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Historical Year
Forecast Year
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.
Global Military Radar Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 15.93 |
Market Size 2032 | USD Billion | 23.46 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 4.4% |
CAGR 2024-2032 - Market by Region | North America | 4.9% |
CAGR 2024-2032 - Market by Country | India | 5.5% |
CAGR 2024-2032 - Market by Country | Brazil | 5.3% |
CAGR 2024-2032 - Market by Dimension | Installation/Integration | 5.1% |
CAGR 2024-2032 - Market by Technology | Quantum Radar | 4.9% |
Market Share by Country 2023 | Japan | 5.2% |
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Military radars are detection systems that are used to identify the distance, angle, and speed of an object. The military utilises these radars to monitor the airspace, land, and water for enemy vehicle movement and control missiles and guns. These radars are also utilised to gain real-time information and detect unexploded tunnels and movements around the border.
Countries around the world are increasing their defence budgets to implement a tighter defence network. Bolstering air defence has become a major part of military radar market dynamics and trends, especially among the developed economies.
Countries are increasing their investments in procuring state-of-the-art surveillance radars, supporting an increased military radars market revenue. These have helped security personnel to make decisions quicker and prevent illegal activities.
Manufacturers are focused on research and development of innovative and more precise radar systems with the market demand shifting towards active electronically scanned array radars.
According to the World Bank, in 2022, Ukraine, Saudi Arabia, and Qatar were the top three countries in military spending as a percentage of GDP. Ukraine allocated an extraordinary 33.55% of its GDP to military expenses, driven by ongoing conflicts. Saudi Arabia spent 7.42% of its GDP on defence, reflecting its strategic regional role and security needs. Qatar dedicated 6.96% of its GDP to military expenditures, ensuring robust defence capabilities in a volatile region. These percentages are significantly higher than the global average of 2.3%.
In 2022, India, Ukraine, and Saudi Arabia were the top three countries in terms of arms imports, based on data from the World Bank. India led with arms imports amounting to USD 2.85 billion, reflecting its ongoing efforts to modernise its defence capabilities. Ukraine followed with USD 2.64 billion in arms imports, likely driven by the need to bolster its defence amid ongoing conflicts. Saudi Arabia imported arms equipment worth USD 2.27 billion, maintaining its high defence expenditure to ensure regional security. The global total for military imports was USD 31.74 billion, driving the military radar industry revenue.
CAGR 2024-2032 - Market by | Country |
India | 5.5% |
Brazil | 5.3% |
China | 5.0% |
USA | 4.8% |
Mexico | 4.5% |
Canada | XX% |
UK | 4.4% |
Germany | XX% |
France | XX% |
Italy | XX% |
Japan | XX% |
Australia | XX% |
Saudi Arabia | XX% |
According to industry findings, in 2023, U.S. 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. The Department of Defence led this increase, with its spending rising from USD 190.4 million to USD 557.1 million. Other agencies also increased their AI investments from USD 70.6 million to USD 118.2 million bolstering the military radar demand growth.
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“Global Military Radar Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Component
Market Breakup by Platform
Market Breakup by Technology
Market Breakup by Frequency Band
Market Breakup by Dimension
Market Breakup by Application
Market Breakup by Region
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Among the different frequencies, the UHF/VHF frequency is expected to hold a significant military radars market share. UHF stands for “Ultra High Frequency” and VHF stands for “Very High Frequency”, and surveillance radars with these frequencies are high in demand due to their specialised design to detect smaller objects at a greater range. These are increasingly being utilised for airborne and maritime applications. Ku/K/Ka bands are also rising in demand. These multi-band radar frequencies improve signal clarity, and there is a growing demand for better signal quality in radar systems, further driving the growth of the military radar market.
The ground surveillance and intruder detection segment are anticipated to hold a major share of the market. This development can be attributed to the increasing demand for advanced radars to be implemented for border security. The rising border conflicts have increased the investment in border defence systems, thereby aiding the military radar market growth. Airspace monitoring is expected to be the fastest growing segment, owing to the advanced monitoring systems allowing control centres to monitor all aircraft in the airspace.
The companies specialise in aerospace, building technologies, performance materials, and safety solutions offering innovative products and services to boost efficiency, safety, and performance across diverse industries.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Component |
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Breakup by Platform |
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Breakup by Technology |
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Breakup by Frequency Band |
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Breakup by Dimension |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Trade Data Analysis |
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Competitive Landscape |
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Companies Covered |
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*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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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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