The Military Radar Market was valued at USD 13.25 Billion in 2021, the market is projected to grow USD 23.10 Billion in 2030, at a CAGR of 4.11%. Radar is used in defines applications to find missiles, ships, airplanes, and spacecraft that pose a danger from the air, land, or water. Military equipment purchases are increasing as a result of the increased demand for defines capabilities, which is fuelling the market’s expansion. The ongoing necessity to keep an eye on the escalating terrorist activities along with geopolitical tensions can be linked to the increased defines spending by emerging countries in the Asia-Pacific and the Middle East.
MILITARY RADAR MARKET: TREND
MIMO Radar Development Propel Market Growth
The multiple-input multiple-output (MIMO) radar consists of several #digital receiver-equipped antennas that broadcast arbitrary waveforms. MIMO #radars were created to be lighter, more powerful, smaller, and less expensive than traditional AESA (Active Electronically Scanned Array) radars. With its numerous broadcast and receive antennas that can function at various frequencies, these radars take use of a 3D range. For ground radar applications, it is projected that this new MIMO technology will perform better than the established active electronically phased array (AESA) systems. Compared to AESA, MIMO has a superior jamming resistance.
Request For Free Sample Report: https://shorturl.at/dnoBY
Regional Analysis
Based on the Region, the Global Military Radar Market is categorized into North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa. The North America region is expected to dominate the market share owing to the biggest defense spending by the United States and the purchase of cutting-edge military radars that are to blame for the growth. The market is expected to increase as a result of efforts and programs like the Air and Missile Defense Radar and Three-Dimensional Expeditionary Long-Range Radar. Important OEMs like Boeing, Lockheed Martin, Northrop Grumman, and others also contribute to the market’s expansion.
Key Players
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Leonardo S.p.A.
- Israel Aerospace Industries
- Raytheon Technologies Corporation
- Airbus
- BAE Systems
- General Dynamics Corporation
- Honeywell International
- Saab AB
- Thales Group
- Others
Segments covered:
- By Product Engines Aircraft Manufacturing Insulation components manufacturing
- By Type: Business aircraft, Military aircraft, Commercial aircraft
To Grow Your Business Revenue, Make an Inquiry Before Buying at: https://www.sphericalinsights.com/reports/land-military-laser-designator-market
Recent Developments
- March 2021- A contract for the purchase of radar systems for USD 175 million was signed by the defense ministers of Slovakia and Israel. According to the agreements, Israel will provide the Slovak Air Force with seventeen highly advanced radar systems built by Israel Aerospace Industries (IAI).
- April 2021- A modification contract worth USD 243.2 million was signed by Raytheon Technologies Corporation and the Missile Defense Agency for the delivery of the AN/TPY-2 radar, which was created to detect ballistic missiles and direct the Terminal High Altitude Area Defense system.
REPORT OVERVIEW
The scope of the report includes a detailed study of regional markets for Global Military Radar Market. The Global Military Radar Market is segmented by Component, Platform, Range, Application, Frequency, and Region. It reveals the market situation and future forecast. The study also covers the significant data presented with the help of graphs and tables. The report covers information regarding the competitive outlook including the market share and company profiles of the key participants operating in the Global Military Radar Market.
Direct Purchase of Research Report at : https://shorturl.at/dnoBY
Read Trending Reports:
https://www.sphericalinsights.com/reports/land-military-laser-designator-market
https://www.sphericalinsights.com/reports/aesa-radar-market
https://www.sphericalinsights.com/reports/aerospace-parts-manufacturing-market
About Newness Insights & Consulting
Newness Insights & Consulting is a dynamic market research and consulting company specializing in delivering valuable market research studies, precise quantitative forecasting, and insightful trend analysis tailored to empower decision-makers. Our forward-looking insights are meticulously crafted to enhance ROI and drive success.
We serve a diverse range of industries, including the financial sector, industrial enterprises, government organizations, universities, non-profit entities, and corporations. Our core mission revolves around collaborating with businesses to not only attain their strategic objectives but also sustain continuous improvement.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us