Military radar market to hit $15.7 billion by 2025

Global demand for military radar systems should increase by nearly 20 percent over the next 10 years, driven by growing use of radar systems and demand for early detection and situational awareness, predict Research and Markets analysts in Dublin.

Global demand for military radar systems should increase by nearly 20 percent over the next 10 years, driven by growing use of radar systems and demand for early detection and situational awareness, predict Research and Markets analysts in Dublin. The global military radar market should increase from $13.1 billion in 2015 to $15.7 billion by 2025, analysts report in "The Global Military Radar Market 2015-2025." Airborne, ground-based, and naval radars will be the top three largest shares of the global military radar market over the next decade, as North America dominates the military radar market with a 38.5 percent market share.

More in Communications