Military Radars Market at a CAGR of 5.1% during the forecast period

The Market Statsville Group (MSG) publishes the new report on the "Military Radars Market by Platform (Ground-based, Naval, Airborne, and Space), by Component Outlook (Antenna, Transmitter, Receiver, Power amplifier, Duplexer, Digital Signal Processor, Graphical User Interface, Stabilization System, and Others), by End-Users (Navy, Army, Air Force, and Space), by Waveform/frequency modulations (Frequency Modulated Continuous Wave and Doppler), by Technology (Software-Defined Radar, Quantum Radar, and Traditional/Noise Radar), by Product Type (Surveillance & Airborne Early Warning Radar, Tracking & Fire Control Radar, Multi-Function Radar, Weapon Locating & C-RAM Radar, Aircraft Birdstrike Avoidance Radar, Air Traffic Control Radar, Weather Radar, Airborne Moving-Target Indicator (MTI) Radar, Counter-Drone Radar, and Others), by Frequency Band (HF/VHF/UHF-band, L-band, S-band, C-band, X-band, Ku-band, Ka-band, and Multi-band), by Range Band (Very short Range (< 10 Km), Short Range (10-50 Km), Medium Range (50-200 km), Long Range(200-500 km), and Very Long Range (> 500 km)), by Application (Air and Missile Defense, ISR, Navigation and Weapon Guidance, Space Situational Awareness, and Other Applications), by Region - Global Share and Forecast to 2030".

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The global military radars market size is expected to grow from USD 14.3 billion in 2021 to USD 22.5 billion by 2030, at a CAGR of 5.1% during the forecast period. Growing defense expenditures, increasing deployment of stealth aircraft and hypersonic missiles, and focus on the next-generation radar systems are expected to be the main drivers for the market. On the other hand, the high technology cost of the development of radar systems is expected to restrain the market growth, especially in developing countries. Several nations are also upgrading their existing fleets with new generation radar systems to sustain and enhance their capabilities for a few more years. These programs are expected to run throughout the forecast period.

Global Military Radars Market Segmentation
The military radars market has been segmented into the platform, component, end-users, frequency modulations, technology, product type, frequency, range, application, and region.

By Platform Outlook (Sales, USD Billion, 2017-2030)

Ground-based
Naval
Airborne
Space
By Component Outlook (Sales, USD Billion, 2017-2030)

Antenna
Transmitter
Receiver
Power amplifier
Duplexer
Digital Signal Processor
Graphical User Interface
Stabilization System
Others
By End-Users Outlook (Sales, USD Billion, 2017-2030)

Navy
Army
Air Force
Space
By Waveform/frequency modulations Outlook (Sales, USD Billion, 2017-2030)

Frequency Modulated Continuous Wave (FMCW)
Doppler
By Technology Outlook (Sales, USD Billion, 2017-2030)

Software-Defined Radar (SDR)
Phased-Array Radar
AESA
PESA
MIMO
Quantum Radar
Traditional/Noise Radar
By Product Type Outlook (Sales, USD Billion, 2017-2030)

Surveillance & Airborne Early Warning Radar
Tracking & Fire Control Radar
Multi-Function Radar
Weapon Locating & C-RAM Radar
Aircraft Birdstrike Avoidance Radar
Air Traffic Control Radar
Weather Radar
Airborne Moving-Target Indicator (MTI) Radar
Counter-Drone Radar
Others
By Frequency Band Outlook (Sales, USD Billion, 2017-2030)

HF/VHF/UHF-band
L-band
S-band
C-band
X-band
Ku-band
Ka-band
Multi-band
By Range Band Outlook (Sales, USD Billion, 2017-2030)

Very short Range (< 10 Km)
Short Range (10-50 Km)
Medium Range (50-200 km)
Long Range(200-500 km)
Very Long Range (> 500 km)
By Application Outlook (Sales, USD Billion, 2017-2030)

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Air and Missile Defense
ISR
Navigation and Weapon Guidance
Space Situational Awareness
Other Applications
By Region Outlook (Sales, USD Million, 2017-2030)

North America (US, Canada, Mexico)
South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)
Air and missile defense, by application, is estimated to hold the largest market share during the forecast period

Based on application, the global military radars market is segregated into air and missile defense, ISR, navigation and weapon guidance, space situational awareness, and other applications. The air and missile defense segment generated the highest revenue of 29.3% of the global military radars market in 2021, and it is expected to register a significant CAGR from 2022 to 2030. Weibel Scientific, a Danish radar manufacturer, produces ground-based air defense radars capable of detecting and tracking very low-flying, small and slow (LSS) drones at a long distance. Thus, in November 2019, Weibel Scientific was awarded a major multi-million contract by KONGSBERG to supply radars for a new, mobile, ground-based air defense system for the Norwegian Army.

Raytheon is another leading manufacturer and integrator of such radar systems. Its SPY-6 family of radars is operational onboard seven classes of ships of the US navy. The SPY-6 radars are effective against ballistic missiles, cruise missiles, hostile aircraft, and surface ships and offer several advantages over legacy radars, including significantly greater detection range, increased sensitivity, and more accurate discrimination.

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North America accounts for the largest market share in the military radars market 2021

Based on the regions, the global military radars market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, North America accounted for the highest market share of 35.2% in the global military radars market and was anticipated to maintain its dominance throughout the forecast period. The US Navy, Air Force, and Space Force all would receive spending increases for research in the 2022 DOD budget, while the US Army and defense-wide agencies would receive modest cuts.

Additionally, to maintain the operational capabilities of existing naval vessels, the government is modernizing its fleet of the naval vessel with modern equipment. In this regard, in October 2020, the Royal Canadian Navy awarded an in-service support contract to Thales Canada to support the SMART-S MK2 radar system onboard Halifax-class frigates. Under the contract, the company may provide critical engineering, in-service support, and repair and overhaul services to maintain operational radar capabilities.

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This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the military radars market. It also consists of the profiles of leading companies such as Thales Group, Lockheed Martin Corporation, Israel Aerospace Industries, Northrop Grumman Corporation, Saab AB, Leonardo SpA, Airbus SE, FLIR Systems Inc., Raytheon Technologies Corporation, BAE Systems PLC, HENSOLDT, QinetiQ Group PLC, Elbit Systems Ltd., ASELSAN A.S., SRC, Inc., and Bharat Electronics Limited (BEL).

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