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. In 2017, the world's military budget was US$ 1739 billion. Some companies such as Vayyar Imaging are developing new evaluation kits to increase the market's growth. These kits allow manufacturers to test 3D radar systems, and then determine the most cost-effective applications.
Air
The increasing demand for advanced surveillance radars is driving the airborne radar system market. Market growth is also being driven by increased military aircraft procurement and development of next-generation models. Airbus recently signed a contract by the Indian Ministry of Defense to purchase 56 C-295 airliners by 2021. Airbus' final assembly line will deliver the first 16 aircraft to Spain while the remainder of the 40 aircraft will be made in India.
Marine
The market for marine radar systems is expected to grow at 2.4% CAGR over the forecast period. The number of maritime applications that radar is used for, such as surveillance and guidance weapons applications, has increased. This technology can identify moving and stationary objects and helps to prevent accidents. Although the economic downturn has had an impact on supply chain and manufacturing activities in general, marine radar consumption is expected to rebound once the economy stabilizes.
Unmanned
The Unmanned radar systems market report offers detailed information about the current developments and trade regulations. It also highlights opportunities for market players through the development of miniaturized radar and low-cost radar. Over the forecast period, however, strict trade regulations will continue to be a problem as well new jamming techniques.
Land
The market for global land radar systems is divided by region, into North America, Europe and Asia-Pacific. North America is the largest market for radar systems. This market accounts for 38.8% overall of the land-based military radar market. 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 is anticipated to grow at a CAGR of 10.1% between 2018 and 2022. The privatization of the sector for space exploration is expected be the reason for this 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.
Demand from the regions for radar systems
France's radar sensor market will grow at a high rate of CAGR (above 8%) over the next five-years. This is due in part to the growth of France's aerospace and defense industry and the increasing research and development of companies producing military vehicles and other special aircrafts.