AMDR Market Growing at Healthy CAGR Thanks to Continued Demand

The AMDR or air and missile defense radar provides integrated air and missile defense and periscope detection to the defense destroyers. Basic function and key characteristic of these radars is to release early warnings about approaching missiles or enemies’ airborne systems from great distance. Early detection of such approaches is vital in case of military attacks and warlike situations. The global AMDR market is gaining steady traction with continual demand from various parts of the world. Apart from the United States of America, the market is also gaining equal demand from emerging markets including Russia. As a result, the businesses in this industry are looking forward to attaining stability in near future. Segments in AMDR Industry The global air and missile defense radar market is segmented on the basis of the types of architectures, stakeholders, geographic regions and countries with maximum demand for these products. Airborne, land-based, and airborne are the three basic sub-segments of the types of architecture. Geographically, the industry is segmented into North America, Latin America, Asia Pacific, Middle East and Europe. Stakeholders in the global AMDR market include all government departments pertaining to AMDR, defense system manufacturers, software providers, armed services, and sub-component providers. Here is a list of leading countries in the market in terms of demand:

  • United States, Russia, United Kingdom, Germany, France, Indonesia, Saudi Arabia, India, Australia, United Arab Emirates, Japan, South Korea, Canada, Brazil, and Turkey

Trends and Drivers for AMDR Market United States of America has always been the most dominating geographic region in the AMDR market, in terms of demand and production of air and missile defense radars. Apart from the US, countries from Asia Pacific and Middle East are also creating strong business prospects within the global market. Rising demand from across the globe is a major driver for the industry. Increasing military surveillance activities, strengthening of the global military powers, increasing requirement for long range early warning, and ground based interceptions are also a few major drivers for this steady growth within the global market for air and missile defense radars. Asymmetric nature of the modern warfare calls for powerful surveillance and advanced technologies to detect the conventional as well as nuclear attacks. AMDRs also play major role in the overall success of the defense mission. All these factors are slowly and steadily driving the global market. According to the market research, developing countries like South Korea, Japan, Saudi Arabia, UAE, and Israel are strongly driving the growth within the global market. According to the market research reports, AMDR market is estimated to grow at an expected CAGR of over 6% from 2014 to 2020. At the projected CAGR, it is expected to reach 10.40 billion in 2020. In 2014, the market was worth $7 billion.