Radio detection and ranging (RADAR) is a detection and surveillance system which uses radio frequency to detect any object. Radar has the capacity to find any stationary or moving object and determine their shape, distance, angle, velocity and other static and dynamic properties. Radars are primarily developed for military applications and are extensively used for surveillance and detection. The modern military radar system has the capability of surveillance while based on the ground, ships and aircraft carriers, aircraft, and also on space stations. The profound proliferation of advanced electronics has amplified the capacity of radar systems, expanding its application area. In addition, advanced electronics has made the military radar system more compact and easy to maneuver. Consequently, the aforementioned merits have boosted the demand for the modern military radar system in the past few years.
Many countries across the globe are facing crucial security issues such as territorial conflicts, terrorist activities, and illegal infiltration. Various national governments are heavily investing in order to strengthen their war capabilities and surveillance system. Consequently, the advanced military radar system is heavily procured by the governments for better surveillance and detection of their borders and inaccessible regions. Apart from ground surveillance, military radar system is also capable of inspecting the water bodies and airspace. In addition, the military radar system is used for military activities such as warning against hidden explosives and mines, ground mapping and detection of stealth aircraft, incoming projectiles, and vehicles.
The report titled “Military Radar Market- Growth, Future Prospects and Competitive Landscape, 2023-2030” offers strategic insights into the global military equipment market with a focus on the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of market segments based on types and cross-sectional study across different geographies. The study covers the comparative analysis of each sub-segment for the years 2023-2030. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities.
In order to help strategic decision makers, the report also includes competitive profiling of the leading military radar manufacturers, their strategies, market positioning and key developments. Some of the major players profiled in the report include Lockheed Martin Corporation, BAE Systems, General Dynamics Corporation, Airbus Group, Raytheon Company, Thales Group, Northrop Grumman Corporation, Saab Group, Israel Aerospace Industries (IAI), and Finmeccanica SPA. Other in-depth analysis provided in the report includes:
As of 2020, the ground-based military radar system dominated the overall military radar market worldwide. Ground-based radar helps to detect hidden explosives, mines, underground infrastructures, bunkers, tunnels, and several other objects making them highly useful for land defense. These radar systems make a big impact during live war situations and can be used to prevent heavy losses. Thus, defense system depends heavily on ground-based military radars. Consequently, the demand for ground-based military radar is expected to remain high during the forecast period.
Airborne military radar is projected emerge as the fastest growing radar system in overall military radar market. Generally mounted on aircraft, theses radar systems are capable of detecting unauthorized air infiltration by any manned/unmanned aircraft, missiles, and projectiles. Airborne radar system makes a big impact in modern air warfare. Therefore, the segment is expected to grow at a considerable rate in the following years.
North America dominates the overall military radar market, in terms of revenue, as of 2020. The market here is principally driven by the U.S. contributing to more than 90% of the regional market revenue. The U.S. accounts for the highest spending over defense systems (including military radar). Due to border issues along Mexico, radar systems have been witnessing consistent demand since the past several years. In addition, the presence of a large number of major companies is another major factor supporting the market growth here. Subsequently, North America would continue to dominate the overall military radar market throughout the forecast period.
Asia Pacific trails North America in the overall military radar market, in terms of revenue. Asia-Pacific countries such as China, India, Japan and South Korea are striving extensively to expand their war capabilities. The aforementioned countries contribute the majority of the market revenue in Asia Pacific. Due to rising border tensions along with the expenditure over defense systems, Asia Pacific is projected to emerge as the fastest growing market in the following years.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Military Radar market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
