Press release
Air Defense Radar Market to grow from $7.18 billion to $9.04 billion (CAGR: 5.6% - 4.5%) by 2025-2029: Driven by Conflicts and Technological Evolution
Air Defense Radar Market Size
What Is The Projected Market Size Of The Global Air Defense Radar Market And Its Growth Rate?
•The air defense radar market will grow from $7.18 billion in 2024 to $7.59 billion in 2025 at a CAGR of 5.6%.
•Historic growth can be attributed to military conflicts and geopolitical tensions, development of integrated air defense networks, evolution of stealth and electronic warfare capabilities, upgrades and modernization programs of existing air defense systems.
•The air defense radar market will grow to $9.04 billion in 2029 at a CAGR of 4.5% due to the rise of multi-functional and multi-mission radar systems, shift towards mobile and expeditionary air defense solutions, emphasis on network-centric warfare and interoperability, and surge in demand for radar systems with counter-rocket, artillery, and mortar (c-ram) capabilities.
What Is Driving The Growth In The Air Defense Radar Market?
The growth in the air defense radar market is supported by the increasing volume of air travel. More flights means more need for airspace safety, security, and regulation, which indirectly raises the demand for air defense radar systems. Air travel is on the rise due to factors such as low-cost carriers (LCCs), open skies agreements, improved airport infrastructure, and growth in tourism. For instance, in 2022, U.S. airlines carried 853 million passengers, an increase of 30% compared to 658 million passengers in 2021, fueling further demand for air defense radar systems.
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Who Are the Key Players Driving Air Defense Radar Market Growth?
Major players in the market are:
•RTX Corporation
•Lockheed Martin Corporation
•General Dynamics Corporation
•Northrop Grumman Corporation
•BAE Systems plc
•L3Harris Technologies Inc.
•Thales Group
•Leonardo S.p.A.
•Rheinmetall Defence Electronics GmbH
What Are The Key Trends In The Air Defense Radar Market?
Key trends include:
•Increased focus on countering unmanned aerial vehicles (UAVs) and drones
•Integration of artificial intelligence and machine learning for threat detection and classification
•Expansion of air defense capabilities in emerging markets
•Adoption of next-generation radar technologies for enhanced situational awareness
What Are The Segments Of The Global Air Defense Radar Market?
The air defense radar market is segmented by:
1) Product Type: Synthetic Aperture And Moving Target Indicator Radar, Surveillance Radar, Airborne Early Warning Radar, Multi-Functional Radar, Weather Radar, Other Product Types
2) System Type: Fixed, Portable
3) Platform: Ground-Based, Aircraft-Mounted, Naval-Based
4) Range: Long Range, Medium Range, Short Range
5) Application: Ballistic Missile Defense, Identification Friend Or Foe, Weather Forecasting, Other Applications
Which Region Leads The Air Defense Radar Market?
Asia-Pacific was the largest region in the air defense radar market in 2024. The report also covers regions such as Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Air Defense Radar Global Market Report?
- Market Size Analysis: Analyze the Air Defense Radar Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Air Defense Radar Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Air Defense Radar Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Air Defense Radar Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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