How big is the Military Radars Market?

The Military Radars Market size is expected to reach USD 16.71 billion in 2024 and grow at a CAGR of 5.15% to reach USD 21.47 billion by 2029. Read More

What is the current Military Radars Market size?

In 2024, the Military Radars Market size is expected to reach USD 16.71 billion. Read More

Who are the key players in Military Radars Market?

Lockheed Martin Corporation, Northrop Grumman Corporation, Leonardo S.p.A., RTX Corporation and Israel Aerospace Industries Ltd. are the major companies operating in the Military Radars Market. Read More

Which is the fastest growing region in Military Radars Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Military Radars Market?

In 2024, the North America accounts for the largest market share in Military Radars Market. Read More

What years does this Military Radars Market cover, and what was the market size in 2023?

In 2023, the Military Radars Market size was estimated at USD 15.85 billion. The report covers the Military Radars Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Military Radars Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Military Radars Market Report | Industry Analysis, Size & Forecast Overview

Military Radar Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Military Radar Systems Market Report is Segmented by Platform (Ground-Based, Naval, Airborne, and Space), Application (Air and Missile Defense, Intelligence, Surveillance, and Reconnaissance (ISR), Navigation and Weapon Guidance, Space Situational Awareness, and Other Applications), Component (Antennas, Transmitters, Receivers, Power Amplifiers, Duplexers, Digital Signal Processors, Stabilization Systems, and Graphic User Interfaces), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Military Radars Industry Overview

The military radars systems market is consolidated and marked by many prominent players competing for a larger market share. Lockheed Martin Corporation, Northrop Grumman Corporation, Israel Aerospace Industries Ltd, Leonardo SpA, and RTX Corporation are some of the major players in the market.

The stringent safety and regulatory policies in the defense segment are expected to restrict the entry of new players. With the growing implementation of stealth technologies in adversary aerial platforms and weapons, market players are focusing on developing sophisticated radar systems that can effectively detect targets with lower radar cross-sections.

Also, players are investing in developing newer generation radars, like the active electronically scanned array (AESA) radar, passive radar, 3D radar, dual-band radar, etc., which offer several advantages compared to their conventional counterparts. With the growing focus on indigenization, several countries are investing in developing radar systems locally, which is expected to make the market more competitive during the forecast period.