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0 According to Fortune Business Insights™, the global military radar market size was valued at USD 35.58 billion in 2023 and is projected to grow from USD 46.07 billion in 2024 to USD 211.12 billion by 2032, exhibiting a CAGR of 20.96% during the forecast period. North America dominated the market in 2023 with a share of 38.28%, and the U.S. military radar market alone is expected to reach USD 63.69 billion by 2032, fueled by increasing defense procurement and long-term modernization contracts.
Steady increases in defense spending across major economies remain the key growth driver. According to the Stockholm International Peace Research Institute (SIPRI), global military expenditure rose to USD 1,917 billion in 2019, reflecting a 3.6% increase from 2018. The top spenders—the U.S., China, India, Russia, and Saudi Arabia—collectively accounted for 62% of the total. This upward trajectory in military budgets is expected to boost demand for advanced defense technologies, including radar systems that are critical for threat detection, surveillance, airspace control, and tactical navigation.
The report, titled “Military Radar Market Size, Share & Industry Analysis, By Platform (Airborne Radar, Land Radar, Naval Radar), By Range (Long, Medium, Short, Very Short), By Application (Weapon Guidance, Airspace Monitoring & Traffic Management, Airborne Mapping, Ground Surveillance & Intruder Detection, Navigation, Others), By Frequency (C-Band, S-Band, X-Band, L-Band, UHF/VHF, Ku/K/Ka-Band), By Component (Transmitter, Antenna, Receiver, Duplexer, Others), and Regional Forecast, 2024–2032” outlines how growing geopolitical tensions and modernization programs are accelerating the integration of next-generation radar systems in military operations worldwide.
List of Key Companies Profiled in the Military Radar Market Report:
- Honeywell International (The U.S.)
- Airbus SAS (Netherlands)
- Israel Aerospace Industries (Israel)
- Thales Group (France)
- Northrop Grumman Corporation (The U.S.)
- Lockheed Martin Corporation (The U.S.)
- General Dynamics (The U.S.)
- Leonardo S.p.A. (Italy)
- BAE Systems (The U.K.)
- Saab AB (Sweden)
- Raytheon Technologies Corporation (The U.S.)
Source:
https://www.fortunebusinessinsights.com/industry-reports/military-radar-market-101777
Market Restraint:
Growing Development of Stealth and Radar Jamming Technologies to Hinder Market Growth
The increasing advancement of stealth and radar jamming technologies poses a significant challenge to the growth of the military radar market. These technologies are designed to make aircraft and other vehicles less detectable or entirely invisible to radar systems. Stealth is achieved by shaping platforms in a way that deflects radar waves away from detection systems and by using specialized radar-absorbent materials that reduce signal reflection. Additionally, radar jamming disrupts the functionality of radar equipment by interfering with signal reception. As these countermeasures become more sophisticated, they undermine the effectiveness of traditional radar systems, potentially limiting their deployment and slowing market expansion.
Regional Insights:
Liberal Defense Spending to Bolster Market Growth in North America
North America, with its market size standing at USD 9.74 billion in 2019, is expected to dominate the military radar market share during the forecast period owing to consistent expansion of the defense budget by the US. Moreover, the region has a strong presence of some of the largest players in the defense sector such as Raytheon and Boeing, who are constantly developing cutting-edge military technologies.
Asia Pacific is anticipated to generate several opportunities for the market on account of modernization of defense arsenal by China and India, intensification of border disputes, and brokering of defense deals with the US and other developed nations. In Europe, the market will be mainly driven by the development of advanced military technologies by Germany, France, Italy, and the UK as well as replacement of obsolete systems with modern ones.
Competitive Landscape:
Key Players to Compete for Securing Defense Contracts
The competitive landscape of the military radar market is being shaped by the cutthroat race for defense contracts that the key players in this market are engaged in. These companies are aiming to enlarge their footprint and strengthen their network globally by providing next-gen military technologies to burgeoning economies.
Industry Developments:
July 2023 – BAE Systems and Leonardo U.K. were awarded a five-year contract valued at approximately USD 958.9 million to upgrade the radar capabilities of the Royal Air Force (RAF) Typhoon fighter jet. As part of the contract, the aircraft will be equipped with the European Common Radar System Mark 2 (ECRS Mk2), one of the most advanced fighter radar systems globally, enhancing detection, tracking, and electronic warfare capabilities.
May 2023 – The U.S. Army Contracting Command awarded a contract worth approximately USD 2.3 billion to Lockheed Martin Corporation to upgrade the Phased Array Tracking Radar to Intercept on Target (PATRIOT) system. The contract aims to enhance the PATRIOT’s threat detection, missile interception, and target tracking performance amid evolving battlefield requirements.
