Military Radars Market Size was valued at USD 15.95 billion in 2022, expected to reach USD 23.39 billion by 2030, growing at a CAGR of 4.9% over the forecast period 2023-2030.
Radar is an abbreviation for radio detection and ranging systems. A military radar system is a detecting device that employs radio waves to determine an object's angle, range, and velocity. Radars are employed by defense forces for a variety of purposes, including monitoring, finding targets, and tracking their movements (aircraft, missiles, UAVs, naval vessels, and military land vehicles), directing other weapons, and countering incoming threats. Military radars can identify and classify targets such as crawling infantry, groups of walking men and low-flying helicopters. In addition, military radars are utilized for navigation and weather radars.
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KEY DRIVERS:
Radar and air defense systems Increasing procurement
Modern surveillance radars with low false alarm rates have aided countries dealing with border disputes, drug trafficking, and illegal immigration in the identification and prevention of these issues.
RESTRAINTS:
Incorporating these devices into national defense networks comes at a high cost.
These systems are extremely expensive to launch and maintain.
OPPORTUNITIES:
New-generation air and missile defense systems are required.
India, China, and Russia have developed hypersonic missiles that are difficult to intercept with missile defense systems.
CHALLENGES:
Radar jamming techniques that are new
These new radar-jamming techniques dramatically raise the R&D costs of constructing radar systems.
Due to the status of COVID-19, research and development of military radar companies around the world have been hampered by announced closures and government restrictions on public gatherings.
As governments spend money shifting to economic recovery as a result of the COVID-19 epidemic, industries may be slowing down the number of military radar systems. The production rate of companies that make military drones is adversely affected by the nature of COVID-19.
The cancellation of several international exercises and the reduction of military activity worldwide due to COVID-19, have harmed the market for military radars as demand for the remaining components is low.
After COVID-19, the military radars market could see significant growth as several countries have already ordered or planned to purchase their military drones.
The growing security concern coupled with the rising defense budget is contributing to strengthening industry growth prospects. The rise of technology has had a positive impact on the industry and leads to the development of lightweight radars. Strategic alliances between industrial players and increased focus on border protection activities create greater demand for military radar systems. The modern operations of military equipment and heritage systems around the world are creating new ways of expanding markets. The industry is expected to see an increase in demand due to increased terrorist activity, inter-state conflicts, border crossings, and more frequent border crossings. Military radar facilitates accurate detection, tracking, surveillance, ground mapping, and warning against hidden aircraft and weapons, thus providing security.
However, the market is very vulnerable to the current economic situation. The effects of the recession have had a profound effect on military spending around the world, reducing the potential for industrial growth. European countries, such as Russia, Germany, and the UK, have seen declining defense budgets due to major economic conditions and financial crises. In addition, the high cost of military radar and the development of space-based radar requires significant investment in the production and operation of R&D. The market is divided into three categories based on the platform: airborne, terrestrial, and naval radar. Due to cross-border conflicts, increased terrorism, and geopolitical issues among various countries, the land radar sector is expected to dominate the market in 2023. The airborne segment is expected to develop at the fastest CAGR between 2023 and 2030. The increase is linked to rising demand for unmanned aerial vehicle (UAV) radar and increased fighter aircraft procurement from Asian countries. The naval segment will develop significantly since it is used to identify and track the position of vessels, which aids in the safe navigation of a ship from one location to another. The market is separated into four ranges: long, medium, short, and extremely short. In 2023, the short-range category is expected to dominate the market. The company's expansion is due to its diverse security, border surveillance, and monitoring applications.
The long-range radar segment is expected to expand the most due to increased demand for long-range radars for naval surveillance and marine operations. Because of the increased demand for air surveillance and tracking radars, the medium-range segment is expected to grow significantly. Because of the increasing employment of these radars in important operations to protect land forces against mortars, air threats, and artillery, the very short-range segment will experience moderate growth.
By End-User
Air Force
Army
Navy
By Military Radar Type
Ground-based
Naval
Airborne
Space-based
By Dimension
2D
3D
4D
By Type
Surveillance & Airborne Early Warning
Tracking & Fire Control Radar
Multi-Function Radar
Synthetic Aperture & Moving Target Indicator Radar
Weapon Locating Radar
Ground Penetrating Radar
By Range
Very Short
Short Range
Medium Range
Long Range
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During the forecast period, Asia Pacific is expected to have the highest CAGR in the military radars market. This region's expansion can be ascribed to increased investments in air defense systems by China, India, and Japan. After the United States, China has the world's second-largest defense budget. It is a developing country with rapid expansion in the defense and transportation sectors. Through incentives, the Chinese government also pushes industrial enterprises to explore innovative technology in their operations. For example, China continues to prioritize long-term state-directed planning initiatives such as "Made in China" in order to replace imported technology with indigenous technology.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The key players in the Military Radars Market are Saab AB, Leonardo S.p.A, ASELSAN A., Northrop Grumman Corporation, Raytheon Technologies Corporation, L3Harris Technologies, Inc., Thales Group, Lockheed Martin Corporation, Israel Aerospace Industries Ltd., BAE Systems & Other Players.
Raytheon Technologies Corporation-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 15.95 Billion |
| Market Size by 2030 | US$ 23.39 Billion |
| CAGR | CAGR of 4.9% From 2022 to 2028 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By End-User (Air Force, Army, Navy) • By Military Radar Type (Ground-based, Naval, Airborne, Space based) • By Dimension (2D, 3D, 4D) • By Type (Surveillance & Airborne Early Warning, Tracking & Fire Control Radar, Multi-Function Radar, Synthetic Aperture & Moving Target Indicator Radar, Weapon Locating Radar, Ground Penetrating Radar) • By Range (Very Short, Short Range, Medium Range, Long Range) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Saab AB, Leonardo S.p.A, ASELSAN A., Northrop Grumman Corporation, Raytheon Technologies Corporation, L3Harris Technologies, Inc., Thales Group, Lockheed Martin Corporation, Israel Aerospace Industries Ltd., BAE Systems. |
| Key Drivers | • Radar and air defense systems Increasing procurement |
| Restraints | • Incorporating these devices into national defence networks comes at a high cost. • These systems are extremely expensive to launch and maintain. |
Ans: The market size of the Military Radars Market was valued at USD 15.95 billion in 2022.
Ans: The growth rate of the Military Radars Market is 4.9% over the forecast period 2023-2030.
Ans: The key players of the Military Radars Market are Saab AB, Leonardo S.p.A, ASELSAN A., Northrop Grumman Corporation, Raytheon Technologies Corporation, L3Harris Technologies, Inc., Thales Group, Lockheed Martin Corporation, Israel Aerospace Industries Ltd., and BAE Systems.
Ans: The Military Radars Market is segmented into 5 types: By Type, By Range, By Dimension, Military Radar Type, and By End-users.
Ans: Asia Pacific is expected to have the highest CAGR in the military radars market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8 Military Radars Market, By End-User
8.1 Air Force
8.2 Army
8.3 Navy
9 Military Radars Market, Military Radar Type
9.1 Ground-based
9.2 Naval
9.3 Airborne
9.4 Space based
10 Military Radars Market, By Dimension
10.1 2D
10.2 3D
10.3 4D
11 Military Radars Market, By Type
11.1 Surveillance & Airborne Early Warning
11.2 Tracking & Fire Control Radar
11.3 Multi-Function Radar
11.4 Synthetic Aperture & Moving Target Indicator Radar
11.5 Weapon Locating Radar
11.6 Ground Penetrating Radar
11.7 Weather Radar
12 Military Radars Market, By Range
12.1 Very Short
12.2 Short Range
12.3 Medium Range
12.4 Long Range
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of Latin America
14 Company Profiles
14.1 Saab AB
14.1.1 Financial
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Israel Aerospace Industries Ltd.
14.3 BAE Systems
14.4 Leonardo S.p.A
14.5 ASELSAN A.
14.6 L3Harris Technologies, Inc.
14.7 Raytheon Technologies Corporation
14.8 Northrop Grumman Corporation
14.9 Thales Group
14.10 Lockheed Martin Corporation
15 Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share analysis
15.3 Recent Developments
16. Conclusion
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