The global military radar market was valued at USD 15 billion in 2019 and is projected to reach USD 24 billion by 2028, expanding at a CAGR 7.52% during the forecast period. The growth of the market is attributed to improvements in the border safety globally.
Radio detection and ranging system (RADAR) is an object detection device that uses radio waves to determine the speed, direction, and altitude of the objects. The radio waves or microwaves are emitted by the antenna of the radar, which continue to advance until they hit an object. A part of the wave returns to the transmitter, which help determine the speed and other properties of the object. A radar is a pivotal tool in the military, as it is used to detect aircraft, vehicles, and missiles. The essential parts of this system are transmitter, waveguides, antenna, duplexer, receiver, and threshold decision.
The main purpose of radar is to detect distant targets and determine their range and accuracy under severe weather conditions , as opposed to optical and infrared sensors. The radar has its own transmitter, which is known as a source of illumination that is used to locate the target.
The report on the global military radar market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes | Details |
Report Title | Military Radar Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2020 |
Historic Data | 2018–2019 |
Forecast Period | 2021–2028 |
Segmentation | Platforms (Airborne Radar, Naval Radar, and Ground Radar), Range (Long, Medium, Short, and Very Short), Applications (Weapon Guidance, Airspace Monitoring & Traffic Management, Airborne Mapping, Ground Surveillance & Intruder Detection, Navigation, and Others), Frequency (C-Band, S-Band, X-Band, L-Band, and UHF/VHF), Components (Transmitter, Antenna, and Receiver) |
Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report | Raytheon Technologies Corporation, Lockheed Martin Corporation, IAI(Israel Aerospace Industries), Thales Group, Leonardo S.p.A., Northrop Grumman, BAE Systems, SAAB, and L3Harris Technologies, Inc. |
Based on platforms, the military radar market is segmented into airborne radar, naval radar, and ground radar. The ground radar segment is expected to hold a significant share of the market during the forecast period, due to rising cross border conflicts. The airborne segment is projected to hold a considerable share of the market during the forecast period, due to increasing demand for UAV radar and fighter jets.
On the basis of range, the market is segregated into long, medium, short, and very short. The short-range segment is anticipated to dominate the market during the forecast period, as it is widely used for border surveillance, security, and monitoring. The long range segment is expected to hold a considerable share of the market during the forecast period, as it is used for naval surveillance and maritime operations.
In terms of applications, the military radar market is categorized as weapon guidance, airspace monitoring & traffic management, airborne mapping, ground surveillance & intruder detection, navigation, and others. The ground surveillance & intruder detection segment is estimated to hold a significant share of the market during the forecast period due to increasing demand of radars for border security. Growing cross border conflict fuels the demand for military radar systems for surveillance.
Based on frequency, the market is divided into C-band, S-band, X-band, L-band, and UHF/VHF. The UHF/VHF frequency segment is projected to account for a significant share of the market during the forecast period, due to increasing demand for synthetic aperture radar (SAR). Additionally, rising demand for high frequency radars for airborne and maritime application is estimated to drive the market during the forecast period.
On the basis of components, the military radar market is segregated into transmitter, antenna, and receiver. The antenna segment is expected to hold a significant share of the market during the forecast period. The demand for antennas is increasing as they are reliable, efficient, and provide real-time communication.
In terms of regions, the global military radar market is fragmented into Europe, North America, Latin America, Asia Pacific, and Middle East & Africa. Asia Pacific is estimated to dominate the global market during the forecast period due to the increase in expenditure in the defense sector due to rising border tensions, which increases the demand for advanced threat detection system in the region.
Segments Covered in the Report
By Platforms
Key players focus on the strategies such as partnerships, mergers and acquisitions, collaborations, joint ventures, product development, technological advancements, and R&D. Some key players in the market are Raytheon Technologies Corporation, Lockheed Martin Corporation, IAI(Israel Aerospace Industries), Thales Group, Leonardo S.p.A., Northrop Grumman, BAE Systems, SAAB, and L3Harris Technologies, Inc.
Segments Covered in the Report
By Platforms
Key players focus on the strategies such as partnerships, mergers and acquisitions, collaborations, joint ventures, product development, technological advancements, and R&D. Some key players in the market are Raytheon Technologies Corporation, Lockheed Martin Corporation, IAI(Israel Aerospace Industries), Thales Group, Leonardo S.p.A., Northrop Grumman, BAE Systems, SAAB, and L3Harris Technologies, Inc.
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