ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research has announced the release of a report titled “Military Radar Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”. The worldwide market for military radar was worth US$6,900 million in 2012 and will reach US$8,440 million in 2019, registering a 2.9% CAGR during the forecast period. The report categorizes the military radar market based on type and geography. Region-wise, the military radar market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. By type, the military radar market is categorized into air-borne, naval, space-based and ground-based.
Browse Report: http://www.transparencymarketresearch.com/military-radar-market.html
Factors fueling the military radar market include escalating security and economic concerns, rising defense investments by the government, and growing demand for light weight radars and target recognition. Strategic alliances and border protection issues are also expected to drive the military radar market. In contrast, wind turbines pose a major challenge for the military radar market.
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Being one of the most powerful military forces, North America – specifically the U.S. – dominated the military radar market in 2012. The main reason for growth in this region is high budgetary sanctions for the defense sector. Asia-Pacific is the next largest market for military radar owing to regions such as India, China, Japan, and South Korea strengthening their armed forces.
Press Release: http://www.transparencymarketresearch.com/pressrelease/military-radar-market.htm
The global military radar market is highly oligopolistic with the top five companies accounting for 54% of the overall market. The major military radar market players include Saab Sensis Corporation, Lockheed Martin Corporation, Terma A/S, Harris Corporation, Boeing, Northrop Grumman Corporation, Raytheon, and ASELSAN Inc.
Other Reports:
Homeland Security Market: http://www.transparencymarketresearch.com/homeland-security-market.html
Commercial Aircraft Market: http://www.transparencymarketresearch.com/commercial-aircraft-market.html
Man-Portable Military Electronics Market: http://www.transparencymarketresearch.com/man-portable-military-electronics-market.html
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