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Radar Systems Market Worth 26.37 Billion USD by 2021PUNE, India, August 15, 2016 /PRNewswire/ -- The report "Radar Systems Market by Technology (CW Radars, Pulsed Radars), Application (Defense, Commercial), Range (Short, Long, Medium), Component (Antenna, Receiver, Transmitter), Frequency Band (L, X, C, S) and Region - Global Forecast to 2021", published by MarketsandMarkets, the market is expected to grow from USD 20.29 Billion in 2016 to USD 26.37 Billion by 2021, at a CAGR of 5.39% from 2016 to 2021. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 95 market data Tables and 73 Figures spread through 182 Pages and in-depth TOC on "Radar Systems Market" http://www.marketsandmarkets.com/Market-Reports/radar-system-market-207283650.html Factors, such as increased usage of radar systems in unmanned vehicles and homeland security, are expected to drive the growth of the radar systems market. The pulsed radars segment is estimated to lead the radar systems market in 2016 The pulsed radar segment led the radar systems market in 2016. This growth can be attributed to the fact that pulsed radar systems aid in efficient and accurate object detection and estimation of its range. Commercial is expected to be the fastest-growing segment of the radar systems market during the forecast period. Based on application, the radar systems market has been segmented into defense and commercial. The commercial segment is expected to lead the radar systems market. This can be mainly attributed to the increasing demand for radars across various industries, such as automotive and oil & gas. North America is projected to be the largest market for radar systems market. The North American region is projected to lead the Radar Systems Market, owing to various technological developments in radar systems and the presence of key players in the region. The Asia-Pacific radarsystems market is expected to grow at the highest CAGR, due to disputes and unrest in some countries in the region, which has led to the increased procurement of surveillance systems. Countries such as China, India, and Japan have invested significantly in coastal surveillance and weather detection capabilities. Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=207283650 Lockheed Martin Corporation is one of the key players in the radar systems market Lockheed Martin (U.S.), Rockwell Collins (U.S.), Saab Group (Sweden), BAE Systems (U.K.), Rheinmetall AG (Germany), and General Dynamics (U.S.) are among the key players operational in the radar systems market. Market share analysis has been carried out by tracking all the products of the key market players, their geographical presence, and recent developments. Browse Related Reports Air and Missile Defense Radar (AMDR) Market by Range (Short, Medium, Long & Strategic System), Application (Ballistic Missile Defense, Conventional), Platform (Ground Based, Naval, Airborne) & by Region - Global Forecast to 2021 http://www.marketsandmarkets.com/Market-Reports/air-missile-defense-radar-market-140105037.html Military Radar Market by Platform (Ground Based, Naval, Airborne, Space Based), Band Type (X & Ku Band, L & S Band, Others), Application (Weapon Guidance System, Surveillance) & Geography - Global Forecast to 2020 Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp About MarketsandMarkets: MarketsandMarkets is the largest market research firm worldwide 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 a 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. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact:
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