Visiongain has announced the availability of a massive 10-year (2015-2025) projection of global military radar markets, with strong growth projected for the next decade. The report includes reviews of leading defense contractors, including BAE Systems, General Dynamics, Lockheed Martin, Northrop Grumman, and Raytheon Co. Predictions refer to the three major forms of radar systems: airborne, naval, and land-based.
The 279-page report contains over 220 tables of data and predictions on the major radar markets and systems. It projects the global military radar systems market to reach $9.42 billion in 2015, with growing demand for military radar systems and technology throughout the forecast period. Growth is spurred by the needs of many nations to upgrade their radar technology, to perform surveillance and weapons control, and even for monitoring their borders for terrorist threats.
Applications for radar systems continue to expand in air, naval, and ground-based applications, and many other military applications, such as electronic countermeasures (ECM) and electronic-warfare (EW) systems, are dependent upon radar systems for their successful operation.