2021 Military Radars Market Growth Analysis, Size, Share, Trends And Forecast To 2030
The military radars market report describes and explains the global military radars market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
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The military radars market consists of sales of military radars by entities (organizations, sole traders and partnerships) that manufacture military radars. A military radar is a detection system used to detect presence, direction, distance, and speed of the air, ground and sea targets. Only goods and services traded between entities or sold to end consumers are included.
The global military radars market is expected to grow from $48.84 billion in 2020 to $49.68 billion in 2021 at a compound annual growth rate (CAGR) of 1.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $57.91 billion in 2025 at a CAGR of 3.9%.
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Some of the major players of the military radars market are Lockheed Martin, Raytheon Technologies, Thales Group, BAE Systems, Isreal Aerospace Industries, Leonardo, SAAB, ASELSAN, HENSOLDT, Airbus, General Dynamics, Northrop Grumman, Finmeccanica, Honeywell International, Harris corporation, L3Harris Technologies, TERMA.
The countries covered in the global military radars market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global military radars market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The global military radars market is segmented -
1) By Type: Land Radar, Naval Radar, Airborne Radar, Space-Based Radar
2) By Functionality: Surveillance And Airborne Early Warning Radar, Tracking And Fire Control Radar, Multi-Function Radar, Synthetic Aperture And Moving Target Indicator Radar, Ground Penetrating Radar
3) By Application: Weapon Guidance, Airspace Monitoring And Traffic Managent, Ground Surveillance And Intruder Detection, Air And Missile Defense, Navigation, Airborne Mapping, Ground Force Protection And Counter-Battery, Mine-Detection And Underground Mapping
Read More On The Global Military Radars Market Report:
Few Points From Table Of Content
1. Executive Summary
2. Military Radars Market Characteristics
3. Military Radars Market Trends And Strategies
4. Impact Of COVID-19 On Military Radars
5. Military Radars Market Size And Growth
26. Africa Military Radars Market
27. Military Radars Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Military Radars Market
29. Military Radars Market Future Outlook and Potential Analysis
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