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Report Overview
The global military radar market was valued at USD 16.63 Billion in 2024. The industry is expected to grow at a CAGR of 4.40% during the forecast period of 2025-2034. Increased global defense spending, particularly within the United States, China, and Russia, are contributing to the growing market demand for military radar systems. Most governments are now channeling additional funds into modernizing their military technologies, including radar systems, to enhance their defense systems in the face of continuous evolving security threats. Furthermore, the growing complexity of modern asymmetric warfare, as well as the emergence of cyber-attacks and advanced missile systems, has increased the need for advanced-level radar solutions to provide better surveillance and early-warning capabilities. In turn, this has resulted in the market attaining a valuation of USD 25.58 Billion by 2034.
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. This opens significant doors for the military market companies as they can develop intuitive radar systems that are enabled with artificial intelligence (AI) for target detection and classification as well as data processing. Those with machine learning-enabled radar systems or any system with AI capabilities will be well positioned to benefit from this trend, especially if they can provide real-time decision-making tools or any other system that helps identify threats.
- 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. To capitalize on this, radar manufacturers can partner with government agencies and defence contractors, ensuring contracts in large amounts and increasing market shares in the quickly evolving defence scene.
- The Department of Defence led the expenditure increase, with its spending rising from USD 190.4 million to USD 557.1 million. This can stimulate innovation within radar companies and encourage them to invest in R&D to meet new demands of specific defence offices for smarter, more efficient, and well-integrated radars.
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 2024, the market reached an approximate value of USD 16.63 Billion.
The military radar market is assessed to grow at a CAGR of 4.40% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025 and 2034 to reach a value of around USD 25.58 Billion by 2034.
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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