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X-Band Radar Market Worth $5.08 Billion by 2020
[July 02, 2015]

X-Band Radar Market Worth $5.08 Billion by 2020


DALLAS, July 2, 2015 /PRNewswire/ --

According to the new market research report "X-Band Radar Market by Type (Portable & Non-portable), Application (Defense, Government, & Commercial) - Global Forecasts, Trends & Analysis to 2015-2020", Published by MarketsandMarkets, the X-band radar market is estimated to be valued at $4.12 Billion by the end of 2015 and is projected to grow at a CAGR of 3.56% to reach $5.08 Billion by the end of 2020.

Browse 68 market Tables and 56 Figures spread through 145 Pages and an in-depth TOC on "X-Band Radar Market".

http://www.marketsandmarkets.com/Market-Reports/x-band-radar-market-210561157.html

Early buyers will receive 10% customization on this report. 

The key challenge faced by the X-band radar market is that of the stringent government regulations. With an increase in the number of key manufacturers of X-band portable radars, and the growing demand for these radars for commercial purposes, the X-band frequency spectrum is getting congested. This factor results in the government agencies restraining from allocating this frequency range for commercial purposes.

Speak to Analyst: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=210561157

North America is the leader in the worldwide market for portable X-band radars. The region is expected to witness a CAGR of 5.47% from 2014 to 2020. The region witnesses a strong demand of portable X-band radars in homeland and border security.

The European X-band radar market is expected to reach $1,602.09 Million by the end of 2015 and is projected to grow at a CAGR of 2.13% through the review period. The instability in Western Europe results in the need for procurement of military equipment like submarines, command and control systems, tactical hlicopters, mobile artillery-hunting radar systems and next generation Gripen aircrafts loaded with surveillance radars, to meet the need for stability in Europe despite the political challenges driving the radar market expenditure.



Asia-Pacific is expected to emerge as a potential revenue pocket in the next five years due to the rising demand of portable X-band radars for weather detection, border security, critical infrastructure monitoring, facility surveillance, and several other applications. Hence, the APAC market is projected to reach $654.36 Million by the end of 2015 and is expected to grow at a CAGR of 3.12% through the review period.

The market is segmented on the basis of the type, application, and geography. The competitive landscape includes an analysis of the market share of the leading companies in the X-Band Radar Market. The report includes analyses of the impact of the main drivers and restraints country-wise and region-wise to give better insight into the X-band radar market. Industry and market trends have also been highlighted, which would provide competitive market intelligence to utilize business opportunities.


The major players in the X-band radar market are SAAB AB (Sweden), Selex ES S.p.A (Italy), Thales-Raytheon Systems ( U.S.), Kelvin Hughes Limited (UK), and Israel Aerospace Industries Ltd ( Israel) to name a few.

Browse related reports 

Air and Missile Defense Radar (AMDR) Market (by Land-Based Systems, Naval Systems and Airborne Systems) - Global Forecasts and Analysis to 2014 - 2020
http://www.marketsandmarkets.com/Market-Reports/air-missile-defense-radar-market-140105037.html

Security and Surveillance Radar Market (Land Systems, Airborne Systems, and Naval Systems) - Global Forecasts and Analysis to 2014 - 2020
http://www.marketsandmarkets.com/Market-Reports/security-surveillance-radar-market-35330984.html

About MarketsandMarkets  

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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