The Europe air defense radar market is expected to grow from US$ 1,433.41 million in 2022 to US$ 1,920.51 million by 2030. It is estimated to grow at a CAGR of 3.7% from 2022 to 2030.
The ongoing conflict between Russia and Ukraine has prompted a shift in defense priorities for a few European nations. As part of the NATO alliance, European countries have shown solidarity with Ukraine and increased their support to reinforce NATO's eastern flank. This has involved boosting defense spending to meet NATO commitments and enhance collective defense capabilities. The conflict has prompted greater collaboration among European nations in defense cooperation and joint capability development. This includes joint procurement projects, information sharing, and increased interoperability, which may require additional defense funding. In July 2023, the Ministry of Defence awarded BAE Systems a US$ 978.09 million contract to deliver a new radar for the Royal Air Force's Typhoon fighter jet fleet. The contract involves the development and integration of the European Common Radar System Mk2 radar onto the Typhoon aircraft. Similarly, in June 2023, the French defense ministry, the Ukrainian defense ministry, and Thales signed a contract to deliver a comprehensive short-range air defense system. The system will comprise several essential components, including a GM200 radar, a command-and-control center, a radio communications system, and air target designators. Such joint procurement projects, partnerships, and collaborations are anticipated to drive the Europe Air Defense Radar Market further.
Based on function, the Europe air defense radar market is segmented into synthetic aperture radar and moving target indicator radar, surveillance radar, airborne early warning radar, multi-functional radar, weather radar, and others. The synthetic aperture radar and moving target indicator radar segment held a largest share of the Europe air defense radar market in 2022.
Based on range, the Europe air defense radar market is segmented into short range, medium range, and long range. The long range segment held the largest share of the Europe air defense radar market in 2022.
Based on system type, the Europe air defense radar market is segmented into fixed radar, and portable radar. The fixed radar segment held the larger share of the Europe air defense radar market in 2022.
Based on platform, the Europe air defense radar market is segmented into ground-base, aircraft-mounted, and naval based. The ground-base segment held the largest share of the Europe air defense radar market in 2022.
Based on application, the Europe air defense radar market is segmented into ballistic missile defense, identification friend or foe, weather forecasting, and others. The identification friend or foe segment held the largest share of the Europe air defense radar market in 2022.
Based on country, the Europe air defense radar market is segmented int o Germany, France, Italy, the UK, Russia, and the Rest of Europe. Russia dominated the Europe Air Defense Radar Market in 2022.
BAE Systems Plc, General Dynamics Corp, Honeywell International Inc, Israel Aerospace Industries Ltd, Leonardo SpA, Lockheed Martin Corp, Northrop Grumman Corp, Raytheon Technologies Corp, Saab AB, and Thales SA are some of the leading companies operating in the Europe air defense radar market.
Rise in Number of Contracts for Supply of Air Defense Radar Fuel the Europe Air Defense Radar Market
Vendors operating in the Europe Air Defense Radar Market are majorly focusing on collaborating with different governments and armed forces to understand their respective demands and provide them with reliable solutions. The armed forces of various countries are also providing several contracts to air defense radar manufacturers for the procurement of various defense systems. Moreover, the armed forces across different countries are investing significantly in procuring air defense systems such as surface-to-air missile systems, integrated air defense systems, fighter aircraft, naval defense systems, early warning systems, and border surveillance systems. Radar systems are fundamental components of comprehensive air defense systems. They enable armed forces to detect, track, and identify airborne threats such as aircraft, missiles, and drones. Thus, the increasing procurement of air defense systems is a major factor aiding the growth of the Europe air defense radar market.Europe Air Defense Radar Market Overview
The Europe Air Defense Radar Market is sub segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe. The rise in military expenditure across the European countries is one of the major factors catalyzing the Europe Air Defense Radar Market expansion across the region.The ongoing conflict between Russia and Ukraine has prompted a shift in defense priorities for a few European nations. As part of the NATO alliance, European countries have shown solidarity with Ukraine and increased their support to reinforce NATO's eastern flank. This has involved boosting defense spending to meet NATO commitments and enhance collective defense capabilities. The conflict has prompted greater collaboration among European nations in defense cooperation and joint capability development. This includes joint procurement projects, information sharing, and increased interoperability, which may require additional defense funding. In July 2023, the Ministry of Defence awarded BAE Systems a US$ 978.09 million contract to deliver a new radar for the Royal Air Force's Typhoon fighter jet fleet. The contract involves the development and integration of the European Common Radar System Mk2 radar onto the Typhoon aircraft. Similarly, in June 2023, the French defense ministry, the Ukrainian defense ministry, and Thales signed a contract to deliver a comprehensive short-range air defense system. The system will comprise several essential components, including a GM200 radar, a command-and-control center, a radio communications system, and air target designators. Such joint procurement projects, partnerships, and collaborations are anticipated to drive the Europe Air Defense Radar Market further.
Europe Air Defense Radar Market Revenue and Forecast to 2030 (US$ Million)
Europe Air Defense Radar Market Segmentation
The Europe air defense radar market is segmented into function, range, system type, platform, application, and country.Based on function, the Europe air defense radar market is segmented into synthetic aperture radar and moving target indicator radar, surveillance radar, airborne early warning radar, multi-functional radar, weather radar, and others. The synthetic aperture radar and moving target indicator radar segment held a largest share of the Europe air defense radar market in 2022.
Based on range, the Europe air defense radar market is segmented into short range, medium range, and long range. The long range segment held the largest share of the Europe air defense radar market in 2022.
Based on system type, the Europe air defense radar market is segmented into fixed radar, and portable radar. The fixed radar segment held the larger share of the Europe air defense radar market in 2022.
Based on platform, the Europe air defense radar market is segmented into ground-base, aircraft-mounted, and naval based. The ground-base segment held the largest share of the Europe air defense radar market in 2022.
Based on application, the Europe air defense radar market is segmented into ballistic missile defense, identification friend or foe, weather forecasting, and others. The identification friend or foe segment held the largest share of the Europe air defense radar market in 2022.
Based on country, the Europe air defense radar market is segmented int o Germany, France, Italy, the UK, Russia, and the Rest of Europe. Russia dominated the Europe Air Defense Radar Market in 2022.
BAE Systems Plc, General Dynamics Corp, Honeywell International Inc, Israel Aerospace Industries Ltd, Leonardo SpA, Lockheed Martin Corp, Northrop Grumman Corp, Raytheon Technologies Corp, Saab AB, and Thales SA are some of the leading companies operating in the Europe air defense radar market.
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Europe Air Defense Radar Market Landscape
5. Europe Air Defense Radar Market - Key Industry Dynamics
6. Air Defense Radar Market - Europe Market Analysis
7. Europe Air Defense Radar Market Analysis - Product Type
8. Europe Air Defense Radar Market Analysis - Range
9. Europe Air Defense Radar Market Analysis - System Type
10. Europe Air Defense Radar Market Analysis - Platform
11. Europe Air Defense Radar Market Analysis - Application
12. Europe Air Defense Radar Market - Country Analysis
13. Pre & Post Covid-19 Impact
14. Competitive Landscape
15. Industry Landscape
16. Company Profiles
17. Appendix
List of Tables
List of Figures
Executive Summary
At 3.7% CAGR, the Europe Air Defense Radar Market is Speculated to be Worth US$ 1,920.51 Million by 2030.According to this research, the Europe air defense radar market was valued at US$ 1,433.41 million in 2022 and is expected to reach US$ 1,920.51 million by 2030, registering a CAGR of 3.7% from 2022 to 2030. Rise in number of contracts for supply of air defense radar and continuous rise in defense spending are among the critical factors attributed to the Europe air defense radar market.
Changing modern warfare systems have been urging governments across the world to allocate higher funds toward respective military forces. The military budget allocation enables defense forces to procure advanced technologies and equipment from domestic or international manufacturers. On the same lines, soldier and military vehicle modernization practices are on the rise across numerous countries. With the need to strengthen military forces with advanced technologies, armaments, artilleries, and vehicles, among others, defense forces across the globe are investing substantial amounts in the products mentioned above. A continuous urge to procure new technologies for combat and noncombat operations by defense forces is further boosting defense spending across the world. According to the Stockholm International Peace Research Institute (SIPRI), global military expenditure rose to US$ 2,148 billion in 2022, representing a 3.5% increase from 2021.
Growing defense expenditure is stimulating the procurement of modern warfare technologies such as unmanned vehicles, lightweight radars, missile detection systems, and surveillance systems. Moreover, a higher defense budget allows countries to allocate resources for the modernization and upgrade of their existing air defense systems. This includes the replacement or enhancement of outdated radar systems with more advanced and capable ones.
On the contrary, threat of jamming and spoofing hampers the Europe air defense radar market.
Based on function, the Europe air defense radar market is segmented into synthetic aperture radar and moving target indicator radar, surveillance radar, airborne early warning radar, multi-functional radar, weather radar, and others. The synthetic aperture radar segment held 30.4% share of Europe air defense radar market in 2022, amassing US$ 436.05 million. It is projected to garner US$ 553.53 million by 2030 to expand at 3.0% CAGR during 2022-2030.
Based on range, the Europe air defense radar market is segmented into short range, medium range, and long range. The long-range segment held 44.7% share of Europe air defense radar market in 2022, amassing US$ 640.67 million. It is projected to garner US$ 815.17 million by 2030 to expand at 3.1% CAGR during 2022-2030.
Based on system type, the Europe air defense radar market is segmented into fixed radar, and portable radar. The fixed radar segment held 67.1% share of Europe air defense radar market in 2022, amassing US$ 962.32 million. It is projected to garner US$ 1,247.33 million by 2030 to expand at 3.3% CAGR during 2022-2030.
Based on platform, the Europe air defense radar market is segmented into ground-base, aircraft-mounted, and naval based. The ground-based segment held 67.1% share of Europe air defense radar market in 2022, amassing US$ 640.47 million. It is projected to garner US$ 850.47 million by 2030 to expand at 3.6% CAGR during 2022-2030.
Based on application, the Europe air defense radar market is segmented into ballistic missile defense, identification friend or foe, weather forecasting, and others. The identification friend or foe segment held 50.9% share of Europe air defense radar market in 2022, amassing US$ 730.22 million. It is projected to garner US$ 1,027.14 million by 2030 to expand at 4.4% CAGR during 2022-2030.
Based on country, the Europe air defense radar market has been categorized into the Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Russia captured 32.0% share of Europe air defense radar market in 2022. It was assessed at US$ 458.39 million in 2022 and is likely to hit US$ 604.96 million by 2030, exhibiting a CAGR of 3.5% during 2022-2030.
Key players operating the Europe air defense radar market are BAE Systems Plc, General Dynamics Corp, Honeywell International Inc, Israel Aerospace Industries Ltd, Leonardo SpA, Lockheed Martin Corp, Northrop Grumman Corp, Raytheon Technologies Corp, Saab AB, and Thales SA, among others.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BAE System Plc
- General Dynamics Corp
- Honeywell International Inc
- Israel Aerospace Industries Ltd
- Leonardo SpA
- Lockheed Martin Corp
- Northrop Grumman Corp
- Raytheon Technologies Corp
- Saab AB
- Thales SA
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 136 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value in 2022 | 1.43 Billion |
| Forecasted Market Value by 2030 | 1.92 Billion |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | Europe |
