The Aerospace and Defense practice at MarketsandMarkets is pleased to announce its Analyst Briefing Presentation on the “Security and Surveillance Radar Market (Land Systems, Airborne Systems, and Naval Systems) - Global Forecasts and Analysis to 2014 - 2020” to be held on 12 Mar, 2014.
Security and Surveillance radar systems can operate as a standalone security/force protection radar system, detecting and alerting about perimeter intrusions on land, by air, and in water. The system can be programmed to detect intruders (personnel, vehicles, ships, boats, aircraft, ultra lights, UAVs) crossing pre-set site perimeters or zones, providing automated visual and audible notifications to security forces.
The global surveillance and security radar market is estimated to stand $6.08 billion in 2014 and is expected to grow at a CAGR of 5.97% to reach $8.61 billion by 2020. The regions that are believed to register growth in the forecasted period include the Middle East and Asia-Pacific. Even with the budget cuts in the U.S. and Europe, the market remains stable.
The report briefing includes information on key high growth markets and sectors, thereby marking the growth trend in the security and surveillance radar market. In addition, the report throws light on the current market trends, competitive scenarios, market drivers and restraints, geographic trends, and opportunities in technology advancements.
Saudi Arabia will be the key market player in the Middle Eastern region. The other key countries for the market will be South Korea, Canada, Russia, and UAE.
The market is expected to exhibit a balanced growth on all its platforms. Technologies like border surveillance and coastal security radars will be implemented. Increase in demand for man-portable radar systems is expected during the forecasted period.
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Note: An email containing the Login Details and Time of the Analyst Briefing will be sent to you soon after your registration.