Surge in Strategic Partnerships Boosting Growth in the Global AMDR Market: Technavio Report

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  • The key vendors in the Global AMDR Market 2014-2018 are Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Co., Rockwell Collins Inc., SAAB AB and Thales SA.

London, 04 November 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global AMDR Market 2014-2018.   Increasing R&D activities is one of the major trends in the market. As a result, vendors are developing new radar systems and improving existing technology, which can help improve the efficiency of weapons in unfavorable situations.  The Global AMDR market is expected to grow at a CAGR of 6.29 percent during the forecast period of 2014-2018.

“Top companies are entering into joint ventures and mergers with regional players to expand their operations and to strengthen their R&D activities,” says Faisal Ghaus, Vice President of TechNavio Research.

“In an attempt to fulfill their customer’s needs and to enhance existing technology, companies are developing systems that help to enhance the efficiency and durability of existing weapons in unfavorable conditions.”

To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

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