US: Research and Markets firm has revealed that Middle East countries like UAE, Saudi Arabia, and Israel can drive the growth of air and missile defense radar market in a report ‘Air and Missile Defense Radar (AMDR) Market (by Land-Based Systems, Naval Systems and Airborne Systems) – Global Forecasts and Analysis to 2014 – 2020’. The report highlights that US has been the biggest market for the air and missile defense radar system; in respect the recent economic scenario has seen a defense budget cuts in the US market as well. Countries in the Asia-Pacific region like South Korea, Japan can drive the growth of the market. India and China's market will be tough to penetrate because of their strict government regulations and indigenous programmes. Russia with respect to AMDR market continues to be highly indigenous with all the manufacturing done by Russian companies.
The overall effectiveness of the mission invariably depends upon AMDR systems and services. As modern warfare becomes more asymmetric in nature it thus increases the need for aerial protection from nuclear and other conventional weapon systems. The range of technologies available with respect to air AMDR systems is increasingly diverse and their rapid evolution is driving the demand for global AMDR systems.
Source: PR newswire