DUBLIN, May 30, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Air and Missile Defense Radar (AMDR) Market by Range, Application, Platform & by Region - Global Forecast to 2021" report to their offering.

The global air and missile defence radar (AMDR) market was valued at USD 8.79 Billion in 2016 and is projected to reach USD 12.52 Billion by 2021, at a CAGR of 7.34% from 2016 to 2021.

Increased concerns towards prevention from ballistic and stealth missiles, target racking and early warning, airborne fire control, surveillance, and ground mapping, among others, are driving the demand for AMDRs across the globe.

Ground-based AMDRs have the largest share in the global AMDR market in 2016. These systems are mostly used for military and homeland security application. X-band and S-band radars are widely used for ground-based AMDR application, whereas naval radars are used for naval surveillance and target detection, such as ballistic 7 stealth missile, and long range artilleries, among others. These systems are also used for monitoring drug trafficking, smuggling, piracy, illicit fishing, and terrorism. Airborne AMDR systems are widely used for air space surveillance, intrusion detection, early warning systems, and missile defence application.

The global air and missile defense radar market, on the basis of region, is dominated by North American countries that include the U.S. and Canada. North America has the highest share in the global AMDR market. High demand for air surveillance systems, and air and missile defence radars in the U.S. is majorly driven by the AMDR program, the three dimensional expeditionary long range radar (3DELRR) program, space fence program, procurement of AN/TPS- 59, AN/TPS-63, And AN/TPS- 80 radar systems, and the acoustic rapid COTS Insertion (A - RCI) program.

New-age war tactics present numerous challenges for automation of AMDR systems. AMDR systems are not fool-proof. Cyber hacking of fully automated AMDRs may result in unrecoverable damage to critical infrastructure and country security. False signals may prevent from detection of actual targets, such as ballistic and stealth missiles adding to the challenge. Communication loss, scrambled pilot radios and information stealing are the probable outcomes of a cyber-attack.

Basically, Lockheed Martin stands as one of the world's premier companies in aerospace, defence, security, and technologies industry. It is world's largest defence contractor. Lockheed Martin operates in five business segments namely, aeronautics, information systems and global solutions, missiles and fire control, mission systems and training, and space systems. Its space and defence solutions, including advanced missile defense systems, naval systems, radar systems, electronic warfare and unmanned system, among others, offer high-quality security capabilities to their customers across the globe.

The major competitors of Lockheed Martin are Israel Aerospace Industries, Boeing, Raytheon, General Dynamics, Northrop Grumman Inc., Reutech Radar Ltd (South Africa), among others.

Companies Mentioned

- Airbus Group

- Almaz-Antey

- BAE Systems

- Finmeccanica SPA

- General Dynamics

- Israel Aerospace Industries Ltd.

- Lockheed Martin Corporation

- Northrop Grumman Corporation

- Raytheon Company

- Reutech Radar Systems

- SAAB Group

- Thales Group

For more information visit http://www.researchandmarkets.com/research/w4g52k/air_and_missile

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SOURCE Research and Markets