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Security and Surveillance Radar Market Estimated to Reach $8.61 Billion by 2020 – New Report by MarketsandMarkets

(PRWEB) July 13, 2014

According to the new market research report "Security and Surveillance Radar Market (Land Systems, Airborne Systems, and Naval Systems) - Global Forecasts and Analysis to 2014 - 2020", published by MarketsandMarkets, Security and Surveillance Radar market are estimated to be $6.08 billion in 2014 and are expected to register a CAGR of 5.97% to reach $8.61 billion by 2020.

Browse more than 93 market data tables with 47 figures spread through 161 pages and in-depth TOC on "Security and Surveillance Radar Market".

Early buyers will receive 10% customization on this report.

The report provides in-depth analysis of the present industry size and growth prospects for the forecasted period, including highlights of key growth stimulators. The report further benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

Security and surveillance radar systems will have a higher impact in the market. Military surveillance radars are evolving rapidly and will continue to do so in the forecasted period. Security and surveillance radar systems in all applications will play a major role in combat warfare.

There is a slight decline in the security and surveillance radar market. This decline is not due to the defense budget cuts in European countries and the U.S., but because of a rather significant growth in other regions like Asia-Pacific and the Middle East.

Airborne radar systems will have the highest CAGR across all platforms and will account for 35% of the total security and surveillance radar market in the forecasted period.

It provides detailed analysis of the market for military and commercial surveillance and security radars during the period 2014-2020. The report also incorporates the factors that persuade a country's expenditure on radars to cut or invest. It provides detailed expectations of growth rates and projected total expenditure.

It throws light on the leading competitors in the global Security and Surveillance Radar Market. Apart from the general overview of the companies it also focuses upon their financial position, key products, and markets.

For more details:

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About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.

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