CHICAGO, July 2, 2024 /PRNewswire/ --
The Military Radar Market is valued at
USD 14.1 billion in 2024 and is
projected to reach USD 18.4 billion
by 2029, at a CAGR of 5.4% from 2024 to 2029 according to a new
report by MarketsandMarkets™. The military radar market
involves the design, manufacture, and implementation of radar
systems tailored for defense and military use. These systems are
employed by military forces and defense agencies to improve
situational awareness, and capabilities in target detection,
tracking, surveillance, and reconnaissance. A key driver of this
market is the increasing need for advanced defense mechanisms amid
rising global security threats, which necessitates continual
upgrades to radar technologies to ensure robust national and
international security.
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Browse in-depth TOC on "Military Radar
Market"
120 – Tables
90 – Figures
350 – Pages
Military Radar Market Report Scope:
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$ 14.1 billion
|
Estimated Value by
2029
|
$ 18.4 billion
|
Growth Rate
|
Poised to grow at a
CAGR of 5.4%
|
Market Size Available
for
|
2020–2029
|
Forecast
Period
|
2024–2029
|
Forecast
Units
|
Value (USD
Million/Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
By Platform, Product
Type, Frequency Band, Dimension and Region
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, and Rest of World
|
Key Market
Challenge
|
Vulnerability of radars
to new jamming techniques
|
Key Market
Opportunities
|
Increased Compact
Radars for Anti-drones application
|
Key Market
Drivers
|
Rise in Advanced
Electronic Warfare and Network-Based Combat Operations
|
Based on the platform, the airborne segment is estimated to grow at
the highest CAGR during the forecast period.
Based on the platform, the airborne segment is estimated to lead
the military radar market from 2024 to 2029 with the highest
CAGR. This growth is primarily driven by the expanding use of
Unmanned Aerial Vehicles (UAVs) in both military and
commercial sectors. UAVs demand compact, efficient, and lightweight
radar systems for various applications including surveillance,
reconnaissance, border patrol, search and rescue, and commercial
traffic monitoring.
Technological advancements are also contributing to this trend,
with ongoing developments in radar miniaturization, reduced power
consumption, and improved image resolution to enhance UAV
capabilities. Additionally, global military modernization efforts
are integrating more UAVs equipped with advanced radars, further
stimulating this growth.
Based on the technology, the quantum radar segment is
estimated to grow at the highest CAGR during the forecast
period.
Based on the technology, the quantum radar segment is estimated
to lead the military radar market from 2024 to 2029 with the
highest CAGR. This expected growth is primarily due to quantum
radar's capability to significantly enhance detection accuracy by
utilizing quantum entanglement properties, which enables it to
identify objects that conventional radars may overlook. This
technology is particularly effective in environments affected by
high levels of noise or equipped with stealth capabilities designed
to evade traditional detection methods. The increasing
prioritization of national defense and security is further driving
investment in advanced radar technologies, including quantum
radars. As countries modernize their military assets to address
evolving security threats, quantum radar will emerge as a key
component in these upgrades, with improved effectiveness in
surveillance and reconnaissance operations.
Based on range, the short-range segment is estimated to grow
with the highest CAGR during the forecast period.
Based on range, the short-range segment is estimated to grow
with the highest CAGR during the forecast period due to several key
factors. This growth is driven by the increasing demand for radars
that can operate effectively over shorter distances, which are
essential for applications such as automotive safety systems, drone
navigation, and perimeter security. These systems are valued for
their ability to provide rapid response and high-resolution imaging
in close proximity environments.
The rise in the adoption of advanced driver-assistance systems
(ADAS) and autonomous vehicles heavily contributes to this trend,
as short-range radars are integral for functions like collision
avoidance, parking assistance, and pedestrian detection.
Additionally, the expanding use of drones for commercial and
defense applications enhances the demand for short-range radar
capabilities to navigate in complex and cluttered environments.
Based on dimension, the 4D segment is to grow with the
highest CAGR in Military Radar market.
The 4D segment in the military radar market is seeing the
highest CAGR due to several factors. These radars provide
comprehensive situational awareness by tracking objects in three
spatial dimensions plus time, crucial for early threat detection
and effective decision-making in combat scenarios. Their ability to
distinguish between object types reduces false alarms, while
superior clutter rejection capabilities improve target tracking in
complex environments. The push for modernization, coupled with
advancements in computing, signal processing, and antenna design,
is making 4D radars both effective and cost-efficient, leading to
their rapid adoption and market growth.
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Based on regions, Europe is
to grow with the highest CAGR in the Military Radar market.
Based on region the Europe
market is estimated to account for highest CAGR during the forecast
period. Many European militaries are prioritizing the modernization
of their aging radar systems with next-generation technologies that
offer better range, accuracy, and counter-threat capabilities.
European defense companies are advancing radar technology,
including Active Electronically Scanned Array (AESA) radars for
improved target tracking and Gallium Nitride (GaN) based radars for
enhanced efficiency and range. Additionally, the growing threat
from drones is boosting demand for specialized radars for detecting
low-altitude targets, potentially leading to sustained increases in
defense budgets across Europe,
thereby driving significant growth in the military radar
industry from 2024 to 2029.
Key Players
The military radar companies is dominated by a few globally
established players such as RTX Corporation (US), Thales
(France), Lockheed Martin
Corporation (US), Leonardo S.P.A (Italy), and Israel Aerospace Industries
(Israel).
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