Global Military Radars Market Size By Type (Ground, Marine, Aviation, Space), By Application (Air and Missile Defense Intelligence, Surveillance, and Reconnaissance (ISR), Navigation and Weapon Guidance, Space Situational Awareness), By Geographic Scope And Forecast

Military Radars Market Size And Forecast

Military Radars Market size had a valuation of USD 14.13 Billion in 2022 and is projected to reach USD 18.53 Billion by 2030, with an exceptional CAGR of 4.67% from 2024 to 2030.

The global Military Radars Market is experiencing potential growth as governments across the globe are heavily investing in cutting-edge defense solutions. Growing border tensions and power struggles between many neighboring countries are the primary drivers for the Military Radars Market, as they are technologically far more advanced and provide better control over borders than any other modes of surveillance. The Global Military Radars Market report delivers a holistic evaluation. The report thoroughly analyzes key segments, trends, drivers, restraints, competitive landscape, and factors that play a substantial role in the market.

Global Military Radars Market Definition

Radars are radiolocation systems that use radio waves for the measurement of various location-related parameters such as distance, angle, and the velocity of any object traveling in its range. Military Radars are advanced versions of radars that can detect as well as identify the target it is tracking.

In military operations, radars are one of the primary means of security and protective measures. Military Radars track down various flying aircraft, marine ships, and other unidentified objects while also measuring their velocity and travel direction.

Radars work in a similar way to that Sonars. Radars fire radio waves in all directions, which get reflected when they come in contact with any object. Based on these reflected radio waves, the device can tell the user about that object’s travel direction and velocity and even identify the object.

Global Military Radars Market Overview

The primary market for Military Radars is the defense industry which is expanding at a remarkable pace. Developed and developing countries are actively investing in defense solutions to stay ahead of their neighboring countries due to rising border tensions. With the technological advancements, many new technologies have hit the market, such as AI, machine learning, deep learning, etc., which are offering advanced applications to the defense sector. Because of such market developments, the defense sector is experiencing a surge in digital solutions and process automation to allow industry-wide automation.

Rising defense investment is one of the primary driving factors which is encouraging market players to invest in R&D to develop advanced systems. Such market developments have indeed increased the competition in the market, as almost all companies are competing for government contracts. Emerging markets such as China, India, and other Asian countries are land of opportunities for innovative players and market leaders. However, because of its relations with the defense sector, the market is limited by geopolitical restraints, preventing key players from doing business with countries that have ongoing conflicts with their native countries.

Global Military Radars Market Segmentation Analysis

The Global Military Radars Market is Segmented on the basis of Type, Application, And Geography.

Military Radars Market, By Type

• Ground
• Marine
• Aviation
• Space

Based on Type, we have segmented the global Military Radars market as Ground, Marine, Aviation, and Space. Our analysis has highlighted that the ground segment will be the dominant segment in the market because of its demand size and applications in maintaining safety. However, during the forecast period, the aviation segment will be the fastest-growing segment because of the increasing focus of governments on combat aircraft and UAVs.

Military Radars Market, By Application

• Air and Missile Defense
• Intelligence, Surveillance, and Reconnaissance (ISR)
• Navigation and Weapon Guidance
• Space Situational Awareness
• Other Applications

Based on Application, we have covered Air and Missile Defense, Intelligence, Surveillance, Reconnaissance (ISR), Navigation and Weapon Guidance, Space Situational Awareness, and other applications under the global Military Radars market. The Intelligence, Surveillance, and Reconnaissance segment is estimated to procure the largest market share because of the growing focus on ground surveillance and intruder detection.

Military Radars Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Based on Regional Analysis, the Global Military Radars Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The North American region is forecasted to dominate the global market due to the largest defense sector of the US and one of the largest defense sector spending. The US is also open to new and cutting-edge technologies, especially for the defense industry.

Key Players

The “Global Military Radars Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Lockheed Martin Corporation, Leonardo SPA, Northrop Grumman Corporation, Israel Aerospace Industries, and Raytheon Technologies Corporation.

This section offers in-depth analysis through a company overview, position analysis, the regional and industrial footprint of the company, and the ACE matrix for insightful competitive analysis. The section also provides an exhaustive analysis of the financial performances of mentioned players in the given market.

Key Developments

• In January 2021, Hensoldt collaborated with BIRD Aerosystems to develop an innovative radar control display for its HENSOLDT PrecISR advanced multi-radar product lineup.
• In January 2021, Northrop Grumman Corporation was contracted by the French government to deliver E-2D Advanced Hawkeye airborne radar system.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Military Radars Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the global Military Radars Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

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Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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