X-band radar market to hit $8.24 billion by 2025: Report
DUBLIN. The global X-band radar market is set to rise at a combined annual growth rate (CAGR) of approximately 4.9 percent over the next decade, to reach approximately $8.24 billion by 2025, according to an Accuray Research report offered by Research and Markets.
The growth will be due in part to -- according to the market research -- growing implementation of ballistic missiles, increased use of air and missile defense systems by nations, and rising demand for dual-band radars.
The report also identifies the key global players in the X-band radar market, including Raytheon, Terma, Saab, Northrop Grumman, Kelvin Hughes, and Israel Aerospace Industries.
For more information on the market forecast -- titled "Global X-Band Radar Market Analysis & Trends - Industry Forecast to 2025" -- please visit Research and Markets.