Radio detection and ranging (RADAR) is a detection and surveillance system which uses radio frequency to detect any object. Radar has the capacity to find any stationary or moving object and determine its shape, distance, angle, velocity and other static and dynamic properties. Radars are primarily developed for military applications and are used for surveillance and detection. The modern military radar system can use surveillance while based on the ground, ships and aircraft carriers, aircraft, and on space stations. The profound expansion of advanced electronics has amplified the capacity of radar systems, expanding their application area. In addition, advanced electronics have made the military radar system more compact and easy to maneuver. Consequently, the aforementioned merits have boosted the demand for the modern military radar system in the past few years.
Many countries across the globe are facing crucial security issues such as territorial conflicts, terrorist activities, and illegal infiltration. Various national governments are heavily investing to strengthen their war capabilities and surveillance system. Consequently, the advanced military radar system is heavily procured by the governments for better surveillance and detection of their borders and inaccessible regions. Apart from ground surveillance, military radar system is also capable of inspecting water bodies and airspace. In addition, the military radar system is used for military activities such as warning against hidden explosives and mines, ground mapping, and detection of stealth aircraft, incoming projectiles, and vehicles.
The report titled Military Radar Market- Growth, Future Prospects, and Competitive Landscape, 2022-2030 offers strategic insights into the global military equipment market with a focus on the market size and estimates for the duration 2020 to 2030. The said research study covers an in-depth analysis of market segments based on types and cross-sectional studies across different geographies. The study covers the comparative analysis of each sub-segment for the years 2022-2030. The report also provides a prolific view of market dynamics such as market drivers, restraints, and opportunities.
In order to help strategic decision-makers, the report also includes competitive profiling of the leading military radar manufacturers, their strategies, market positioning, and key developments. Some of the major players profiled in the report include Lockheed Martin Corporation, BAE Systems, General Dynamics Corporation, Airbus Group, Raytheon Company, Thales Group, Northrop Grumman Corporation, Saab Group, Israel Aerospace Industries (IAI), and Finmeccanica SPA. Other in-depth analysis provided in the report includes:
- Current and future market trends to justify the forthcoming attractive markets within the military radars.
- Market fuellers, market impediments, and their impact on the market growth
- Market inclination insights including evolution of Radars and key trend analysis for military radar market
- In-depth competitive environment analysis
- Trailing 2-Year market size data (2020 - 2021)
- SRC (Segment-Region-Country) Analysis
As of 2020, the ground-based military radar system dominated the overall military radar market worldwide. Ground-based radar helps to detect hidden explosives, mines, underground infrastructures, bunkers, tunnels, and several other objects making them highly useful for land defense. These radar systems make a big impact during live war situations and can be used to prevent heavy losses. Thus, defense system depends heavily on ground-based military radars. Consequently, the demand for ground-based military radar is expected to remain high during the forecast period.
Airborne military radar is projected emerge as the fastest-growing radar system in the overall military radar market. Generally mounted on aircraft, these radar systems are capable of detecting unauthorized air infiltration by any manned/unmanned aircraft, missiles, and projectiles. Airborne radar system makes a big impact in modern air warfare. Therefore, the segment is expected to grow at a considerable rate in the following years.
North America dominates the overall military radar market, in terms of revenue, as of 2020. The market here is principally driven by the U.S. contributing to more than 90% of the regional market revenue. The U.S. accounts for the highest spending on defense systems (including military radar). Due to border issues along Mexico, radar systems have been witnessing consistent demand for the past several years. In addition, the presence of a large number of major companies is another major factor supporting the market growth here. Subsequently, North America would continue to dominate the overall military radar market throughout the forecast period.
Asia Pacific trails North America in the overall military radar market, in terms of revenue. Asia-Pacific countries such as China, India, Japan, and South Korea are striving extensively to expand their war capabilities. The aforementioned countries contribute the majority of the market revenue in Asia Pacific. Due to rising border tensions along with the expenditure on defense systems, Asia Pacific is projected to emerge as the fastest-growing market in the following years.
Historical & Forecast Period
This study report represents an analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations, and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. the key data point that enables the estimation of the Military Radar market is as follows:
- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- A number of end users and consumption volume, price, and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Military Radar market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top-down and bottom-up approach for validation of market estimation assures logical, methodical, and mathematical consistency of the quantitative data.
Market Segmentation
Type
- Ground-based
- Naval-based
- Airborne
- Space-based
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of the Military Radar market?
- What are the key investment pockets concerning product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Military Radar market?
- Which is the largest regional market for the Military Radar market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving the Military Radar market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Military Radar market worldwide?
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Table of Contents
Companies Mentioned
- Lockheed Martin Corporation
- BAE Systems
- General Dynamics Corporation
- Airbus Group
- Raytheon Company
- Thales Group
- Northrop Grumman Corporation
- Saab Group
- Israel Aerospace Industries (IAI)
- Finmeccanica SPA
