Air Defense Radar Market to Surpass $8.98 Billion by 2029 | Key Trends & Insights

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How Will the Air Defense Radar Market Grow by 2025 in Terms of Size and Growth?
In recent times, the air defense radar market has been expanding robustly. The market, currently valued at $7.18 billion in 2024, is projected to increase to $7.54 billion over the course of a year, achieving a compound annual growth rate (CAGR) of 5.0%. Factors contributing to this significant growth during the historical period include military confrontations and geopolitical issues, the creation of integrated air defense networks, advancements in stealth technology and electronic warfare capabilities, and enhancement and modernization initiatives for existing air defense systems.

What Are the Estimated Growth Rates for the Air Defense Radar Industry Through 2029?
The market size of air defense radar is predicted to experience stable growth over the coming years, escalating to $8.98 billion in 2029 with a 4.5% Compound Annual Growth Rate (CAGR). This growth during the projected period could result from the emergence of multi-purpose radar systems, a shift towards mobile and expeditionary air defense solutions, growing emphasis on network-centric warfare and interoperability, a rising demand for radar systems with counter-rocket, artillery, and mortar (c-ram) capabilities, along with increased investments. Key trends observed for the future include an enlarged focus on handling unmanned aerial vehicles (UAVs) and drones, high-resolution surveillance abilities with a long range, the incorporation of artificial intelligence and machine learning for threat identification and categorization, broadening of air defense abilities in burgeoning markets, and the use of next-generation radar technologies for heightened situational awareness.

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What Are the Strategic Drivers Boosting Air Defense Radar Market Performance?
The surge in air travel volume is predicted to stimulate the growth of the air defense radar market in the future. Air travel entails the transportation of passengers, cargo, or post by aircraft between multiple places. The increment in air travel volume can be attributed to several factors such as the rise of low-cost airlines, the establishment of open skies treaties among nations, investment in airport facilities, and the expansion of tourism. The air defense radar indirectly aids the volume of air travel by ensuring the airspace's security and safety, crucial for upkeeping the trust of passengers, airlines, and regulatory bodies in air travel safety. For example, the Bureau of Transportation Statistics, a government agency based in the US, reported in March 2023 that in 2022, U.S. airlines transported 853 million passengers, a rise of 194 million passengers (30%) from 658 million passengers in 2021. Hence, the escalating volume of air travel is propelling the air defense radar market.

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What Are the Segments in the Air Defense Radar Market?
The air defense radar market covered in this report is segmented -

1) By Product Type: Synthetic Aperture And Moving Target Indicator Radar, Surveillance Radar, Airborne Early Warning Radar, Multi-Functional Radar, Weather Radar, Other Product Types
2) By System Type: Fixed, Portable
3) By Platform: Ground-Based, Aircraft-Mounted, Naval-Based
4) By Range: Long Range, Medium Range, Short Range
5) By Application: Ballistic Missile Defense, Identification Friend Or Foe, Weather Forecasting, Other Applications

Subsegments:
1) By Synthetic Aperture And Moving Target Indicator Radar: Ground Surveillance Radar, Airborne Moving Target Indicator (AMTI) Radar
2) By Surveillance Radar: 2D Surveillance Radar, 3D Surveillance Radar
3) By Airborne Early Warning Radar: AWACS (Airborne Warning And Control System), AEW (Airborne Early Warning) Systems
4) By Multi-Functional Radar: Fire Control Radar, Target Tracking Radar
5) By Weather Radar: Doppler Weather Radar, Terminal Doppler Weather Radar
6) By Other Product Types: Electronic Warfare Radar, Ground Control Approach Radar


What Are the Key Adoption Trends in the Air Defense Radar Market?
Major firms in the air defense radar industry are advancing their product line with innovative offerings, such as easily portable ground-based short-range air defense systems. These systems are designed to boost target identification and response capabilities against emerging threats from the air. The notable enhancements in AI, signal processing, and network integration are instrumental in boosting operational efficiency and flexibility. An example of such a product is the Short-Range Air Defense System (SHORAD), known for its high mobility and ability to safeguard troops and crucial resources from air-based threats through quick deployment and reconfiguration. To illustrate, Kongsberg Defense and Aerospace, a Norway-based aerospace corporation, introduced a national maneuver air defense system in June 2024. The National Maneuver Air Defense System (NOMADS) provides superior mobility and adjustable engagement against threats to shield frontline troops from aerial assaults. The incorporation of this system into NATO structures bolsters collective defense capabilities, guaranteeing a swift reaction in ever-changing combat scenarios.

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Which Companies Lead the Competitive Landscape of the Air Defense Radar Industry?
Major companies operating in the air defense radar 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, CACI International Inc., Babcock International Group, MBDA Missile Systems, Israel Aerospace Industries Ltd., Indra Sistemas SA, Kongsberg Gruppen ASA, Rafael Advanced Defense Systems Ltd., Rohde & Schwarz GmbH & Co KG, Aselsan AS, Hensoldt AG, QinetiQ Group plc, Saab AB, Ultra Electronics Holdings plc, Terma AS, RADA Electronic Industries Ltd., Elta Group

Where Are the Key Air Defense Radar Market Opportunities by Region?
Asia-Pacific was the largest region in the air defense radar market in 2024. The regions covered in the air defense radar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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