A new Strategic Defence Intelligence report released through ReportBuyer states that the global military radar market will reach a value of $13.3 billion by 2024 at a compound annual growth rate of 1.41 percent.
ReportBuyer said Monday the “The Global Military Radar Market 2014-2024 – Market Size and Drivers: Market Profile” report also includes an analysis of spending patterns and modernization activities in the sector.
SDI segments the market into naval, airborne, ground-based and space-based radar systems.
It has pegged the current value of the global military radar market at $11.6 billion.