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Military Radar Market Share

Report ID: GMI7177
Published Date: Oct 2023
Report Format: PDF

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Military Radar Market Share

Players in the industry focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced solutions in the market. Some major players operating in the military radar industry are mentioned below:

Aselsan A.S.
BAE Systems plc
Boeing Companyf
General Dynamics Corporation
Israel Aerospace Industries
Lockheed Martin Corporation
Raytheon Technologies Corporation

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market size for military radar was worth more than USD 13 million in 2022 and is projected to expand at over 5% CAGR from 2023 to 2032 owing to the significant government investments to boost national defense capabilities.

The antenna segment held over 25% share of the military radar market in 2022 and is estimated to witness high demand up to 2032 due to greater need to enhance long-range detection capabilities.

North America accounted for over 26.5% revenue share of the miliary radar market in 2022 and is projected to expand at notable CAGR from 2023-2032 owing to the massive investments in radar technology by the U.S. for its armed forces & allies.

Some of the top military radar companies are Aselsan A.S., BAE Systems plc, Boeing Company, General Dynamics Corporation, Israel Aerospace Industries, Lockheed Martin Corporation, and Raytheon Technologies Corporation.