Global Military Man-Portable Radar System Market estimated to be worth US $ 4,748 mn by 2023 due to rapid incorporation of technologically advanced solutions in defense sector.
Military Man-Portable Radar System Market Global Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
Man-portable radar systems are useful for optimized surveillance in remote locations where vehicle support cannot be feasible. Therefore, they are used by the military. Market Research Future (MRFR) has published a research report about the global military man-portable radar system market that estimates hike for this market at 9.9% CAGR (Compound Annual Growth Rate) between 2018 and 2023. By value, the market has been figured to be worth the US $ 4,748 mn by the end of the forecast period.
The key players in the global military man-portable radar system market include Thales Group (France), Leonardo S.p.A (Italy), Saab AB (Sweden), Telefunken Racoms (Germany), FLIR Systems Inc. (USA), Elbit Systems Ltd. (Israel), ASELSAN A.S. (Turkey), BAE Systems PLC (UK), Harris Corporation (USA), Blighter Surveillance Systems Ltd. (UK), and SpotterRF (USA).
Latest Industry News
Israel Aerospace Industries (IAI) has developed a new version of its Drone Guard ground-based range of systems that use three radar systems to detect, track, and disrupt unmanned aerial vehicles (UAVs).
Israeli company to outfit Indian Navy and Army with missile system and radar technology after the US $1.3 bn in defense deals.
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The global military man-portable radar system market is growing because the defense sector is rapidly incorporating the technologically advanced solutions. The second factor that is positively moving the market growth is the growing demand for improved surveillance systems that can optimize the defense strategies of countries that are facing territorial conflicts and terrorist attacks. However, the factor that can hamper the market growth is high capital investment required for the installation of man-portable radar systems.
The global military man-portable radar system market has been segmented on the basis of application, components, frequency-band, range, and lastly, region. The application-based segmentation segments this market into air defense, search & detection, target acquisition, and others. Currently, the search & detection segment holds one-third of the global market. Till 2023, air defense segment will remain highly profitable.
Regarding components, the market has been segmented into antenna, receivers, transmitter, and others. Currently, the transmitter segment occupies the top position, and it is expected to retain its market position during the forecast period because the transmitter is instrumental to the functioning of any radar system. Hence, it is also an irreplaceable component of man-portable radar systems. By 2023, the market worth of components segment can be US $ 1,400 mn.
On the basis of frequency-band, the market can be segmented into KA, KU, and others. By range, the market has been segmented into up to 50 kilometers (km), and above 50 km. Till 2023, above 50 km segment is expected to hold the larger market share.
The regional segmentation of the global military man-portable radar system market segments the market into the regional markets known as Asia Pacific, North America, Europe, and the rest of the world (RoW). During the forecast period, North America is expected to be the most significant regional market due to the presence of a massive military industry in the region. Many key market players are based in this region. The topmost country-specific market in this region is the USA, followed by Canada.
Europe is the second major regional market due to countries like UK, France, Germany, and Russia (followed by the remaining countries of Europe) having strong military prowess. Some key market players are based in Europe too. During the forecast period, the Asia Pacific region is going to be the fastest growing regional market due to China and India investing more in the defense. Another important military power in this region is Japan which can be an important market due to its technological advancement.
The RoW segment covers countries of South America and the Middle East & Africa (MEA). In South America, Brazil and Argentina are two strong economies that can be suitable markets in the future. The MEA market is limited due to poor countries, lack of education, lack of awareness, lack of technological advancement, and lack of skilled labor.
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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)
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