PUBLISHER: Market Research Future | PRODUCT CODE: 1637040
PUBLISHER: Market Research Future | PRODUCT CODE: 1637040
Global Military Airborne Radar Market Research Report Information by Type (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), By Aircraft Type (Fighter Aircraft, Attack Aircraft, Maritime Patrol Aircraft, Transport Aircraft, and Others) By Component (Antenna, Transmitter, Receiver, Power Amplifier) By Range (Short Range, Medium Range, and Long Range) By Application (Manned Aircraft {Fixed Wing, Rotary Wing}, Unmanned Aircraft System (UAS){Male, Hale, Tactical}) and By Region (North America, Europe, Asia-Pacific, Middle East and Africa, South & Central America) Forecast Till 2032
In 2023, the military airborne radar market was estimated to be worth USD 13192.2 million. Over the course of the forecast period, the military airborne radar market is anticipated to rise at a compound annual growth rate (CAGR) of 6.99%.
Global military equipment and legacy system modernization initiatives are opening up new business opportunities. One of the main factors influencing the present military airborne radar industry is the modernization and updating of existing systems. The need for sophisticated radar systems has increased as defense forces throughout the world aim to improve their operating capabilities and preserve dominance in ever complicated settings. This demand is driven by a number of important causes.
Innovations in technology are essential. Significant gains in detecting accuracy, range, and reliability have been made possible by the rapid space radar technology progress. Military aircraft can identify and track threats with unparalleled precision thanks to modern radar systems that combine cutting-edge signal processing, multi-band operation, and stealth detection capabilities.
Analysis of Market Platform Segments
The Military Airborne Radar Market is segmented by type and covers navigational radars, weather radars, fire control radars (FCR), targeting and reconnaissance radars, missile warning radars, surveillance early warning radars, airborne warning and control systems (AEACS), and others.
The military airborne radar market is divided into four segments based on component: antenna, transmitter, receiver, and power amplifier.
The military airborne radar market is divided into three segments based on range: short, medium, and long range.
The Military Airborne Radar Market is segmented by application: Unmanned Aircraft System (UAS) {Male, Hale, Tactical}; Manned Aircraft {Fixed Wing, Rotary Wing}.
Fighter aircraft, attack aircraft, maritime patrol aircraft, transport aircraft, and others make up the Military Airborne Radar Market segmentation based on the component.
Regional Perspectives
North America, Europe, Asia-Pacific, the Middle East and Africa, and South America are the regions for which the study offers market insights. At roughly 43.0% of the global market in 2023, the North American military airborne radar market holds a sizable lead. The United States is a leading creator and user of contemporary military radar systems in North America. Due to the huge military budget of the United States, North America is most likely to dominate the regional market for airborne military radars. The US military defense expenditure, for example, climbed 2.3% from 2022 to 2023, reaching USD 916 billion. The country's need for radar systems is fueled by China and Russia's growing threat assessments, which has led to greater investments in technologically advanced armaments.
Additionally, the United States is actively acquiring a variety of military radar systems to bolster its defense capabilities because of rising defense spending, which is increasing demand for this market locally. In October 2023, for example, the US Air Force said that it was creating homeland security radars that could detect a new type of Russian cruise missile. Four long-range radars that can identify, track, and report on surface and airborne threats will be purchased by the US from RTX Corporation as part of the Over-The-Horizon Radar program. Through the same program, Canada also intends to acquire two of these radar systems. It is anticipated that these developments will fuel market demand in North America over the anticipated duration.
Lockheed Martin Corporation, Thales S.A., Northrop Grumman Corporation, Israel Aerospace Industries Ltd., RTX Corporation, Elbit Systems Ltd., L3Harris Technologies, Inc., Leonardo, Saab, and Bharat Electronics Limited (BEL) are important players in the military airborne radar market.