The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The military radars market has witnessed significant growth, driven by a myriad of factors that contribute to its expanding market size. With projections indicating an increase from $61.38 billion in 2023 to $65.26 billion in 2024, at a CAGR of 6.3%, and a forecasted growth to $82.1 billion by 2028 at a CAGR of 5.9%, the market is poised for robust expansion.

Historical Growth Catalysts

• National Security and Defense: The historical growth of the military radars market is underpinned by the imperative of safeguarding national security and defense.
• Technological Advancements: Continuous advancements in radar technology have fueled historical market growth.
• Threat Detection and Tracking: The ability of military radars to detect and track threats has been a pivotal factor in historical market expansion.
• Electronic Warfare (EW): The integration of military radars into electronic warfare strategies has played a crucial role in historical growth.

Forecasted Growth Drivers

• Rapid Technological Advancements: Future growth is expected to be driven by accelerated technological advancements in radar systems.
• Counter-UAS and Counter-Hypersonic Capabilities: The market is poised for expansion with a focus on countering unmanned aerial systems (UAS) and hypersonic threats.
• Integration of Radar with C4ISR Systems: The integration of radar with Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance (C4ISR) systems will contribute to future growth.
• Geopolitical Tensions: Increasing geopolitical tensions globally are anticipated to fuel the demand for advanced military radar systems.

Key Trends in the Forecast Period

• Stealth and Low Observability Detection: Advanced radar systems will emphasize the detection of stealth and low observable threats.
• Digital Signal Processing (DSP): The integration of DSP technologies will enhance radar system capabilities.
• C4ISR Integration: Seamless integration with C4ISR systems will be a prevailing trend.
• Green Radar Technology: Environmentally friendly radar technologies will gain prominence in the forecast period.

The Role of Peacekeeping Missions in Driving Growth
The rise in peacekeeping missions worldwide is expected to be a significant catalyst for the growth of the military radar market. As peacekeeping operations become more prevalent, the need for monitoring large areas of land and airspace intensifies. Military radars play a pivotal role in providing early warnings of potential threats during peacekeeping missions. The Stockholm International Peace Research Institute reported that in 2022, 64 multinational peace operations were conducted in 38 nations, involving 114,984 international personnel.

Major Players Shaping the Market
Leading companies influencing 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.
• Selex ES Inc.

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Product Innovations Drive Evolution
Product innovations are steering the evolution of the military radar market. Notable advancements include Fortem Technologies Inc.’s TrueView R40, an AI-powered solution designed to safeguard airspace by accurately identifying drones at low altitudes. Such innovations are pivotal in addressing evolving threats and ensuring precise and reliable identification.

SRC Acquires SAZE to Enhance Radar Capabilities
SRC, a New York-based defense research and development company, recently acquired SAZE, a US-based radar technology company. This acquisition is expected to augment SRC’s radar capabilities, focusing on developing life-saving systems for the armed forces. SAZE’s expertise in radar research and development will contribute to the advancement of radar technologies in defense applications.

Market Segmentation: Unraveling Complexity

The military radars market is segmented based on:

1. Type: Land Radar, Naval Radar, Airborne Radar, Space-Based Radar
2. 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. 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

Regional Dynamics: North America Leading, Fastest-Growing Region

• North America was the largest region in the military radar market in 2023.
• North America is expected to be the fastest-growing region during the forecast period.

Conclusion: Securing Tomorrow with Advanced Radar Systems
As the military radar market continues its upward trajectory, the integration of cutting-edge technologies and strategic innovations will play a pivotal role. With a focus on peacekeeping missions, product advancements, and geopolitical dynamics, the market is set to evolve and meet the ever-changing demands of modern defense and security challenges. The future promises a robust and technologically sophisticated military radar landscape.

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The Military Radars Global Market Report 2024  provides an overview of the military radars market 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 and their market positions.

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