAC-3), and S-400. India, China, and Russia have developed hypersonic missiles that are difficult to intercept with missile defence systems.
Advancement in Technology of Military Radar System
Many people believe that radar is a mature technology that hasn't changed much in the last decade. However, numerous new advancements have occurred, and radar is still evolving. New uses emerge in both the military and consumer arenas as technology progresses. Sometimes a necessity propels technology forward, and other times new technology enables a new application. Microwave technology has had a substantial impact on radar, and radar's needs have had a significant impact on microwave technology development. System architecture and algorithms, waveform, signal processing, materials, circuits, electromagnetic, and device design have all seen exciting advancements in recent years, some of which will be discussed in the following sections. Radar requirements and design change to match mission needs and operating platform constraints. New technology that improves performance and better meets consumer needs is phased in as it becomes feasible and meets an acceptable degree of technical readiness.
The major players operating in the military radar system market are Elbit Systems Limited, L3 Harris Technologies Inc., Lockheed Martin Corporation, Raytheon Technologies Corp, Rheinmetal AG, Thales SA, Ball Aerospace and Technologies Corp., Honeywell International Inc, Leonardo Spa, Mercury Systems Inc., Northrop Grumman Corporation, Saab AB, Dassault Aviation, Bae Systems, General Dynamics, Flir Systems Inc., Israel Aerospace Industries, Blighter Surveillance Systems Ltd., CEA Technologies, General Atomics Aeronautical Systems, Inc., These major players operating in this market have adopted various strategies comprising M&A, investment in R&D, collaborations, partnerships, regional business expansion, and new product launch
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