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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