Global Radar Systems and Technology Market 2017-2021 - Latest Trend Gaining Momentum in the Market is Advent of Advanced Airborne Radar - Research and Markets

DUBLIN, June 23, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Radar Systems and Technology Market 2017-2021" report to their offering.

The global radar systems and technology market to grow at a CAGR of 4.05% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global radar systems and technology market for 2017-2021. To calculate the market size, the report considers the include/exclude new installations/shipments/sales/volume/value and retrofit/replacement/spares/aftermarket/services market. The report also includes a discussion operating in this market.

The latest trend gaining momentum in the market is advent of advanced airborne radar. In the late 1990s, Raytheon developed the APS-149 littoral surveillance radar system (LSRS), an advanced version of the older APY-7 radar, for the P-3C aircraft. It was extensively used to support naval combat operations, including tracking both land and maritime moving targets. However, the complex littoral environment and maintenance of a large record of tracks posed new challenges for defense authorities.

According to the report, one of the major drivers for this market is need for advanced battlefield surveillance radar. In the modern warfare scenario, there is a growing demand for battlefield surveillance radars (BFSRs) to detect vehicles, missiles, and other ground-based attack elements. These radars also find extensive use for border and maritime surveillance and patrolling.

Further, the report states that one of the major factors hindering the growth of this market is high cost of space-based radars. Space-based radar imagery can be effectively used as a surveillance tool as it can penetrate darkness and weather conditions. Such radars, such as SARs, are integrated into several Earth-observing satellites to attain information about Earth's terrain and topography. However, the technology used in these radars is complex and more expensive compared with the ground-based, airborne, and naval radars.

Key vendors:

• BAE Systems
• Lockheed Martin
• Northrop Grumman
• Raytheon
• Thales Group

Other prominent vendors:

• General Dynamics
• Leonardo
• Reutech Radar Systems
• Saab

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by product type

Part 07: Geographical segmentation

Part 08: Decision framework

Part 09: Drivers and challenges

Part 10: Market trends

Part 11: Vendor landscape

Part 12: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/7xfg6x/global_radar

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