Radars and weapons industry includes establishments that manufacture radars and weapons for civilian and military purpose. Radars operate in the ultra-high-frequency (UHF) or microwave part of the radio-frequency (RF) spectrum, and these radio waves used to determine the range, angle, or velocity of objects such as aircraft, spacecraft, guided missiles, ships, motor vehicles, weather formations, and terrain. The types of weapons manufactured by companies in this market are small arms and ammunitions, bombs, rockets and rocket launcher, torpedoes and other military knives.
The top five companies covered are Lockheed Martin Corporation, BAE Systems PLC, Raytheon Company, Northrop Grumman Corporation, and Boeing. Lockheed Martin Corporation was the largest company in the radars and weapons manufacturing market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global radars and weapons manufacturing market was valued at nearly $594 billion in 2017. North America was the largest region in the radars and weapons manufacturing market in 2017, accounting for close to 50% of the total market. The USA was the largest country in the market in 2017, accounting for around 47% of the total market.
Use of passive radars are gaining traction in the market due to its advantages across wide range of defense and civil applications and cost effectiveness. Passive radars use the existing electromagnetic signals from the atmosphere to support imaging and tracking capabilities, whereas the regular/active radar sends out electromagnetic signals to the target and receives reflected signals from the target.