X-Band Radar Market worth 5.61 Billion USD by 2021

(IT-NEWSWIRE.COM, May 14, 2018 ) The report "X-Band Radar Market by Application (Defense, Government, and Commercial), Type (Mobile, and Sea-based X-band Radar), Array (Active Electronically Scanned Array (AESA), Passive Electronically Scanned Array (PESA), and Region - Global Forecast to 2021", The global X-band radar market is projected to grow from USD 4.58 Billion in 2016 to USD 5.61 Billion by 2021, at a CAGR of 4.1% during the period under consideration. 2015 is considered the base year for the study, whereas 2016 to 2021 is the forecast period.

Download PDF Brochure@https://www.marketsandmarkets.com/pdfdownload.asp?id=210561157

Browse 91 market data Tables and 62 Figures spread through 163 Pages and in-depth TOC on "X-Band Radar Market"

https://www.marketsandmarkets.com/Market-Reports/x-band-radar-market-210561157.html

Early buyers will receive 10% customization on this report.

The emergence of electronic and network centric warfare, replacement of legacy systems resulting in the automaton of radar systems, territorial conflicts and geopolitical instabilities, and sea-based X-band radars, among others, are driving the demand for the X-band radar across the globe.

“Defense application of the X-band radar to capture the largest share in the global X-band radar market”

The defense application is the fastest-growing segment in the X-band radar market due to the growing demand for mobile X-band radars for land and naval security during the forecast period. The air surveillance capability of the X-band radar is the prime factor for the increase in demand from the defense sector. Also, increased investments by governments in different defense sectors are driving the demand for mobile X-band radars such as the sea-based X-band radar and space-based X-band radar.

“Mobile X-band radars to hold a dominant share in the type segment of the global X-band radar market”

Mobile X-band radars can be used for a wide range of applications including gauging the dynamics of extraordinary cyclones and cloud microphysics, urban rainfall, sea-breezes, land-based and airborne platforms including coastal and border areas, air traffic control, early warning and detection of the weather, perimeter surveillance and airborne surveillance. The demand is constantly growing due to the increasing use in varied sectors.

“North America to dominate the global X-band radar market”

North America is estimated to capture the largest market share in the X-band radar market in 2016. The X-band radar market in the APAC region is projected to grow at the highest CAGR during the forecast period. North America has a strong foothold in the X-band radar market with the top market players such as The Raytheon Company (U.S.) and Northrop Grumman Corporation (U.S.). The X-band radar market is expected to grow significantly in the Asia-Pacific region due to rapid industrialization and the influx of several multinational players. Increased investments in the missile defense systems across the globe are responsible for the higher demand for X-band radars. Territorial disputes, increased threats from the Islamic State of Iraq and Syria (ISIS) and disputes in the Crimean peninsula (March 2014) are expected to increase the market for missile defense systems. Thus, the growing demand for missile defense systems will drive the market for the X-band radar globally.

Make an Inquiry@https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=210561157

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr.Salgarkar

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

sales@marketsandmarkets.com

MarketsandMarkets

Mr. Rohan

1-888-600-6441

sales@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com

Technology News & Search Engine

X-Band Radar Market worth 5.61 Billion USD by 2021