Military Radar Market - Growth, Trends, and Forecast (2019 - 2024)

The Military Radar Market is segmented by Application (Ground-based Radars, Naval Radars, Airborne Radars, Space-based Radars) and Geography.

Market Snapshot

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Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

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Market Overview

The military radar market is projected to grow at a steady pace, with a CAGR of over 3%, during the forecast period.

  • Advancements in range, detection, identification, and integration with other sensors, and adaptability to new missions, platforms, and environments are driving the demand for new military radars across the world.
  • Growth in defense spending is supporting the market's growth.
  • The increasing use of UAVs, advanced ballistic missiles, and electronic warfare systems have forced several countries to enhance their radar capabilities.

Scope of the Report

Radars are used by armed forces for surveillance, to find targets and track their movements, and direct other weapons or countermeasures against them. Military radars are also used for navigation and as weather radars. The study includes radars used by the Navy (coastal radars, ship-based radars), Air Force (weather navigation radar, airborne radar, precision approach radar), Army (perimeter surveillance radars, long-range surveillance radars, fixed and movable land radars), and in space applications.

Application
Ground-based Radar
Naval Radar
Airborne Radar
Space-based Radar
Geography
North America
US
Canada
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
UAE
South Africa
Rest of Middle East & Africa

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Key Market Trends

Airborne Radar Segment will Register the Highest CAGR During the Forecast Period

Over the years, the number of aerial attacks, globally, has increased and has led to significant investments on airborne radars. The increasing use of stealth aircraft and tactical UAVs is likely to support the growth of this segment even during the forecast period. The cost-effectiveness and ease of operations of unmanned platforms, when compared to manned platforms, have aided the rapid adoption of these unmanned systems in defense applications (for both surveillance and attack operations). Unmanned platforms are largely being deployed by military organizations in conflict regions across the world. Also, Tethered Aerostat Radar Systems are being used as a low-level airborne ground surveillance system in few countries. Such large-scale investments in R&D and the procurement of unmanned systems will continue to drive the military airborne radar market.

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Large Investments on Military Radars is Expected from Countries Based in Asia-Pacific

The United States and Israel are the two key countries in terms of both production and operation of unmanned platforms and associated components. Currently, several countries in the Middle East and Asia (China, India, Iran, and Pakistan) are also spending on the indigenous development of UAVs and associated components for military applications. As of 2018, North America holds the major share in the military radar market. However, rising political tensions in Asia and the Middle East will result in countries based in these regions to procure and modernize their existing radar capabilities in the next few years. China, India, and Saudi Arabia are likely to generate the highest demand for military radars in the next few years. 

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Competitive Landscape

Raytheon Company, Thales Group, BAE Systems, and IAI are some of the prominent players in the military radar market. The market is highly fragmented and depends on the government's long-term contracts. Innovation is a major strategy adopted by these players to maintain their market dominance. Few players have also formed partnerships and acquired smaller electronics firms to enlarge their product portfolio, as well as to expand into a new market. Technical expertise and investment in R&D are some of the factors that are expected to help the players expand their market presence.        

Major Players

  1. Thales Group
  2. Raytheon Company
  3. BAE Systems
  4. Lockheed Martin Corporation
  5. Israel Aerospace Industries Ltd

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Ground-based Radar

      2. 5.1.2 Naval Radar

      3. 5.1.3 Airborne Radar

      4. 5.1.4 Space-based Radar

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 US

        2. 5.2.1.2 Canada

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 UK

        3. 5.2.2.3 France

        4. 5.2.2.4 Rest of Europe

      3. 5.2.3 Asia Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 India

        3. 5.2.3.3 Japan

        4. 5.2.3.4 Rest of Asia-Pacific

      4. 5.2.4 Latin America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Mexico

        3. 5.2.4.3 Rest of Latin America

      5. 5.2.5 Middle East & Africa

        1. 5.2.5.1 Saudi Arabia

        2. 5.2.5.2 UAE

        3. 5.2.5.3 South Africa

        4. 5.2.5.4 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Vendor Market Share

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Thales Group

      2. 6.4.2 Raytheon Company

      3. 6.4.3 BAE Systems

      4. 6.4.4 Lockheed Martin Corporation

      5. 6.4.5 Israel Aerospace Industries Ltd

      6. 6.4.6 Northrop Grumman Corporation

      7. 6.4.7 Saab AB

      8. 6.4.8 Selex ES

      9. 6.4.9 Airbus SE

      10. 6.4.10 FLIR Systems

      11. 6.4.11 Kelvin Hughes (Hensoldt)

      12. 6.4.12 QinetiQ*

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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