Although the global economic slowdown has impacted defense budgets worldwide – especially in Europe – the diversion of funds towards the rapid development and deployment of technology in the US and Asia, combined with the continuous programs of radar technology procurement in high growth markets such as the BRIC regions, sees the global military radar market set to grow at a CAGR of 1.58% over the next decade, according to the new report: The Global Military Radar Market 2013-2023.