Press release
Military Radars Market Research Analysis 2024-2033 | Growth, Size, Demand, Analysis, Insights
Military Radars Market
The Business Research Company presents an extensive market research report on the ""Military Radars Global Market Report 2024,"" furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Military Radars industry. This report on Military Radars market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The military radars market size has grown strongly in recent years. It will grow from $61.38 billion in 2023 to $65.26 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to national security and defense, technological advancements, threat detection and tracking, electronic warfare (ew). The military radars market size is expected to see strong growth in the next few years. It will grow to $82.1 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.
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Key Market Players:
Lockheed Martin Corporation, Raytheon Technologies Corporation, Thales Group, BAE Systems PLC, Israel Aerospace Industries.
Market Drivers:
According to the Military Radars Market Report 2024 by The Business Research Company, the high cost of radar is expected to restrict the growth of the market for military radar in the forecast period. Fire control systems, command and control systems, missiles, and anti-aircraft systems are some of the systems that are to be integrated with military radars, and maintenance of these systems is also expensive. These high costs are due to the involvement of significant research and development, and modifications to the radar systems. For instance, in January 2021
More information about the Global Military Radars Market Report -
https://www.thebusinessresearchcompany.com/report/military-radars-global-market-report
Market segments for Military Radars include:
1)By Type: Land Radar, Naval Radar, Airborne Radar, Space-Based Radar
2)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
3)By Application: Weapon Guidance, Airspace Monitoring And Traffic Management, Ground Surveillance And Intruder Detection, Air And Missile Defense, Navigation, Airborne Mapping, Ground Force Protection And Counter-Battery, Mine-Detection And Underground Mapping
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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