ID: MRFR/A&D/0904-HCR | February 2021 | Region: Global | 103 pages
A military radar system is a detection system that utilizes radio waves to determine the angle, range, or velocity of objects. Radars play a very critical role in the military as they assist in detecting missiles, vehicles, and aircraft. Increasing procurement of air defense systems and radar due to increasing regional instability is driving the growth of the market. Furthermore, developments in solid-state electronics and replacement of obsolete systems are also a few factors that are propelling the military radar systems market. Additionally, the growing adoption of radar by the US Navy to enhance its surveillance capabilities is also boosting the market growth. For example, in July 2019, the US Navy signed a five-year contract with Raytheon Company amounting USD 87.8 million to provide support for ROTHR over-the-horizon surveillance radar system. However, the high cost of development and new radar jamming techniques might hamper the growth of the market.
Segmentation of the Global Military Radar Systems Market
Based on type, the military radar systems market has been segmented into surveillance & airborne early warning radar, tracking & fire control radar, multi-function radar, synthetic aperture & moving target indicator radar, ground-penetrating radar, weather radar, and weapon locating radar & C-RAM. Surveillance and airborne early warning radar segment dominated the market in 2018 and is expected to grow at the highest CAGR during the forecast period. Surveillance and airborne early warning radar assist in offering enhanced surveillance capabilities by detecting ships, aircraft, and vehicles at long ranges. Hence, the segment is expected to propel during the forecast period. On the bases of the platform, the market has been divided into airborne, land, naval, and space-based. The land segment dominated the market in 2018. However, the airborne segment is expected to grow at the highest CAGR from 2019 to 2025. The growing adoption of military unmanned aerial vehicles (UAVs) is driving the growth of the segment. Based on range, the market has been categorized as long, medium, short, and very short. The long-range radar segment dominated the market in 2018 and is expected to grow at the highest CAGR during the forecast period—the increasing threat from ballistic missiles across the globe fueling the demand for long-range military radar systems. The global military radar systems based on dimension have been classified as 2D, 3D, and 4D. The 3D radar systems segment dominated the market in 2018. However, the 4D radar systems segment is expected to grow at the highest CAGR during the forecast period. 4D military radar systems offer high-definition images of the targets that enable army personnel to experience enhanced target and surveillance capabilities. Based on application, the market has been segregated into weapon guidance, airspace monitoring & traffic management, ground surveillance & intruder detection, air & missile defense, navigation, airborne mapping, ground force protection & counter-battery, weather monitoring, and mine detection & underground mapping. The air & missile defense segment accounted for the largest market share in 2018 and is expected to grow at the highest CAGR from 2019 to 2025 — increased adoption of air & missile defense radars in various naval and land-based anti-ballistic missile defense systems. By frequency band, the market is segmented into the market has been ranked as VHF/UHF, L, S, C, X, and Ku/Ka/K bands. The X band segment dominated the market in 2018 and is expected to grow at the highest CAGR during the forecast period. The growing usage of synthetic aperture radars in land, naval, and airborne systems has increased the demand for X band frequency radars. Based on component, the market has been segmented into a transmitter, antenna, duplexer, receiver, display, stabilization system, and digital signal processor. The digital signal processor accounted for the largest market share in 2018 and is expected to witness the highest growth during the forecast period. Digital signal processors assist in storing digital signals on magnetic tapes without the loss of quality. Hence, the segment is expected to propel during the forecast period. Based on the region, the market has been categorized as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America is estimated to acquire the most significant market share in 2018. However, Asia-Pacific is expected to grow at the highest CAGR during the forecast period from 2019 to 2028. Factors such as increasing defense expenditure by developing economies such as China and India, increasing procurement of military equipment and rising territorial conflicts are driving the market growth in the region.
Military radar systems providers
The key players in the global military radar systems market are Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), BAE Systems PLC (UK), L3Harris Technologies, Inc. (US), Thales Group (France), Israel Aerospace Industries (Israel), Raytheon Company (US), Leonardo SpA (Italy), SAAB AB (Sweden), ASELSAN AŞ (Turkey), HENSOLDT (Germany), and TERMA (Denmark).
The market values and forecasts are derived using MRFR research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.
In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.
In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the
market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.
Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments
Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America, along with key countries in each region
Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis
Technology Trends, Regulatory Landscape, and Patent Analysis Outlook
Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions
Regional attractiveness and related growth opportunities
MRFR offers report customization to valued customers. Below are the options available for customization:
In-depth profiling of additional market players (3 to 4 companies)
Detailed analysis of a country-level market and related segments as per the report scope
Frequently Asked Questions (FAQ) :
The market is forecasted to witness a superlative CAGR growth by 2025.
SAAB AB (Sweden), Israel Aerospace Industries (Israel), Raytheon Company (U.S.), Leonardo SpA (Italy) are the top companies operating in the market.
The market is estimated to report a promising income level by 2025.
The path-breaking innovations in the developments in solid-state electronics are promoting the global market.
The region of North America is well placed to achieve the top position in the coming years.