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Airborne Radar Market Size
- Report ID: GMI7137
- Published Date: Oct 2023
- Report Format: PDF
Airborne Radar Market Size
Airborne Radar Market was valued at over USD 10 billion in 2022 and is anticipated to grow at a CAGR of around 9% between 2023 and 2032. The rise in defense budgets across nations has led to increased investments in airborne radar systems. Governments allocate substantial funds to strengthen their defense forces including the procurement of state-of-the-art radar technology.
For instance, in 2022, the Government of Canada announced an investment of over USD 35 billion to modernize North American Aerospace Defense Command (NORAD). This financial support enabled the development & deployment of high-performance radar systems, strengthening national security and defense capabilities. Military modernization programs, driven by the evolving geopolitical dynamics and emerging threats, fuel the demand for advanced airborne radar systems. Defense agencies invest in cutting-edge radar technology to enhance their military capabilities, enabling early threat detection, effective surveillance, and superior situational awareness. The upgrade of radar systems is integral to maintaining a technologically superior defense infrastructure, ensuring preparedness for modern warfare scenarios.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Airborne Radar Market Size in 2022: | USD 10 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 9% |
| 2032 Value Projection: | USD 25 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 220 |
| Tables, Charts & Figures: | 355 |
| Segments covered: | Frequency band, installation type, application, range, and end use |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Airborne radar refers to radar systems installed on aircraft for detecting, tracking, and identifying objects on the ground, in the air, or at sea. These systems use radio waves to determine the range, altitude, speed, and direction of targets, providing crucial information for military, surveillance, weather monitoring, and commercial aviation applications.
The designing and development of advanced airborne radar systems involve substantial research, testing, and engineering efforts. The high costs associated with research, prototype development, and testing can strain the financial resources of radar manufacturers. The radar systems, such as any complex technology, require regular maintenance to ensure optimal performance. Ensuring the reliability of radar components and systems, especially in harsh operational environments, is a continuous challenge. Downtime for maintenance can impact mission readiness and operational effectiveness, posing a challenge for military applications. These factors are restraining market growth.
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Airborne Radar Market Scope
