Radar Warning Receiver Market Summary
As per Market Research Future Analysis, the Radar Warning Receiver (RWR) market was valued at USD 7.3 billion in 2024 and is projected to reach USD 11.2 billion by 2032, growing at a CAGR of 5.60% from 2024 to 2032. RWR systems are crucial for detecting radar threats across various platforms, including airborne, ground-based, and sea-based vehicles. The market is segmented by aircraft type, fit, component, and region, with the retro-fit segment expected to lead due to increased retrofitting of aircraft. Key drivers include the deployment of electronic warfare capabilities and rising procurement of electronic warfare systems amid global instability. However, challenges include the limitations of existing systems in addressing multiple threats. Opportunities lie in upgrading aging fleets and developing advanced RWR systems. North America currently dominates the market, driven by military and commercial applications, while Asia-Pacific is anticipated to be the fastest-growing region.
Key Market Trends & Highlights
The Radar Warning Receiver market is witnessing significant growth driven by technological advancements and increasing defense expenditures.
- Market Size in 2024: USD 7.3 billion; Projected Size by 2032: USD 11.2 billion.
- CAGR during 2024-2032: 5.60%; Retro-fit segment expected to lead market growth.
- North America dominated the market in 2017; Asia-Pacific expected to be the fastest-growing region.
- Key drivers include deployment of electronic warfare capabilities and rising procurement due to global instability.
Market Size & Forecast
2024 Market Size | USD 7.3 billion |
2032 Market Size | USD 11.2 billion |
CAGR | 5.60% |
Major Players
ASELSAN A.Ş. (Turkey), BAE Systems (UK), Bharat Electronics Limited (India), Indra (Spain), Israel Aerospace Industries Ltd. (Israel), Leonardo S.p.A (Italy), Lockheed Martin Corporation (US), Raytheon Company (US), Saab AB (Sweden), Thales Group (France)