Market Insights:
Military Radar Market size was valued at USD 14.62 Billion in 2021, registering a CAGR of 6.31% during the forecast period (2022-2030), and the market is projected to be worth USD 25.36 Billion by 2030.
Radar is an abbreviation for radio detection and ranging system. A military radar system is a detecting device that employs radio waves to identify an object’s angle, range, and velocity. Radars are employed by defence forces for a variety of reasons, including monitoring, finding targets and tracking their movements (aircraft, missiles, UAVs, naval vessels, and military ground vehicles), directing other weapons, and countering incoming threats. Military radars can identify and categorise objects such as crawling infantry, groups of strolling personnel, and low-flying helicopters. In addition, military radars are utilised for navigation and as weather radars.
Military Radar Market Research Report” was just released by Market Research Community. It is divided into several categories, including By type (Surveillance & Airborne Early Warning, Tracking & Fire Control Radar, Multi-Function Radar, Synthetic Aperture & Moving Target Indicator Radar), By Application (Air and Missile Defense, Intelligence, Surveillance, and Reconnaissance (ISR), Navigation and Weapon Guidance, Space Situational Awareness), By End Use (Air Force, Army, Navy), By Range (Very Short, Short Range, Medium Range, Long Range) and companies (Raytheon Technologies Corporation, Saab AB, Leonardo S.p.A, ASELSAN A.,,L3Harris Technologies, Inc., Northrop Grumman Corporation, Thales Group, Lockheed Martin Corporation, Israel Aerospace,Industries Ltd., BAE Systems.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 6.31%, over the forecast period of 2022–2030.
Driver:
The increased adoption of Military Radar in the Network Security industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Military Radar also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Military Radar in many sectors also boosts the market growth during the forecast period.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 25.36 Billion |
| CAGR (2022-2030) | 6.31% |
| By Type | Surveillance & Airborne Early Warning, Tracking & Fire Control Radar, Multi-Function Radar, Synthetic Aperture & Moving Target Indicator Radar. |
| By Application | Air and Missile Defense, Intelligence, Surveillance, and Reconnaissance (ISR), Navigation and Weapon Guidance, Space Situational Awareness |
| By End User | Air Force, Army, Navy. |
| 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. |
| By Platform | Ground-based, Naval, Airborne, Space. |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Raytheon Technologies Corporation, Saab AB, Leonardo S.p.A, ASELSAN A.,,L3Harris Technologies, Inc., Northrop Grumman Corporation, Thales Group, Lockheed Martin Corporation, Israel Aerospace,Industries Ltd., BAE Systems. |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Military Radar market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Raytheon Technologies Corporation, Saab AB, Leonardo S.p.A, ASELSAN A.,,L3Harris Technologies, Inc., Northrop Grumman Corporation, Thales Group, Lockheed Martin Corporation, Israel Aerospace,Industries Ltd., BAE Systems.
Market Segment Analysis:
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
By Application
- Air and Missile Defense
- Intelligence, Surveillance, and Reconnaissance (ISR)
- Navigation and Weapon Guidance
- Space Situational Awareness
By End User
- Air Force
- Army
- Navy
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
By Platform
- Ground-based
- Naval
- Airborne
- Space
4DRegion
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Military Radar industries in the region.
Key Military Radar Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Military Radar Market segments.
– Largest Market Share Held by Industry to Industry for Military Radar
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Military Radar Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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