Military Radars Market Trends, Share, Latest Insights and Demand During 2023-2028

According to IMARC Group’s latest report, titled “Military Radars Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.’ the global military radars market size reached US$ 15.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.32% during 2023-2028.

Military radars are technologically sophisticated systems that are integral to the defense apparatus of any modern military force. These radar systems are designed to detect and track objects, such as aircraft, missiles, ships, or other military units, to aid in situational awareness, threat assessment, and command and control activities. They work by transmitting radio waves that are reflected off objects, enabling the identification of an object's position, velocity, and other characteristics. Their applications range from air traffic control, surveillance, and reconnaissance to missile detection and weather observation. Given their strategic importance, military radars are deployed across various platforms, including airborne, naval, ground-based, and space-based, providing comprehensive coverage and multi-domain awareness for defense forces.

What are the growth prospects and trends in the military radars industry?

The escalating geopolitical tensions and the increasing military expenditure worldwide are the primary drivers propelling the growth of the global military radars market. The need for advanced situational awareness in modern warfare is leading to increased demand for sophisticated radar systems. Furthermore, significant technological advancements, such as the development of active electronically scanned array (AESA) radars and the rising integration of artificial intelligence and machine learning, are pushing the boundaries of radar capabilities, offering enhanced detection, tracking, and imaging functions. The advent of miniaturized unmanned aerial vehicles (UAVs) and the growing emphasis on counter-UAV systems are contributing to the growth of the market. Simultaneously, the widespread adoption of multi-function radars and network-centric warfare systems is marking a paradigm shift in defense strategies. In addition to this, the growing focus on indigenous production of military equipment, prompted by strategic and economic considerations, is creating a positive outlook for the market across the globe.

Request for a Free PDF sample of this report:  https://www.imarcgroup.com/military-radars-market/requestsample

What is included in market segmentation?

The report has segmented the market into the following categories:

Based On Product Type:

• Surveillance and Airborne Early Warning Radar
• Tracking and Fire Control Radar
• Multi-Function Radar
• Weapon Locating and C-RAM Radar
• Aircraft Bird Strike Avoidance Radar
• Air Traffic Control Radar
• Weather Radar
• Others

Based On Platform:

• Ground-based
• Naval
• Airborne
• Space

Based On Frequency Band:

• VHF/UHF Band
• L Band
• S Band
• C Band
• X Band
• Ku/Ka/K Band

Based On Dimension:

• 2D Radar
• 3D Radar
• 4D Radar

Based On Application:

• Air and Missile Defense
• Intelligence, Surveillance and Reconnaissance
• Navigation and Weapon Guidance
• Space Situational Awareness
• Others

Based On Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa 

Who are the key players operating in the industry?

The report covers the major market players including: 

• Airbus SE
• BAE Systems plc
• Elbit Systems Ltd.
• Honeywell International Inc.
• Israel Aerospace Industries
• L3Harris Technologies Inc.
• Leonardo S.p.A.
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Raytheon Technologies Corporation
• Saab AB
• Teledyne Technologies Incorporated
• Thales Group.

Explore full report with TOC & List of Figures: https://www.imarcgroup.com/military-radars-market

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States