Global Air Defense Radar Market Analysis 2024, Forecast To 2033

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.