Military Radar Market to Grow at a CAGR of 20.96% During 2024-2032; Increasing Military Radars Installations at Key Locations to Drive Market Expansion

The global military radar market size was valued at USD 35.58 billion in 2023. The market is projected to grow from USD 46.07 billion in 2024 to USD 211.12 billion by 2032, exhibiting a CAGR of 20.96% during the forecast period.

Fortune Business Insights™ presents this information in its report titled, “Military Radar Market Size, Share, Russia-Ukraine War Impact, By Component (Transmitter, Antenna, Receiver, Duplexer, and Others), By Frequency (C-Band, S-Band, X-Band, L-Band, UHF/VHF, and Ku/K/Ka-Band), By Range (Long, Medium, Short, and Very Short), By Platform (Airborne Radar, Land Radar, and Naval Radar), By Application (Weapon Guidance, Airspace Monitoring & Traffic Management, Airborne Mapping, Ground Surveillance & Intruder Detection, Navigation, and Others), and Regional Forecast, 2024-2032”.

A radar system is a range and radio system that uses radio waves to detect the ranges, angles, and velocities of objects. The military radar system is utilized by the defense forces for several purposes, including surveillance, finding targets and tracking their movements via missiles, aircraft, naval vessels, Unmanned Aerial Vehicles (UAVs), and land vehicles. The growing installations of these radars at major locations to bolster the detection rate are boosting the market growth.

Increased Demand for Hi-Tech Radar Due to Russia-Ukraine War to Propel Market Growth

The increased demand for hi-tech radar and agility for proper operations due to the ongoing Russia-Ukraine war is driving market expansion. Both Russia and Ukraine have prioritized the expansion of their military capabilities during the war, including their radar systems, leading to an increased demand for radar equipment and technologies for defensive purposes.

DE&S Offered a Contract to BAE Systems to the Supply of Military Radars

In June 2023, DE&S offered a 10-year contract to BAE systems and will also support the supply of Sampson, Artisan, and long range radars found on warships, including Type 23 & 26 frigates, the Queen Elizabeth Class Aircraft Carriers, or Type 45 destroyers. DE&S’s Maritime Anti Air Weapons Systems have placed the contract, and the value was USD 290.6 million.

Increased Emphasis on Strengthening National Defenses by Various Governments to Boost Market Expansion

The increasing emphasis on strengthening the national defenses by the different governments to avoid any possible attack or threat on their country is propelling the military radar market growth. The radar technology is crucial in strengthening the defense and security capabilities of the country as it detects the entry of a foreign object into the region, driving the adoption of this technology globally. Countries such as France, the U.S., Germany, China, and India, are continuously upgrading their defense systems and adopting next-generation radar technology to strengthen their defense capabilities.

However, the increasing development of stealthy technologies due to the combination of techniques enabling vehicles to be undetectable in radar systems might hinder market growth.

Growing Key Players’ Focus on Investment in Research and Development Programs to Bolster Market Expansion

The military radar market comprises key players with strong product and brand portfolios. The increasing focus of these key players on investment in research and development programs to build cost-efficient and innovative product lines bolsters market expansion.

Notable Industry Development

• July 2023 – BAE Systems have been awarded a five-year contract by Leonardo U.K. to enhance the capabilities of the RAF Typhoon fighter jet that will be fitted with one of the most advanced radars, the European Common Radar System ECRSM2. The total value of the contract was approximately USD 958.9 million.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/military-radar-market-101777

List of the Companies Profiled in the Report:

• BAE Systems plc. (U.K.)


• Hanwha Systems Co. Ltd. (South Korea)


• Hensoldt AG (Germany)


• Honeywell International Inc. (U.S.)


• Israel Aerospace Industries Ltd. (Israel)


• L3Harris Technologies, Inc. (U.S.)


• Leonardo S.p.A (Italy)


• Lockheed Martin Corporation (U.S.)


• Northrop Grumman Corporation (U.S.)


• Raytheon Technologies Corporation (U.S.)


• Saab AB (Sweden)

Further Report Findings-

• North America held the largest military radar market share in 2023 and was valued at 13.62 billion in 2023. The increased spending on the procurement and defense solutions of advanced military radars drives the market expansion across North America.


• Asia Pacific is anticipated to be the fastest-growing region during the projected period owing to the increasing expansion of the aviation sector and increasing demand for next-generation radar systems for naval ships and airborne radar.


• Europe is the second-leading region in the market after Asia Pacific during the forecast period due to the increasing procurement of military radars in countries, including France, the U.K., Russia, and the rest of Europe.


• The rising investments in commercial and defense infrastructures propel the market in the rest of the world.

Table of Segmentation: