Dublin, Oct. 24, 2022 (GLOBE NEWSWIRE) -- The "Air and Missile Defense Radar (AMDR): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Air and Missile Defense Radar (AMDR) Market to Reach $18.4 Billion by 2027
The global market for Air and Missile Defense Radar (AMDR) estimated at US$12.3 Billion in the year 2020, is projected to reach a revised size of US$18.4 Billion by 2027, growing at a CAGR of 6% over the analysis period 2020-2027.
Naval-Based, one of the segments analyzed in the report, is projected to record a 6.4% CAGR and reach US$9.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ground-Based segment is readjusted to a revised 5.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.6 Billion, While China is Forecast to Grow at 5.6% CAGR
The Air and Missile Defense Radar (AMDR) market in the U.S. is estimated at US$3.6 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2027 trailing a CAGR of 5.6% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 4.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.
Airborne Segment to Record 5.3% CAGR
In the global Airborne segment, USA, Canada, Japan, China and Europe will drive the 5.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.4 Billion in the year 2020 will reach a projected size of US$3.5 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.1 Billion by the year 2027.
What`s New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Air and Missile Defense Radar (AMDR) - Global Key Competitors Percentage Market Share in 2022 (E)
- Air and Missile Defense Radar (AMDR) Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
- Product Overview
- Air and Missile Defense Radar (AMDR), A Definition
- Naval-Based AMDR
- Ground-Based AMDR
- Airborne-Based AMDR
2. FOCUS ON SELECT PLAYERS (Total 41 Featured)
- AIRBUS SAS
- BAE Systems PLC
- Boeing Company, The
- Cobham PLC
- Honeywell International, Inc.
- Israel Aerospace Industries (IAI)
- Kelvin Hughes Ltd.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Company
- Rockwell Collins, Inc.
- SAAB AB
- Thales Group
3. MARKET TRENDS & DRIVERS
- Rising Global Defense Budgets, the Foundation for Growth in the AMDR Market
- Healthy Defense Spending With Especially Expanding Budgets for Missile Defense to Amplify the Need for AMDR Systems
- Ongoing War Against Rising Terrorism Provides a Fertile Environment for the Growth of AMDR
- Ever-Present Threat of Terrorism & the Ensuing Strengthening of Terrorism Prevention Efforts to Expand the Addressable Market Opportunity for AMDR
- Despite the Decline in Confirmed Fatalities, the Dynamically Changing Face of Terrorism Makes AMDR an Important Counterterrorism Tool
- Evolution of New Generation Aerial Warfare Creates a Parallel Need for Air Threat Identification
- Strengthening Airpower of Military Bases Worldwide to Translate Into Exciting Opportunities for Counter Air Defense Systems
- Drone Weaponization, a New & Powerful Threat in the Making
- Ballooning of Commercial Opportunities for Anti-Drone Technologies In Response to the Growing Threat of Drone Weaponization & Worrisome Capability Gaps in Drone Defense to Benefit the AMDR Market
- Need for Larger Radar Footprints Grows Stronger & More Urgent InSync With the Growing Use of New-Age War Tactics, Spurring Development of Dual Band Radar & Multi-Mission Phased Array Radar
- AMDR Tops the List of Priorities in Military Modernization Programs
- Increased Development & Deployment of Ballistic & Stealth Missiles and the Ensuing Growing Investments in Airborne Missile Control & Surveillance, Emerges as a Key Growth Driver
- Growing Missile Defense Market in Response to Increased Ballistic Missile Production & Deployment to Spur Opportunities for AMDR
- Importance of Ground-Controlled Interception (GCI) as an Important Air Defense Tactic Despite the Rise of Airborne Early Warning and Control (AEW&C) Makes Ground-Based Radar the Largest Segment in the Market
- Increase in Drug Trafficking, Smuggling & Illicit Fishing to Bring In New Opportunities for Growth
- Massive Size of the Global Drug Trafficking & Smuggling Market Opens New Opportunities for AMDR in the Fight Against Transnational Crime
- Cyber Hacking of Missile Defense Systems, a Challenge to Reckon With
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/foism7
