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The global military radar market size was USD 14.66 billion in 2019 and is projected to reach USD 24.36 billion by 2027, exhibiting a CAGR of 7.52% during the forecast period.
Radar is used in defense applications to detect threats in air, land, and sea, such as missiles, ships, aircraft, and spacecraft. The rising concern of strengthening defense capabilities and increasing the procurement of defense equipment is expected to drive the growth of the market. The growth in defense spending by emerging economies in regions such as Asia-Pacific and the Middle East can be attributed to the continuous need to monitor the rising terrorist activities combined with geopolitical tensions. In 2018, countries such as China, India, and Israel are having spent USD 175.8 billion, USD 64.5 billion, and USD 15.5 billion respectively. This has significantly propelled the growth of the market.
COVID-19 Pandemic Expected to Affect Defense Supply Chain
The pandemic has shattered the economic condition of various developing economies such as India as well as developed countries such as the U.S. and others. The defense industry continues to operate despite the global crisis and still has strong demand from its customers. The U.S. Department of Defense (DoD) continues to buy products, accelerate payments, and issue contracts on a regular basis to help small and large businesses. However, the production in tier three and tier four suppliers has slowed down as the workforce has been substantially reduced due to COVID-19, which has delayed the delivery of purchased equipment. This reduction of work level is expected to lead to delays in programs and increase the costs, which are expected to impact the military radar market growth negatively.
Moreover, countries such as Israel are using radar systems to remotely monitor and detect vital signs of the patients infected with COVID-19 without direct contact, which reduces the risk of infection for medical staff. Thus, the modification of radar systems is supporting the market, but the overall growth is hampered due to the slow production of components.
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Emergence of MIMO Radar to Overtake Conventional Phased Array Radar
The multiple-input multiple-output (MIMO) radar has multiple antennas that radiate arbitrary waveforms and are equipped with digital receivers. The MIMO radars are developed to decrease the weight, power, size, and cost of conventional AESA (Active Electronically Scanned Array) radars. These radars leverage 3D range with their multiple transmit and receive antennas that can operate at different frequencies. This new MIMO radar technology is anticipated to outperform the conventional active electronically phased array (AESA) systems for ground based radar applications owing to its higher jamming resistance and drive the military radar systems market trends.
Rising Concern to Strengthen Air Defense Capabilities to Propel Market Growth
The Middle East has been a conflict prone region for a long time owing to border conflicts and tensions in countries such as Saudi Arabia, Iraq, and Syria. The uncertainty in regional power and local disputes has led to an increase in import of arms in the region. These concerns have led to an increase in defense expenditure and procurement of these radars to detect threats, which are expected to fuel the market growth. Moreover, the shift in warfighting methods such as cyber and electronic warfare is anticipated to generate opportunities for radar systems.
Technological Advancements in Radar Technology to Fuel Growth
The radar manufacturers are focused on developing and innovating more precise radar systems. The market is shifting towards the adoption of modern active electronically scanned array radars. These types of radars can be controlled with software to change and optimize the targets without making any modifications to the hardware. Developments in solid-state technology such as Gallium Nitride have given birth to a new generation of AESA radars. The next-generation radars such as Lower Tier Air and Missile Defense Sensor (LTAMDS) developed by Raytheon and Gallium Nitride (GaN) AESA radar developed by SAAB AB have long-range and better target detection capabilities.
Rise in the research and development (R&D) expenditure and new product development backings the demand for new radar technologies. With evolving electronic and cyber battlefields, the demand for next-generation radars is increasing and is expected to drive the growth of the market.
Unavailability of Radar Solution to Counter Drones to Hamper Growth
Generally, most drones are very small in size and cannot be detected by the radars unless the drones have ADS-B or a transponder installed onboard. There is no solution available yet to counter such a small entity on the radar scope. Moreover, due to the rising adoption of private or commercial drones, the radar systems are unable to handle such a large number of targets at the same time. To avoid overloading the system, the inbuilt filters display only more important targets, and the rest is filtered out. The inability to detect drones and the rising adoption of miniature drones for surveillance purposes is expected to hamper the market growth.
High Cost Involved in Development of Radar Systems to Hinder Market Growth
The military and space radars need to be built for severe weather conditions, and hence the research and development activities of these radars involve high costs. Moreover, due to the economic slowdown and outbreak of COVID-19, the cost of spare parts and other components has increased. European countries such as the U.K and Russia have decreased their defense spending owing to the economic crisis, which is anticipated to hamper the market growth.
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Airborne Radar Segment to Grow at Higher CAGR Backed by Rising Demand for UAV Radar
Based on the platform, the market is divided into airborne radar, ground radar, and naval radar. The land radar/ ground-based radar segment is anticipated to dominate the market in 2019 on account of rising cross-border conflicts and geopolitical disputes among several countries. The airborne radar segment is expected to grow at higher CAGR during the forecast period owing to the rising demand for UAV radar and increasing procurement of fighter jets in developing countries such as India.
Rising Demand for Border Security Predicted to Fuel Growth of Short Range Radar Segment
Based on range, the market is classified into long, medium, short, and very short. The short-range segment is anticipated to dominate the market during the forecast period owing to its wide range of usage for border surveillance, security, and monitoring applications. The long-range radar segment is expected to be the fastest-growing segment due to the rising demand for long-range radars for naval surveillance and maritime operations.
Rising Border Tensions to Enable the Ground Surveillance and Intruder Detection Segment to Dominate the Market
Based on application, the market is segmented into airspace monitoring & traffic management, weapon guidance, airborne mapping, ground surveillance & intruder detection, navigation, and others. The ground surveillance & intruder detection segment is anticipated to dominate the military radar systems market share during the forecast period owing to the rising adoption of radars for border security. Rising cross border disputes have led to an increase in demand for these radar systems for surveillance and threat detection applications.
UHF/VHF Segment to Dominate Market as Demand for Airborne Application Rises
Based on radar frequency, the market is classified into C-band, S-band, X-band, L-band, UHF/VHF, and Ku/K/Ka-band. The UHF/VHF frequency segment is anticipated to be the fastest-growing segment owing to its rising demand for synthetic aperture radar (SAR). Moreover, the increasing demand for high-frequency radars for airborne and maritime applications is expected to support market growth.
Antenna Predicted to Be the Fastest-Growing Segment Supported by Technological Advancements
Based on components, the market is classified into transmitter, antenna, receiver, duplexer, and others. The antenna segment is anticipated to be the largest and fastest-growing segment owing to the growing demand for advanced military surveillance radars and tracking systems. Rising cross border conflicts between countries such as China and India has led to an increase in demand for advanced antennas that are reliable, efficient, and provide real-time communications.
North America Military Radar Market Size, 2019 (USD Billion)
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Asia Pacific is projected to hold the major share of the military radar market. The defense spending in Asia-Pacific is on the rise due to the rise in border disputes & geopolitical tensions in countries such as China and India, which has led to the increasing demand for advanced threat detection systems in the region. This is anticipated to offer numerous growth opportunities for investors in the market. Moreover, the changing relationship between China and the rest of the world will stimulate opportunities and competition in the global market.
Europe, which is the worst-hit region by the COVID-19 pandemic, is also expected to grow substantially owing to the rising military modernization programs. The demand is expected to come from countries such as Spain, Germany and others, where increase in military expenditure has been observed year-over-year. For example, HENSOLDT, a German defense electronics and sensor company, has signed a contract with Airbus Defense and Space to provide all new AESA Radars for German and Spanish fleet of Euro fighters. The contract is worth of USD 1.70 billion, under which the fighter aircraft radar components such as digital multi-channel receiver, transmitter and antenna receiver modules will be sourced to the 130 aircraft.
North America is anticipated to dominate the global market in 2019 and is valued at USD 9.74 Billion. Programs and initiatives such as the three dimensional expeditionary long-range radar and the air and missile defense radar are expected to encourage growth in the market. The U.S. has one of the most powerful military forces in the world and spends heavily on defense vessels, creating conducive growth climate for the defense industry. Moreover, the U.S-based companies such as Lockheed Martin, The Boeing Company, and Northrop Grumman Corporation are some of the largest organizations operating in the market for military radars.
The market in the Middle East is anticipated to grow significantly owing to the rising space expeditions and increased defense budget of countries such as Saudi Arabia and Israel.
Lockheed Martin Corporation Embracing on Fully Digital Environment to Sustain Its Leading Position in the Market
Lockheed Martin Corporation, with its wide product portfolio, is leading the military radars market. With strategic acquisitions and partnerships, the company is focused on growing its capabilities. Moreover, the company is implementing automation and utilizing augmented reality and Internet of Things (IoT) technologies to build digital radar sensors, making the future environment completely digital. This digital automation is expected to spur future opportunities for the company.
An Infographic Representation of Military Radar Market
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The military radar market report provides a detailed analysis of this market and focuses on key aspects such as top defense companies, radar product types, and leading applications. Moreover, the market research report offers insights into market trends and highlights key industry developments. In addition to the factors mentioned above, the market report encompasses several direct and indirect factors that have contributed to the growth of the market over recent years.
Value (USD Billion)
By Frequency Band
Fortune Business Insights says that the global market size for military radar was USD 14.66 billion in 2019 and is projected to reach USD 24.36 billion by 2027
The market is projected to grow at a CAGR of 7.52% during the forecast period (2020-2027).
The airborne radar segment is expected to be the leading segment in this market during the forecast period.
Lockheed Martin Corporation is the leading key player in the global market.
North America held the highest market share in 2019.
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