Aerospace and Defense

Insights Into The Military Radars Market’s Growth Opportunities Through 2023-2032 – Includes Military Radars Market Size

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

Growth in defense spending by emerging economies are expected to drive innovation in military radars manufacturing, thus driving the market during the forecast period.

 

The global military radars market is expected to grow from $57.91 billion in 2022 to $62.66 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The global military radars market size is expected to grow to $79.37 billion in 2027 at a CAGR of 6.1%.

 

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Global Military Radars Market Segments Include:

  • By Type: Land Radar, Naval Radar, Airborne Radar, Space-Based Radar
  • 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
  • By Application: Weapon Guidance, Airspace Monitoring and Traffic Managent, Ground Surveillance and Intruder Detection, Air and Missile Defense, Navigation, Airborne Mapping, Ground Force Protection and Counter-Battery, Mine-Detection and Underground Mapping
  • By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global military radars market in 2021.

 

Major Market Players in the military radars market include Lockheed Martin, Raytheon Technologies, Thales Group, BAE Systems, Israel Aerospace Industries, Leonardo, SAAB, ASELSAN, Hensoldt, Airbus.

 

The MIMO (multiple inputs, multiple outputs) system is increasingly being used in the military radar market. A MIMO radar system is used for simultaneous transmission and reception by multiple antennas or channels. They are also used to gain a low probability of intercepting radar signals. For instance, in November 2020, Advanced Protection Systems Inc., a US-based security system supplier, introduced an advanced FIELDctrl 3D MIMO radar for military, security, and critical infrastructure applications. The advanced radar is large, featuring MIMO, MHT, and micro-doppler capabilities. The advanced radar addresses requirements such as precision of detection and classification, quality of clutter removal, accuracy of tracking, and a super-high refresh rate in military applications.

 

The Military Radars Global Market Report 2023 provides a military radars market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The military radars market forecast analyzes military radars market size, military radars market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

 

Military radar is a detection system used in the military to detect the presence, direction, distance, and speed of air, ground, and sea targets. The military radar includes components such as a transmitter, antenna, receiver, and indicator.

 

Explore Similar Reports From The Business Research Company:

Military Helicopters Global Market Report 2023

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Military Drones Global Market Report 2023

 

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