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Radar Market: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2027)LONDON, August 13, 2018 /PRNewswire/ -- With countries becoming more vigilant about their defence, automotive, and mining technologies, investment on enhancing the current technologies and changing them to cutting edge technologies has become the need of the hour. Technology has become ubiquitous now, but organizations along with the government of several countries are funding research and development activities in order to gain the patent of future generation technologies. Several developing and developed nations are now focusing on the use of radar in automotive, mining activities, and military and aerospace in order to stay technologically ahead. The nation in Western Europe are taking sturdy steps in order to improve the overall security infrastructure. This particular step is in response to the instability in the nation in the Middle East and Africa and Eastern Europe. With instability pertaining to politics, international relations, terrorism, and civil wars rising, the demand for advanced technology for defence systems is expected to take a boost in the years ahead, thus increasing the demand for radar as in the near future. It has also been projected that many European nations will increase their defence budgets after NATO's leader, the U.S. issued a guideline that the NATO nations are required to allocate 2% of their GDP to defence. Asia Pacific excluding Japan is also expected to give a neck to neck competition to Western Europe with nations such as China and India focusing on defence budgets extensively. China and India has launched numerous initiatives, under which, these countries are looking to localize the production of defence equipment and reduce their dependency on foreign powers. They have also aimed to gain technological expertise through collaborations with major defence contractors. Download the full report: https://www.reportbuyer.com/product/5392484 About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +1 (718) 213 4904 Website: www.reportbuyer.com View original content:http://www.prnewswire.com/news-releases/radar-market-global-industry-analysis-2012---2016--opportunity-assessment-2017---2027-300696225.html SOURCE ReportBuyer |