The Global Market for Military Radars is Forecast to Reach US$16.8 Billion by 2024
Evolution of Warfare Into Tactical Combat & the Resulting Rise in the Value of Battlespace Awareness Drives Demand for Radars as a Technology Well Suited for Real-Time Information Acquisition, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Military Radars market. The global market for Military Radars is forecast to reach US$16.8 billion by 2024 , driven by the increasing use of information technology (IT) in military operations and the resulting expansion of the role of radars in enabling battlespace awareness. Against the backdrop of the evolving nature of modern warfare, implementation of advanced radar systems are poised to grow strong. Three of the major application areas of military radars poised to witness strong growth include surveillance/ battlefield reconnaissance; automatic enemy target recognition; and tracking s...