Press release
Military Radar Market is Estimated to Reach USD 24.16 Billion By 2030: Cognitive Market Research
Military Radar Market is Estimated to Reach USD 24.16 Billion By 2030: Cognitive Market Research
- The military radar system is a detection system, which uses radio waves to determine the angle, range, and velocity of objects. Radars are used by defense forces for several purposes including surveillance, finding targets & tracking their movements to direct other weapons, and taking countermeasures against incoming threats. In addition, these are capable of detecting & classifying targets such as crawling men troops, groups of walking men, and low-flying helicopters.
Summary:
• Global Military Radar Market Size Was Valued at USD 14.11 Billion In 2023 And Is Expected to Grow at A CAGR Of 7.51 % During the Forecast Period, Reaching USD 24.16 Billion By 2030.
• Based on the component, the antenna segment has the largest revenue share in the military radar market.
• Based on frequency, the other segment has the largest revenue share in the military radar market.
• Based on application, the ground surveillance segment has the largest revenue share in the military radar market.
• Based on platforms, the airborne segment has the largest revenue share in the military radar market.
• North America has the largest revenue share in the military radar market.
To know more The Military Radar Market statistics click here: https://www.cognitivemarketresearch.com/military-radar-market-report
Market Dynamics:
- Increasing investment to strengthen the capabilities of air defense, technological advancements in military radar, and the purchase of combat aircraft are expected to drive the growth of the military radar market. Furthermore, increasing R&D activities in military radar for airborne platforms create growth opportunities for the military radar market in the forecast period. However, increasing investments in the initial stage and stringent cross-border trading policies hamper the growth of the military radar market.
Market Segmentation:
- Component:
• Antenna
• Transmitter
• Receiver
• Duplexer
• Others
Based on the component, the antenna segment has the largest revenue share in the military radar market. This is attributed to the increasing use of active phased array type of antenna which offers a complete image of the area under surveillance expected to drive the growth of this segment.
- Range:
• Short
• Medium
• Long
Based on range, the short-range segment has the largest revenue share in the military radar market. This is due to increasing government investment in short-range systems for better connectivity and capturing things clearer anticipated to drive the growth of the short-range segment.
- Frequency:
• C-Band
• S-Band
• X-Band
• Others
Based on frequency, the other segment has the largest revenue share in the military radar market. This is due to the increasing demand for synthetic aperture radars and high-frequency radars for airborne and maritime applications expected to drive the growth of this segment.
- Application:
• Airspace Monitoring and Traffic Management
• Space Situation Awareness
• Maritime Patrolling
• Ground Surveillance
• Weapon Guidance
• Others
Based on application, the ground surveillance segment has the largest revenue share in the military radar market. This is due to the increasing procurement of advanced radars for border security anticipated to drive the growth of the ground surveillance segment.
- Platform:
• Airborne
• Land
• Naval
Based on platforms, the airborne segment has the largest revenue share in the military radar market. This is due to the rising risk of air strikes and airborne terrorist infiltrations. In addition, increasing research and development activities are projected to drive the growth of the airborne segment.
Competitive Analysis for Military Radar Market:
- Lockheed Martin Corporation, Raytheon Company, The Boeing Company, Northrop Grumman Corporation, BAE System PLC, Saab Sensis Corporation, Harris Corporation, ASELSAN A.S., Terma A/S, DRS Technologies Inc.
Get free sample pages of latest published Military Radar Market Report: https://www.cognitivemarketresearch.com/military-radar-market-report
North America accounted for the largest share of the military radar market
- North America has the largest revenue share in the military radar market. This is due to the increasing demand for military radar use in national and international defense forces in the region.
News:
- Hensoldt has signed a contract with the organization for joint Armament cooperation
In February 2021, Hensoldt signed a contract with the organization for joint Armament cooperation to upgrade the Cobra artillery location radars and replace the Radar Target Generator.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Military Radar Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Military Radar Market Segmentation
1.5.1 Military Radar Market Regional Fragmentation
1.5.1 Military Radar Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Military Radar Market
• 3.1 Global Military Radar Market Size 2018 - 2030, (USD Million)
• 3.2 Global Military Radar Market Statistics 2022: Snapshot
Chapter 4 Global Military Radar Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Military Radar Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Military Radar Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Military Radar Market Regional Analysis
Chapter 11 North America Military Radar Market Outlook (2018 - 2030)
Chapter 12 Europe Military Radar Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Military Radar Market Outlook (2018 - 2030)
Chapter 14 Latin America Military Radar Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Military Radar Market Outlook (2018 - 2030)
Chapter 16 Research Findings
To know more Military Radar Market TOC click here: https://www.cognitivemarketresearch.com/military-radar-market-report#table_of_contents
Related Report:
• Military Radar Systems- cognitivemarketresearch.com/military-radar-systems-market-report
• Airborne Fire Control Radar Market- https://www.cognitivemarketresearch.com/airborne-fire-control-radar-market-report
• Military Antenna Market- https://www.cognitivemarketresearch.com/military-antenna-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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