Overview and Scope
Air defense radar refers to a type of radar system designed to detect, track, and identify aircraft, missiles, and other aerial objects for the purpose of air defense. These radar systems are an essential component of air defense networks, providing early warning of potential threats and enabling the coordination of defensive measures. They play a critical role in safeguarding airspace and ensuring the security of military installations, strategic assets, and civilian populations.
Sizing and Forecast
The air defense radar market size has grown strongly in recent years. It will grow from $6.78 billion in 2023 to $7.18 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to military conflicts and geopolitical tensions, development of integrated air defense networks, evolution of stealth and electronic warfare capabilities, upgrades and modernization programs of existing air defense systems.
The air defense radar market size is expected to see steady growth in the next few years. It will grow to $8.67 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to rise of multi-functional and multi-mission radar systems, shift towards mobile and expeditionary air defense solutions, emphasis on network-centric warfare and interoperability, surge in demand for radar systems with counter-rocket, artillery, and mortar (c-ram) capabilities, increasing investments. Major trends in the forecast period include increased focus on countering unmanned aerial vehicles (UAVs) and drones, long-range, high-resolution surveillance capabilities, integration of artificial intelligence and machine learning for threat detection and classification, expansion of air defense capabilities in emerging markets, adoption of next-generation radar technologies for enhanced situational awareness.
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Segmentation & Regional Insights
The air defense radar market covered in this report is segmented –
1) By Product Type: Synthetic Aperture And Moving Target Indicator Radar, Surveillance Radar, Airborne Early Warning Radar, Multi-Functional Radar, Weather Radar, Other Product Types
2) By System Type: Fixed, Portable
3) By Platform: Ground-Based, Aircraft-Mounted, Naval-Based
4) By Range: Long Range, Medium Range, Short Range
5) By Application: Ballistic Missile Defense, Identification Friend Or Foe, Weather Forecasting, Other Applications
Asia-Pacific was the largest region in the air defense radar market in 2023. The regions covered in the air defense radar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing volume of air travel is expected to fuel the growth of the air defense radar market going forward. Air travel refers to the movement of passengers, freight, or mail by airplane between two or more locations. The volume of air travel is increasing due to factors such as the emergence of low-cost carriers (LCCs), open skies agreements between countries, investment in airport infrastructure, and tourism growth. Air defense radar indirectly supports the volume of air travel by ensuring the safety and security of airspace, which is essential for maintaining the confidence of passengers, airlines, and regulators in the safety of air travel. For instance, in 2022, according to the Bureau of Transportation Statistics, a US-based government agency, U.S. airlines carried 853 million passengers, which represents a 30% increase over the previous year’s figure of 658 million passengers in 2021. Therefore, the increasing volume of air travel is driving the air defense radar market.
Key Industry Players
Major companies operating in the air defense radar market are RTX Corporation, Lockheed Martin Corporation, General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems plc, L3Harris Technologies Inc., Thales Group, Leonardo S.p.A., Rheinmetall Defence Electronics GmbH, CACI International Inc., Babcock International Group, MBDA Missile Systems, Israel Aerospace Industries Ltd., Indra Sistemas SA, Kongsberg Gruppen ASA, Rafael Advanced Defense Systems Ltd., Rohde & Schwarz GmbH & Co KG, Aselsan AS, Hensoldt AG, QinetiQ Group plc, Saab AB, Ultra Electronics Holdings plc, Terma AS, RADA Electronic Industries Ltd., Elta Group
The air defense radar market report table of contents includes:
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List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Air Defense Radar Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Air Defense Radar Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Air Defense Radar Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 76: RTX Corporation Financial Performance
Table 77: Lockheed Martin Corporation Financial Performance
Table 78: General Dynamics Corporation Financial Performance
Table 79: Northrop Grumman Corporation Financial Performance
Table 80: BAE Systems plc Financial Performance
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