SDI Report: Military Radar Market Valued at $13B by 2024

market researchA 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.

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