The global market for Military Radars is forecast to reach US$16.8 billion by 2024, driven by the increasing use of information technology (IT) in military operations and the resulting expansion of the role of radars in enabling battlespace awareness. Three of the major application areas of military radars poised to witness strong growth include surveillance/ battlefield reconnaissance; automatic enemy target recognition; and tracking systems. Growing volume of electronic warfare equipment and the resulting decline in the number of critical nodes manned by humans bode well for the growing importance of radars. Radar guidance will become indispensable to enable long–range surface-to-air and air-to-air guided weapons to launch more accurate, lethal and more dispersed attacks. Opportunities for growth in the market will be catalyzed by the development of new generation radars built to be more robust, rugged and resistant to electronic countermeasures such as anti-radar materials and deceptive decoys in addition to being highly accurate and precise. Increasing deployment of UAVs to perform reconnaissance tasks such as penetrating hostile air bases, observe ground activity in enemy territory, capture high-quality images of enemy military bases and terrain for human interpretation, is also expected to drive demand for radars. The United States represents the largest market worldwide. Asia-Pacific is poised to emerge as the fastest growing market with a CAGR of 4.2% over the analysis period led by growing economies; rising border tensions along the South China Sea as China continues its aggression against its neighbors North Korea, South Korea, and Japan; and increased spending on building military strength and the resulting arsenal expansion including radar warfare systems and technologies.  

Company and Industry News & Stories
  • Indra and Lockheed Martin Sign an Agreement for Providing State-of-the-Art AESA Radar for Anti-Air Warfare Platforms
  • Norautron Inks Framework Agreement with Saab for Sourcing and Manufacturing of Saab’s Core Technology
  • Hensoldt Acquires Kelvin Hughes in a Bid to Enter More Price Sensitive Markets
  • Raytheon and Lockheed Collaborate with Japanese Partners to Enhance Japan’s Shield Against North Korean Missile Strike
  • Raytheon Bags a Contract for Developing 3DELRR System

Outlook in Key Market Segments
  • Naval Military Radar Platform represents the largest market supported by growing shift towards multifunctional radar systems.
  • Land Military Radar Platform ranks the fastest growing market driven by changing value of land in disputed territories.

Product Definition & Scope
  • Defined as an object detection technology that utilizes radio waves, radars represent an indispensable military technology that plays a vital role in ensuring the success of national and international security operations.

Timeline for Analysis
  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

Geographic Markets Analyzed
  • US, Canada, Europe (Germany, UK, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea and Rest of Asia-Pacific), Middle East & Africa (Algeria, Saudi Arabia, UAE, and Rest of Middle East & Africa), and Latin America (Brazil, Chile and Rest of Latin America)

Market Segmentation & Classification
  • Platforms:
    • Land, Air, Naval, and Space

Major Players
  • Applied Radar, Inc.
  • BAE Systems plc
  • FLIR Systems, Inc.
  • Harris Corporation
  • Honeywell International, Inc.
  • Indra Sistemas, S.A.

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