Transparency Market Research Single User License: USD 4315.5  Flat 10% Discount!! Military Radar Market to Rise at a CAGR of  Free Customization as per your requirement 2.90% till 2019 due to Increasing  You will get Custom Report at Syndicated Terrorism Activities Report price  Report will be delivered with in 15-20 working days Request Sample Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com [email protected] Download Brochure REPORT DESCRIPTION Driven by continuous growing threats from both the internal and external sources, global market for military radar was valued at USD 6,900 million in 2012 and is expected to reach USD 8,440 million by 2019, growing at a CAGR of 2.9% during the forecast period from 2013 to 2019. Military radar is classified on the base of ground, naval, air borne and space. Detailed Description of Military Radar Market is available at: http://www.transparencymarketresearch.com/military-radar-market.html Growing security concerns and the urge to become world super powers has supported the growth of the market. The adoption of radar across all defense forces such as the army, navy and air force has additionally supported the growth of the market. The growing demand for such systems can also be attributed to some of the natural calamities that the world has seen so far. In natural calamities, military radar systems help in determining the time and degree of an earthquake or tsunami and thus help in saving lives. It also plays an important role in determining the location of ships and planes during warfare or drill sessions. During unforeseen circumstances such as the disappearance of the Malaysian Airline, the radar plays an important role in determining the location of plane or the debris. The demand for military radar is also expected to increase as it helps in target location, detect missile launches and determine whether it’s a friendly air craft or not among others. Geographically, North America held the largest share in the military radar market in 2012. North America sanctions the highest budget for its defense forces which helps boost the demand for radar in the defense forces. The U.S. has one of the most powerful military forces in the world. The countries in North America such as the U.S. and Canada have invested significantly in the radar technology. Sample Research Report of Military Radar Market is available at: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2411 In 2012, North America is followed by Asia Pacific in terms of geographical market share. The growth in the region is attributed to the emerging nations such as China, India, South Korea and Japan among others who are constantly strengthening their military forces. Some of the countries in the Asia Pacific region face some serious issues on the infiltration front which is also contributing to the growth of the market. The market is also supported by the substantial purchases of military radar systems made by the emerging nations. Due to intense rivalry military radar market is oligopolistic in nature where top 5 players constitute 54% of the market. Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon, BAE Systems, Boeing, Harris Corporation, Saab Sensis Corporation, Terma A/S, ASELSAN Inc., and DRS Technologies among others are some of the key players in the military radar market. Brochure for the Market Report is available at: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2411 About TMR Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact TMR Mr.Sudip S 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: [email protected] Website: http://www.transparencymarketresearch.com/

Radar systems are widely used across different sections of the military forces such as army, navy and air force. Technological advancements and the increasing demand for hi tech artillery, arms and devices are the major factors driving the market at present. The market is likely to see significant growth as the demand for advanced arms systems is expected to increase in the coming years