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Military Radars Market Insights 2025-2034: Growth Forecast and Strategic Priorities
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Military Radars Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, the military radars market has seen significant expansion. The market size is projected to grow from $58.77 billion in 2024 to $62.75 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.8%. Factors such as national security and defense initiatives, technology enhancements, threat identification and tracking, along with electronic warfare (ew) have contributed to the growth during the historic period.
Military Radars Market Size Forecast: What's the Projected Valuation by 2029?
The size of the military radars market is predicted to experience significant expansion in the upcoming years. It is set to reach a value of $80.83 billion in 2029, with a compound annual growth rate (CAGR) of 6.5%. The escalation in the projected period is due to the swift advances in technology, counter-uas and counter-hypersonic abilities, in addition to the integration of radar with c4isr systems and geopolitical frictions. The forecast period is set to witness major trends like stealth and low detectability, digital signal processing (dsp), c4isr integration, and green radar technology.
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What Are the Drivers Transforming the Military Radars Market?
The expansion of the military radar market has been influenced by escalating defense expenditures in developing economies. Such expenditures encompass operations, upkeep, acquisition of armoured vehicles and weaponry, and research and development in the military field. As per the Stockholm International Peace Research Institute (SIPRI), a renowned arms control, arms transfers, and non-proliferation research institute based in Sweden, Russian defense spending reportedly rose by a projected 9.2% to roughly $86.4 billion in April 2022. This constitutes 4.1% of Russia's GDP, a rise from 3.7% in 2021. This upsurge in defense expenditures by burgeoning economies has greatly propelled the growth of the military radar market.
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What Long-Term Trends Will Define the Future of the Military Radars Market?
Innovations in products are transforming the military radar market. Most corporations operating in this sector are investing heavily in the creation of innovative, technologically advanced products to ensure they deliver dependable services to their clients. An example of this is Fortem Technologies Inc., a firm based in the US specializing in drone detection and neutralization. In November 2023, they released the TrueView R40, a product specially made with AI technology to secure airspace, avoid false alerts and sift through data. The R40's ability to detect low-altitude drones makes it a unique and progressive solution. Its AI intelligence enables it to eliminate background interference and clutter, leading to accurate and reliable drone identification.
Which Segments in the Military Radars Market Offer the Most Profit Potential?
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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Which Firms Dominate the Military Radars Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in the Military Radars Market?
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
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