Air and missile defense radar system: Key market research findings
Technavio has released a new market research report on the global AMDR system market, which is expected to grow at a CAGR of around 7% between 2016 and 2020.
The Americas dominate the global AMDR market, accounting for 46% of eth total market share. Much of this region’s growth is due to surge in the total federal discretionary spending in defense.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“One of the latest trends upcoming in this market is the advent of advanced airborne radar. Airborne radars are extensively used to support naval combat operations, which include tracking both land and maritime moving targets. Benefits like the ability of airborne radars to enhance accuracy, bolster detection, and aid in wide-area surveillance, will lead to its augmented adoption during the forecast period. Furthermore, with the incorporation of a double-sided AESA technology to render synthetic aperture radar (SAR) and moving target indication (MTI) modes, the advanced airborne radars will be able to detect vessels over a long distance,” says Abhay Singh, Lead Analyst, Aerospace & Defense, Technavio Research
The key vendors in the global AMDR system market are General Dynamics, Lockheed Martin, Northrop Grumman, Raytheon, and Reutech Radar Systems. This market is highly competitive as most of the vendors compete on the basis of cost, product quality, reliability, and aftermarket service. To survive and succeed in this intensely competitive market, it becomes crucial for vendors to provide cost-effective and high-quality AMDR with latest technology and materials to the end users.
A more detailed analysis is available in the Technavio report, Global AMDR System Market 2016-2020.
