Airborne Radar Market Achieved USD 7,558 million by 2028, Expanding at a CAGR of 8.2% | Size, Global Analysis & Industry Forecast

Airborne Radar Market

The Airborne Radar Market is expected to reach USD 7,558 million by 2028, growing at a CAGR of 8.2% over the forecast period (2021-2028).

For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/airborne-radars-market/

The factors driving the growth of Airborne Radar Market includes increasing deployment of lightweight radars at Unmanned Ariel Vehicles (UAVs), rising incidences of cross borer conflicts and terrorism around the world, growing application of airborne radars to predict natural disasters such as floods, earthquakes and cyclones and improvements in the living standards. According to the report published by Bloomberg, the Global Unmanned Ariel Vehicles Market was calculated around USD 25.9 billion in 2019 and is expected to reach USD 133.5 billion by the end of 2026, growing at a CAGR of 26.4% over the forecast period (2021-2026), which will accelerate the Airborne Radars Market size in coming years. Moreover, technological advancements in Active Electronically enhanced Array (AESA), rise in the launch of innovative products, increase in Government's expenditure on the defense sector, growing geo-political tensions between Countries and emerging uncertainties of war, are some of the additional factors supplementing the market growth. In addition, the increasing vestments by leading companies on research and development, rapid urbanization, and growing population growth rates, are further contributing to the market growth.

However, growth of the Airborne Radar Market is hindered due to high maintenance cost of airborne radars.

The major players operating in the Airborne Radar Market are Leonardo S.p.A., BAE Systems, Israel Aerospace Industries Ltd, Lockheed Martin Corporation., Northrop Grumman., Thales Group, Hindustan Aeronautics Limited (HAL), L3Harris Technologies, Inc., Elbit Systems Ltd. and Hensoldt AG, among others.

Based on Technology, the Software defined Radar segment is predicted to grow at a significant CAGR during the forecast period

Increasing application of software defined radars in processes such as filtering up, down-conversion and signal generation, is propelling growth of the segment.

Based on Frequency Band, the X-Brand segment is projected to expand at a robust CAGR over the forecast period

Growing demand of aircraft fleet for defense and commercial purposes and high frequency range of X-Brand airborne radars, are pushing growth of the segment.

Based on Region, the North American region is anticipated to capture the largest market share during the forecast period

As per the Airborne Radar Market Report, presence of major corporations such as Northrop Grumman, Lockheed Martin, L3Harris Technologies, Inc., rise in Government's spending on the defense sector, increasing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North American region.

Key Developments

In February 2021, Hindustan Aeronautics Limited (HAL) inducted ELTA-sourced electronically scanning radar in jaguar Darin III fighter jets. ELTA radar is an advanced fire control radar specifically designed for air-to-air attacks and provides electronically scanning array technology.
In January 2021, Hensoldt and BIRD Aerosystems (Israel) agreed to develop additional advanced capabilities for the radar control and display (RCD) in the HENSOLDT PrecISR advanced multi-mode radar family

Market Segmentation

Segmentation by Technology

Software defined Radar
Conventional Radar
Quantum Radar

Segmentation by Frequency Band

C-Band
X-Band
L-Band
Ku-Band
Others

Segmentation by Application

Surveillance
Weapon Guidance
Others

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

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