Military Radar Systems Market Upcoming Trends, Segmented by Type, Application, End-User and Region
Key Players: This report includes a study of strategies of major market players in the Global Military Radar Systems Market are General Dynamics, Israel Aerospace Industries, Saab AB, Selex ES, Thales, ASELSAN, Boeing , Harris, Lockheed Martin, Northrop Grumman, Raytheon, and Terma. Global Military Radar Systems Market is expected to grow at a CAGR of around 5% during 2016-2021. The factors driving the market are growing demand of radar for airborne and maritime surveillance, to counter drug trafficking and illegal trespassing, and modification & upgradation of conventional radar systems. As per the MRFR analysis, factors restraining the market growth are defense budget cuts in several countries, high investment, feasibility issues, and technical and operational challenges. The development of COTS components and Gallium Nitride (GaN) technology are the emerging trend in the market. Technological innovation is the key parameter where vendors are spending in t...