R&D in military simulation is driving growth in the global radar systems market. This is in addition to rising defence spending in emerging markets. The world's 2017 military budget was US$ 1739 million. Some companies such as Vayyar Imaging are developing new evaluation kits to increase the market's growth. These evaluation kits enable manufacturers to test their 3D radar systems and determine which applications are the most cost-effective.
Air
The growing demand for airborne surveillance radars is the main driver of the market for airborne radar systems. Market growth is also being driven by increased military aircraft procurement and development of next-generation models. The Indian Ministry of Defense signed a contract to purchase 56 C-295 aircraft from Airbus by 2021. Airbus' final assembly plant in Spain will receive the 16 first aircraft while India will produce the remaining 40.
Marine
The marine radar systems market is expected to grow at a CAGR of 2.4% over the forecast period. Radar has been used in many maritime applications including surveillance and weapons guidance. This technology can identify moving and stationary objects and helps to prevent accidents. The economic downturn has negatively affected the supply chain, manufacturing, and consumption of marine radar. However, this technology is expected to be rediscovered once the economy stabilizes.
Unmanned
The Unmanned radar systems market report offers detailed information about the current developments and trade regulations. The report also highlights market opportunities through the development and sale of low-cost radars and miniaturized radar. Over the forecast period, however, strict trade regulations will continue to be a problem as well new jamming techniques.
Land
The global market for land radar system is segmented according to region: North America, Europe, Asia-Pacific. North America is home to the largest number of radar systems. It accounts for 38.8% in the total land-based market for military radar systems. The Asia-Pacific region, on the other hand, accounted for a larger share of the land radar systems market. This is due mainly to countries like China and India. Latin America is also important for radar systems.
Space
The global Space for radar systems market should grow at a 10.1% annual rate between 2018 and 2022. The privatization sector of space exploration will be responsible for the expected growth. With the increasing support of the government in developing the space sector, private organizations have received support for commercial space flights and are increasingly using space radar systems.
Regional demand for radar systems
France's radar sensors market is expected to grow at an impressive CAGR of more that 8 percent over five years. This is due to several reasons, including the growing aerospace & defence industry in France and increasing research & development activities in companies making military vehicles or special aircrafts.