Market Highlights
The Military Airborne Radar market industry is projected to grow from USD2.268 Billion in 2023 to USD 4.19790 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.00% during the forecast period (2023 - 2032).
In the recent years, there has been a significant change in the warfare technologies and in the landscape of radar capabilities, which have had a direct impact on the security of the countries. Along with the developments in electronic warfare, detection, and range, there has been a simultaneous increase in the development of advanced radar systems, which are being widely used by the global air forces, for targeting, monitoring, and navigation purposes.
A high number of developments in the recent years in radar technologies has given rise to the substitute for conventional radar equipment traditional equipment. This has, in addition, resulted in the development of Active Electronically Scanned Array (AESA) in the airborne fire control radar systems. Further Array radar system helps to track objects by airborne fire control radar, a type of airborne radar. In military airborne radar, fire control radar is used as a weapon control radar that evaluations the position of a target and notifies the fire control systems installed on the missiles. An airborne fire control radar comprises a high pulse repetition frequency and a narrow beam width to achieve greater accuracy and location of the chosen target. Military airborne radar market trend to see grow in forecast period.
Market Segmentation:
In the application segment, weapon guided system has been predicted to record the fastest growth throughout the forecast period, due to its uses and application in tracking and guiding aircraft, missiles, and ships.
Weapon guided system helps to compute velocity and changes in the location of the object. Likewise, the rise in demand for highly accurate military radar systems will drive the Military Airborne Radar Market growth for weapon guidance segment across the globe. Laser control, ground positioning, and other systems used for weapon guidance require various sensors for working in a precise manner, which is expected to boost the growth of the market over the forecast period.
Key players:
The Military airborne radar market drivers are Lockheed Martin Corporation (US), L3Harris Technologies (US), Northrop Grumman Corporation (US), Thales Group (France), Elbit Systems (Israel), Hensoldt AG (Germany), Aselsan (Turkey), Leonardo SPA (Italy), Saab AB (Sweden), BAE Systems (UK), Israel Aerospace Industries (Israel).
Regional Analysis:
The global Military airborne radar market industry Share for military airborne radar is growing due to various aspects, such as the launch of drones, militaries trade systems, territorial conflicts among different geographical regions leads to rise in demand for radar market. Geopolitical uncertainty in the Asia Pacific as well as the Middle East regions is also rising to a larger extent. It is observed that defense divisions and ministries are the primary buyers of military airborne radars in the Asia Pacific region. Aspects such as automation of surveillance and defense technology systems help to optimize the operational activities for the military radar systems. Additionally, the high cost of space-based radars and growing cyber warfare are two key factors challenging the military radar Military Airborne Radar Market from achieving its optimum potential. The present vendors of this market will continue to gain new opportunities from trends such as growing use of unmanned combat systems for battlefield surveillance and rise in demand for ballistic missiles, provided they can overcome the problems related to noise disturbances and electromagnetic blocking.
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