The Global Land-based Military Radar Market 2019-2029
Summary
The global land-based military radar market values US$4.8 billion in 2019, growing at a CAGR of 1.71% to value US$5.6 billion by 2029. The cumulative market for global expenditure on land-based military radar is projected to value US$54.1 billion over the forecast period. Expenditure on the sector is expected to be driven by the ever growing demand for early threat detection and situational awareness systems, rising as a result of increasing territorial disputes and internal and external security threats.
The US is expected to account for the largest market, owing to maintain global military supremacy, with a dominant share of 38.8% of total land-based military radar market over the forecast period. The North American market is closely followed by Asia-Pacific region with a cumulative expenditure of US$21.0 billion, majorly accounted by countries such as China, India, Japan, Australia, and South Korea.
The global land-based military radar market includes four segments on the basis of functions which includes air-defense radar, ground and coastal surveillance radar, counter-battery radar and auxiliary radar. Air-defense radar is anticipated to account for the largest share of 51.8%, followed by ground and coastal surveillance radar, counter-battery radar and auxiliary radar with shares of 26.8%, 18.1% and 3.3% respectively over the forecast period.
In terms of segmentation by function, air-defense radar segment is expected to account for the highest spending with a share of 51.8% over the forecast period. The market is primarily driven by the development and procurement of missile and air-defense systems by countries such as the US, China, Russia, India, Japan, and Saudi Arabia. Air-defense radar segment is followed by ground and coastal surveillance radar which accounts for the second largest market with a share of 26.8% over the forecast period. Counter-battery radar accounts for the third largest market with a share of 18.1% over the forecast period. The demand for counter-battery radar is a result of upgrade and replacement of obsolete artillery systems by major defense spending nations such as the US, China, India and Japan, who contribute to approximately 73.9% of the total counter-battery radar market.
The report "The Global Land-based Military Radar Market 2019-2029", offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for land-based military radar equipment, key market trends, and challenges faced by industry participants.
In-depth analysis provided -
Companies Mentioned: Northrop Grumman Corporation, Lockheed Martin Corporation, Israel Aerospace Industries, BAE Systems plc, Saab AB, The Raytheon Company, Indra Sistemas SA, RADA Electronic Industries Ltd. (RADA), Aselsan, Bharat Electronics Limited (BEL), Thales Group, Almaz-Antey
Scope
Reasons to buy
Summary
The global land-based military radar market values US$4.8 billion in 2019, growing at a CAGR of 1.71% to value US$5.6 billion by 2029. The cumulative market for global expenditure on land-based military radar is projected to value US$54.1 billion over the forecast period. Expenditure on the sector is expected to be driven by the ever growing demand for early threat detection and situational awareness systems, rising as a result of increasing territorial disputes and internal and external security threats.
The US is expected to account for the largest market, owing to maintain global military supremacy, with a dominant share of 38.8% of total land-based military radar market over the forecast period. The North American market is closely followed by Asia-Pacific region with a cumulative expenditure of US$21.0 billion, majorly accounted by countries such as China, India, Japan, Australia, and South Korea.
The global land-based military radar market includes four segments on the basis of functions which includes air-defense radar, ground and coastal surveillance radar, counter-battery radar and auxiliary radar. Air-defense radar is anticipated to account for the largest share of 51.8%, followed by ground and coastal surveillance radar, counter-battery radar and auxiliary radar with shares of 26.8%, 18.1% and 3.3% respectively over the forecast period.
In terms of segmentation by function, air-defense radar segment is expected to account for the highest spending with a share of 51.8% over the forecast period. The market is primarily driven by the development and procurement of missile and air-defense systems by countries such as the US, China, Russia, India, Japan, and Saudi Arabia. Air-defense radar segment is followed by ground and coastal surveillance radar which accounts for the second largest market with a share of 26.8% over the forecast period. Counter-battery radar accounts for the third largest market with a share of 18.1% over the forecast period. The demand for counter-battery radar is a result of upgrade and replacement of obsolete artillery systems by major defense spending nations such as the US, China, India and Japan, who contribute to approximately 73.9% of the total counter-battery radar market.
The report "The Global Land-based Military Radar Market 2019-2029", offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for land-based military radar equipment, key market trends, and challenges faced by industry participants.
In-depth analysis provided -
- Market size and drivers: detailed analysis during 2019-2029, including highlights of the demand drivers and growth stimulators. It also provides a snapshot of the spending and modernization patterns of different regions around the world
- Recent developments and industry challenges: insights into technological developments and a detailed analysis of the changing preferences of military land radar segments around the world. It also provides trends of the changing industry structure and the challenges faced by industry participants
- Regional highlights: study of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand
- Major programs: details of the key programs in each segment, which are expected to be executed during 2019-2029
- Competitive landscape and strategic insights: analysis of the competitive landscape of the global market. It provides an overview of key players, together with information regarding key alliances, strategic initiatives, and financial analysis
Companies Mentioned: Northrop Grumman Corporation, Lockheed Martin Corporation, Israel Aerospace Industries, BAE Systems plc, Saab AB, The Raytheon Company, Indra Sistemas SA, RADA Electronic Industries Ltd. (RADA), Aselsan, Bharat Electronics Limited (BEL), Thales Group, Almaz-Antey
Scope
- The global land-based military radar market is expected to grow at a CAGR of 1.71% over the forecast period.
- The market consists of four categories: air-defense radar, counter-battery radar, ground and coastal surveillance radar, and auxiliary radar. North America will dominate the sector with a share of 40.3%, followed by Asia-Pacific and Europe, with shares of 38.8% and 10.8%, respectively. The air-defense radar segment is expected to be the leading segment with a share of 51.8%.
Reasons to buy
- Determine prospective investment areas based on a detailed trend analysis of the global land-based military radar market over the next ten years
- Gain in-depth understanding about the underlying factors driving demand for different military land radar segments in the top spending countries across the world and identify the opportunities offered by each of them
- Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others
- Identify the major channels that are driving the global land-based military radar market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
- Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global land-based military radar market
- Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top land radar providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.
Table of Contents
Executive SummaryGlobal Land-based Military Radar Market - Overview
Global Land-based Military Radar Market By Region, 2019-2029
Global Land-based Military Radar Market By Segment, 2019-2029 Market Dynamics
Demand Drivers: Analysis of factors that trigger spending within the sector
Trends: Prevalent practices, industry consolidation and procurement patterns within the market
Technological Developments : New products, processes and innovations recently inducted within the sector
Key Challenges: Obstacles affecting sector growth Global Land-based Military Radar Procurement Market - Segment Analysis
Segment Analysis: Air Defense Radar
Market size and CAGR growth analysis, 2019-2029
Change in market share, 2019-2029
Segment Analysis: Ground and Coastal Surveillance Radar
Market size and CAGR growth analysis, 2019-2029
Change in market share, 2019-2029
Segment Analysis: Counter Battery Radar
Market size and CAGR growth analysis, 2019-2029
Change in market share, 2019-2029
Segment Analysis: Auxiliary Radar
Market size and CAGR growth analysis, 2019-2029
Change in market share, 2019-2029 Global Land-based Military Radar Procurement Market - Segment Analysis
Segment Analysis: S-Band Radar
Market size and CAGR growth analysis, 2019-2029
Change in market share, 2019-2029
Segment Analysis: Multi-Band Radar
Market size and CAGR growth analysis, 2019-2029
Change in market share, 2019-2029
Segment Analysis: X-Band Radar
Market size and CAGR growth analysis, 2019-2029
Change in market share, 2019-2029
Segment Analysis: L-Band Radar
Market size and CAGR growth analysis, 2019-2029
Change in market share, 2019-2029
Segment Analysis: Others-Band Radar
Market size and CAGR growth analysis, 2019-2029
Change in market share, 2019-2029
Global Land-based Military Radar Procurement Market - Regional Analysis
Global Land-based Military Radar Procurement - Regional Overview, 2019 and 2029
Regional Analysis: North America
Market size and CAGR growth analysis, 2019-2029
Change in market share, 2019-2029
Top Suppliers
Regional Analysis: Asia Pacific
Market size and CAGR growth analysis, 2019-2029
Change in market share, 2019-2029
Top Suppliers
Regional Analysis: Europe
Market size and CAGR growth analysis, 2019-2029
Change in market share, 2019-2029
Top Suppliers
Regional Analysis: Middle East
Market size and CAGR growth analysis, 2019-2029
Change in market share, 2019-2029
Top Suppliers
Regional Analysis: Latin America
Market size and CAGR growth analysis, 2019-2029
Change in market share, 2019-2029
Top Suppliers
Regional Analysis: Africa
Market size and CAGR growth analysis, 2019-2029
Change in market share, 2019-2029
Top Suppliers Trend Analysis - Key Defense Markets
Top 10 Global Growth Opportunities Scores
Global Land-based Military Radar Market - Country Overview, 2019 and 2029
Leading Segments in Key Countries
Country Analysis - 12 leading countries
Market size and CAGR growth analysis, 2019-2029
Change in market share, 2019-2029
Segmental Share (%), 2019-2029
Country Share (%), 2019 and 2029
Major Suppliers
Segmental Analysis Military Land-based Military Radar Market - Future Outlook (The Road Ahead)
Key Programs Analysis
Description of key programs
Delivery period, units and total expenditure Competitive Landscape Analysis
Competitive analysis - 10 leading companies
Major Products and Services
Major Alliances and Recent Contracts
Financial Analysis covering Revenue, Operating Profit and Net Profit
Appendix
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Northrop Grumman Corporation
- Lockheed Martin Corporation
- Israel Aerospace Industries
- BAE Systems plc
- Saab AB
- The Raytheon Company
- Indra Sistemas SA
- RADA Electronic Industries Ltd. (RADA)
- Aselsan
- Bharat Electronics Limited (BEL)
- Thales
