Global Air Defense Radar Market Analysis 2024, Forecast To 2033

17 Apr, 2024

The air defense radar market has experienced strong growth, escalating from $6.78 billion in 2023 to $7.18 billion in 2024, showcasing a compound annual growth rate (CAGR) of 5.9%. This growth is attributed to various factors including military conflicts and geopolitical tensions, the development of integrated air defense networks, evolution of stealth and electronic warfare capabilities, and upgrades and modernization programs of existing air defense systems. Looking forward, the market is expected to witness steady growth, reaching $8.67 billion in 2028, with a CAGR of 4.8%. Growth drivers in the forecast period include the rise of multifunctional and multi-mission radar systems, a shift towards mobile and expeditionary air defense solutions, emphasis on network-centric warfare and interoperability, increased demand for radar systems with counter-rocket, artillery, and mortar (C-RAM) capabilities, and growing investments in defense. Major trends anticipated in the forecast period encompass increased focus on countering unmanned aerial vehicles (UAVs) and drones, integration of artificial intelligence and machine learning for threat detection and classification, expansion of air defense capabilities in emerging markets, and adoption of next-generation radar technologies for enhanced situational awareness.

Global Air Defense Radar Market Key Driver

The expansion of the air defense radar market is expected to be fueled by the escalating volume of air travel worldwide. Air travel, encompassing passenger, freight, and mail transportation via airplanes, has witnessed steady growth attributed to various factors such as the emergence of low-cost carriers, bilateral open skies agreements, infrastructure investments, and tourism expansion. Air defense radar plays a critical role in ensuring airspace safety and security, thereby bolstering confidence among passengers, airlines, and regulatory bodies. For instance, in the United States, airlines carried 853 million passengers in 2022, representing a substantial 30% increase from the previous year. This surge in air travel underscores the need for robust air defense radar systems to maintain operational integrity and safety standards. Consequently, the escalating volume of air travel is expected to drive the growth of the air defense radar market, with market size projections extending to 2028.

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Global Air Defense Radar Market Segments

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
By Geography:The regions covered in the air defense radar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. 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.

Major Air Defense Radar Market Industry Players

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

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Air Defense Radar Market Overview

Air defense radar refers to a type of radar system designed to detect, track, and identify aircraft, missiles, and other aerial objects for the purpose of air defense. These radar systems are an essential component of air defense networks, providing early warning of potential threats and enabling the coordination of defensive measures. They play a critical role in safeguarding airspace and ensuring the security of military installations, strategic assets, and civilian populations.

Air Defense Radar Global Market Report 2023 provides data on the global air defense radar market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The air defense radar market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.