Air and Missile Defense Radar System Market

Air and Missile Defense Radar System
Market Size, Analysis by Sales, Demand, Consumption and GrowthAir and Missile Defense Radar System Market Overview

An air and missile defense radar system is designed to provide
exoatmospheric, and air defense and surface water capabilities. It also
provides discrimination of ballistic missiles, multi-mission capabilities, and
tracking, along with area and self-defense against air and surface threats.
Various technological advancements in radar systems have helped different types
of radars to detect and track unauthorized aircrafts, ships as well as
land-based vehicles.

The demand for air and missile defense radar systems is
witnessing rapid growth around the globe. This growth can be accredited to
various factors such as a rising demand for advanced battlefield surveillance
radars, proliferation of the automation industry, territorial conflicts, and a
need for prevention from ballistic and stealth missiles. In addition, growth in
investments for research and development related to air and missile defense
radar system has propelled considerable growth in the global air and missile
defense radar system market. The global AMDR system market has been projected
to witness a 7% CAGR during the assessment period according to the latest
report published by Market Research Future (MRFR).

The global air
and missile defense radar system market size is largely dependent on
the expansion of multi-mission capabilities. The rise or fall in the demand for
defense capabilities has a direct impact on the demand for air and missile
defense radar system. Prevention from ballistic and stealth missiles is one of
the primary factors driving growth to the market and have become more prevalent
now. Therefore, the global air and missile defense radar system market is
expected to grow hand in hand with the growth in the investment for research
and development in the defense sector.

Segmental Analysis

The global air and missile defense radar systems market has been
segmented on the basis of range, application, platform, and region. On the
basis of range, the market is segmented into short, medium, and long. By
application, the market is segmented into ballistic missile defense and
conventional. The segment of ballistic missile defense is estimated to garner
highest growth rate during the review period. On the basis of platform, the
AMDR market has been segmented into land, naval and airborne. The land-based
segment is projected to dominate the global market currently and is expected to
continue doing the same during the forecast period due to widespread adoption
land-based AMDR systems.



Browse Complete Report Details @ https://www.marketresearchfuture.com/reports/air-missile-defense-radar-system-market-1594

Detailed Regional Analysis

The global air and missile defense radar systems market has been
regionally segmented into North America, South America, Europe, Asia Pacific
(APAC), and the Middle East & Africa (MEA). The global AMDR systems market
is expected to be dominated by North America in the foreseeable future due to a
high demand for advanced air surveillance systems in the region. The Air and
Missile Defense Radar (AMDR) program launched by the U.S. Military is one of
the primary driving forces behind the air and missile defense radar systems
market. Asia Pacific is estimated to follow North America for air and missile
defense radar systems, garnering second highest growth rate during the forecast
timeline.

Key Players

Some of the major players in the air and missile defense radar
systems market include Airbus Group (Netherlands), Almaz-Antey (Russia), BAE
Systems Inc. (U.K.),  Leonardo S.p.A (Italy), General Dynamics (U.S.),
Israel Aerospace Industries Ltd. (Israel), Lockheed Martin Corporation (U.S.),
Northrop Grumman Corporation (U.S.), Raytheon Company (U.S.), Reutech Radar
Systems (South Africa), SAAB Group (Sweden), and Thales Group (France).

Industry Updates

February 2019: The U.S. Navy picked Raytheon to participate in a
radar sense off competition, held at White Sands Missile Range, NM. This sense
off is expected to decide the company that will pose as a multibillion-dollar
replacement contract for Patriot Radar. Raytheon has revealed that its LTAMDS
candidate is a new design, developed from scratch, to meet latest defense
requirements.

February 2019: The Israeli Navy contracted ELTA Systems to
provide 4 of the world’s most advanced radar systems for the new Sa’ar6
warships. The ELM-2248 MF-STARs multi-function digital radar systems are based
on the latest Active Electronically Scanned Array (AESA) technology, which
allows for faster threat-alert response time, as well as better accuracy.