Reportstack has announced that Air-based sector constitutes more than 50 percent of the Global Radar Market. The analysis is for the forecast period 2014-2018. Continuous technological innovation such as technology to reduce the air-based-environmental noise of up to 10,000 units and mobile phone signals, which produce an effective 3D image of the target object, is driving the growth of the Global Radar segment in the Air-based sector. In addition, usage of aircraft in the Defense and Commercial sector and increasing air traffic is also adding to the growth of this segment.
As per research analysis, the Global Radar market in the Air-based sector will be growing at a CAGR of 15.09 percent. The Sea-based Sector and Land-based Sector will be closely following this.
To determine the scenario for these vendors in the next 3-4 years, analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentation, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
To view the table of contents and know more details please visit Air-based sector constitutes more than 50 percent of the Global Radar Market report.
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