Military Radars Market to Grow at 7.6% CAGR, Reaching $84.18 Billion by 2029

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Military Radars Market Outlook: How is the Market Expected to Grow by 2025?
Over the recent years, there has been a robust growth in the size of the military radars market. The market is projected to expand from $58.71 billion in 2024 to $62.77 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.9%. The market's expansion during the historic period can be ascribed to factors such as national security and defense, technological progress, detection, and tracking of threats, and electronic warfare (EW).

Military Radars Market Forecast: What Size Will It Reach By 2029?
In the coming years, the military radars market is predicted to experience robust expansion. The market is expected to reach a value of $84.18 billion in 2029, with a compound annual growth rate (CAGR) of 7.6%. This increase during the forecast period is expected to be influenced by advancements in technology, counter-uas and counter-hypersonic capabilities, and the integration of radar with c4isr systems, as well as geopolitical tensions. The forecast period will also see some significant trends such as stealth and low observability detection, digital signal processing (dsp), c4isr integration, and the development of green radar technology.

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Which Key Market Drivers Will Shape Military Radars Industry Trends in 2025-2029?
The expansion of the military radar market has been fueled by increased defense expenditure in emerging economies. This expenditure encompasses operations, upkeep, acquisition of weaponry and armored vehicles, as well as military R&D. For instance, the Stockholm International Peace Research Institute (SIPRI), an international research institute based in Sweden focusing on arms control, arms transfers, and non-proliferation, reported in April 2022 that Russian military expenditure rose by an estimated 9.2% to roughly $86.4 billion in 2022, representing 4.1% of the nation's GDP, an increase from 3.7% in 2021. The rise in defense spending in emerging economies propelled the military radar market.

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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

Which Global Trends Are Driving Military Radars Market Expansion?
Invention and advancement in products are transforming the military radar industry. The principal companies in this sector are heavily emphasising on creating brand new, innovative products to deliver dependable services to their client base. For instance, Fortem Technologies Inc., a company from the US specialising in drone detection and neutralisation, introduced the TrueView R40 in November 2023. This unique technology, created with AI capabilities, is designed to protect airspace, mitigate false alarms, and process data. One of its special features is its ability to detect drones flying at low altitudes, setting it apart as a ground-breaking development. The R40's AI prowess enables it to fine-tune and eliminate background disturbances, leading to highly accurate and reliable drone identification.

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Who Are the Fastest-Growing Companies in the Military Radars Industry?
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 Is the Regional Outlook for the Military Radars Market by 2029?
North America was the largest region in the military radar market in 2024. 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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