The global military radar market attained a value of USD14.66 billion in 2019 and the market is poised to reach a value of USD 24.36 billion by 2027, with a CAGR of 7.52% during the forecast period. Radar is used in defense applications for detecting threats across the platform. Increasing concerns about strengthening defense capabilities and growing defense procurement are expected to boost the market growth. Increased defense spending in emerging markets such as the Asia-Pacific and the Middle East is due to the ongoing need to monitor increasing terrorist activity coupled with geopolitical tensions. In 2018, countries such as China, India, and Israel spent USD 175.8 billion, USD 64.5 billion, and USD 15.5 billion, respectively. This is driving the growth of the market significantly. The market is segmented into Platform, application, frequency, and range. Based on the platform there are Ground Radar, airborne Radar, and Naval Radar. Based on the range there are Long, Short, Medium, and Very Short. Based on application weapon Guidance, Airborne Mapping., Airspace Monitoring & Traffic Management. Based on Frequency there are C-Band, X-Band, S-Band, L-Band, UHF/VHF. Based on the Component there are Transmitter, Antenna, and Receiver.
Radar manufacturers are focused on developing and innovating more accurate radar systems. The market is shifting to the introduction of the latest active electronically scanned array radar. These types of radar can be controlled by software to change and optimize the target without changing the hardware. The development of solid-state technologies such as gallium nitride has given birth to a new generation of AESA radars. Next-generation radars, such as Raytheon’s low-rise air defense missile defense sensor (LTAMDS) and SAAB AB’s AESA gallium nitride (GaN) radar, offer a wide range of superior target detection capabilities. Increased spending on research and development (R & D) and new product development are supporting the demand for new radar technologies. The demand for next-generation radar is increasing with evolution in cyber and electronic battlefields.
Military and space radars must be built for harsh weather conditions, so the research and development of these radars are expensive. Also, the cost of spare parts and other components has increased due to the economic downturn and the outbreak of COVID-19. The market growth is expected to be slow as European countries such as the UK and Russia cut defense spending due to the economic crisis.
MIMO Radar Multi-Input Multi-Output Radar (MIMO), developed to overtake traditional phased array radar, has multiple antennas that broadcast arbitrary waveforms and is equipped with a digital receiver. MIMO radar was developed to reduce the weight, performance, size, and cost of traditional AESA (Active Electronically Scanned Array) radar. These radars use a 3D range with multiple transmit and receive antennas that can be operated at different frequencies. This new MIMO radar technology, with its increased resilience, can outperform traditional Active Electronically Phased Array (AESA) systems for ground-based radar applications and drive market trends in military radar systems.
Major players such as Lockheed Martin Corporation maintain their leadership in this market using a fully digital environment. Lockheed Martin Corporation is a leader in the military radar market with a broad product portfolio. The company is focused on expanding its capabilities through strategic acquisitions and partnerships. In addition, the company will implement automation and use augmented reality and Internet of Things (IoT) technologies to build digital radar sensors and fully digitize the environment of the future. This digital automation should open up future opportunities for the company.