Air and Missile Defense Radar (AMDR) Market to Hit 7.34% CAGR to 2021 Led by Naval-based Radars

Press Release   •   May 20, 2016 10:25 EDT

The Air and Missile Defense Radar (AMDR) market is estimated to be valued at $8.79 billion in 2016 and is projected to reach $12.52 billion by 2021, at a CAGR of 7.34% from 2016 to 2021. With increased demand for defense surveillance over porous and attack-prone borders, greater spending on defense sector by developing countries, and rise in terrorism and ongoing inter-country conflicts, the market for AMDRs is expanding subsequently. Rapidly increasing deployment of ballistic and stealth missiles in active warzones around the world, such as the Middle-Eastern countries, have also pushed the demand for AMDRs significantly. Complete report on air and missile defense radar (AMDR) market spread across 193 pages, profiling 12 companies and supported with 89 tables and 75 figures is now available at http://www.rnrmarketresearch.com/air-and-missile-defense-radar-amdr-market-by-land-based-systems-naval-systems-and-airborne-systems-global-forecasts-and-analysis-to-2014-2020-market-report.html .

Long range and strategic system air and missile defense radar market is expected to dominate the AMDR market during the forecast period. These system have range up to 100 kilometers, while strategic systems are used for the range more than 100 kilometers. These systems are used against conventional and ballistic missile targets. LRSAM is an example of long range AMDR system. High demand for ballistic missile defense system is expected to drive the market for long range and strategic system AMDR market.

North American region holds a dominant market share in the global AMDR market. The AMDR market, by region, is dominated by the North America nations, which includes the U.S., and Canada. High defense expenditure by the U.S. is the major driver behind the high market share. AMDR is majorly being used for ground-based and naval-based purposes.

AMDR are used as they are specialized radars with very less cross-section area. The U.S. government is investing heavily in the missile defense program. As an important component of the missile defense system, it is attracting huge investments in AMDR. There are several manufacturers of AMDR in the U.S., that produce majority of airborne, naval and ground-based AMDRs for the U.S. military. These manufacturers have dominated the AMDR markets for years. Ask for sample report before order a copy of this research at http://www.rnrmarketresearch.com/contacts/request-sample?rname=152308 .

Joint efforts from the U.S. and South Korean government to develop the missile defense system in South Korea, similarly, India and China’s efforts towards the development of indigenous missile defense system is expected to drive the AMDR market. Nevertheless, disputes between countries in the Asia-Pacific and the Middle East are expected to drive the market for short range AMDRs.

Naval-based radars are expected to grow the fastest in the AMDR market. Naval-based AMDRs have the fastest growing market among other types of AMDR systems in North America, followed by naval radars. For example, Raytheon has been most active in the production of naval-specific radars, such as AMDR and Radar Suite Controller (RSC), designed for engagement of threats and long-range detection. The company enjoys high segmental revenue and geographic spread. Lockheed Martin has a decent geographic spread. It is followed by BAE Systems and SAAB.

The key players operating in the air and missile defense radar (AMDR) market include Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, SAAB Group, Thales Group, Airbus Group, BAE Systems, General Dynamics, Israel Aerospace Industries Ltd., Finmeccanica SPA, Almaz-Antey and Reutech Radar Systems. Make an Inquiry on “Air and Missile Defense Radar (AMDR) Market by Range (Short, Medium, Long & Strategic System), Application (Ballistic Missile Defense, Conventional), Platform (Ground Based, Naval, Airborne) & by Region - Global Forecast to 2021”research report at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=152308 .

In this report, the AMDR market is segmented into short, medium and long range strategic system. Radars are classified based on frequency band, which is used for transmission of signal. X-band and S- band radars are widely used for airborne based platform and ground based platform.

On a related note, another research titled Military Radar Market Global Forecast to 2020 says, the global military radars market was valued at USD 11.02 billion in 2015 and is projected to reach USD 13.04 billion by 2020, at a CAGR of 3.42% from 2015 to 2020. North America region holds a dominant market share in the global military radars market. Companies like Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Saab Group, Thales Group, Airbus Group, BAE Systems, General Dynamics, Israel Aerospace Industries Ltd. and Finmeccanica SPA have been profiled in this 162 pages research report available at http://www.rnrmarketresearch.com/military-radar-market-by-platform-ground-based-naval-airborne-space-based-band-type-x-ku-band-l-s-band-others-application-weapon-guidance-system-surveillance-geography-global-forecast-to-2020-market-report.html .

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