Evolving Market Trends In The Military Radars Industry: Product Innovations Drive Evolution In The Military Radar Market

The Military Radars Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Military Radars Market Size During the Forecast Period?
The military radars market size has shown strong growth in recent years. It is expected to rise from $58.77 billion in 2024 to $62.75 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.8%. This growth can be attributed to factors such as national security, defense needs, technological advancements, improved threat detection, and electronic warfare.

The military radars market is expected to grow strongly, reaching $80.83 billion by 2029, at a CAGR of 6.5%. Growth drivers include technological advancements, the need for counter-UAS and counter-hypersonic capabilities, the integration of radar with C4ISR systems, and geopolitical tensions. Key trends include stealth and low observability detection, the use of digital signal processing (DSP), C4ISR integration, and the development of green radar technologies.

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What Are the High-Growth Segments in the Military Radars Market?
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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What Key Drivers Are Expected to Influence Future Military Radars Market Growth?
Rising defense budgets in emerging markets have bolstered the military radar market. Military expenditures include operations, maintenance, weapons procurement, and research and development. According to an April 2022 report by SIPRI, Russia increased its military spending by 9.2% in 2022 to approximately $86.4 billion, which represented 4.1% of GDP, up from 3.7% in 2021. Such spending trends are fueling the military radar market's expansion.

Which Companies Hold the Largest Share Across Different Military Radars Market Segments?
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 Trends Are Driving Growth in The Military Radars Market?
Innovations are influencing the military radar market, with major firms focusing on the development of advanced products to deliver reliable performance. For example, in November 2023, Fortem Technologies Inc., a US-based company specializing in drone detection and neutralization, launched the TrueView R40. This radar uses AI to accurately detect low-altitude drones while minimizing false alarms and background noise, making it a unique and advanced solution for securing airspace.

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What Are the Emerging Geographies for The Military Radars Market Growth?
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

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Military Radars Market?
2. What is the CAGR expected in the Military Radars Market?
3. What Are the Key Innovations Transforming the Military Radars Industry?
4. Which Region Is Leading the Military Radars Market?

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