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Europe Security and Surveillance Radar Market is Expected to Reach $1800 million in 2019 - New Report by MicroMarket Monitor
Date:7/26/2014

(PRWEB) July 26, 2014

The European security and surveillance radar market under defense aviation is estimated at $1290 million in 2014, and it is expected to reach $1800 million by 2019 at a CAGR of 6.16%. The report incorporates the factors that influence a country’s expenditure on radars. It provides detailed expectations of growth rates and projected total expenditure. The report also throws light on the leading competitors in the global markets. Apart from the general overview of the companies, it focuses on their financial position, key products, and market share.

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

http://www.micromarketmonitor.com/market/europe-security-and-surveillance-radar-6045035386.html

The instability in Western Europe is pushing for the procurement of military equipment like submarines, command and control systems, tactical helicopters, mobile artillery-hunting radar systems, and next generation Gripen aircrafts loaded with surveillance radars to meet the need for stability in Europe despite the political challenges driving the radar market expenditure. The level of terrorist activities of extremist groups in certain parts of the region, and the international operation against Taliban and Afghanistan is serving as a potential market for procuring superfluous security and surveillance radars.

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The security and surveillance market is segmented on the basis of platform and application. Platforms included are airborne, land-based, and maritime whereas the applications are civil and defense.

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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 Security and Surveillance Radar Market
The main purpose of security and surveillance radar is to detect and locate hostile targets in military actions as well as in commercial aviation. The application of radar is also used in other purposes, such as weather detection and navigation.The North American security and surveillance radar market was estimated at $1,500.0 million in 2013, to grow at 4.6% annually. It is projected to reach $1,940.0 million by the end of 2018. The defense supremacy is maintained by the United States with an expenditure of $1570.0 million on security and surveillance radar in the North American region in 2014. The eminent threat that Canada is facing from Russia, mainly due to the ongoing military operations in the Arctic Sea will boost Canada’s radar settlement in the northern part of the country.
http://www.micromarketmonitor.com/market/north-america-security-and-surveillance-radar-9188612096.html

Asia-Pacific Security and Surveillance Radar Market
The main purpose of security and surveillance radar systems is to detect and locate hostile targets in military action, as well as in commercial aviation. The application of radar is also used in other purposes, such as weather detection and navigation.The Asia-Pacific security and surveillance radar market was estimated at $1,160.0 million in 2013, to grow at 7.7% annually. It is projected to reach $1,810.0 million by the end of 2018. The potential of civil security is not limited to defense, as companies are now spending on UAVs, civil helicopters, and multi-mission aircraft, which are used for civil security air surveillance. Border and coastal security has now become the most important and significant field of investment to enhance the national security infrastructure.
The Asia-Pacific security and surveillance radar market can be segmented on the basis of platform and country. The platform segment is further classified into airborne and maritime surveillance radar, ground penetrating radar, coastal security radar, and weather and navigation radar. Among the application segment, the defense application dominates the market with a high market value. Key players in Security and Surveillance Radar market include ATC Global, Northrop Grumman, Exelis, SAAB, Scanter, Rockwell Collins, Honeywell International, Thales Group, and Lockheed Martin.
http://www.micromarketmonitor.com/market/asia-pacific-security-and-surveillance-radar-8445958787.html

Latin America Security and Surveillance Radar Market
The main purpose of security and surveillance radar systems is to detect and locate hostile targets in military actions, as well as in commercial aviation. The application of radar is also used in military purposes, such as weather detection and navigation.The South American security and surveillance radar market was estimated at $250.0 million in the year 2013, to grow at 7.2% annually. It is projected to reach $360.0 million by the end of 2018. The potential of civil security is not limited to defense, as companies are now spending on UAVs, civil helicopters, and multi-mission aircraft which are used for civil security air surveillance. Border and coastal security has now become the most important and significant field of investment to enhance the national security infrastructure.
http://www.micromarketmonitor.com/market/south-america-security-and-surveillance-radar-3064379300.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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Read the full story at http://www.prweb.com/releases/security-and-surveillance/radar-market/prweb12047913.htm.


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