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 obse