Military Radar Comprehensive Study
About Military Radar
Military radar is an object which is used for the determination of speed, altitude, and direction of objects during military operations. The global military radar market is expected to grow at a healthy pace during the forecast period, according to the AMA study. Moreover, the rising military expenditure across different regions and the increasing military expenditure is expected to be some of the major factors aiding the growth of the market. However, the market is expected to witness a decline in growth during FY 2020 but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
AttributesDetailsStudy Period2018-2030Base Year2023UnitValue (USD Million)
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the market. The recent global industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Military Radar market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.Airbus (France), ASELSAN A.Ş. (Turkey), BAE Systems (United Kingdom), Boeing (United States), General Dynamics Mission Systems, Inc. (United States), Harris Corporation (United States), Israel Aerospace Industries (Israel), Leonardo DRS (United States), Lockheed Martin Corporation (United States), Northrop Grumman (United States), Raytheon Company (United States), Saab (Sweden), Terma A/S (Denmark) and Thales Group (France) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Military Radar market by Type (Ground-Based Military Radar, Naval Based Military Radar, Airborne Military Radar and Space-Based Military Radar), Application (Simple Pulse, Target Indication, Imaging & Tracking, Fire-Control, Air Traffic Control and Others) and Region.On the basis of geography, the market of Military Radar has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use, the sub-segment i.e. Surveillance will boost the Military Radar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Developments in Military Infrastructure
Market Growth Drivers:
Growing Military Expenditure Across Different Regions and The Rising Military Aircraft Production
Challenges:
High Investments in Early Phases
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Restraints:
High Cost of Military Radars
Opportunities:
Opportunities Across the Asia Pacific Region
Market Leaders and their expansionary development strategies
In December 2023, SpaceX launched a Falcon 9 rocket carrying the SARah 2 & 3 satellites for the German military Sunday. The twin craft, equipped with passive synthetic aperture radar reflectors, lifted off from Vandenberg Space Force Base in California at 5:11 a.m. PST / 8:11 a.m. EST / 1311 UTC.In February 2020, Raytheon announced that it has completed the first radar antenna array for the U.S. Army’s new missile defense radar in less than 120 days after being selected for the job, following a competition to replace the service’s Patriot air and missile defense system sensor.
Analyst View
After a healthy global military aircraft demand in 2019, the deliveries of miiltary aircraft declined in the 2020 which was expected to regain its growth in the FY 2021 after the COVID-19 pandemic scenario. After the COVID-19 pandemic across the world, the demand for military aircraft has not been affected as the military spending across the world has not been witnessing any negative impact due to the pandemic as the countries are more concerned about the safety & security of their nations. At the same time, the demand for military aircraft has remained unaffected by the pandemic. Moreover, the demand for military radars for military applications is expected to remain constant during the forecast period which is expected to drive the market demand during the near future.
Key Target Audience
Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.