The Business Research Company’s report on the Air And Missile Defense Radar Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the air and missile defense radar market further?
The rising military expenditure around the globe is driving the air and missile defense radar market going forward. Military expenditure refers to the amount of money allocated to maintaining an armed force or other forms of defense, which is known as a military expenditure plan (or military expense) and is part of a country’s defense budget. As countries increase their spending on military and defense, they are investing in advanced technologies such as air and missile defense radars to enhance their capabilities for detecting and intercepting incoming threats. In the military, fighter aircraft equipped with radar is used to track down and manage air-to-air missiles, rockets, and guns. For instance, in April 2024, according to an analysis by Stockholm International Peace Research Institute, a Sweden-based research institute focused on global security, in 2023, total global military spending reached $2.443 trillion, reflecting a 6.8 percent increase in real terms compared to 2022. Therefore, the rising military across the globe is driving the market for air and missile defense radar.
Access Your Free Sample of the Global Air And Missile Defense Radar Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=9962&type=smp
What are the key factors influencing the forecasted market size of the air and missile defense radar industry?
The air and missile defense radar market size has grown strongly in recent years. It will grow from $12.86 billion in 2024 to $13.95 billion in 2025 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to geopolitical tensions, modernization of military infrastructure, threat of missile proliferation, rising defense budgets, emergence of asymmetric threats.
The air and missile defense radar market size is expected to see strong growth in the next few years. It will grow to $18.7 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing focus on homeland security, rising investments in ballistic missile defense, integration with c4isr systems, global arms race, technological innovation in radar systems. Major trends in the forecast period include incorporation of artificial intelligence (AI), expansion of naval air and missile defense systems, focus on cybersecurity, global collaborations in radar development, deployment of 3d radar systems.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=9962&type=smp
Who are the leading competitors in the air and missile defense radar market?
Major companies operating in the air and missile defense radar market include BAE Systems Inc., Israel Aerospace Industries Ltd., Leonardo SpA, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Reutech Radar Systems, SAAB AB, Telephonics Corporation, Thales Group, Airbus Group Inc., Aselsan AS, DeTect Inc., General Dynamics Corporation, Indra Sistemas SA, Hensoldt AG, Almaz Antey Corporation, Finmeccanica SpA, Rockwell Collins Inc., Bharat Electronics Limited, The Boeing Co., FLIR Systems Inc., Honeywell International Inc., L3Harris Technologies Inc., NEC Corporation, QinetiQ Group plc, Reutech Radar Systems Pty Ltd., Terma A/S, ThalesRaytheonSystems LLC, Toshiba Corp.
Which emerging trends are set to transform the air and missile defense radar market landscape?
Technological advancements in the air and missile defense radar markets have emerged as a key trend gaining popularity in the market. Major companies operating in the air and missile defense radar market are focused on innovating new technologies, such as networked radar systems to sustain their position in the market. Networked radar systems are connected to each other and other defense systems, which allows for improved information sharing and coordination between different systems, leading to improved situational awareness and more effective defense. For instance, in February 2023, ELTA Systems Ltd., an Israel-based defense products and services company specializing in radar, introduced the ELM-2090 TERRA Strategic Early Warning System. TERRA is a dual-radar system with unsurpassed detection and tracking capabilities against long-range, low-RCS targets by using both UHF and S-band radars. Each powerful system can function independently, but when they are deployed together, system performance is taken to an even higher level.
How do different geographies compare in terms of market share and growth potential in the air and missile defense radar market?
North America was the largest region in the air and missile defense radar market in 2024. Asia-Pacific is expected to be the fastest-growing region in the air and missile defense radar market report during the forecast period. The regions covered in the air and missile defense radar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/air-and-missile-defense-radar-global-market-report
Which major segments of the air and missile defense radar market are experiencing the fastest growth?
The air and missile defense radar market covered in this report is segmented –
1) By Platform: Airborne, Land, Naval
2) By Radar Type: X Band Radars, S Band Radars
3) By Range: Short Range, Medium Range, Large Range
4) By Application: Conventional, Ballistic Missile Defense
Subsegments:
1) By Airborne: Fighter Aircraft Radars, UAV Radars, Helicopter Radars
2) By Land: Ground-Based Radars, Mobile Radars, Fixed Site Radars
3) By Naval: Shipborne Radars, Coastal Surveillance Radars, Submarine Radars
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9962
How is the air and missile defense radar market defined, and what are its core characteristics?
Air and Missile Defense Radar (AMDR) is a type of radar system used for detecting and tracking incoming threats such as ballistic missiles, cruise missiles, and other aerial threats. These radars are designed to provide early warning of potential attacks and to track multiple targets simultaneously.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
