0 items USD 0.00World's Top 10 Military Airborne Radar Manufacturers and Global Market Insight
The Military Airborne Radar Market consists of five categories: airborne fire-control radar, airborne early warning radar, airborne ground surveillance radar, airborne maritime surveillance radar, and auxiliary radar.
Leading Military Airborne Radar Manufacturers in World
- Northrop Grumman Corporation
- Lockheed Martin Corporation
- Israel Aerospace Industries
- BAE Systems plc
- Saab AB
- L3 Harris
- The Raytheon Company
- Leonardo S.p.A.
- Griffon Corporation
- ASELSAN A.艦.听
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Global Military Airborne Radar Market Insights听
The Global Military Airborne Radar market values USD 2.9 billion in 2019 and will grow at a CAGR of 3.84%, to value USD 4.2 billion by 2029. The cumulative market for global expenditure on airborne radars will reach USD 36 billion over the forecast period.
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Expenditure growth drivers are the increasing need for early threat detection and situational awareness, technological innovations in the weapon industry, internal and external security threats, territorial disputes, and upgrading initiatives undertaken by military forces across the world.
North America will dominate the sector with a share of 40.2%, followed by Asia-Pacific and Europe, with shares of 27% and 19.8%, respectively. The airborne fire-control radar segment is expected to be the leading segment with a share of 50.1%.听
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Currently, market-wise, North America is leading the global military airborne radar market and is projected to reach a cumulative monetary value of USD 14.5 billion by 2029. New programs such as Air and Missile Defense Radar (AMDR), procurement of AN/TPS-63, AN/TPS-59, and AN/TPS-80 radar systems, Three-Dimensional Expeditionary Long-Range Radar (3DELRR) program, Space Fence program, and Acoustic Rapid COTS Insertion (A-RCI) program are inducing heavy demand within the North America military airborne radar market.
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The Global Military Airborne Radar Market 2019-2029 report offers prospective investment areas based on a detailed trend analysis of the global military airborne radar market over the next ten years
Gain insights and analysis of the competitive landscape of the global military airborne radar market. It provides an overview of key players, together with information regarding key alliances, strategic initiatives, and financial analysis
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The Asia Pacific region is projected to be the second-largest spender in the military radar market over the forecast period and forecast to grow at a CAGR of 6.77%, to reach a cumulative value of USD 9.7 billion by 2029. China's ongoing territorial disputes with its neighbors are identified as the major force behind the market growth.听
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Disclaimer: The article has been compiled based on the data provided in " The Global Military Airborne Radar Market 2019-2029" report.
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About The Author
Sudeep Chakravarty
