Selbyville, Delaware , Feb. 19, 2024 (GLOBE NEWSWIRE) -- The military radar market size will be remunerated at over USD 25 million by 2032, as per a recent study by Global Market Insights Inc.
The industry growth is attributed to the advancements in technology. The constant evolution of radar systems with improved capabilities, such as enhanced target detection, tracking accuracy, and reduced interference, drives the demand for modern military radar solutions. Military forces worldwide seek cutting-edge radar technologies to stay ahead in terms of situational awareness and threat detection. In December 2023, SpaceX introduced a Falcon 9 rocket taking the satellites -SARah 2 & 3 for the German military. The twin crafts are designed with passive synthetic aperture radar reflectors.
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Moreover, the rise of asymmetric warfare and the need for effective countermeasures boost the innovative radar solutions. Military radar systems capable of detecting and tracking unconventional threats, such as unmanned aerial vehicles (UAVs) and stealthy aircraft, become essential in modern warfare scenarios. The integration of radar technologies with other defense systems enhances the overall capabilities of armed forces, driving the market growth as nations strive to maintain a technological edge in defense operations.
Enhanced security with airspace monitoring & traffic management
Military radar market share from airspace monitoring & traffic management segment is poised to record sustained demand through 2032, owing to the evolving security dynamics. Heightened threats from diverse aerial platforms, including drones and unmanned aerial vehicles (UAVs), necessitate sophisticated radar systems for comprehensive airspace surveillance. Military forces globally are increasingly investing in radar technologies that excel not only in threat detection but also in managing the complexities of modern airspace traffic. The integration of AI and data analytics, enable military radar systems to differentiate between friend and foe efficiently.
Surveillance capabilities over vast land territories
Military radar market from land segment is slated to grow at a significant pace through 2032, as ground-based radar systems provide an essential layer of defense, offering comprehensive surveillance capabilities over vast territories. Military forces prioritize land-based radar solutions for their ability to detect and track threats ranging from hostile aircraft to ground movements with high precision. The advancements in radar technology, enable systems with increased range, accuracy, and adaptability to diverse terrains. These radar installations help in border security, coastal defense, and critical infrastructure protection.
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Strategic advancements to push Asia Pacific market growth
Asia Pacific military radar market share is touted to expand at a rapid pace through 2032. Rising geopolitical tensions and territorial disputes fuel the demand for advanced military radar systems. Nations across Asia Pacific are actively modernizing their defense capabilities, investing in state-of-the-art radar technologies to fortify their strategic positions. Additionally, there is an escalating need for comprehensive situational awareness and swift response capabilities in the face of evolving security challenges. Technological innovations, such as phased array radar and integrated sensor networks, contribute to the regional market growth.
Some of the leading companies in the global military radar market are Aselsan A.S., Raytheon Technologies Corporation, BAE Systems plc, Lockheed Martin Corporation, Boeing Company, Israel Aerospace Industries and General Dynamics Corporation.
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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
