Military Radars Market Trends Indicate Steady Surge

Posted 2025-08-04 12:23:14

The global military radars market continues its robust growth trajectory, fueled by rapid defense modernization, evolving warfare strategies, and increasing geopolitical tensions across key regions. According to the latest industry analysis, the market, which was valued at USD 16.74 billion in 2023, is projected to rise to USD 17.67 billion in 2024, and further soar to USD 26.86 billion by 2031, exhibiting a Compound Annual Growth Rate (CAGR) of 6.17% from 2024 to 2031.

Key Highlights:

· Market Size in 2023: USD 16.74 billion

· Estimated Market Size in 2024: USD 17.67 billion

· Projected Market Size by 2031: USD 26.86 billion

· CAGR (2024–2031): 6.17%

Driving Forces Behind the Growth

The military radar industry is witnessing transformative changes, primarily driven by:

· Rising Global Defense Expenditures: Countries are significantly increasing their military budgets to enhance national security amid growing cross-border tensions.

· Modernization of Armed Forces: Advanced radar systems are integral to next-generation warfare, offering precision tracking, stealth detection, and integration with AI-based platforms.

· Increased Demand for Missile Defense Systems: Escalation in the use of aerial and missile threats is leading to heightened investment in surveillance and tracking technologies.

· Technological Innovations: The development of Active Electronically Scanned Array (AESA) radars and quantum radar technologies is redefining the radar ecosystem.

Segmentation Insights

The global military radars market can be segmented across several dimensions:

By Type:

· Ground-Based Radar: Most dominant segment, widely used for surveillance and early warning.

· Naval Radar Systems: Increasingly adopted for ship-based air and surface tracking.

· Airborne Radar: Witnessing rapid adoption in UAVs and fighter jets for tactical operations.

· Space-Based Radar: Emerging segment with future growth potential due to satellite-based defense monitoring.

By Application:

· Surveillance & Reconnaissance

· Weapon Guidance

· Air and Missile Defense

· Border and Coastal Surveillance

· Air Traffic Control

Regional Landscape

North America

Dominates the global market, largely due to the presence of major defense contractors such as Lockheed Martin, Raytheon Technologies, and Northrop Grumman. The U.S. Department of Defense continues to lead in radar R&D and procurement.

Asia-Pacific

Expected to witness the highest growth rate during the forecast period. Countries like China, India, South Korea, and Japan are investing heavily in radar technology to counter regional threats and strengthen indigenous capabilities.

Europe

Steady growth anticipated due to joint defense projects like EUROCONTROL and NATO collaborations. Countries such as Germany, France, and the UK are actively upgrading radar systems in both naval and ground-based fleets.

Middle East & Africa

Emerging markets with rising demand for border surveillance systems amid regional conflicts and evolving threat landscapes.

Competitive Landscape

The global military radar market is moderately consolidated with key players continuously focusing on mergers, acquisitions, and technological collaborations to strengthen their market position.

Key Players Include:

· Raytheon Technologies Corporation

· Northrop Grumman Corporation

· Lockheed Martin Corporation

· Thales Group

· BAE Systems plc

· Leonardo S.p.A.

· Saab AB

· Israel Aerospace Industries

· Hensoldt AG

Recent Developments:

· Lockheed Martin unveiled a new prototype AESA radar for ballistic missile tracking in 2024.

· Thales launched a mobile radar system for border surveillance in NATO territories.

· Israel Aerospace Industries signed a multi-billion-dollar radar supply agreement with Asian defense forces.

Market Challenges

Despite robust growth, the market faces certain hurdles:

· High Costs of Development & Deployment: Military-grade radars are capital-intensive.

· Cybersecurity Threats: Increasing risks of radar jamming and electronic warfare.

· Export Restrictions: Government regulations and international embargoes can restrict the supply chain.

Future Outlook

The integration of radar technologies with AI, machine learning, and space-based reconnaissance systems is set to revolutionize the market. Moreover, the push toward multi-domain operations (MDO) is accelerating demand for interoperable and network-centric radar solutions.

Strategic Opportunities:

· Integration with autonomous combat platforms

· Development of stealth detection radar systems

· Cross-border military collaborations and joint ventures

Conclusion

With its strategic importance in national defense, intelligence, and surveillance, the military radars market is poised for sustained growth through 2031. As threats evolve and technologies advance, radar systems will remain at the forefront of military preparedness across the globe.

Get Full Detailed PDF Report- https://www.kingsresearch.com/military-radars-market-1800

Browse to Related Article:

military_radars_market

Please log in to like, share and comment!