Global Early-Warning Radar Market Overview
Early-Warning Radar Market Size Is Anticipated to Reach at a 101.88 Billion By 2030 and grow at a CAGR of 7.9%.by 2020 -2030
Early-warning radars are primarily available in different types of configurations such as air-interception radars, bombing radars, and navigation radars. These radars operate on short, medium, and long ranges in 2D, 3D, and 4D. Primary applications of early-warning radars include attack, defense, surveillance, and collision avoidance, and they are used mainly in navy, air force, and army applications by military forces.
The global early-warning radar market is growing at a rapid rate due to the increasing defense expenditures of developing countries, advancements in solid-state electronics, and the replacement of obsolete systems. However, the high cost of development and operation of radars and the availability of radar jamming techniques are some factors that are expected to hamper the growth of the global market during the forecast period.
Moreover, the rising number of territorial disputes, terrorist attacks, and security issues globally has resulted in increased spending by governments on the development of solid-state electronic systems and the replacement of obsolete systems. Thus, the governments of countries such as the US, China, India, France, Brazil, Iran, and Israel are planning on implementing advanced systems to tackle the increasingly complicated combat operations. Furthermore, authorities in these countries are conducting extensive research to develop advanced technologies and have extensively invested in military modernization programs. These factors are also expected to boost the growth of the market.North America accounted for a 41.57% share of the global early-warning radar market in 2019, followed by Europe. Asia-Pacific accounted for the third-largest market share in 2019. Asia-Pacific is projected to be the fastest-growing market for early-warning radars during the review period.
Market Synopsis
The global early-warning radar market has been segmented based on type, range, dimension, application, end use, and region. By type, the segments of the market are air-interception radars, bombing radars, navigation radars, and others. By range, the market is classified into short-range, medium-range, and long-range. Based on dimension, the market is segmented into 2D, 3D, and 4D. By application, the market is classified into attack, defense, surveillance, collision avoidance, and others. By end use, the market is segmented into navy, army, and air force. By region, the market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.
Air-interception radars are airborne radars that are used to search, track, and provide an aiming solution for the launch of missiles and/or firing bullets on enemy aircraft. Tracking & fire control radars continuously follow a single target to determine its path or trajectory and to predict its future position. The Air-interception radars provide target location almost continuously at a rate of around ten times per second. These radars are also referred to as fire-control radars that are a part of radar-based fire-control and weapons guidance systems.Â
Regional Analysis
Global Early-Warning Radar Market has been segmented, by region, into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.
North America accounted for the largest market share in 2019. It is expected to be the largest market for early-warning radars during the forecast period. Asia-Pacific is expected to be the fastest-growing market for early-warning radars during the review period owing to the increasing product demand from military forces and homeland security agencies. There have been numerous territorial disputes along the India-Pakistan and India-China borders, as well as in the Indian Ocean, the Himalayas, and the South China Sea. This has led the militaries of these countries and neighboring countries to adopt early-warning radars to counter the rise in cross-border activities. Manufacturers are also focused on developing early-warning radars with advanced technologies to boost combat capabilities. Therefore, the early-warning radar market in Asia-Pacific is expected to register a CAGR of 8.01% during the forecast period.
Companies Covered
The Key Players in the Global Early-Warning Radar Market are Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), Leonardo SpA (Italy), Northrop Grumman Corporation (US), Saab AB (Sweden), Boeing (US), BAE Systems (UK), Thales Group (France), Israel Aerospace Industries Ltd (Israel), and HENSOLDT (Germany).
Recent Development
Raytheon Technologies (US): No recent specific news available, but Raytheon is a major player with advanced early-warning radar systems like the AN/SPY-6
Lockheed Martin (US): Similar to Raytheon, recent news might be limited, but Lockheed Martin offers the Long Range Discrimination Radar (LRDR) with early-warning capabilities
Thales Group (France): Thales recently secured a contract to deliver the Ground Master 400 air defense radar to an undisclosed European country. This radar boasts long-range detection and electronic countermeasure features
SAAB (Sweden): Saab continues to develop its Giraffe family of radars, known for their modular design and 3D air defence capability
Market Segmentation
- By Type: Air-Interception Radars, Bombing Radars, Navigation Radars, and Others
- By Range: Short Range, Medium Range, and Long Range
- By Dimension: 2D, 3D, and 4D
- By Application: Attack, Defense, Surveillance, Collision Avoidance, and Others
- By End Use: Navy, Army, and Air Force
- By Region: North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Key Questions Addressed by the Report
- What was the historic market size (2019)?
- Which segmentation (Type/Range/Dimension/Application/End Use) is driving market growth?
- What will be the growth rate from 2020 to 2030?
- Who are the key players in this market?
- What are the strategies adopted by the key players?
Report Attribute/Metric
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Details
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Market Size
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101.88 Billion
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CAGR
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7.9% (2020-2030)
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Base Year
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2019
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Forecast Period
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2030
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Historical Data
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2019
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Forecast Units
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Value (USD Million)
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Report Coverage
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Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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Segments Covered
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Type, Range, Dimension, Application, End Use
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Geographies Covered
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North America, Europe, Asia-Pacific, and Rest of the World (RoW)
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Key Vendors
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Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), Leonardo SpA (Italy), Northrop Grumman Corporation (US), Saab AB (Sweden), Boeing (US), BAE Systems (UK), Thales Group (France), Israel Aerospace Industries Ltd (Israel), and HENSOLDT (Germany).
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Key Market Opportunities
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New product launches and R&D Amongst major key Players
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Key Market Drivers
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the increasing product demand from military forces and homeland security agencies.
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Early Warning Radar Market Highlights:
Frequently Asked Questions (FAQ) :
Early-Warning Radar Market Grow at a CAGR 7.9% by 2020-2030
Northrop Grumman Corporation, Leonardo SpA, Israel Aerospace Industries Ltd, Saab AB, Raytheon Technologies Corporation are the prime vendors of the market.
The critical factor raising the shares of the Global Early-Warning Radar Market is escalating defense expenditures of developing countries, advancements in solid-state electronics, and the replacement of obsolete systems.
North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America are the regions mentioned in the expanded polypropylene market.