Air Defense Radar Market Growth and Trends Analysis 2024-2033 - Exploring Market Opportunities

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.

Market Overview -
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.

Download Free Sample of Report -

https://www.thebusinessresearchcompany.com/sample.aspx?id=14244&type=smp

Air Defense Radar Market Driven By Increasing Volume Of Air Travel
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.

Competitive Landscape -
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

Raytheon Launches Game-Changing GhostEye Radar For Enhanced Air Defense Systems
Major companies operating in the air defense radar market are developing innovative products, such as advanced medium-range air and missile defense radar, to stay competitive and meet evolving customer needs. The advanced medium-range air and missile defense radar (AMDR) is a powerful radar system capable of detecting, tracking, and intercepting airplanes and ballistic missiles. It is a multifunction radar system that can perform surveillance, target acquisition, and fire control operations for air and missile defense systems. For instance, in October 2021, Raytheon, a US-based aerospace and defense company, launched GhostEye, an advanced medium-range air and missile defense radar designed to defeat advanced threats, including hypersonic weapons, with three antenna arrays for detecting and engaging multiple threats simultaneously from any direction. GhostEye provides comprehensive and reliable threat detection to ensure that nothing goes unseen in the modern battlespace. GhostEye MR radar is a 360-degree surveillance and fire control sensor designed to detect, track, and identify a wide variety of threats. GhostEye MR radar is intended for integration with the National Advanced Surface-to-Air Missile System (NASAMS), enhancing its capabilities to counter evolving threats. The radar system uses advanced technologies like active electronically scanned arrays (AESA) and military-grade gallium nitride (GaN) to improve detection, targeting, tracking, and overall performance.

Browse Full Report @

https://www.thebusinessresearchcompany.com/report/air-defense-radar-global-market-report

Key Segments -

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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

"Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model "

"Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps"

This release was published on openPR.