Global Military Radar Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Military Radar Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Component (Antenna, Transmitter, Receiver, Duplexer, and Others), Range (Short (<50 Kms), Medium (50-200 Kms), and Long (>200 Kms)), Application (Airspace monitoring and traffic management, Space situation awareness, Patrolling, search and rescue operations, Weapon guidance, Mapping & navigation, and Others), End-use (Land, Airborne, and Naval), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Military Radar Market was valued at USD 14,309.1 million in 2023 and is expected to reach USD 21,302.6 million by 2031 while growing at a CAGR of 5.1% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global military radar market growth. A military radar, or "radio detection and ranging," is essential for detecting, locating, tracking, and identifying objects in the air, on land, or at sea. Integral to military operations, radar technology is crucial for surveillance, reconnaissance, navigation, target acquisition, and missile guidance. The system operates by transmitting radio waves and analyzing the reflections from objects within its detection range.
Advancements in technology, including AESA radar, SAR, and GaN technology, coupled with a rising need for versatile radar systems, propel the military radar market. Nonetheless, obstacles like International Regulations, Export Controls, and Geopolitical Tensions pose potential hindrances to market expansion.
Furthermore, the global military radar industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Component Analysis
The Global Military Radar Market is segmented among Antenna, Transmitter, Receiver, Duplexer, and Others, based on Component. In 2023, Antenna accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Range Analysis
The Global Military Radar Market is segmented among Short (<50 Kms), Medium (50-200 Kms), and Long (>200 Kms), based on Range. In 2023, Short (<50 Kms) accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Military Radar Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Aselsan A.S., BAE Systems plc, Boeing Company, Cobham plc, FLIR Systems, Inc., General Dynamics Corporation, Hensoldt AG, Honeywell International, Israel Aerospace Industries, L3Harris Technologies, Inc., Leonardo S.P.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, Saab AB, and Thales Group.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Military Radar Market Dynamics
Drivers
Restraints
Opportunity
4. Global Military Radar Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Military Radar Market Segmentation, By Component
Global Military Radar Market Share Analysis, By Component
Global Military Radar Market Growth Analysis, By Component
Global Military Radar Market Trends, By Component
o Antenna
o Transmitter
o Receiver
o Duplexer
o Others
6. Global Military Radar Market Segmentation, By Range
Global Military Radar Market Share Analysis, By Range
Global Military Radar Market Growth Analysis, By Range
Global Military Radar Market Trends, By Range
o Short (<50 Kms)
o Medium (50-200 Kms)
o Long (>200 Kms))
7. Global Military Radar Market Segmentation, By Application
Global Military Radar Market Share Analysis, By Application
Global Military Radar Market Growth Analysis, By Application
Global Military Radar Market Trends, By Application
o Airspace monitoring and traffic management
o Space situation awareness
o Patrolling
o search and rescue operations
o Weapon guidance
o Mapping & navigation
o Others
8. Global Military Radar Market Segmentation, By End-use
Global Military Radar Market Share Analysis, By End-use
Global Military Radar Market Growth Analysis, By End-use
Global Military Radar Market Trends, By End-use
o Land
o Airborne
o Naval
9. Global Military Radar Market Segmentation, By Region
Global Military Radar Market Share Analysis, By Region
Global Military Radar Market Growth Analysis, By Region
Global Military Radar Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
10. Competitive Landscape
Aselsan A.S.*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
BAE Systems
Boeing Company
Cobham plc
FLIR Systems, Inc.
General Dynamics Corporation
Hensoldt AG
Honeywell International
Israel Aerospace Industries
L3Harris Technologies, Inc.
Leonardo S.P.A.
Lockheed Martin Corporation
Northrop Grumman Corporation
Raytheon Technologies Corporation
Rheinmetall AG
Saab AB
Thales Group
*Similar analysis will be provided for each company listed above.
