According to the new market, radar security market, the said market is expected to grow from USD 17.85 Billion in 2016 to USD 25.17 Billion in 2022, at a CAGR of 5.90% during the forecast period.
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The rising demand for radar systems worldwide since militaries seek to replace legacy systems. Rising territorial conflicts and geopolitical instabilities in the Middle East and Asia-Pacific regions is also a key factor responsible for the growth of the market. Furthermore, defense budget cuts in developed economies shifted the focus toward miniaturization & automation of defense and security systems is expected to propel the radar security market.
Ground surveillance radar (GSR) systems held a major market share in 2015. The market for GSR systems is expected to grow between 2016 and 2022. The adoption rate of GSR systems is high for the military as well as homeland security applications. In addition, these systems are also used in detecting and tracking aircraft at low altitude. These are the key factors contributing for a large market share of GSR systems among other types of the radar security systems.
There will be a significant rise in the market for the border security application between 2016 and 2022; controlling terrorist activities across the borders, monitoring human trafficking and illegal entry of immigrants, securing imports and exports at the borders are the major drivers for the adoption of radar security systems in border security applications. High adoption of radar security systems for the application of highway safety systems and anti-collision systems for trains is expected to contribute to the growth of the market for these applications at the highest rate during the forecast period.
Controlling terrorist activities across the borders, monitoring human trafficking and illegal entry of immigrants, securing imports and exports at the borders are the major drivers for the adoption of radar security systems in border security applications. The market for others applications such as highway safety systems and anti-collision systems for trains is expected to grow at the highest rate.
The long-range radar security system is expected to hold the major share of the market in 2016. High demand for long-range radar security systems for air surveillance systems, marine radars, air mapping systems, weapon control systems, and missile guidance systems is the key driving factor for the growth of the long-range radar security systems market. However, the market for the short-range radar security systems is expected to grow at the highest growth rate between 2016 and 2022.
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The radar security market ecosystem includes radar system manufacturers such as Thales SA (France), Lockheed Martin Corporation (U.S.), Raytheon Company (U.S.), Saab AB (Sweden), Elbit Systems Ltd. (Israel), FLIR Systems, Inc. (U.S.), Israel Aerospace Industries Ltd. (Israel), Blighter Surveillance Systems (U.K.), Kongsberg Gruppen (Norway), DeTect Inc. (U.S.), SRC Inc. (U.S.), ThalesRaytheonSystems (France), and Kelvin Hughes Limited (U.K.) among others who offer the radar security systems to end users.
Download complete pdf brochure here: https://tinyurl.com/hrrxe5h
The rising demand for radar systems worldwide since militaries seek to replace legacy systems. Rising territorial conflicts and geopolitical instabilities in the Middle East and Asia-Pacific regions is also a key factor responsible for the growth of the market. Furthermore, defense budget cuts in developed economies shifted the focus toward miniaturization & automation of defense and security systems is expected to propel the radar security market.
Ground surveillance radar (GSR) systems held a major market share in 2015. The market for GSR systems is expected to grow between 2016 and 2022. The adoption rate of GSR systems is high for the military as well as homeland security applications. In addition, these systems are also used in detecting and tracking aircraft at low altitude. These are the key factors contributing for a large market share of GSR systems among other types of the radar security systems.
There will be a significant rise in the market for the border security application between 2016 and 2022; controlling terrorist activities across the borders, monitoring human trafficking and illegal entry of immigrants, securing imports and exports at the borders are the major drivers for the adoption of radar security systems in border security applications. High adoption of radar security systems for the application of highway safety systems and anti-collision systems for trains is expected to contribute to the growth of the market for these applications at the highest rate during the forecast period.
Controlling terrorist activities across the borders, monitoring human trafficking and illegal entry of immigrants, securing imports and exports at the borders are the major drivers for the adoption of radar security systems in border security applications. The market for others applications such as highway safety systems and anti-collision systems for trains is expected to grow at the highest rate.
The long-range radar security system is expected to hold the major share of the market in 2016. High demand for long-range radar security systems for air surveillance systems, marine radars, air mapping systems, weapon control systems, and missile guidance systems is the key driving factor for the growth of the long-range radar security systems market. However, the market for the short-range radar security systems is expected to grow at the highest growth rate between 2016 and 2022.
Get free sample pages here: https://tinyurl.com/j2boadw
The radar security market ecosystem includes radar system manufacturers such as Thales SA (France), Lockheed Martin Corporation (U.S.), Raytheon Company (U.S.), Saab AB (Sweden), Elbit Systems Ltd. (Israel), FLIR Systems, Inc. (U.S.), Israel Aerospace Industries Ltd. (Israel), Blighter Surveillance Systems (U.K.), Kongsberg Gruppen (Norway), DeTect Inc. (U.S.), SRC Inc. (U.S.), ThalesRaytheonSystems (France), and Kelvin Hughes Limited (U.K.) among others who offer the radar security systems to end users.
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