The market consists of four major categories of radar systems ground-based, naval, airborne and space-based. The global military radar market is estimated to be valued at USD 9.1 billion in 2013. The value of the market is expected to increase marginally at a CAGR of 1.58% during 2013 to 2023. A comprehensive analysis of the spending and modernization patterns in different regions around the world helps in ascertaining the demand drivers and growth stimulators for the military radar market.
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