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Europe Air and Missile Defense Radar Market is Expected to Reach $2.07 billion in 2020 - New Report by MicroMarket Monitor
Date:7/24/2014

(PRWEB) July 24, 2014

The European air and missile defense radar market is estimated to be $1.20 billion in 2014, and is expected to register a CAGR of 8.06%, to reach $2.07 billion by 2020. The U.K., France, Germany, Russia, and turkey are the major spenders in the region with a number of indigenous programs. These programs include medium extended air defense program and multinational (MEADS) program, which has been co-developed by Germany, the U.S., and Italy.

Browse through the TOC of the Europe air and missile defense radar market report, to get an idea of the in-depth analysis provided. This report also provides a glimpse of the segmentation in the European air and missile defense radar market, and is supported by various tables and figures.

http://www.micromarketmonitor.com/market/europe-air-and-missile-defense-radar-7891778404.html

Air and missile defense radars are used as early-warning devices, which can detect the enemy’s approaching aircraft or missiles from great distances. These radar systems form a defensive position in the form of anti-aircraft artillery (AAA), missiles, or fighter planes. The systems have to be readily available at any point in time to repel an attack.

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The sub-segment of the air and missile defense radar market is differentiated by platform segments namely, airborne, naval and land-based air, and missile defense radar systems. It provides information and in-depth knowledge about the trends in these three platforms sub-segments, and also provides information about top spenders in the air and missile defense radar market.

The air and missile defense market is a technology driven market. However, though the current systems are tested successfully by the market players, their real-time deployment in war zones is limited.

Get a copy of PDF Brochure at http://www.micromarketmonitor.com/contact/7891778404-download_pdf_brochure.html.

This report also includes the market share, supply chain, and value chain analyses, besides market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.

Related Reports:

North America Air and Missile Defense Radar Market
The main purpose of air and missile defense radar (AMDR) systems is to provide volume search, tracking, precision tracking, missile communication, horizon search, and terminal search identification of air and missile targets. The air and missile defense system consists of two primary radars and a radar suite controller which coordinates the sensors.

The North American market is estimated to be $1.48 billion in 2014, and is expected to register a CAGR of 8.22% to reach $2.57 billion by 2020. The continued requirement for larger radar footprints across North America will be the driving factor of the market. The increasing missile threats and growing technological trends in ballistic missile systems are the key growth factors in the market. The AMDR systems classification is based on application and region. In application segmentation, the system is differentiated into three sectors—airborne, naval, and land-based application. The naval application has the highest market value compared to other applications. Investments in missile defense programs are increasing, and are expected to continue to increase in the near future.

http://www.micromarketmonitor.com/market/north-america-air-and-missile-defense-radar-2050888716.html

Asia-Pacific Air and Missile Defense Radar Market
The main purpose of air and missile defense radar (AMDR) systems is to provide volume search, tracking, precision tracking, missile communication, horizon search and terminal search identification of air and missile targets. The air and missile defense system consists of two primary radars and a radar suite controller which coordinates the sensors.

The Asia-Pacific AMDR systems market is estimated to be $1.99 billion in 2014 and is expected to register a CAGR of 5.53% and reach $2.09 billion by 2020. The continued requirement for larger radar foot prints and the evolving nature of warfare across Asia-Pacific will be the driving forces of the market. Increasing missile threats and growing technological trends in ballistic missile systems are the key growth factors in the market. The air and missile defense radar systems classification is based on applications and regions.

In the application segment, the system is differentiated into three sectors, namely, airborne, naval, and land-based application. The naval application has the highest market value and is estimated to increase compared to the other applications. The investments in missile defense programs are currently increasing and this trend is expected to continue in the near future.

http://www.micromarketmonitor.com/market/asia-pacific-air-and-missile-defense-radar-1368567307.html

About MicroMarket Monitor:

MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.

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