Military Radars Global Market By Type, By Application, By Component, By Technology, Range, Frequency Band, Product, Platform And Segment Forecasts To 2032 | Lockheed Martin, Leonardo, SAAB, ASELSAN, BAE Systems
As per the Military Radars market report by The Business Research Company, The military radar market covered in the military radar market report is segmented by type into land radar, naval radar, airborne radar, and space-based radar, by functionality into surveillance and airborne early warning radar, tracking and fire control radar, multi-function radar, synthetic aperture, and moving target indicator radar, and ground-penetrating radar; by application into weapon guidance, airspace monitoring, and traffic management; ground surveillance and intruder detection, air and missile defense, navigation, airborne mapping, ground force protection; counter-battery, mine detection, and underground mapping.
The global military radars market size will grow from $57.91 billion in 2022 to $62.66 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global military radars market size is expected to grow to $79.37 billion in 2027 at a CAGR of 6.1%.
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Major competitors in the Military radars market include Lockheed Martin, Raytheon Technologies, Thales Group, BAE Systems, Israel Aerospace Industries, Leonardo, SAAB, ASELSAN, Hensoldt, Airbus, General Dynamics, Northrop Grumman, Finmeccanica, Honeywell International, Harris Corporation, L3 Harris Technologies, and TERMA.
The military radars market is segmented -
• By Type: Land Radar, Naval Radar, Airborne Radar, Space-Based Radar
• 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
• 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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. North America was the largest region in the military radars market.
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Military radar is a detection system used in the military to detect the presence, direction, distance, and speed of air, ground, and sea targets. The military radar includes components such as a transmitter, antenna, receiver, and indicator.
The Table Of Content For The Military Radars Market Include:
1. Executive Summary
2. Military Radars Market Characteristics
3. Military Radars Market Trends And Strategies
4. Military Radars Market - Macro Economic Scenario
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
The "Global Military Radars Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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