Military Radars by Type (Space-based Radars, Naval Radars, Ground-based Radars, and Air-borne Radars) By Region (North America, Europe, Asia Pacific, and Rest of the World)
Military Radars Market revenue is estimated to be $USD Billion in 2018 and shall grow with a CAGR of XX.X% during the forecast period of 2018 to 2026. In terms of sales volume, the figure stood at XX Units in 2018.

Radar refers to electronic equipment that detects the direction, presence, height, and distance of objects using reflected electromagnetic energy. The radar system plays a significant role in security and surveillance. Land-Based Air Defense, Missile Control, and Ground Surveillance, Naval and Coastal Surveillance and Navigation, Naval Fire-Control, Airborne Surveillance, Military Air Traffic Control (ATC) are major activities for which these systems are implemented in a military environment. BAE Systems, one of the leading Radar technology provider, has been continuously working on technological enhancements in terms of HF receiving systems and is working closely with the Australian government to develop their military capabilities. He company plans to upgrade its networking systems (JORN) in the year 2022. 

Military Radars Market revenue is estimated to be $USD Billion in 2022 and shall grow with a CAGR of XX.X% during the forecast period of 2022 to 2031. In terms of sales volume, the figure stood at XX Units in 2022.

Key factors propelling the market are increasing territorial disputes and growing demand for hi-tech weapons. Besides, security concerns for the nations have also stimulated the market growth. High demand for Lightweight Radars and Target Recognition, and Ground Surveillance Radars for Border Monitoring would provide opportunities throughout the forecast period. However, the high cost for the development of military radars acts as a hindrance to the radar system market.

SEGMENT ANALYSIS

Ground-based Radars generated; largest revenue in 2022 and would continue to lead the industry through the analysis period. Recent advancements in defense technology have created the need for Hi-Tech surveillance systems that can help in accurate sensing. China, the US, Russia, Iran, India, France, and North Korea are major countries highly investing in such developments in their military systems. In the current business scenario, North America is the leading buyer country; however, Asia Pacific is expected to generate huge demand in the future. The high growth of this region is attributed to regional tensions and upsurge in the defense spending of developing economies.

MARKET PLAYER ANALYSIS

Key players operating in the market include Raytheon, IAI ELTA Systems, SAAB AB, Accipiter Radar Technologies, Northrop Grumann Corporation, Rheinmetall Group, Honeywell Aerospace, BAE Systems, Thales Raytheon Systems, Harris Corporation, Lockheed Martin, and Almaz-Antel, among others. Other industries in this domain that are growing at a high CAGR include Communication Bluetooth Headsets Market and Vehicle to Vehicle Communication.

COVERAGE HIGHLIGHTS

• Market Revenue Estimation and Forecast (2022 – 2031)
• Market Production Estimation and Forecast (2022 – 2031)
• Market Sales/Consumption Volume Estimation and Forecast (2022 – 2031)
• Breakdown of Revenue by Segments (2022 – 2031)
• Breakdown of Production by Segments (2022 – 2031)
• Breakdown of Sales Volume by Segments (2022 – 2031)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
• Regional Analysis and Market Data Breakdown

MARKET SEGMENTATION

By Type Outlook ($Revenue, 2022-2031)
• Space-based Radars
• Naval Radars
• Ground-based Radars
• Air-borne Radars

By Regional Outlook ($Revenue, 2022-2031)
• North America
• Canada
• U.S
• Mexico
• Europe
• Germany
• France
• Italy
• U.K
• Rest of Europe 
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
• Rest of the World
• Latin America
• Middle East
• Africa

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