This report offers a complete analysis of military radar market including product types, major applications, and key defense companies. It also includes information on the most recent industry developments and trends. This report examines key factors that have a significant impact on the market for global military radar. Market growth is influenced by many factors, both direct and indirect.
Application of military radars
The military has made significant investments in radar technology for different purposes, including tracking airborne targets and monitoring enemy forces. Radars are used extensively in combat aircraft as well as in bomber aircraft to locate enemy aircraft and other targets, fix or move aircraft, and navigate through the air. As the world's aerial fleet continues to expand, so does the demand for airborne radars.
Radars serve the primary function of detecting targets. Their effectiveness can be affected by many factors. First, radar systems need to be able to distinguish between targets and uninteresting background signals. Background noise is caused by internal and external sources. It can reduce the detection range for a target. The radar system will be able to distinguish between background noise and targets if it has a higher signal-to-noise ratio.
Market size for military radios
The military radars market is driven by a number of factors, including the growing demand for surveillance, early warning, and ground mapping, as well as the increasing number of conflicts and terrorism across the globe. High development costs for radar systems are expected to limit the market. Raytheon Technologies Corporation is the dominant player in this market, along with Lockheed Martin Corporation Thales Group and Leonardo S.P.A.
North America dominates the market for military radios, followed closely by Asia-Pacific. Increasing defense spending across developing nations is contributing to the growth of this market.
Market trends
The report on trends and market for military radars provides an in-depth analysis of the current market. The report also gives a detailed view of the business opportunities available in this market. It also discusses the market's major drivers and obstacles. These include the increasing demand for vehicle safety, border security and the development in electronic warfare. These are expected to propel the market forward but high development costs are hindering its growth.
There are many segments to the military radar market, depending on their platform and application. By 2020, the short-range segment will dominate the market. Long-range radars can be used for naval surveillance and maritime operations. A contract was signed by the United States Army for the purchase of a radar system. It will cost more that USD 89million.
Key players in the market
There are several key players operating in the global market for military radar. The report includes detailed information about each manufacturer, as well their business strategies. The report also includes insights on recent deals in the market and co-development. This information helps in making informed decisions about business opportunities and revenue streams. It also highlights the major challenges that may hinder market growth.
China is the biggest market for marine radar. China's maritime industry is a major part of its economy. The demand for these products will grow over the next few years. In addition, the country is pursuing economic growth, with successive increases in exports and industrial production. The country's growth will be fueled by consumer demand.
Regional outlook on military radars
The growth of defense spending by governments is fueling the global military-radar market. This includes the expenditure on operations, maintenance weapons, armored cars, and military research & development. According to the Stockholm International Peace Research Institute, global military spending reached $1917 billion in 2019. China's increase in military spending was 7.1% and India 6.8% respectively. Accordingly, the military radar market is projected to grow at a strong pace in the coming years.
The market for Military Radars is divided into Ground Surveillance and Intruder Detection, Air And Missile Defense, Navigation, and Space. These systems have two main applications: airborne mapping and protection of ground forces. The global market for military radars is expected to reach USD 19220 million by 2028, at a 3.9% CAGR.