Air And Missile Defense Radar Market Size, Share Industry Growth, Analysis Report 2023-2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Air And Missile Defense Radar Global Market Report 2023 identifies rising military expenditure as the major driver for the Air And Missile Defense Radar market's growth in the forecast period. Military expenditure refers to the amount of money allocated to maintaining an armed force or other forms of defense, which is known as a military expenditure plan (or military expense) and is part of a country's defense budget. As countries increase their spending on military and defense, they are investing in advanced technologies such as air and missile defense radars to enhance their capabilities for detecting and intercepting incoming threats. In the military, fighter aircraft equipped with radar is used to track down and manage air-to-air missiles, rockets, and guns.

The global air and missile defense radar market size is expected to grow from $11.05 billion in 2022 to $12.05 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. 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 air and missile defense radar market size is expected to reach $16.38 billion in 2027 at a CAGR of 8.0%.

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Major competitors in the Air And Missile Defense Radar market are BAE Systems, Israel Aerospace Industries Ltd., Leonardo S p A, Lockheed Martin Corporation, Northrop Grumman, Raytheon Technologies Corporation, Reutech Radar Systems, SAAB AB

A key trend in the Air And Missile Defense Radar market includes Technological advancements. Major companies operating in the air and missile defense radar market are focused on innovating new technologies, such as networked radar systems to sustain their position in the market. Networked radar systems are connected to each other and other defense systems, which allows for improved information sharing and coordination between different systems, leading to improved situational awareness and more effective defense. For instance, in February 2023, ELTA Systems Ltd., an Israel-based defense products and services company specializing in radar, introduced the ELM-2090 TERRA Strategic Early Warning System.

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The Air And Missile Defense Radar market is segmented -
•By Platform: Airborne, Land, Naval
•By Radar Type: X Band Radars, S Band Radars
•By Range: Short Range, Medium Range, Large Range
•By Application: Conventional, Ballistic Missile Defense
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Air And Missile Defense Radar market.

The Business Research Company's "Global Air And Missile Defense Radar Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Air And Missile Defense Radar Market Include:
1. Executive Summary
2. Air And Missile Defense Radar Market Characteristics
3. Air And Missile Defense Radar Market Trends And Strategies
4. Air And Missile Defense Radar Market - Macro Economic Scenario
5. Air And Missile Defense Radar Market Size And Growth
......................
26. Africa Air And Missile Defense Radar Market
27. Air And Missile Defense Radar Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Air And Missile Defense Radar Market
29. Air And Missile Defense Radar Market Future Outlook and Potential Analysis
30. Appendix

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