The global air and missile defense radar market size is projected to gain impetus from the increasing modernization programs in ballistic missile systems. Radars are an integral part of the defense industry and are used for monitoring illicit fishing, smuggling, piracy, terrorism, and drug trafficking.
“North America Dominated Market Accounting to Presence of Leading Manufacturers”
Regionally, North America accounted for the largest air and missile defense radar market share on account of the rising demand for air and defense missile systems from the developed nations such as Canada and the U.S. Companies with their manufacturing base in the U.S. produce AMDRs based on land, airborne, and marine to serve the U.S. military sector. Furthermore, the presence of major manufacturers in this region, coupled with the rising investments in missile defense programs will further help this region dominate the market in the coming years.
On the other side, the Middle East and Asia Pacific regions have witnessed a huge demand for airborne and nasal based AMDRs, attributing to the constant missile, and cross-border threats that they are receiving from the past few years. The increasing demand across these regions is likely to help attract significant revenue in the coming years.
November 2019 – The Raytheon Company won a contract worth $ 97.3 million for the support integration and production of the AN/SPY-6(V). This consists of software development for Aegis baseline 10 and the development of a maintenance training system.
December 2019 – Strategic Capabilities Office welcomes Northrop Grumman Corporation into their group for demonstrating the ground of the ballistic missile organized by the U.S. Air Force.
List of Companies Profiled in the Report:
- General Dynamics Corporation (the U.S.)
- Saab AB (Sweden)
- Reutech Radar Systems (South Africa)
- Lockheed Martin Corporation (the U.S.)
- Thales Group (France)
- The Raytheon Company (the U.S.)
- Northrop Grumman Corporation (the U.S.),
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