The global military radars market was worth USD 14.41 billion in 2021 and is poised to amplify at a CAGR of 6.27% over 2022-2030, thereby amassing a valuation of USD 22.06 billion by end of the assessment timeline.
The need for radars for defence applications is anticipated to increase due to the requirement for potent radars that can accurately detect missiles arriving at hypersonic speeds. The majority of missile defence systems are ground- or ship-based and employ missiles to block approaching dangers. To effectively assess the range, elevation, and distance of threats, military radars should be able to follow the location of the approaching missile in three dimensions.
Due to the COVID-19 pandemic, the worldwide aerospace and defence (AD) manufacturing industry has been experiencing an unprecedented upheaval. The defence industry is anticipated to remain steady and expand, nonetheless, as the majority of nations have not cut their defence spending and are still committed to maintaining their military prowess. Some of the most obvious consequences of the pandemic's influence on the defence industry are supply-side interruptions. Businesses in nations that have been severely hit by COVID-19 or those reliant on supply chains that are based in affected countries have been the pandemic's first casualties. Thus, some of the defence programmes may experience temporary cost increases and delays as a result of the widespread supply chain disruption.
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Radar is a crucial part of the global militaries' surveillance systems. Several nations are investing extensively in their surveillance systems in order to reduce dependency, identify incursion, and respond rapidly as a result of the escalating territorial disputes and threats from rivals.
Several nations have had to improve their radar capabilities due to the growing usage of unmanned aerial vehicles (UAVs), stealth aircraft, hypersonic missiles, and electronic warfare weapons. The demand for new military radars on a global scale is being driven by improvements in range, detection, identification, integration with other sensors, and adaptability to new missions, platforms, and conditions.
Global Military Radars Market- Key trends
Rising cross border disputes to aid market expansion
There have been surging occurrences of cross border conflicts across the globe. Frequent attacks on the armed forces as well as civilians have raised security concerns among various governments. This has pushed them to make robust investments in strengthening their defense sector. This is turn is escalating the demand for military radars for the efficient navigation and monitoring of enemy activities.
Global Military Radars Market- Segmental assessment
By Type
• Surveillance Airborne Early Warning
• Tracking Fire Control Radar
• Multi-Function Radar
• Synthetic Aperture Moving Target Indicator Radar
• Weapon Locating Radar
• Ground Penetrating Radar
• Weather Radar
The weapon locating radar segment is poised to amass notable gains over the estimated period due to the rising instances of geopolitical tension across the globe.
By Platform
• Airborne Radar
• Land Radar
• Naval Radar
• Space Based Radar
By Range
• Very Short
• Short Range
• Medium Range
• Long Range
By Component
• Antenna
• Digital Signal Processor
• Display
• Duplexer
• Receiver
• Stabilization System
• Transmitter
By Frequency Band
• VHF/UHF Band
• L Band
• S Band
• C Band
• X Band
• Ku/Ka/K Band'
By Dimension
• 2D
• 3D
• 4D
By Application
• Airborne Mapping
• Airspace Monitoring Traffic Management
• Air Missile Defense
• Ground Force Protection Counter Battery
• Ground Surveillance Intruder Detection
• Mine Detection Underground Mapping
• Navigation
• Weapon Guidance
• Weather Monitoring
By End User
• Air Force
• Army
• Navy
Global Military Radars Market- Competitive hierarchy
The prominent players characterizing the competitive terrain of this business sphere are Northrop Grumman Corporation, Thales Group, Lockheed Martin Corporation, Israel Aerospace Industries Ltd., BAE Systems, Raytheon Technologies Corporation, Saab AB, Leonardo S.p.A, ASELSAN A., and L3Harris Technologies, Inc.
Notably, in November 2019, Leonardo S.P.A. inked a partnership deal with PT LEN to diversify its military radars portfolio.
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