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The military radar market has been rapidly developing in response to the growing application in defense to detect threats, defense spending in emerging economies, rising terrorist activities, and procurement of defense equipment. These are the major contributing factors driving the market. As per a report by Fortune Business Insights™, the market for military radar is set to reach USD 22.06 billion by 2028 from USD 14.41 billion in 2021 at a CAGR of 6.27% in the forecast period. The market is driven by developments in range, detection, identification, and integration with other devices and flexibility to new assignments, stages, and surroundings that surge the demand for new military radar on a global scale.
The rapid spread of COVID-19 led to a significant drop in demand for military radar. With a corresponding reduction in revenues for several military radar dealers, service suppliers were due for late delivery, manufacturing came to a halt, limited workforce at manufacturing facilities, and limited accessibility of tools. The manufacturing sector has been experiencing exceptional interruptions due to the COVID-19 epidemic. However, the defense sector is anticipated to stay stable and produce as most countries do not bargain with their defense finances and remain dedicated to supporting their military capabilities. Companies located in countries severely affected by COVID-19 and those reliant on supply chains situated in affected nations have been the direct victims of the pandemic.
Fortune Business Insights™ Presents Top 5 Key Military Radar Manufacturers in the Market:
Airbus is a prominent participant in the aerospace industry. The firm plans to improve and distribute helicopters, commercial airplanes, military transportation, satellites, and launch automobiles. Additionally, it offers data services, protected communications, urban flexibility, navigation, and other solutions for its clients.
In June 2021, the Royal Navy teamed up with Airbus S.A.S. to deliver satellite-centered maritime surveillance services for the U.K. Royal Navy. The company will provide reports about vessels contained by the U.K. Exclusive Economic Zone by consuming optical and radar imaging and automatic identification system (AIS) data. It also delivers statistics that aid in anticipation of possible illegal actions.
Raytheon Technologies Corporation has a Missiles & Defense section that contains a range of portfolio for advanced technologies involving precision weapons, missile defense systems, command & control systems, and military radar. It delivers end-to-end results to discover, track, and include threats. It majorly functions with four branches, Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense.
In June 2021, the U.S. Air Force signed a reformed contract worth USD 78.1 million to distribute contractor logistics support for an early cautionary radar it created for Qatar.
Northrop Grumman is international aerospace, defense, and security corporation. Its popular business is with the U.S. government, mainly the Department of Defense and Intelligence Community. The firm primarily functions in four industry sectors, aeronautics systems, defense systems, mission systems, and space systems. Mission systems offer surveillance and early warning and control radar systems, fire control, electronic violence, support systems, communications and counter-communications systems, software-defined radios and network gateways, and other products and services.
In June 2020, Northrop Grumman teamed up with the U.S. Air Force to upgrade RF and microwave components in F-16 APG-83 AESA radar for a contract worth USD 18.7 million. The APG-83 AESA fire-control scalable agile-beam radar (SABR) incorporates within the F-16’s structural, power, and cooling without aircraft adjustment.
Saab is a world-leading provider of products, services, and solutions from military defense to civil security. The enterprise has five main proficiency areas, aeronautics, advanced weapons systems, command and control systems, sensors, and underwater systems.
In December 2020, Swedish Defense Material Administration signed a contract with Saab for an integrated sensor and command & control system with earth-based air defense. The enterprise will source multifunctional radar Giraffe 4A and upgrades of the Swedish Armed Forces’ existing Giraffe AMB surface radars underneath the contract.
Thales Group is a prominent supplier of aerospace & defense products globally. It majorly functions in six domains, defense and security, digital identity and security, aerospace, space, transport, and market-specific solutions. Thales Alenia Space, a subsidiary of Thales Group, has designed, integrated, tested, operated, and delivered advanced space systems.
In June 2021, the Department of National Defense of Canada signed a contract with Thales Group to supply tactical control radar (TCR). Thales will deliver a renovated radar system that supports the upcoming mission of the Royal Canadian Air Force. These systems will be situated in Quebec, Cold Lake, Alberta, and Bagotville.
Requirement for Advanced Systems to Boost the Market of Military Radar
There is a growing demand for technologically advanced combat systems from the defense military. Governments across the globe are concentrating on improving stealth aircraft and spending profoundly on advanced surveillance systems, including military radar. Developing new missiles with high-end tools is a significant risk to intentional locations and platforms such as military airbases and ships. Furthermore, recent developments contain nuclear-capable ballistic missiles and high-speed cruise missiles. They can terminate various cities and lives. Therefore, numerous countries are producing such innovative missiles proficient in defeating high-end air defense systems.
Written by - Nupur Harde