Military Tracking and Fire Control Radars Market

Radars are radio detection and ranging system. A military radar system is a detection system which uses radio waves to determine the angle, range, and velocity of the objects. Radars are used by defense forces for several purposes such as for surveillance, to find targets & track their movements (aircrafts, missiles, UAVs, naval vessels, and military land vehicles), to direct other weapons, and in taking countermeasures against incoming threats. Military radars are also capable in detecting & classifying targets such as crawling men troops, group of walking men and low flying helicopters. Military tracking & fire control radar is used as a weapon control radar which evaluate the position of the targets and informs the fire control systems installed on the missiles.

COVID-19 Scenario analysis:

• Due to COVID-19 situation, the research & development in military tracking & fire control radars companies across the globe have been hampered due to the declared lockdowns and government restrictions on public gatherings.
• As governments spending shift towards economic recovery due to COVID-19 pandemic, industries may experience reduction in quantity of order for military tracking & fire control radars.
• Production rate of military tracking & fire control radar making companies have been affected adversely due to COVID-19 situation.
• Cancellation of several military exercises between nations and reduction in military activities worldwide due to COVID-19, has been impacting adversely to military tracking & fire control radars market as demand of relevant spare parts is also low.
• Post COVID-19, military radars market can see a significant growth as several countries have either already ordered or planning to procure military tracking & fire control for their forces.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Rising security concerns among countries, increase in defense budgets of emerging economies, and growing use of radar systems are the factors which drive the military tracking & fire control radars market. However, high costs involved in development of radars and new radar jammer techniques is hampering the growth of military tracking & fire control radars market. On the contrary, development of new advanced radar systems, increasing application of UAVs in combat roles, and increasing demand of next generation air & missile defense systems will further contribute in the growth of military tracking & fire control radars market.

Increase in defense budgets of emerging economies

Countries such as India, China, Russia are increasing their defense budgets due to several regional & global interests. For instance, India & China has increased their defense budget to 5.8 % & 6.6& respectively. Such increase in defense budgets, will allow the defense forces to procure new advance military radars, which will also increase the demand of military tracking & fire control radars and hence, driving the global military tracking & fire control radars market.

Key benefits of the report:

• This study presents the analytical depiction of the global military tracking & fire control radars industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global military tracking & fire control radars market share.
• The current market is quantitatively analyzed to highlight the global military tracking & fire control radars market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global military tracking & fire control radars market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the military tracking & fire control radars market research report:

• Which are the leading market players active in the global military tracking & fire control radars market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

 Military Tracking and Fire Control Radars Market Report Highlights