ReportsnReports.com include Global Air and Missile Defense Radar System Market 2016-2020 a new research report. The introduction of new AMDR programs, with features like long-range detection of missile threats, is globally trending in the market. They are also equipped with services like laser light, real-time monitoring, and GPS, which aid in efficient detection and identification of missile launchers. Advanced airborne radars characterize long-range and high-resolution surveillance capabilities. They are more capable and accurate than the LSRS and equipped with features like NetTrack. In addition, heightened commercial off-the-shelf (COTS) procurement for its reduced cost, increased reliability, and improved quality is another trend in the market.
Complete report on AMDR system market spread across 76 pages, analyzing 5 major companies and provides 44 data exhibits is now available at http://www.reportsnreports.com/reports/521090-global-air-and-missile-defense-radar-system-market-2016-2020.html .
The analysts forecast global AMDR system market to grow at a CAGR of 6.81% during the period 2016-2020. Advanced battlefield surveillance radars (BFSR) offer enhanced missile detection and tracking capabilities. Unlike conventional radars, they can track multiple targets. In addition, they can also differentiate between targets such as light and combat vehicles, low-flying helicopters, crawling men, and marching soldiers. Sea-based X-band radar-1 (SBX-1) is also being widely adopted owing to its exceptional stability in high winds and storms and tracking ballistic missiles.
The naval AMDR system segment will be the largest market segment during the forecast period and will account for an impressive market share of more than 47% by 2020. Increasing investments in the development and procurement of these systems by countries like the US, Russia, Israel, South Korea, and Japan will lead to the growth of this market segment. Furthermore, with the increasing demand for naval AMDR systems from the US Department of Defense (DOD) and the Russian Ministry of Defense (MoD), the US Navy was compelled to initiate a joint commission to increase the ballistic missile defense radar systems in the future naval fleets.
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In this market analysis, market research analysts have estimated the Americas to be the largest market for AMDR systems during the forecast period. During 2015, the US House of Representatives passed a defense budget of USD 585 billion, through the National Defense Authorization Act (NDAA), which is likely to account for 54% of the total federal discretionary spending. This recent increase in the total federal discretionary spending will aid in the steady growth of this market in the Americas.
The global AMDR systems market is highly competitive as most of the vendors compete on the basis of cost, product quality, reliability, and aftermarket service. To survive and succeed in this intensely competitive market, it becomes crucial for vendors to provide cost-effective and high-quality AMDR with latest technology and materials to the end users.
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Key players in the Global Air and Missile Defense Radar System Market: General Dynamics Corp., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Co., and Reutech Radar Systems. Other Prominent Vendors in the market are: BAE Systems, Finmeccanica, Israel Aerospace Industries, Saab, and Thales Group.
Further, the report states that budget cuts and sequestration in the US have severely affected the ongoing AMDR programs. They also had an adverse impact on the production and procurement of spare parts and accessories for AMDR systems. Major airborne, land-based, and naval programs were put on hold or canceled.
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