The South & Central America air defense radar market is expected to grow from US$ 205.13 million in 2022 to US$ 252.95 million by 2030. It is estimated to grow at a CAGR of 2.7% from 2022 to 2030.
Based on function, the South & Central America 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 South & Central America air defense radar market in 2022.
Based on range, the South & Central America air defense radar market is segmented into short range, medium range, and long range. The long-range segment held the largest share of the South & Central America air defense radar market in 2022.
Based on system type, the South & Central America air defense radar market is segmented into fixed radar, and portable radar. The fixed radar segment held the larger share of the South & Central America air defense radar market in 2022.
Based on platform, the South & Central America air defense radar market is segmented into ground-base, aircraft-mounted, and naval based. The ground-base segment held the largest share of the South & Central America air defense radar market in 2022.
Based on application, the South & Central America 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 South & Central America air defense radar market in 2022.
Based on country, the South & Central America air defense radar market is segmented int o Brazil, and Rest of South & Central America. Brazil dominated the South & Central America air defense radar market in 2022.
BAE Systems Plc, General Dynamics Corp, Honeywell International Inc, Leonardo SpA, Lockheed Martin Corp, Saab AB, and Thales SA are some of the leading companies operating in the South & Central America air defense radar market.
Rise in Cross-Border Conflicts Fuel the South & Central America Air Defense Radar Market
Cross-border conflicts often involve threats from airborne platforms, including aircraft, UAS, and missiles. Air defense radar systems play a vital role in border surveillance by detecting and tracking these threats, providing early warning and enabling rapid response capabilities, including evacuation measures. Cross-border conflicts might also lead to the destruction of critical infrastructure, such as airports, power plants, and various government-based facilities. The need for enhanced surveillance to safeguard borders and other critical infrastructure drives the demand for advanced radar systems, including air defense radar systems, in conflict zones. In addition, military forces often establish forward operating bases (FOBs) near conflict zones. These FOBs require robust air defense capabilities to protect personnel and equipment. Air defense radar systems are integral to FOBs, providing surveillance, detection, and response capabilities against airborne threats. Thus, the increase in the utilization of air defense radars in conflict areas is expected to create opportunities for the South & Central America Air Defense Radar Market growth in the coming years.South & Central America Air Defense Radar Market Overview
South & Central America Air Defense Radar Market is bifurcated into Brazil and the Rest of SAM. Governments of various countries in SAM have increased their military spending to establish a sustainable and robust defense sector. According to SIPRI, the military expenditure of SAM was US$ 44,317.9 million in 2020, which increased to US$ 45,879.8 million in 2021 and reached US$ 46,097.0 million in 2022. Many SAM countries have aging military equipment and outdated defense systems. Increasing defense budgets allows for the modernization of military forces, including the acquisition of advanced weaponry, surveillance systems, and communication technologies. Keeping pace with technological advancements is essential to maintain an effective defense posture. In October 2022, Elbit Systems Ltd, a leading defense technology company, secured a contract worth ~US$ 65 million to provide a modernization solution to an undisclosed SAM army over a period of two and a half years. Elbit Systems will deliver a modernization solution to the SAM army, although the scope of the solution and its specific details have not been disclosed. Modernization solutions typically involve upgrading and integrating new technologies into existing military systems to enhance operational effectiveness, efficiency, and capabilities. Such a trend of modernization of military systems is projected to support the South & Central America Air Defense Radar Market.South & Central America Air Defense Radar Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Air Defense Radar Market Segmentation
The South & Central America air defense radar market is segmented into function, range, system type, platform, application, and country.Based on function, the South & Central America 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 South & Central America air defense radar market in 2022.
Based on range, the South & Central America air defense radar market is segmented into short range, medium range, and long range. The long-range segment held the largest share of the South & Central America air defense radar market in 2022.
Based on system type, the South & Central America air defense radar market is segmented into fixed radar, and portable radar. The fixed radar segment held the larger share of the South & Central America air defense radar market in 2022.
Based on platform, the South & Central America air defense radar market is segmented into ground-base, aircraft-mounted, and naval based. The ground-base segment held the largest share of the South & Central America air defense radar market in 2022.
Based on application, the South & Central America 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 South & Central America air defense radar market in 2022.
Based on country, the South & Central America air defense radar market is segmented int o Brazil, and Rest of South & Central America. Brazil dominated the South & Central America air defense radar market in 2022.
BAE Systems Plc, General Dynamics Corp, Honeywell International Inc, Leonardo SpA, Lockheed Martin Corp, Saab AB, and Thales SA are some of the leading companies operating in the South & Central America air defense radar market.
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. South & Central America Air Defense Radar Market Landscape
5. South & Central America Air Defense Radar Market - Key Industry Dynamics
6. Air Defense Radar Market - South & Central America Market Analysis
7. South & Central America Air Defense Radar Market Analysis - Product Type
8. South & Central America Air Defense Radar Market Analysis - Range
9. South & Central America Air Defense Radar Market Analysis - System Type
10. South & Central America Air Defense Radar Market Analysis - Platform
11. South & Central America Air Defense Radar Market Analysis - Application
12. South & Central America 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 2.7% CAGR, the South & Central America Air Defense Radar Market is speculated to be worth US$ 252.95 million by 2030.According to this research, the South & Central America air defense radar market was valued at US$ 205.13 million in 2022 and is expected to reach US$ 252.95 million by 2030, registering a CAGR of 2.7% from 2022 to 2030. Rise in number of contracts for supply of air defense radar , continuous rise in defense spending, and development of miniaturized and low-cost radars are among the critical factors attributed to the South & Central America air defense radar market.
The development of miniaturized and low-cost radars is due to technological advancements, such as improved semiconductor manufacturing processes and the miniaturization of associated components. These advancements enable the development of smaller, lighter, and more cost-effective radar systems or miniaturized radar systems compared to traditional ones without compromising performance. Their compact form makes them more accessible and adaptable to different operational requirements and environments. This feature also allows easier integration of radars into various platforms, such as ground-based systems, naval vessels, or unmanned aerial vehicles (UAVs). The flexibility and adaptability of miniaturized radars make them suitable for diverse operational environments, expanding their market potential. Further, the various market players are focusing more on the cost efficiency of the air defense radar systems. For instance, radar systems such as multifunction radar systems offer enhanced operational efficiency by integrating multiple radar capabilities into a single platform. The ability to perform multiple tasks with a single system increases operational efficiency and cost-effectiveness. Thus, the market is witnessing the growing trend of miniaturized and low-cost radars development.
On the contrary, threat of jamming and spoofing hampers the South & Central America air defense radar market.
Based on function, the South & Central America 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 30.8% share of South & Central America air defense radar market in 2022, amassing US$ 63.20 million. It is projected to garner US$ 73.81 million by 2030 to expand at 2.0% CAGR during 2022-2030.
Based on range, the South & Central America air defense radar market is segmented into short range, medium range, and long range. The long range segment held 44.5% share of South & Central America air defense radar market in 2022, amassing US$ 91.35 million. It is projected to garner US$ 105.93 million by 2030 to expand at 1.9% CAGR during 2022-2030.
Based on system type, the South & Central America air defense radar market is segmented into fixed radar, portable radar. The fixed radar segment held 64.1% share of South & Central America air defense radar market in 2022, amassing US$ 131.45 million. It is projected to garner US$ 156.33 million by 2030 to expand at 2.2% CAGR during 2022-2030.
Based on platform, the South & Central America air defense radar market is segmented into ground-base, aircraft-mounted, and naval based. The ground-based segment held 44.6% share of South & Central America air defense radar market in 2022, amassing US$ 91.46 million. It is projected to garner US$ 111.82 million by 2030 to expand at 2.5% CAGR during 2022-2030.
Based on application, the South & Central America 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 52.0% share of South & Central America air defense radar market in 2022, amassing US$ 106.57 million. It is projected to garner US$ 138.00 million by 2030 to expand at 3.3% CAGR during 2022-2030.
Based on country, the South & Central America air defense radar market has been categorized into Brazil, and the Rest of South & Central America. Our regional analysis states that Brazil captured 75.8% share of South & Central America air defense radar market in 2022. It was assessed at US$ 155.56 million in 2022 and is likely to hit US$ 195.27 million by 2030, exhibiting a CAGR of 2.9% during 2022-2030.
Key players operating the South & Central America air defense radar market are BAE Systems Plc, General Dynamics Corp, Honeywell International Inc, Leonardo SpA, Lockheed Martin Corp, Saab AB, and Thales SA, among others.
Companies Mentioned
- BAE System Plc
- General Dynamics Corp
- Honeywell International Inc
- Leonardo SpA
- Lockheed Martin Corp
- Saab AB
- Thales SA
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 118 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value in 2022 | 205.13 Million |
| Forecasted Market Value by 2030 | 252.95 Million |
| Compound Annual Growth Rate | 2.7% |
| No. of Companies Mentioned | 7 |
