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Report Overview
The global military radar market value reached approximately USD 15.93 billion in 2023. The market is expected to grow at a CAGR of 4.4% between 2024 and 2032 to reach a value of USD 23.46 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- According to industry findings, in 2023, United States military AI spending saw a significant surge, nearly tripling from the previous year.
- The total expenditure on AI-related federal contracts reached USD 675.3 million by August 2023, compared to USD 261 million in 2022, boosting the growth of military radar market.
- The Department of Defence led this increase, with its spending rising from USD 190.4 million to USD 557.1 million.
Competitive Landscape
The military radar market players are focused on the development of advanced radar technologies such as phased-array and multifunction radars providing better detection capabilities. The companies strive to increase the reliability of products while keeping the lifecycle costs low to achieve military contracts. Further, the military radar companies need to expand into emerging markets and invest in research and development into next-generation systems, including integration with unmanned aerial vehicles, to capture more business opportunities and maximise profitability.
Key Market Players
Key industry leaders in this market are:
Honeywell International Inc. is a company that was established in 1906 in Morris Plains, New Jersey. The company deals with advanced military radar systems that feature advanced surveillance and tracking radars. Its solutions increase situational awareness and provide support for various defence applications that help improve the effectiveness of military forces' operations globally.
Lockheed Martin Corporation was founded in 1912 and is headquartered in Bethesda, Maryland. The corporation specialises in advanced military radar technologies. Its products comprise the AN/TPQ-53 artillery radar as well as advanced air and missile defence systems that offer the full range of surveillance and target tracking capabilities to improve national security and defence operations.
Northrop Grumman Systems Corporation was founded in 1994 and headquartered at Falls Church, VA. It developed the AN/TPS-80 Ground/Air Task Oriented Radar G/ATOR. Its equipment systems are designed to detect and track targets effectively. Northrop Grumman systems are made and intended for multi-domain operational performance.
Saab AB, established in 1937 and with its headquarters in Linköping, Sweden, is the leading provider of advanced military radar systems, including GIRAFFE AMB - a multifunctional 3D radar system. Its solutions improve battlefield awareness and air defence capabilities for armed forces by providing reliable high-performance radar technology for modern warfare.
Other players operating in the military radar market are Israel Aerospace Industries Ltd., Raytheon Technologies Corporation, and Airbus SA, among others.
Military Radar Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global market for military radar reached a size of approximately USD 15.93 billion.
The global military radar market is assessed to grow at a CAGR of 4.4% between 2024 and 2032.
The global market for military radar is expected to reach a value of USD 23.46 billion in 2032.
The market is driven by the rising demand for advanced radar systems and a focus on increasing border security.
The rising border conflicts among multiple countries in the world is the major trend driving the market growth.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Based on the components, the market is divided into antenna, transmitter, receiver, power amplifier, duplexer, digital signal processor, graphical user interface, and stabilisation system, among others.
The different platforms in the market include land radar, naval radar, airborne radar, and space-based radar.
The technologies in the market include software-defined radar (SDR), quantum radar, and traditional/noise radar.
The military radar market has HF/VHF/UHF-band, L-band, S-band, C-band, X-band, and Ku/K/Ka-Band, among other frequencies.
available dimensions in the market of military radar are installation/integration, support and maintenance, training and consulting, among others.
The applications in the market include airspace monitoring and traffic management, weapon guidance, ground surveillance and intruder detection, airborne mapping, navigation, ground penetration, and space situational awareness, among others.
The market's key players are Honeywell International Inc., Lockheed Martin Corporation, Northrop Grumman Systems Corporation, Saab AB, Israel Aerospace Industries Ltd., Raytheon Technologies Corporation, and Airbus SA, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124