This report provides a comprehensive analysis of the military radar market, including product types, leading applications, and major defense companies. It also gives insight into industry developments and current trends. This report examines key factors that have a significant impact on the market for global military radar. The market growth can be attributed to many factors, including direct and indirect.
Application of military radars
For various purposes, the military has made significant investments into radar technology. This includes tracking airborne enemies and monitoring them. Radars are widely used in combat aircraft and in bomber aircraft for locating enemy aircraft and other targets, fixing or moving aircraft, and navigating through the air. As the world's aerial fleet continues to expand, so does the demand for airborne radars.
The primary function of radars is to detect targets. But, there are many factors that affect their effectiveness. First, radar systems need to be able to distinguish between targets and uninteresting background signals. Background noise, which can come from both internal and outside sources, can decrease the detection range of targets. The radar system can distinguish target from background by comparing signal-tonoise ratios that are higher.
Market size of military radars
There are many factors that drive the market for military radars, including the rising demand for surveillance, early warning and ground mapping as well as increasing conflicts and terrorist attacks around the world. However, radar systems' high development costs will likely limit the market. The major players in this market include Raytheon Technologies Corporation, Lockheed Martin Corporation, Thales Group, and Leonardo S.P.A.
North America dominates the market for military radios, followed closely by Asia-Pacific. This market is growing because of the increase in defense spending by developing countries.
Trends in the market
The report on trends in the military radar market provides detailed analysis of the current market scenario. It also provides an extensive view of potential business opportunities in this market. The report also details the market's key drivers as well as its challenges. These include the growing demand for safety in cars, the need to secure borders, and the development of electronic warfare. These are expected to propel the market forward but high development costs are hindering its growth.
The market for military radars can be split into different segments depending on their application and platform. The market's short-range segment is expected be the dominant by 2020. Long-range radars are used primarily for maritime operations and naval monitoring. A contract was signed by the United States Army for the purchase of a radar system. It will cost more that USD 89million.
Key players in the market
There are several key players in the global military radar market. The report provides detailed information about each manufacturer and their business strategies. This report provides insight into market deals and co-development. This information assists in making informed decisions regarding revenue streams and business opportunities. This report also identifies the main challenges that are limiting market growth.
China is a major market for marine radar. Its maritime industry accounts for a large part of the country's economy. This will ensure that there will be a continued increase in demand for these goods over the next several years. The country is also striving for economic growth. This includes successive increases both in exports, and in industrial production. Additionally, consumers will drive the country's market expansion.
Military radars in the region
The global military radar market is fueled by a variety of factors, including the increased spending on defense by governments. This includes operations, maintenance and weapons, as well military research, development and acquisition. According to The Stockholm International Peace Research Institute, the global military expenditures reached $1917 trillion in 2019. Additionally, China's military spend increased by 7.1% while India's rose by 6.8%. Accordingly, the military radar market is projected to grow at a strong pace in the coming years.
The Military Radars market has four segments: Ground Surveillance and Intruder Detection, Air And Missile Defense, Navigation, and Space. These systems have two main applications: airborne mapping and protection of ground forces. Global market for military radars is expected reach USD 19220million by 2028 at a 3.9% compound annual growth rate.