Market Definition:
Military radars are electronic systems that use radio waves to detect, track, identify, and monitor aircraft, missiles, ships, vehicles, and personnel. They are essential for situational awareness, surveillance, targeting, and navigation in military operations.
Military radars serve as critical components in defense systems, providing advanced capabilities in surveillance, target tracking, weapon guidance, air defense, and maritime security. With an increasing need for robust situational awareness and threat detection, militaries worldwide are investing significantly in radar systems that can operate across all domains—air, land, sea, and space.
Military Radars Market Size was valued at USD 16.74 billion in 2023, which is estimated to be valued at USD 17.67 billion in 2024 and reach USD 26.86 billion by 2031, growing at a CAGR of 6.17% from 2024 to 2031.
Uncover Critical Market Trends @ https://www.kingsresearch.com/military-radars-market-1800
List of Key Companies in Military Radars Market:
- RTX
- Leonardo S.p.A.
- Thales
- IAI
- Lockheed Martin Corporation.
- BAE Systems
- Hanwha Systems Co., Ltd.
- Hensoldt AG
- Honeywell International Inc.
- L3Harris Technologies, Inc.
- Northrop Grumman.
- Saab AB
- Tata Advanced Systems Limited
- Bharat Electronics Limited (BEL)
- Indratis S.A.
Strategic Developments:
In 2024, Northrop Grumman received a $1.3 billion contract from the U.S. Department of Defense to deliver advanced AESA radars for the F-35 Lightning II fighter aircraft.
Leonardo announced a major radar export contract to equip a Southeast Asian nation with multi-domain radars for coastal and air defense.
Saab introduced its next-generation Giraffe 1X radar with improved counter-UAS capabilities.
Key Market Drivers:
Rising Defense Expenditure: Global defense spending reached a record high in 2024, with major economies such as the United States, China, India, Russia, and European nations increasing their defense budgets. A significant portion of these budgets is allocated to radar and sensor systems, driven by the demand for modern warfare capabilities.
Geopolitical Instability and Territorial Conflicts: The resurgence of interstate tensions, such as in Eastern Europe, the South China Sea, and the Middle East, has led to increased procurement of radar-based defense systems to ensure national security, early threat detection, and airspace control.
Regional Insights:
North America: North America, led by the United States, holds the largest share of the military radars market. With extensive defense modernization programs, strong defense contractor presence (e.g., Lockheed Martin, Northrop Grumman, Raytheon Technologies), and continuous innovation in radar technology, the region is expected to remain dominant throughout the forecast period.
Europe: European countries are investing in collaborative defense projects such as the European Defence Fund (EDF) and PESCO. The region is focusing on cross-border interoperability and advanced radar solutions to safeguard its eastern and southern borders amid rising geopolitical uncertainty.
Asia-Pacific: Asia-Pacific is projected to be the fastest-growing region, with key growth markets including China, India, Japan, and South Korea. Rising military expenditure, border disputes, and indigenous defense manufacturing initiatives are key drivers. China’s PLA continues to field advanced radar systems capable of tracking stealth aircraft and hypersonic threats.
Outlook and Future Opportunities:
The outlook for the military radars market remains robust, with several transformative opportunities ahead:
Space-Based Radars for ISR and Missile Defense: Satellites equipped with radar sensors will play a key role in future defense architecture.
Integration with C4ISR Systems: Seamless integration of radar data into command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) networks will enhance strategic decision-making.
Related Reports and Latest Industry Development News:
Soar Inks Consulting contract with OPERA Solutions Inc.
