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.
Radars and Weapons Manufacturing Market Size
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.
Radars and Weapons Manufacturing Market Trend
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.
The major players in the global radars and weapons manufacturing market are Lockheed Martin Corporation, BAE Systems PLC, Raytheon Company, Northrop Grumman Corporation, and Boeing.
The countries covered in the global radars and weapons manufacturing market are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Radars and Weapons Manufacturing Market Segmentation
The radars and weapons manufacturing market is segmented into Weapons and Radars.
Radars is a system for detecting/tracking the presence, direction, distance, and speed of objects such as aircraft, ships, and other objects.
Weapon industry comprises establishments engaged in the manufacturing of weapons such as small arms and ammunition and/or ordnance accessories, bombs, depth charges, rockets (except guided missiles), rocket launcher, grenades, mines, torpedoes and other military knives and other non-gun powder weapons.