Global Military Radars Market Size USD 22.06 Billion by End of the Assessment Timeline with CAGR of 6.27% over 2022-2030

The global military radars market was worth USD 14.41 billion in 2021 and is poised to amplify at a CAGR of 6.27% over 2022-2030, thereby amassing a valuation of USD 22.06 billion by end of the assessment timeline. The rising instances of terrorist activities along with geopolitical disputes across the globe are the primary factors augmenting the outlook of this marketplace.

Radar is used in defence applications to detect threats such as missiles, ships, aeroplanes, and spacecraft in the air, land, and water. The growing concern about enhancing defence capabilities leads to increased buying of defence equipment, which drives market expansion. Defence investment by emerging economies in Asia-Pacific and the Middle East can be ascribed to the ongoing need to monitor escalating terrorist activity as well as geopolitical concerns. As a result, China launched a new portable and versatile radar in April 2021 that can detect stealth aircraft, low-flying cruise missiles, and drones. Furthermore, the NASA-ISRO Synthetic Aperture Radar (NISAR) satellite is set to launch in 2022.

MIMO radars have several antennas that emit arbitrary waveforms and are equipped with digital receivers. MIMO radars were created to reduce the weight, power, size, and cost of traditional AESA (Active Electronically Scanned Array) radars. With numerous broadcast and receive antennas that may operate at different frequencies, these radars take advantage of 3D range. For ground radar applications, this novel MIMO technology is expected to outperform current active electronically phased array (AESA) systems. MIMO outperforms AESA in terms of jamming resistance. Thus, Advanced Protection Systems (APS) unveiled a new generation of FIELDctrl 3D MIMO radars in November 2020. Security, military, and critical infrastructure industries employ these.

Due to border conflicts and tensions in Saudi Arabia, Iraq, and Syria, the Middle East has long been a conflict-prone region. The region's import of guns has increased due to uncertainties in regional power and local tensions. Rising cross-border conflicts, the acquisition of next-generation weapons, and political upheaval in neighbouring countries all contribute to market expansion.

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Market Segmentation:
The global military radars market can be segmented based on various factors such as technology, application, platform, range, and geography.

Technology:

Active Electronically Scanned Array (AESA)
Passive Electronically Scanned Array (PESA)
Synthetic Aperture Radar (SAR)
Inverse Synthetic Aperture Radar (ISAR)
Others
Application:

Airborne
Naval
Ground-based
Space-based
Platform:

Land-based
Naval-based
Airborne
Range:

Short-range
Medium-range
Long-range
Geography:

North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
Regional Analysis:

The major regions constituting the geographical ambit of this marketplace are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, North America is poised to capture a substantial revenue share over the projected period of 2022-2030. This is attributable to the rising cross border disputes and terrorist activities along with the presence of top market players in the region.

• North America (U.S., Canada, and Mexico)

• Latin America (Brazil, Argentina, and Colombia)

• Europe (Germany, U.K., France, Italy, Spain, and Russia)

• Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)

• Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)

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Industry Key Trends:

Rising cross border disputes to aid market expansion

There have been surging occurrences of cross border conflicts across the globe. Frequent attacks on the armed forces as well as civilians have raised security concerns among various governments. This has pushed them to make robust investments in strengthening their defense sector. This is turn is escalating the demand for military radars for the efficient navigation and monitoring of enemy activities.

Integration of advanced technologies into radars is bolstering industry growth

The key market players are integrating advanced technologies into the radar systems to enhance their precision and overall functionality. The integration of high end software and innovative technologies such as IoT, AI, and Machine Learning enables military radars to identify and optimize targets without making any changes to the hardware. These factors are fueling the development of this marketplace.

Global Military Radars Market- Competitive hierarchy:

The prominent players characterizing the competitive terrain of this business sphere are Northrop Grumman Corporation, Thales Group, Lockheed Martin Corporation, Israel Aerospace Industries Ltd., BAE Systems, Raytheon Technologies Corporation, Saab AB, Leonardo S.p.A, ASELSAN A., and L3Harris Technologies, Inc.
Notably, in November 2019, Leonardo S.P.A. inked a partnership deal with PT LEN to diversify its military radars portfolio.

FAQs:

Q. What is the growth rate projection for Global Military Radars Market over 2022-2030?

A. The global military radars market was worth USD 14.41 billion in 2021 and is poised to amplify at a CAGR of 6.27% over 2022-2030, thereby amassing a valuation of USD 22.06 billion by end of the assessment timeline.

Q. What are the expansion determinants for Global Military Radars Market?

A. The rising instances of terrorist activities along with geopolitical disputes across the globe are the primary factors augmenting the outlook of this marketplace.

Q. What are the major segments profiled in the Global Military Radars Market report?

A. The report bifurcates the marketplace into type, platform, range, component, frequency, dimension, application, and end use.

Q. Which are the major regions present in the Global Military Radars Market?

A. The major regions constituting the geographical ambit of this marketplace are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America.

Q. Which is the fastest growing region in the Global Military Radars Market?

A. North America is poised to capture a substantial revenue share over the projected period of 2022-2030. This is attributable to the rising cross border disputes and terrorist activities along with the presence of top market players in the region.

Market Major Player:

Northrop Grumman Corporation, Thales Group, Lockheed Martin Corporation, Israel Aerospace Industries Ltd., BAE Systems, Raytheon Technologies Corporation, Saab AB, Leonardo S.p.A, ASELSAN A., and L3Harris Technologies, Inc.

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