Air Defense Radar Market Report – Size & Share 2030

Air Defense Radar Market Forecast to 2030 - Global Analysis by range (long range, medium range, and short range), product type (synthetic aperture and moving target indicator radar, surveillance radar, airborne early warning radar, multi-functional radar, weather radar, and others), system type (fixed and portable), platform (ground-based, aircraft-mounted, and naval-based), application (ballistic missile defense, identification friend or foe, weather forecasting, and others), and geography

Publication Month : Aug 2023

  • Report Code : TIPRE00011971
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 223
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[Research Report] The air defense radar market is projected to reach US$ 9,368.34 million by 2030 from US$ 6,490.41 million in 2022. It is expected to grow at a CAGR of 4.7% during 2022–2030.

 

Analyst Perspective:

Changing modern warfare systems have been urging governments across the world to allocate higher funds toward respective military forces. The military budget allocation enables defense forces to procure advanced technologies and equipment from domestic or international manufacturers. Similarly, soldier and military vehicle modernization practices are on the rise across numerous countries. With the need to strengthen military forces with advanced technologies, armaments, artilleries, and vehicles, among others, defense forces across the world are investing substantial amounts in state-of-the-art products mentioned above. A continuous urge to procure new technologies for combat and noncombat operations by defense forces is further boosting defense spending across the world.

 

Impact of COVID-19 Pandemic on Air Defense Radar Market Growth:

In the military sectors, the COVID-19 pandemic led to the temporary discontinuation of operations across various production facilities and hampered the procurement of air defense radars. The pandemic has significantly affected various industries, including defense. It severely impacted the air defense radar market due to supply chain disruptions, budget reallocations, and delayed procurement decisions. Also, travel and transportation restrictions disrupted raw material supply, which resulted in a further slowdown in production in different industries. Which slowed down the process of air defense radar market.

Air Defense Radar Market Driver

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Air Defense Radar Market: Strategic Insights

air-defense-radar-market
Market Size Value inUS$ 6,490.41 million in 2022
Market Size Value byUS$ 9,368.34 million by 2030
Growth rateCAGR of 4.7% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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Emergence of Network-Centric and Modern Warfare

Network-centric warfare relies on the rapid sharing, fusion, and analysis of data gathered from multiple sources. Air defense radar systems generate essential data for fusion and correlation by using inputs from other sensors and intelligence sources. This facilitates the development of a comprehensive and accurate air picture, enabling more precise threat assessments and target engagements. Thus, network-centric warfare and modern warfare concepts emphasize enhanced situational awareness, integrated defense systems, rapid data sharing, improved target engagement, electronic warfare capabilities, and adaptability to evolving threats. Thus, the growing adoption of network-centric and modern warfare in the air defense radar market is driving further developments in advanced radar technologies to support effective air defense in modern operational environments.

The increasing need for better situational awareness and threat detection capabilities is one of the major factors driving the growth of the air defense radar market. These radar systems provide real-time information about incoming objects' location, speed, and trajectory, enabling faster response time and effective countermeasures. Further, advancements in radar technology contribute significantly to the air defense radars market growth. The development of phased array radar systems, solid-state radar technology, and advanced signal processing techniques has improved the performance and capabilities of air defense radars. These innovations offer extended range, higher detection accuracy, improved jamming resistance, and enhanced electronic counter-countermeasures (ECCM) capabilities. Thus, the demand for advanced air defense radars is likely to increase, which is expected to offer ample growth opportunities for the air defense radar market players in the coming years.

Segmental Analysis:

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Based on product type, the air defense radar market is segmented into synthetic aperture radar and moving target radar, surveillance radar, airborne early warning radar, multi-functional radar, weather radar, and others. The combination of Synthetic-aperture radar (SAR's) ability of high-resolution imaging of stationary targets and moving target indicator (MTI's) ability to track moving targets offers comprehensive surveillance and intelligence capabilities, making them valuable in military and security operations. Surveillance radar systems provide critical situational awareness; enhance airspace and maritime security; and assist in coastal surveillance, border protection, and marine domain awareness, among others. AEW radar systems provide early warning capabilities, enabling defense forces to detect and respond to threats before they reach critical ranges. Regional security concerns and the need for enhanced surveillance drive the adoption of AEW radar systems. Multifunctional radar systems integrate multiple capabilities, such as surveillance, tracking, target acquisition, and fire control, into a single platform, improving operational efficiency, situational awareness, and resource utilization. Weather radar systems are crucial for aviation, maritime, and defense applications, providing real-time weather information for safe operations, risk mitigation, and decision-making.

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Regional Analysis:

Countries in APAC cumulatively invested US$ 54.14 billion in military technologies in 2022. In the same year, APAC held 1,312 units of regional fleets. Apart from this, the region secured 99 units of military naval fleets. It held 11,646 units of regional aircraft fleets in 2022. Thales Group, Raytheon, Northrop Grumman, Israel Aerospace Industries, Saab, Bharat Electronics Limited, L3Harris Technologies, HENSOLDT, and NEC Corporation are among the key players operating in the APAC air defense radar market. Overall, the air defense radar market in APAC is expected to grow owing to the growing demand for air defense radars due to factors such as rising spending on the defense sector and advancements in radar technology.

Air Defense Radar Market Player Analysis:

The air defense radar market analysis is based on the company profiles of BAE Systems and General Dynamics Corporation, Honeywell International Inc., Israel Aerospace Industries Inc., Leonardo S.p.A, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, SAAB AB, and Thales Group, among others. Lockheed Martin Corporation and Raytheon Technologies Corporation are the top two air defense radar market players owing to the diversified product portfolio offered.

Recent Developments:

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the air defense radar market. A few recent key market developments are listed below.

  • In July 2023, BAE Systems received a support contract worth US$ 294 million from the Royal Navy, as a replacement of several existing contracts. Under the contract, BAE Systems engineers would provide maintenance support and upgrade existing radars, including a rollout of technology upgrades to systems already in use as well as those being installed on the Royal Navy’s new Type 26 frigates, which the company is currently building in Glasgow.
  • In April 2023, the United States Coast Guard (USCG) selected Honeywell’s IntuVue RDR-7000 weather radar system as an upgrade to existing systems on its Sikorsky MH-60 Jayhawk and Eurocopter MH-65 Dolphin multimission helicopters.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Range, Product Type, System Type, Platform, Application, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What is the estimated global market size for the Air Defense Radar Market in 2022?

The Air Defense Radar Market was estimated to be US$ 6,490.41 million in the year 2022 and is expected to grow at a CAGR of 4.7%, during 2022 - 2030.

What are the driving factors impacting the Air Defense Radar Market?

The increasing procurement of air defense systems is a major factor aiding the growth of the air defense radar market.

What are the future trends of the Air Defense Radar Market?

The ability to perform multiple tasks with a single system increases operational efficiency and cost-effectiveness. Thus, the market is witnessing the growing trend of miniaturized and low-cost radars development.

Which country is holding the major market share of Air Defense Radar Market?

The US held the largest market share in 2022, followed by China.

Which is the fastest growing region market?

APAC is anticipated to grow with the highest CAGR over the forecast period.

Which are the key players holding the major market share of Air Defense Radar Market?

The key players, holding majority shares, in air defense radar market includes Lockheed Martin Corporation, Raytheon Technologies, BAE Systems Plc, Northrop Grumman Corporation and SAAB AB.

The List of Companies - Air Defense Radar Market

  1. BAE Systems Plc
  2. General Dynamics Corp
  3. Honeywell International Inc
  4. Israel Aerospace Industries Ltd
  5. Leonardo SpA
  6. Lockheed Martin Corp
  7. Northrop Grumman Corp
  8. Raytheon Technologies Corp
  9. Saab AB
  10. Thales SA

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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