Military Man-Portable Radar Systems Market to have exponential 10% CAGR during forecast period 2018-2023:
As per the latest report published by Market Research Future (MRFR), the global military man-portable radar system market will surpass a valuation of USD 4,700 Mn by the year 2023, reflecting an above-average CAGR during the forecast period (2017-2023). Military man-portable radar systems are used for monitoring, tracking, missile control, and surveillance. They are primarily meant for executing complex military operations. Advances in technology, has allowed miniaturization of radar systems which has created new application opportunities for such devices. The focus remains on making such systems more compact, and user-friendly as well as achieve a greater mobility. In recent years, a range of portable radar devices have been introduced.
The demand for portable radar systems has continued to grow as counties all over the world aim to improve their defense monitoring capabilities. Factors such as rising defense budget and growing concerns over border security due to socio-political disputes among countries in various parts of the world are driving the demand for various type military products including man-portable radar system. In addition, technological advancements in radar systems is having a positive impact on the market. As warfare technologies evolve, military products become more versatile and advanced. However, the high-cost of military man-portable radar systems may have deterring impact of its market.
MRFR’s report include a segmental analysis of the market based on application, range, components and frequency-band.
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By application, the market has been segmented into target acquisition, search & detection, air defense, and others. The search and detection segment currently commands for more than one-thirds share of the global market. The air defense segment is also expected to remain high profitable over 2023. In addition, segment is set to post the relatively higher CAGR between 2018 and 2023. By component, the market is segmented into transmitter, antenna, receivers and others. The transmitter segment currently holds the top position and trend is likely to continue throughout the review period. Transmitter are instrumental to functioning of any radar system and thereby continues to be an irreplaceable component of man-portable radar systems. The transmitter segment is expected to surpass a valuation of USD 1,400 Mn by 2023-end. By range, the market has been segmented into <50 Km and >50 Km. Of these, the >50 Km is expected to remain highly attractive over 2023. Further, the segment is set to outperform the <50 Km segment in the near future, reflecting a robust CAGR. By frequency-band, the market has been segmented into ku-band, ka-band and others. The Ka band segment is projected to retain its predominant position over 2023. Towards the end of the assessment period, the segment is likely to surpass a valuation of USD 2,000 Mn, witnessing an impressive CAGR.
The market has been covered across regions such as Latin America, North America, Asia Pacific (APAC), the Middle East & Africa (MEA) and Europe. The market in North America is expected to present significant growth opportunities to market in the coming years. In 2017, the region commanded the largest market share and is expected to remain dominant throughout the forecast period. This is primarily owing to presence of a massive military industry in the region, which spearheaded by the US. Europe and APAC are the others two important markets for military man-portable radar system. While Europe accounts for the second largest market share, market is APAC is expected to exhibit the fastest CAGR during the review period.
MRFR’s report includes an observation on the competitive landscape of the global military man-portable radar system market. Leading market players that are covered include –
- Leonardo S.p.A
- Telefunken Racoms
- Elbit Systems Ltd.
- BAE Systems PLC.
- Blighter Surveillance Systems Ltd.
- Thales Group
- Saab AB
- FLIR Systems Inc.
- ASELSAN A.S.
- Harris Corporation
This report offers an in-depth analysis of the global military man-portable radar system market along with the five year revenue forecast for the year 2018 to 2023. The report also includes a detailed discussion on the governing factors and macroeconomic indicators that are impacting the market and its sub-markets. Revenue analysis on the basis of different components of military man-portable radar system is also available in the report. For opportunity analysis, various applications of military man-portable radar system are covered in the report. Other key pointers include range and frequency-band.
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Table of Contents
1 Executive Summary
2 Market Introduction
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Forecast Model
5 Market Dynamics
5.2.1 Changing Nature of Warfare Technologies
5.2.2 Development in Solid-state Electronics
5.2.3 Drivers Impact Analysis
5.3.1 High Capital Investment
5.4.1 Emergence of 3d Radar Systems
5.5 Market Trends
5.5.1 Integration of Gps Technology in Radar Systems
List of Tables
Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Global Military Man-portable Radar System Market, by Component, 2017-2023 (Usd Million)
Table 4 Global Military Man-portable Radar System Market, by Range, 2017-2023 (Usd Million)
Table 5 Designation, Frequency Range, and Wavelength Range
Table 6 Summary of Ka-band and Ku-band Uplink and Downlink Frequencies
Table 7 Global Military Man-portable Radar System Market, by Frequency Band, 2017-2023 (Usd Million)
Table 8 Global Military Man-portable Radar System Market, by Application, 2017-2023 (Usd Million)
Table 9 Global Military Man-portable Radar System Market, by Region, 2017-2023 (Usd Million)
Table 10 North America Military Man-portable Radar System Market, by Country, 2017-2023 (Usd Million)
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