The air defense radar global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Air Defense Radar Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The air defense radar market size has grown strongly in recent years. It will grow from $6.78 billion in 2023 to $7.18 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to military conflicts and geopolitical tensions, development of integrated air defense networks, evolution of stealth and electronic warfare capabilities, upgrades and modernization programs of existing air defense systems.
The air defense radar market size is expected to see steady growth in the next few years. It will grow to $8.67 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to rise of multi-functional and multi-mission radar systems, shift towards mobile and expeditionary air defense solutions, emphasis on network-centric warfare and interoperability, surge in demand for radar systems with counter-rocket, artillery, and mortar (c-ram) capabilities, increasing investments. Major trends in the forecast period include increased focus on countering unmanned aerial vehicles (UAVs) and drones, long-range, high-resolution surveillance capabilities, integration of artificial intelligence and machine learning for threat detection and classification, expansion of air defense capabilities in emerging markets, adoption of next-generation radar technologies for enhanced situational awareness.
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Scope Of Air Defense Radar Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Air Defense Radar Market Overview
Market Drivers –
The increasing volume of air travel is expected to fuel the growth of the air defense radar market going forward. Air travel refers to the movement of passengers, freight, or mail by airplane between two or more locations. The volume of air travel is increasing due to factors such as the emergence of low-cost carriers (LCCs), open skies agreements between countries, investment in airport infrastructure, and tourism growth. Air defense radar indirectly supports the volume of air travel by ensuring the safety and security of airspace, which is essential for maintaining the confidence of passengers, airlines, and regulators in the safety of air travel. For instance, in 2022, according to the Bureau of Transportation Statistics, a US-based government agency, U.S. airlines carried 853 million passengers, which represents a 30% increase over the previous year’s figure of 658 million passengers in 2021. Therefore, the increasing volume of air travel is driving the air defense radar market.
Market Trends –
Major companies operating in the air defense radar market are developing innovative products, such as advanced medium-range air and missile defense radar, to stay competitive and meet evolving customer needs. The advanced medium-range air and missile defense radar (AMDR) is a powerful radar system capable of detecting, tracking, and intercepting airplanes and ballistic missiles. It is a multifunction radar system that can perform surveillance, target acquisition, and fire control operations for air and missile defense systems. For instance, in October 2021, Raytheon, a US-based aerospace and defense company, launched GhostEye, an advanced medium-range air and missile defense radar designed to defeat advanced threats, including hypersonic weapons, with three antenna arrays for detecting and engaging multiple threats simultaneously from any direction. GhostEye provides comprehensive and reliable threat detection to ensure that nothing goes unseen in the modern battlespace. GhostEye MR radar is a 360-degree surveillance and fire control sensor designed to detect, track, and identify a wide variety of threats. GhostEye MR radar is intended for integration with the National Advanced Surface-to-Air Missile System (NASAMS), enhancing its capabilities to counter evolving threats. The radar system uses advanced technologies like active electronically scanned arrays (AESA) and military-grade gallium nitride (GaN) to improve detection, targeting, tracking, and overall performance.
The air defense radar market covered in this report is segmented –
1) By Product Type: Synthetic Aperture And Moving Target Indicator Radar, Surveillance Radar, Airborne Early Warning Radar, Multi-Functional Radar, Weather Radar, Other Product Types
2) By System Type: Fixed, Portable
3) By Platform: Ground-Based, Aircraft-Mounted, Naval-Based
4) By Range: Long Range, Medium Range, Short Range
5) By Application: Ballistic Missile Defense, Identification Friend Or Foe, Weather Forecasting, Other Applications
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Regional Insights –
Asia-Pacific was the largest region in the air defense radar market in 2023. The regions covered in the air defense radar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the air defense radar market are RTX Corporation, Lockheed Martin Corporation, General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems plc, L3Harris Technologies Inc., Thales Group, Leonardo S.p.A., Rheinmetall Defence Electronics GmbH, CACI International Inc., Babcock International Group, MBDA Missile Systems, Israel Aerospace Industries Ltd., Indra Sistemas SA, Kongsberg Gruppen ASA, Rafael Advanced Defense Systems Ltd., Rohde & Schwarz GmbH & Co KG, Aselsan AS, Hensoldt AG, QinetiQ Group plc, Saab AB, Ultra Electronics Holdings plc, Terma AS, RADA Electronic Industries Ltd., Elta Group
Table of Contents
1. Executive Summary
2. Air Defense Radar Market Report Structure
3. Air Defense Radar Market Trends And Strategies
4. Air Defense Radar Market – Macro Economic Scenario
5. Air Defense Radar Market Size And Growth
…..
27. Air Defense Radar Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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