Growing Terrorism to Drive Global Air and Missile Defense Radar System Market at 6.81% CAGR 2016-2020

Published Date : Apr 18, 2016

Albany, New York, April 12, 2016 – has recently added a new research report to its massive repository. The research report, titled “Global Air And Missile Defense Radar System Market 2016-2020,” scrutinizes the relationship between the trends and dynamics directing the trajectory of the global air and missile defense radar system market. It has also analyzed the market using Porter’s five forces reports to highlight the bargaining power of customers, the intensity of competitive rivalry, the bargaining power of suppliers, the threat of new entrants, and the threat of substitute products or services. For a clear understanding of the market segments and their revenue earnings, the researchers have used SWOT reports to highlight the strengths, weaknesses, opportunities, and threats impacting the segments. The detailed segmentation allows the readers to ascertain the ways in which certain segments will grow while others try to overcome a few hurdles.

Air and missile defense radar systems or AMDRs are devices deployed for detecting advancing missiles or aircraft and taking countermeasures. The research report suggests that the lifespan of an air missile defense radar system is about 20 years. However, with improvements in software and hardware systems during the lifecycle of the system, it can prove to be an extremely efficient and reliable investment.

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According to research analysts, the global air and missile defense radar system market will surge at a CAGR of 6.81% from 2016 to 2020. This market will be driven by the introduction of advanced battlefield surveillance radar and the increasing challenges in war-torn regions of the world. Furthermore, as countries work towards building a dependable arsenal of weapons and intelligence, many will bank on air missile defense radar systems, thereby propelling the overall market. The global air and missile defense radar system market will face a tough challenge of cuts in the defense budgets of several nations as economies are still trying to limp back to normalcy. However, the introduction of new air and missile defense radar programs will open new avenues for growth in the coming years. The global air and missile defense radar system market is segmented on the basis of platform into airborne, land-based, and naval. On the basis of geography, this market is segmented into the Americas, Asia Pacific, Europe, and the Middle East and Africa.

Some of the important players in the global air and missile defense radar system market are General Dynamics Corp., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Co., Reutech Radar Systems, BAE Systems, Finmeccanica, Israel Aerospace Industries, Saab, and Thales Group. The research report offers a detailed explanation of the competitive landscape of the global air and missile defense radar system market and the regulatory framework governing it. Furthermore, the report also mentions the research and development activities, financial outlook, joint ventures, product portfolio, business and marketing strategies, and strategic mergers and acquisitions of key players.

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