The Business Research Company’s global radars and weapons market analysis covers the
year-on-year growth of the global radars and weapons market historic and forecast
growth. It also includes chapters on the radars and weapons market trends, geographical
analysis, and competitive landscape.
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The
global radars and weapons market is forecast to grow at a CAGR (compound annual
growth rate) of around 2.5% by 2020.
Radars And Weapons Market Segmentation
According to TBRC’s global radars and weapons market research, the market is split by segments into Weapons
and Radars.
The Weapon industry comprises
establishments engaged in the manufacturing of weapons such as small arms and
ammunition and/or ordnance accessories, bombs, depth charges, rockets (except
guided missiles), rocket launcher, grenades, mines, torpedoes and other
military knives and other non-gun powder weapons. It is the largest segment
with a market share of over 95%.
A Radar is a system for detecting/tracking
the presence, direction, distance, and speed of objects such as aircraft,
ships, and other objects.
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Radars manufacturing had the highest CAGR (compound
annual growth rate) of about 5% during 2013-2017; this segment is expected to
grow at a CAGR of 5.5% during 2017-2021. This was mainly due to increased
government spending on as military aircrafts, aircraft carriers, unmanned
aerial vehicles, and missile defense system. Higher defense spending from major
regional powers such as
China, Saudi Arabia and India to control intrusion
activities, will likely drive the military radar manufacturing industry growth
in the forecast period.
The global radars and weapons market
report covers the following regions under the geographical analysis section:
Asia Pacific, Western Europe, North America, Middle East, Africa, South
America, and Eastern Europe. Major countries under each of these regions are also
covered under the country analysis chapters.
The global weapons and radars market’s
segment shares in each geographic region are mentioned in the report, along
with the historic and forecast growth rates for each segment presented visually
with supporting reasons to justify the growth rates.
The top companies included in the report are Lockheed
Martin Corporation, BAE Systems PLC, Raytheon Company, Northrop Grumman
Corporation, and Boeing.
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countries globally.
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