Dublin, May 30, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Air and Missile Defense Radar (AMDR) Market by Range, Application, Platform & by Region - Global Forecast to 2021" report to their offering.
The AMDR market is estimated to be valued at USD 8.79 billion in 2016 and is projected to reach USD 12.52 billion by 2021, at a CAGR of 7.34% from 2016 to 2021
With increased demand for defense surveillance over porous and attack-prone borders, greater spending on defense sector by developing countries, and rise in terrorism and ongoing inter-country conflicts, the market for AMDRs is expanding subsequently. Rapidly increasing deployment of ballistic and stealth missiles in active warzones around the world, such as the Middle-Eastern countries, have also pushed the demand for AMDRs significantly.
Naval-based radars are expected to grow the fastest in the AMDR market
Naval-based AMDRs have the fastest growing market among other types of AMDR systems in North America, followed by naval radars. For example, Raytheon has been most active in the production of naval-specific radars, such as AMDR and Radar Suite Controller (RSC), designed for engagement of threats and long-range detection. The company enjoys high segmental revenue and geographic spread. Lockheed Martin has a decent geographic spread. It is followed by BAE Systems and SAAB.
North American region holds a dominant market share in the global AMDR market
The AMDR market, by region, is dominated by the North America nations, which includes the U.S., and Canada. High defense expenditure by the U.S. is the major driver behind the high market share. AMDR is majorly being used for ground-based and naval-based purposes. AMDR are used as they are specialized radars with very less cross-section area. The U.S. government is investing heavily in the missile defense program. As an important component of the missile defense system, it is attracting huge investments in AMDR. There are several manufacturers of AMDR in the U.S., that produce majority of airborne, naval and ground-based AMDRs for the U.S. military. These manufacturers have dominated the AMDR markets for years.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 AMDR Market, By Platform
8 AMDR Market, By Range
9 AMDR Market, By Application
10 AMDR Market, By Region
11 Competitive Landscape
12 Company Profiles
- Airbus Group
- Almaz-Antey
- BAE Systems
- Finmeccanica SPA
- General Dynamics
- Israel Aerospace Industries Ltd.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Company
- Reutech Radar Systems
- SAAB Group
- Thales Group
For more information visit http://www.researchandmarkets.com/research/m8mng9/air_and_missile