Military Radars - Global Strategic Business Report

The global market for Military Radars is estimated at US$17.2 Billion in 2023 and is projected to reach US$20.9 Billion by 2030, growing at a CAGR of 2.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the military radars market is driven by several factors. Increasing global security threats, including the proliferation of advanced missile technologies and the rise of asymmetric warfare tactics, are prompting nations to invest in sophisticated radar systems for enhanced defense capabilities. Technological advancements, such as AESA and AI integration, are making military radars more effective and reliable, driving demand for next-generation radar systems. The expanding use of UAVs and the need for counter-UAV capabilities are also contributing to market growth, as radars play a crucial role in detecting and neutralizing drone threats.

Additionally, geopolitical tensions and the modernization programs of military forces worldwide are fueling the procurement and development of advanced radar systems. Government funding and defense budgets allocated for upgrading and expanding radar infrastructure are further propelling market expansion. These factors collectively underscore the dynamic growth and strategic importance of the military radars market in ensuring national security and defense readiness.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Airborne Military Radars segment, which is expected to reach US$9.2 Billion by 2030 with a CAGR of a 2.2%. The Ground Military Radars segment is also set to grow at 2.9% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $4.7 Billion in 2023, and China, forecasted to grow at an impressive 4.8% CAGR to reach $4.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Military Radars Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Military Radars Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Military Radars Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Applied Radar, Inc., BAE Systems plc, FLIR Systems, Inc., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 79 Featured):

• Applied Radar, Inc.
• BAE Systems plc
• FLIR Systems, Inc.
• Harris Corporation
• Honeywell International, Inc.
• Indra Sistemas, S.A.
• Israel Aerospace Industries Ltd.
• Leonardo DRS
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Raytheon Company
• Reutech Radar Systems
• Rockwell Collins
• Saab Group
• Telephonics Corporation
• Terma A/S
• Thales Group