Military Radars Market Size, Industry Trends, Share, Growth & Forecast Report 2024-2032

Comments · 18 Views

The global military radars market size reached US$ 16.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 23.0 Billion by 2032, exhibiting a growth rate (CAGR) of 3.77% during 2024-2032.

Summary:

  • The global military radars market size reached USD 16.3 Billion in 2023.
  • The market is expected to reach USD 23.0 Billion by 2032, exhibiting a growth rate (CAGR) of 3.77% during 2024-2032.
  • North America leads the market, accounting for the largest military radars market share due to increasing defense spending.
  • Surveillance and airborne early warning radar account for the majority of the market share in the product type segment owing to the rising demand for advanced detection and monitoring.
  • Ground-based platform holds the largest share in the military radars industry as they are vital for border security.
  • VHF/UHF band remain a dominant segment in the market as they offer long-range detection and reliable communication.
  • On the basis of dimension, the market has been divided into 2D radar, 3D radar, and 4D radar.
  • Based on the application, the market has been categorized into air and missile defense, intelligence, surveillance and reconnaissance, navigation and weapon guidance, space situational awareness, and others.
  • The growing defense budget across the globe is a primary driver of the military radars market.
  • Technological advancements and the emerging geopolitical tensions are further reshaping the military radars market.

 

 

Request to Get the Sample Report: https://www.imarcgroup.com/military-radars-market/requestsample

Industry Trends and Drivers:

  • Increasing Defense Budgets:

One of the primary factors driving the growth of the military radars market is the consistent rise in defense budgets across various nations. Governments, especially in developed and developing economies, are allocating substantial portions of their budgets toward defense modernization programs, focusing on advanced technologies, including radar systems. The growing need for enhanced national security, driven by regional conflicts, cross-border tensions, and threats from non-state actors, has made radar systems a top priority for many military forces.

Radars are crucial for early detection, surveillance, reconnaissance, and missile defense applications, which are essential components of modern warfare. As countries seek to bolster their air defense, naval surveillance, and ground-based radar capabilities, significant investments are being made in cutting-edge radar systems.

  • Geopolitical Tensions:

Escalating geopolitical tensions and conflicts are playing a crucial role in driving the demand for military radars. In some regions, ongoing territorial disputes and military standoffs have prompted nations to enhance their defense and surveillance capabilities. Military radars are critical for monitoring borders, tracking potential threats, and ensuring national security in such volatile environments.

Furthermore, the growing threat of missile attacks, particularly from rogue states and terrorist organizations, is driving the demand for missile defense radars capable of detecting and intercepting incoming projectiles. These geopolitical dynamics are expected to persist, with nations focusing on upgrading their radar infrastructure to maintain a strategic edge in an increasingly unstable global landscape.

  • Technological Advancements:

The rapid pace of technological advancements in radar systems is significantly contributing to the growth of the military radars market. Modern radars are becoming more sophisticated, offering enhanced capabilities such as higher resolution, faster detection, and the ability to track multiple targets simultaneously. One of the most notable advancements is the development of active electronically scanned array (AESA) radars, which allow for better precision, flexibility, and reliability in military operations.

AESA radars are capable of detecting smaller targets at greater distances and can operate effectively in cluttered or contested environments. Furthermore, innovations in three-dimensional (3D) radar technology, which provide a complete three-dimensional view of the battlefield, are becoming increasingly essential for air and missile defense systems.

Speak to An Analyst: https://www.imarcgroup.com/request?type=reportid=4825flag=C

Military Radars Market Report Segmentation:

Breakup By Product Type:

  • Surveillance and Airborne Early Warning Radar
  • Tracking and Fire Control Radar
  • Multi-Function Radar
  • Weapon Locating and C-RAM Radar
  • Aircraft Bird Strike Avoidance Radar
  • Air Traffic Control Radar
  • Weather Radar
  • Others

Surveillance and airborne early warning radar account for the majority of shares due to the increasing demand for advanced detection and monitoring systems in air defense and reconnaissance missions.

Breakup By Platform:

  • Ground-based
  • Naval
  • Airborne
  • Space

Ground-based dominates the market as they are essential for border security, missile defense, and battlefield surveillance.

Breakup By Frequency Band:

  • VHF/UHF Band
  • L Band
  • S Band
  • C Band
  • X Band
  • Ku/Ka/K Band

VHF/UHF band represents the majority of shares because they are widely used for long-range detection and reliable communication in military operations.

Breakup By Dimension:

  • 2D Radar
  • 3D Radar
  • 4D Radar

On the basis of dimension, the market has been divided into 2D radar, 3D radar, and 4D radar.

Breakup By Application:

  • Air and Missile Defense
  • Intelligence, Surveillance and Reconnaissance
  • Navigation and Weapon Guidance
  • Space Situational Awareness
  • Others

Based on the application, the market has been categorized into air and missile defense, intelligence, surveillance and reconnaissance, navigation and weapon guidance, space situational awareness, and others.

Breakup By Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

North America holds the leading position owing to significant defense spending and the presence of key radar manufacturers.

Top Military Radars Market Leaders: The military radars market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.

Some of the key players in the market are:

  • Airbus SE
  • BAE Systems plc
  • Elbit Systems Ltd.
  • Honeywell International Inc.
  • Israel Aerospace Industries
  • L3Harris Technologies Inc.
  • Leonardo S.p.A.
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Raytheon Technologies Corporation
  • Saab AB
  • Teledyne Technologies Incorporated
  • Thales Group

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No: (D) +91 120 433 0800

United States: +1–631–791–1145

Comments