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    Military Radars Market Report

    Military Radars Market Report
    Report code - SR2044 Delivery - 2 Weeks
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    Military Radars Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Oppo See more...

    Market Insights

    The Military Radars market was estimated at US$ 14.3 Billion in 2021 and is expected to grow at a CAGR of 4.5% during 2022-2028 to reach US$ 19.1 Billion in 2028.

    With major advancements similar to radar technology and independent drones, border surveillance has evolved with time. Man-movable ground surveillance radars for border security have enabled many countries to secure their borders more efficiently. These surveillance radars are placed strategically on borders and play an important part in detecting possible invasions.

    Developing new-generation weapons with high-end technologies is a major concern to strategic locales and platforms, similar to military airbases and vessels. Some of these new developments include nuclear-able ballistic missiles and high-speed voyage missiles. Nuclear ballistic missiles could destroy various metropolises and lives. Many nations are developing advanced munitions to defeat high-end air defense systems similar to the Medium Extended Air Defense System and S- 400. Countries like India, China, and Russia have developed hypersonic missiles that are delicate to block for bullet security. India and Russia have concertedly developed the BrahMos bullet, which is delicate to block by aged bullet defense securities. These developments have led to demand for new-generation high-speed air defense radar systems.

    The COVID- 19 in Europe, the US & Asia Pacific has led to a significant drop in demand for military radars worldwide, with a corresponding reduction in earnings for major military radars suppliers and service providers across all requests owing to late delivery, manufacturing arrestment, limited staff at manufacturing installations, and limited availability of equipment. As per industry experts, the demand for military radars is anticipated to recover by 2023.

    Several investments/guidelines in the industry have been directed in recent years, which would boost the overall market. Some of them are: 

    • One of the major players, Raytheon, is providing the U.S. Army with their next-generation, 360-degree capable radar. Moreover, the company will receive more than USD$384 million to deliver six production representative units of the advanced Lower Tier Air and Missile Defense Sensor (LTAMDS) radar under the Other Transactional Authority U.S. Army agreement.

    Segment Analysis

    Based on the component, the market is divided into antennas, transmitters, receivers, power amplifiers, duplexers, digital signal processors, stabilization systems, and graphical user interfaces. Antennas are further sub-divided into Parabolic Reflector Antennas, Slotted Waveguide Antennas, Planar Phased Array Antennas, Active Scanned Array Antennas, and Passive Scanned Array Antennas. The Antenna is expected to remain the largest market for Military Radars in the forecast period. Due to the increasing demand for military spending in various emerging countries, Antennas play an essential role in detecting and guiding weapons.

    Based on the platform, the market is bifurcated into land, naval, airborne, and space. The airborne segment is anticipated to register highest CAGR throughout the forecast period. Across the world, to detect fighter aircraft and helicopters, Airborne platforms have evolved to support multi-mission warfare machines capable of conducting various missions. Airborne is further sub-segmented into Manned aircraft radars, UAV radars, and Aerostats/balloons-based radars.

    Based on the application, the market is segmented as airspace monitoring & traffic management, maritime patrolling, search and rescue, air & missile defense, weapon guidance, ground surveillance & intruder detection, airborne mapping, navigation, mine detection & underground mapping, ground force protection & counter-mapping, weather monitoring, space situational awareness, and others. The airspace monitoring & traffic management segment accounts for the largest market share in 2021, attributed to high-adoption land, airborne, and naval platforms for surface-to-air warfare to engage with main battle tanks and other armored fighting vehicles.

    Based on the Waveform, the market is segmented as frequency modulated continuous wave (FMCW) and doppler. The FMCW accounts for the largest market share in 2021; the doppler is again segmented into Conventional Doppler and            Pulse-Doppler.

    Based on the dimension, the market is segmented into 2D radars, 3D radars, and 4D radars. The 3D radars segment accounts for the largest market share in 2021.

    Based on the services, the market is segmented as installation/integration, support and maintenance, and training and consulting. The installation/integration segment will account for the largest market share in 2021. 

    Based on the technology, the market is segmented as software-defined radar (SDR), quantum radar, and conventional radar. The software-defined radar segment account for the largest market share in 2021, attributed to the high adoption of new-generation air and missile defense systems.

    Based on the Band, the market is segmented as HF/UHF/VHF-band, l-band, s-band, c-band, x-band,  Ku-band, ka-band, multi-band. The HF/UHF/VHF-band segment will account for the largest market share in 2021.

    Based on the Range, the market is segmented as long-range, medium-range, short-range, very short-range, and very long-range. The medium-range segment will account for the largest market share in 2021.

    In terms of regions, North America is likely to maintain its supremacy in the Military Radars market throughout the forecast period.  Rapid modernization and technological advancements in various sectors have resulted in a high rate of Military Radars systems.

    Concurrently, Asia Pacific is expected to witness the fastest military radar market growth during the forecast period.  This Asia Pacific region's growth can be attributed to the increasing investments by China, India, and Japan in the defense industry. Globally, China’s defense budget stands second after the US. 

    Key Players

    There is stiff competition in the Military Radars market. The growth of the companies is directly dependent on the industry conditions and government support. These companies differentiate their Military Radars based on their quality and penetration in the target and emerging markets. Also, some major mergers and acquisitions in the industry recently have significantly influenced the competitive dynamics. For example:

    • In June 2020, Raytheon signed a contract worth USD$ 203 million from the US Airforce to provide maintenance services for F-15E aircraft’s active electronically scanned array radar.

    The overall competitive landscape has been affected due to these mergers and acquisitions. The following are the major players in the Military Radars market:

    • Israel Aerospace Industries (Israel)
    • Leonardo S.P.A. (Italy)
    • Northrop Grumman Corporation
    • Thales Group
    • Lockheed Martin Corporation

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Frequently Asked Questions (FAQs)

    The Military Radars market was estimated at US$ 14.3 Billion in 2021 and is expected to grow at a CAGR of 4.5% during 2022-2028 to reach US$ 19.1 Billion in 2028.

    The major players in the Military Radars market are Israel Aerospace Industries (Israel), Leonardo S.P.A. (Italy), Northrop Grumman Corporation, Thales Group, Lockheed Martin Corporation.

    North America is likely to maintain its supremacy in the Military Radars market throughout the forecast period.

    Asia Pacific is expected to witness the fastest military radar market growth during the forecast period.

    The Antenna is expected to remain the largest market for Military Radars in the forecast period.

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