Global Air And Missile Defense Radar Market Size, Drivers, Trends, Opportunities And Strategies – Includes Air And Missile Defense Radar Market Research
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
Rising global military spending is likely to stimulate innovation in air and missile defence radar manufacture, propelling the market over the forecast period.
The global air and missile defense radar market is expected to grow from $11.05 billion in 2022 to $12.05 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The global air and missile defense radar market size is expected to reach $16.38 billion in 2027 at a CAGR of 8.0%.
Get A Free Sample On The Global Air And Missile Defense Radar Market Report:
Global Air And Missile Defense Radar Market Segments Include:
- By Platform: Airborne, Land, Naval
- By Radar Type: X Band Radars, S Band Radars
- By Range: Short Range, Medium Range, Large Range
- By Application: Conventional, Ballistic Missile Defense
- 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 air and missile defense radar market in 2021.
Major Market Players in the air and missile defense radar market include BAE Systems, Israel Aerospace Industries Ltd., Leonardo S p A, Lockheed Martin Corporation, Northrop Grumman, Raytheon Technologies Corporation, Reutech Radar Systems.
Technological developments in the air and missile defence radar industries have emerged as a prominent market trend. To maintain their market position, major firms in the air and missile defence radar industry are focusing on creating new technologies such as networked radar systems. Networked radar systems communicate with one another and with other defence systems, allowing for enhanced information exchange and coordination between systems, resulting in improved situational awareness and more effective defence. For example, ELTA Systems Ltd., an Israeli defence goods and services business specialising in radar, announced the ELM-2090 TERRA Strategic Early Warning System in February 2023. TERRA is a dual-radar system that employs both UHF and S-band radars to provide unrivalled detection and tracking capabilities against long-range, low-RCS targets. Each powerful system can function separately, but when deployed together, system performance is enhanced even further.
The Air And Missile Defense Radar Global Market Report 2023 provides a air and missile defense radar market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The air and missile defense radar market forecast analyzes air and missile defense radar market size, air and missile defense radar 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.
The Air and Missile Defence Radar (AMDR) system detects and tracks approaching threats such as ballistic missiles, cruise missiles, and other aerial threats. These radars are intended to provide early warning of impending assaults as well as to track several targets at the same time.
Explore Similar Reports From The Business Research Company:
Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Follow us on:
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: