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The global military radar market size is projected to reach USD 24.36 billion by 2027 owing to rising threat of terrorist activities across the globe, shares Fortune Business Insights™ in its report, titled “Military Radar Market Size, Share & COVID-19 Impact Analysis, By Platform (Airborne Radar, Ground Radar, Naval Radar), By Range (Long, Medium, Short, Very Short) By Application (Weapon Guidance, Airspace Monitoring & Traffic Management, Airborne Mapping, Ground Surveillance & Intruder Detection, Navigation, Others), By Frequency (C-Band, S-Band, X-Band, L-Band, UHF/VHF, Ku/K/Ka-Band), By Component (Transmitter, Antenna, Receiver, Duplexer, Others), and Regional Forecast, 2020-2027”. As per the report, the value of the global market in 2019 stood at USD 14.66 billion and is expected to grow at a CAGR of 7.52% from 2020 to 2027.
The COVID-19 pandemic is anticipated to impede the military radar market growth owing to widespread disruptions in defense supply chains. This has been mainly a consequence of lockdowns and social distancing, which have forced manufacturers to work at limited capacity. However, defense production and procurement operations have continued, even during the peak of the pandemic, which will stabilize the market in the next few months.
Northrop Grumman Bags USAF Contract for AESA Radars
In February 2020, the US Air Force (USAF) granted Northrop Grumman a contract worth USD 262.3 million to deliver Active Electronically Scanned Array (AESA) radars for its F-16 fighter jet fleet. Under the contract, Northrop will engineer and manufacture 15 AESA radars as well as supply 90 AESA production units to the USAF. The signing follows the Department of Defense’s (DoD) initiative to modify its fifth-generation fighter planes with advanced radar systems. The DoD has also noted that the total potential value of the contract could go in excess of USD 553.4 million and will run through December 2022.
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Incorporation of AI in Target Detection Systems to Fuel the Market
Traditional military radar systems have been encountering the problem of detecting unmanned aerial vehicles (UAVs), or drones, on account of their small size. To address this, governments around the world are infusing funds into R&D to develop advanced radar systems, which has led to the incorporation of Artificial Intelligence (AI) and Machine Learning (ML) capabilities in these systems. For example, in 2019, researchers at the Daegu Gyeongbuk Institute of Science And Technology in South Korea and California State University at Fresno devised AESA radar, equipping it with a neural networking mechanism called the Generative Adversarial Network (GAN). With this AI-based tool, the radar can detect drones at a distance of 3km. In the US, the Defense Advanced Research Projects Agency (DARPA) uses machine learning tools to automatically detect targets under its Target Recognition and Adaption in Contested Environments (TRACE) program with the aid of Synthetic-Aperture Radar (SAR) images.
Supplying Advanced Technologies to Defense Agencies to be the Focus Area for Key Players
Key players in this market are focused on designing, developing, and delivering advanced defense systems to defense agencies around the world. This strategy is allowing companies to gain prominence internationally as well as diversify their service and product offerings domestically. Additionally, well-established companies such as Lockheed Martin are implementing next-gen tools based on augmented reality and Internet of Things to establish new frontiers in military radar systems.
List of Key Players Covered in the Market Report:
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Value (USD Billion)
By Frequency Band