What's Driving the Military Radars Market 2025-2034: Emerging Economies' Defense Spending Growth Fuels Military Radar Market Expansion

What Are the Projections for the Size and Growth Rate of the Military Radars Market?
The market size for military radars has seen significant expansion in the past few years. The forecast suggests an increase from $58.77 billion in 2024 to $62.75 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.8%. The historic growth trend can largely be credited to factors including national defense and security needs, technological progress, threat detection and tracking capabilities, and advancements in electronic warfare (ew).

In the coming years, the military radars market is predicted to experience robust growth. The market is forecasted to expand to $80.83 billion in 2029, with a compound annual growth rate (CAGR) of 6.5%. This growth in the forecast period is due to fast-paced technological advancements, counter-uas, counter-hypersonic capabilities, and integration of radar with c4isr systems along with geopolitical tensions. Notable developments predicted for this timeframe include stealth and low observability detection, digital signal processing (dsp) advancements, c4isr integration, and the introduction of green radar technology.

What Are the Main Catalysts for Growth in the Military Radars Market?
The expansion of the military radar market has been propelled by the increase in defense expenditures by developing economies. Defense budgets encompass operations, upkeep, the acquisition of weapons and protected vehicles, along with military studies and advancements. To illustrate, the Stockholm International Peace Research Institute (SIPRI) reported in April 2022 that Russia's military spending experienced a projected rise of 9.2%, reaching around $86.4 billion in 2022. This constituted 4.1% of the nation's GDP, a rise from the previous year's 3.7%. The surge in defense expenditures in emerging economies has been a significant driver in pushing the growth of the military radar market.

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Which Businesses Are at the Forefront of Military Radars Market Development?
Major companies operating in the military radars market include Lockheed Martin Corporation, Raytheon Technologies Corporation, Thales Group, BAE Systems plc, Israel Aerospace Industries, Leonardo, Saab AB, Aselsan A.S., Hensoldt AG, Airbus SE, General Dynamics Corp, Northrop Grumman, Honeywell International Inc., L3Harris Technologies Inc., Terma A/S, QinetiQ Group PLC, Reutech Radar Systems, Easat Radar Systems Limited, Indra Sistemas S.A., Bharat Electronics Limited, ZTE Corporation, Elbit Systems Ltd., Wartsila Corporation, Mitsubishi Electric Corporation, Safran Electronics & Defense, Selex ES Inc.

What Are the Latest Innovations in the Military Radars Market?
Advancements in product design are influencing the military radar market. Key businesses operating within this sector are concentrating on devising sophisticated, innovative products in order to deliver trustworthy services to clients. A case in point is Fortem Technologies Inc., a US-based firm dedicated to the detection and neutralization of hazardous drones, which unveiled its product, TrueView R40, in November 2023. This product is specifically crafted using AI technology to maintain secure airspace, avert false alerts, and filter information. Its unique ability to detect drones at lower altitudes sets it apart as a state-of-the-art solution. The AI functionality of R40 enables it to differentiate drone signals from unnecessary background disturbances, resulting in accurate and reliable drone identification.

How Is the Military Radars Market Segmented?
The military radars market covered in this report is segmented -

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

Subsegments:
1) By Land Radar: Ground Surveillance Radar, Border Surveillance Radar, Tactical Surveillance Radar
2) By Naval Radar: Surface Search Radar, Fire Control Radar, Navigation Radar
3) By Air Surveillance Radar: Fighter Aircraft Radar, Surveillance Aircraft Radar, Early Warning Radar, Maritime Patrol Radar
4) By Space-Based Radar: Synthetic Aperture Radar (SAR), Early Warning Radar, Surveillance Radar

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Where Is the Military Radars Market Growth Most Prominent?
North America was the largest region in the military radar market in 2023. North America is expected to be the fastest-growing region in the military radars market during the forecast period. The regions covered in the military radars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Is Covered In The Military Radars Global Market Report?

- Market Size Analysis: Analyze the Military Radars Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Military Radars 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 Military Radars Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Military Radars Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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