This report provides a comprehensive analysis of the military radar market, including product types, leading applications, and major defense companies. It also includes information on the most recent industry developments and trends. This report details key factors that are driving or limiting the growth of global military radar markets. Market growth is influenced by many factors, both direct and indirect.
Military radars used
For different purposes, such as tracking enemy forces and airborne targets, military investments have been significant in radar technology. Radars are often used in combat aircraft or in bomber airplanes to locate enemy planes and other targets, fix and move aircraft, and navigate through airspace. As the world's aerial fleet continues to expand, so does the demand for airborne radars.
The primary function of radars is to detect targets. There are many factors that impact their effectiveness. First, radar systems must be capable of distinguishing between targets and background signals. Background noise can affect the detection range of a target and is caused by external and internal sources. The higher the signal-to-noise ratio, the better the radar system can distinguish the target from background noise.
Market share of military radars
Market forces for military radars include the growing need for surveillance, early warning, ground mapping and ground monitoring, as well increasing terrorist and conflict incidences around the globe. The high development costs of radar system systems will limit the market. Raytheon Technologies Corporation; Lockheed Martin Corporation; Thales Group; and Leonardo S.P.A., are the main players in this space.
North America is the largest market for military radars. Asia-Pacific follows. This market is growing due to rising defense spending in developing nations.
Market trends
The market trends report for military radar provides a detailed analysis of current market conditions. It also provides an extensive view of potential business opportunities in this market. The report also outlines the key drivers and challenges for the market. These include the demand for increased safety and security at borders as well as the advancement of electronic warfare. These trends are expected drive the market forward. However, the market is limited by high development costs.
The market for military radars can be split into different segments depending on their application and platform. The short-range segment is expected to dominate the market by 2020. Long-range radios are mostly used for maritime operations, and naval surveillance. The United States Army recently signed a contract for the purchase of a new radar system that will cost more than USD 89 million.
Market players
The global market for military radar is dominated by several players. The report provides detailed information about each manufacturer and their business strategies. This report provides insight into market deals and co-development. This information assists in making informed decisions regarding revenue streams and business opportunities. The report also provides insight into the market's key issues.
China is one of the most important markets for marine radar. Its maritime industry makes up a large percentage of the country’s economy. The demand for these products will grow over the next few years. The country is also working towards economic growth. There have been successive increases in both exports as well as industrial production. Consumer demand will also fuel the country's market expansion.
Regional outlook for military radars
The increased defense spending of governments is one factor that has fueled the global market for military radar. This includes spending on operations, maintenance, weapons, armored vehicles, and military research and development. According to The Stockholm International Peace Research Institute, the global military expenditures reached $1917 trillion in 2019. China's increase in military spending was 7.1% and India 6.8% respectively. Accordingly, the market for military radar is expected to expand at a rapid pace over the next few years.
The Military Radars market has four segments: Ground Surveillance and Intruder Detection, Air And Missile Defense, Navigation, and Space. The most important applications of these systems are airborne mapping, ground force protection, and missile defense. At a 3.9% CAGR the global market in military radars should reach USD 19220 million by 2028.