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Military Radars Market

Military Radars Market By End-User (Air Force, Army, Navy), 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), by Regions and Global Forecast 2022-2028

Report Id: SNS/SEMI/1643 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Military Radars Market Size was valued at USD 15.21 billion in 2021 and US$ 15.95 billion in 2022, expected to reach USD 21.26 billion by 2028, and grow at a CAGR of 4.9% over the forecast period 2022-2028.

Radar is an abbreviation for radio detection and ranging system. 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 defence 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 as weather radars.

Military Radars Market Revenue Graph

MARKET DYNAMICS:

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 defence networks comes at a high cost.

  • These systems are extremely expensive to launch and maintain.

OPPORTUNITIES:

  • New-generation air and missile defence systems are required.

  • India, China, and Russia have developed hyper-sonic missiles that are difficult to intercept with missile defence systems.

CHALLENGES:

  • Radar jamming techniques that are new

  • These new radar-jamming techniques dramatically raise the R&D costs of constructing radar systems.

THE IMPACT OF COVID-19

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, has 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 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 2022. The airborne segment is expected to develop at the fastest CAGR between 2022 and 2028. 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 2022, 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 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.

MARKET KEY PLAYER

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.

MARKET SEGMENTATION:

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

Military Radars Market Segment Pie Chart

REGIONAL ANALYSIS:

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 defence systems by China, India, and Japan. After the United States, China has the world's second-largest defence budget. It is a developing country with rapid expansion in the defence and transportation sectors. Through incentives, the Chinese government also pushes industrial enterprises to explore innovative technology in their operations. For example, China continues to priorities 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 Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Military Radars Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 15.21 Billion
Market Size by 2028 US$ 21.26 Billion
CAGR CAGR of 4.9% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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.


Frequently Asked Questions (FAQ) :


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

 

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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Secondary Research

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