The current Military Radar Systems Market is projected to anticipate USD 27.3 billion at a CAGR 7.20% during the assessment period. A military radar system is a detection system that determines the objects' velocity, angle, or range by utilizing radio waves. In military settings, radars play an important role in assisting in vehicles, detecting missiles and aircraft.
In the global market, the surveillance and airborne early warning radar provides enhanced surveillance capabilities by detecting vehicles, ships, and aircraft at long ranges. In addition, the land segment is driving the growth of the global market because of the increasing adoption of military unmanned aerial vehicles (UAVs). Apart from that, the long-range radar segment is projected to lead the Military Radar Systems Market because of the increasing threat from ballistic missiles in various parts of the world. Moreover, the army personnel are experiencing the surveillance capabilities and enhanced target with the high-definition images of the targets with the help of 4D military radar systems. For instance, the air & missile defense segment demand is growing because of the high adoption of air & missile defense radars in different land-based and naval-based anti-ballistic missile defense systems.
The demand for X band frequency radars is increasing during the forecast period because of the increasing usage of synthetic aperture radars in airborne systems, land, and naval systems. Additionally, the digital signal processors are projected to propel the Market demand during the analysis timeframe. They assist without the loss of quality while storing digital signals on magnetic tapes. Moreover, the Market is boosting market growth because the US Navy is increasing the adoption of radar to enhance its surveillance capabilities.
COVID-19 Impact Analysis
When almost all marketing sectors were affected by loss due to the global COVID-19 pandemic, the Military Radar Systems Market demand did not negatively impact. This is because the US DoD continues to accelerate payments and purchase products regularly to help large and small businesses.
However, the lack of workforce and production level, delay in programs, and increase in cost have negatively affected the global market growth.
The worldwide Military Radar Systems Market is driving its growth due to the increasing regional instability with the growing procurement of radar and air defense systems. In addition, the replacement of obsolete systems is another growth driving factor in the global market.
Recently, the Indian Armed forces have been focusing on the Aerostat radar system that can rise to an altitude of 4,600 m or 15,000 feet. Thus, it is driving the global market growth in the further coming years.
The increasing developments in solid-state electronics are fueling the market share and bringing significant opportunities for the key players in the forecast period.
Further, the technological advancements in military radar systems are developing lucrative opportunities for the manufacturers and key players of the Military Radar Systems Market.
Although the Market has lucrative growth opportunities, the high cost of development can hamper the growth of the worldwide market.
Moreover, the size might get hindered due to the new radar jamming techniques present in the global market.
The worldwide Market might experience major challenges due to the data processing algorithms development that can differentiate the moving targets from the background objects.
In addition, another big challenge to the military radar systems is the introduction of stealth technology.
Cumulative Growth Analysis
The Market is estimated to account for the significant market value and market share in the upcoming years.
For instance, all the market segmentation and regional developments fuel the global market's cumulative growth.
The Market has been segregated into short, long, and medium, depending on the range segment.
In 2018, the long-range radar segment was projected to lead the global market and further expand the Market size at the highest CAGR in the assessment period.
The Market has been segmented into Ku/Ka/K bands, VHF/UHF, S-band, L, C, and X based on the frequency band segment.
In 2018, the X band segment was projected to dominate the global market and is further estimated to expand the Market share by registering the highest CAGR for the analysis period.
Based on type segment, the Military Radar Systems Market has been classified into track & fire control radar, surveillance & airborne early warning radar, weapon locating radar & C-RAM, synthetic aperture & moving target indicator multi-function, weather radar, and ground-penetrating radar.
In 2018, the surveillance and airborne early warning radar segment were projected to dominate the Market. Further, the same segment is estimated to expand the Market size by generating the highest CAGR in the research timeframe.
The Military Radar Systems Market has been segmented into space-based, airborne, naval, and land in the platform segment.
In 2018, the land segment was anticipated to dominate the Market. Further, the airborne segment is estimated to acquire the higher Military Radar Systems Market size, creating the highest CAGR during the forecast period of 2025.
The Military Radar Systems Market has been categorized into4D,2D and 3D based on the dimension segment.
In 2018, the 3D radar systems segment was expected to dominate the global market. Further, the 4D radar systems segment is projected to generate the highest CAGR during the analysis timeframe.
Om the basis of application segment, the Military Radar Systems Market has been classified into airspace monitoring & traffic management, weapon guidance, air & missile defense, airborne mapping, navigation, weather monitoring, ground force protection & counter-battery, and mine detection & underground mapping.
In 2018, the air & missile defense segment was registered to generate the largest Military Radar Systems Market share and is projected to expand the market at the highest CAGR during the forecast period of 2025.
The Market has been categorized into receiver, transmitter, duplexer, antenna, stabilization system, display, and digital signal processor based on the component segment.
In 2018, the digital signal processor was accounted to generate the largest Military Radar Systems Market share and anticipated witnessing the highest growth in the research timeframe.
As per the Market research, the present market has been segmented as Asia-Pacific, North America, Europe, Latin America, and Middle East & Africa.
In 2018, the North American regional market accounted for the significant Market share. However, the regional market of Asia-Pacific is projected to expand the highest CAGR in the assessment timeframe of 2028. This region is driving the market growth due to various factors like increasing territorial conflicts, rising procurement of military equipment, and growing defense expenditure by developing economies of the countries like India and China.
Competitive Landscape Analysis
The present Military Radar Systems Market research report has highlighted many key leaders present in the market, enhancing market growth. These includes:
These market players apply various promotional activities, advanced technologies, and increasing investment in research and development to propel the Military Radar Systems Market demand.
As per the Military Radar Systems Market research, this report has involved qualitative and quantitative research methodology in getting insight into the global market.
Further, the Market research report explains the market segments, regional analysis, market dynamics, overview, competitive analysis, recent developments, and covid-19 analysis.
By Frequency Band
The market is forecasted to witness a superlative CAGR growth by 2030.
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.