The Global Military Radar Market is projected to grow from USD 14.17 billion in 2021 to USD 25.75 billion by 2030 at a CAGR of 4.50% during the forecast period. Radar is used in defense applications to find missiles, ships, airplanes, and spacecraft that pose a danger from the air, land, or water. Radar systems are essential for finding bombs and landmines that are hidden from sight. Lightweight radars are one of the main items in the military radar industry that are in high demand worldwide. The enormous potential for their application in the domestic defence industry can be attributed to the high demand for these radars. Additionally, rising expenditures by nations to bolster their home defence and border defence forces are now driving the global market for military radar. Additionally,the ongoing necessity to keep an eye on the escalating terrorist activities along with geopolitical tensions can be linked to the increased defense spending by emerging countries in the Asia-Pacific and the Middle East. As a result, China launched a new portable and versatile radar in April 2021 that can spot drones, low-flying cruise missiles, and stealth aircraft. Also planned for flight by 2022 is the NASA-ISRO Synthetic Aperture Radar (NISAR) satellite.
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The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future.
The Military Radar Market report has been curated after observing and studying various factors that determine regional growth such as the economic, environmental, social, technological, and political status of the particular region. The report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Military Radar Market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research.
The report provides a comprehensive analysis of company profiles listed below:
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
Type Analysis of World Wide Military Radar Market:
Digital Signal Processor
Transmitter
Receiver
Duplexer
Antenna
Others
Segmentation of global Military Radar Market by Application:
Airspace Monitoring & Traffic Management
Weapon Guidance
Airborne Mapping
Navigation
Ground Surveillance & Intruder Detection
Others
Global Military Radar Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America (Brazil, Argentina and Colombia etc.)
• Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
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Various factors are responsible for the market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Military Radar market. This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast considering the macro and micro environmental factors. It also gauges the bargaining power of suppliers and carters, threat from new entrants and product substitutes, and the degree of competition prevailing in the market.
The report helps in providing a wider introduction to the market and also helps in dealing with the detailed methodology of research for the calculation of the size and forecasts of the market. The sources of secondary data are used and the primary inputs are taken for the validation of data. This section also helps in the outlines the several segments that have also been covered as being a part of the report. Additionally, the Research Methodology reviews tend of providing the calculation for determining the inclinations of the global market.
