Thursday, April 28th, 2016 - ReportsnReports

ReportsnReports.com adds Global Naval Radar Systems Market 2016-2020 latest research report, With the introduction of stealth technology in aircraft, corner reflectors rendered them undetected by conventional radar systems. However, the introduction of passive radar technology has overpowered the stealth technology. Unlike conventional radar systems, passive radars do not emit waves, and therefore, cannot be jammed. They can be placed at remote locations to track flying objects at low altitudes and are imperative for military operations. The analysts forecast global naval radar systems market to grow at a CAGR of 6.1% during the period 2016-2020.

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According to the Naval Radar Systems market report, technology has allowed unmanned aerial vehicles (UAV) to overcome critical drawbacks (such as navigational issues and automated operation) and be a vital part of military mainstream applications. Increased R&D in this field has brought improvement in their frameworks like the smaller size and reduced cost and has resulted in UAVs to be extremely efficient and exceedingly competent. Military operations always look for such increased reliability and proven effectiveness in any such new technology.

In this market study, the analysts have estimated factors such as the increasing use passive radars will contribute to the growth of this market in the coming years. The introduction of stealth technology in aircraft rendered them undetected by conventional radar systems. However, the emergence of the passive radar technology has overpowered the stealth technology. Unlike conventional radar systems, passive radars do not emit waves and so they cannot be blocked. The passive radars can be placed at remote locations to track flying objects at low altitudes, and therefore, are indispensable for military operations. For example, the European Aeronautic Defense and Space Company develops passive radars that can detect stealth aircraft through radiation signals emitted by mobile phone networks, radio broadcasts, or by other sources. Besides defense and naval operations, they are also used in commercial applications.

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During 2015, the Americas dominated the global naval radar systems market and accounted for close to 50% of the market share. The Americas is the largest defense spender and exporter, accounting for nearly 30% of all defense-related deals worldwide. Moreover, the funding for maritime programs witnessed a significant increase from the previous year. These factors will propel the growth prospects of this market in the Americas over the predicted period.

The global naval radar systems market is characterized by the presence of well-diversified international and small and medium-sized vendors. The competitive environment is expected to increase in product extensions, technological innovations, and an increase in the number of contracts and mergers and acquisitions in this market.

Key players in the Global Naval Radar Systems Market: Finmeccanica SpA, Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Co., and Thales Group.

Other Prominent Vendors in the market are: Airbus Defense and Space, BAE Systems, General Dynamics, Israel Aerospace Industries, and Saab Group.

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Naval Radar Systems Market, Naval Radar Systems Industry, Global Naval Radar Systems Market, Naval Radar Systems Market 2016, Market Research Reports

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