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Military Radar Market Share

Report ID: GMI7177
Published Date: Dec 2024
Report Format: PDF

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Military Radar Market Share

Raytheon Technologies Corporation, Northrop Grumman Corporation, and Lockheed Martin Corporation are major players in the military radar industry. Raytheon Technologies produces radar systems for air and missile defense, along with airborne surveillance systems that focus on tracking and signal processing. Northrop Grumman manufactures radar solutions including the AN/TPS-80 and AESA radar systems for air and naval applications. Lockheed Martin develops radar technologies for fighter jets, naval systems, and integrated surveillance, incorporating phased-array and AESA technology to improve situational awareness. These companies integrate artificial intelligence and data fusion capabilities to enhance their radar systems' operational performance.

Military Radar Market Companies

Major players operating in the military radar industry are:

Aselsan A.S.
BAE Systems plc
Boeing Company
Cobham plc
FLIR Systems, Inc.
General Dynamics Corporation
Hensoldt AG
Honeywell International
Israel Aerospace Industries
L3Harris Technologies, Inc.
Leonardo S.P.A.
Lockheed Martin Corporation
Northrop Grumman Corporation
Raytheon Technologies Corporation
Rheinmetall AG
Saab AB
Thales Group

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The global market size for military radar was valued at USD 14.8 billion in 2024 and is projected to reach USD 25.1 billion by 2034, driven by a CAGR of 5.6% during the forecast period, fueled by increasing defense budgets and modernization efforts.

In 2024, antennas held the largest market share at 24.7%, driven by their critical role in enhancing radar performance through advanced technologies like Active Electronically Scanned Arrays (AESAs).

The North America market is expected to exceed USD 10 billion by 2034, driven by the U.S.'s strong defense budget and advancements in radar technologies.

Key players in the military radar industry include Aselsan A.S., BAE Systems plc, Boeing Company, Cobham plc, FLIR Systems, Inc., General Dynamics Corporation, Hensoldt AG, Honeywell International, and Israel Aerospace Industries.