Market Research Future (MRFR) has published a cooked research report on the “global Military Airborne Radar market” that contains the information from 2019 to 2032.
The global Military Airborne Radar market is estimated to register a CAGR of 6.2% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Military Airborne Radar market— Lockheed Martin Corporation, Thales S.A., Northrop Grumman Corporation, Israel Aerospace Industries Ltd., RTX Corporation, Elbit Systems Ltd., L3Harris Technologies, Inc., Leonardo, Saab, Bharat Electronics Limited (BEL) and others.
Market Highlights
The global Military Airborne Radar market is accounted for to register a CAGR of 6.2% during the forecast period and is estimated to reach USD 2,242.7 million by 2032.
The Military Airborne Radar Market refers to the market for radar systems designed for use on aircraft and other airborne platforms such as drones and helicopters. These systems play a critical role in military operations by providing situational awareness, threat detection, and targeting capabilities. The market includes radars for various applications, including air-to-air combat, ground surveillance, maritime surveillance, and electronic warfare. Key market drivers include advancements in radar technology, increasing defense spending, and the growing demand for improved situational awareness in military operations.
The military airborne radar market is reflecting growth due to the rising defense spending, increasing geopolitical tensions and conflicts and proliferation of advanced aerial platform. However, the high cost of development and production, stringent regulatory environment and limited availability of raw material hampering the market growth. Nevertheless, modernization and upgradation of existing systems, technological advancement and increasing demand for unmanned aerial vehicles offer an opportunity for market expansion during the forecast period.
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Segment Analysis
The global Military Airborne Radar market has been segmented based on type, component, range, Application, and Aircraft Type.
Based on type, the global Military Airborne Radar market segmentation includes Surveillance Early Warning Radar, Airborne Warning and Control System (AEACS), Missile Warning Radars, Targeting and Reconnaissance Radars, Fire Control Radars (FCR), Navigational Radars, Weather Radars, and Others. This segment is significantly dominated by Airborne Warning and Control System (AEACS) in the year 2023 and expected to grow with the CAGR of 7.7%.
Based on the component, the global Military Airborne Radar market segmentation is Antenna, Transmitter, Receiver, Power Amplifier. In the year 2023, antenna accounted for the largest market share in this segment.
Based on the range, the global Military Airborne Radar market segmentation is Short Range, Medium Range, Long Range. In this segment long range had the largest market share in 2023 contributing 47.2% of the total market revenue.
Based on the application, the global Military Airborne Radar market is segmented into Manned Aircraft {Fixed Wing, Rotary Wing}, Unmanned Aircraft System (UAS){Male, Hale, Tactical}. This segment is prominently dominated by manned aircraft having revenue of USD 10034.1 million.
Regional Analysis
By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East and Africa and South & Central America. The military airborne radar market’s expansion in Europe is owing to an increase in military spending across the region. Further, for a few European countries, the ongoing war between Russia and Ukraine has caused a shift in security priorities. As members of the NATO alliance, European countries have shown harmony with Ukraine and extended assistance for NATO's eastern flank. This includes increasing spending in the defense sector to meet NATO commitments and enhance collective defense capabilities. The conflict has led to increased commitment among European nations in defense cooperation and cooperative capabilities development. This includes combined procurement projects, information sharing, and improved interoperability, which may require additional defense funding.
Key Findings of the Study
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The global Military Airborne Radar market is expected to reach USD 3,786.4 million by 2032, at a CAGR of 6.2% during the forecast period.
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The Asia-Pacific region accounted for the fastest-growing global market.
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Lockheed Martin Corporation, Thales S.A., Northrop Grumman Corporation, Israel Aerospace Industries Ltd., RTX Corporation, Elbit Systems Ltd., L3Harris Technologies, Inc., Leonardo, Saab, Bharat Electronics Limited (BEL), among other are the key market players.
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Report details
| Companies Covered | 15 |
| Pages | 257 |
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