Air and Missile Defense Radar Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Air and Missile Defense Radar Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Air and Missile Defense Radar Market

The air and missile defense radar market size was valued at USD 6.62 billion in 2021, and the market is now projected to grow from USD 7.04 billion in 2022 to USD 10.99 billion by 2029, exhibiting a CAGR of 6.57% during the forecast period of 2022-2029.

The air and missile defense radar market growth was obstructed due to the various restrictions due to the pandemic. Various nations have revised their purchasing strategy and altered their preferences in the COVID-19 impact. The supply chain disruption and obligation of lockdown have halted the manufacturing units and caused lack of raw material. The original equipment manufacturer has faced major issues in carrying out ongoing projects on time.

The progress in hypersonic missiles has extended the air and missile defense radar market share globally. Countries for instance the U.S., Russia, and China have posed major challenges to the detection of high-speed objects earlier than the contact. Furthermore, the increasing cross-border tensions and rising defense budget are propelling the market expansion.

The trend is technological advancements in fully/hybrid digital beam forming is propelling the market growth. The accomplishment of fully/hybrid beam forming for tracking targets in azimuth and elevation are recent technical innovations in AMDR. The analog to digital converters installed in the device improved the range of target detection and operating flexibility. The development in Gallium Nitride (GaN) laid the foundations for inexpensive, lightweight, and compacted systems for AMDR.

Comprehensive Analysis of Air and Missile Defense Radar Market

The air and missile defense radar market and aerospace & defence industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the aerospace & defence industry. These segmentations are methodically segregated by platform, radar type, and application. The platforms involve airborne, land, and naval. The radar types comprise X band and S band. The applications include conventional and ballistic missile defense.

The North American region is conducive to the global air and missile defense radar market, leading to a recall of USD 2.12 billion because growth of the marine sector is endorsed to improving a fleet of destroyers and high investment of the U.S. navy in the procurement.

The top players in the market play a crucial role in the aerospace & defence industry assuring industrial prospectus growth and setting market standards. These players include Raytheon Technologies Corporation (U.S.), Hensoldt AG (Germany), Israel Aerospace Industries (Israel), Leonardo S.P.A. (Italy), Lockheed Martin Corporation (U.S.), Terma (Denmark), Northrop Grumman Corporation (U.S.), Rheinmetall AG (Germany), SAAB AB (Sweden), and Thales Group (France), these market players provide a level-playing competitive landscape.

In October 2022, Kuwait obtained the National Advanced Surface-to-Air Missile System (NASAMAS) at USD 3 billion from the U.S. in an auction. Kongsberg Defense and Aerospace and Raytheon Technologies have manufactured NASAMAS as a joint venture.

Segmentation Table

Global Air and Missile Defense Radar Market Scope

ATTRIBUTE DETAILS

Study Period 2018-2029

Base Year 2021

Estimated Year 2022

Forecast Period 2022-2029

Historical Period 2018-2020

Unit Value (USD Billion)

Segmentation By Platform, By Radar Type, By Application, and By Region

By Platform

Airborne

Land

Naval

By Radar Type

X Band Radars

S Band Radars

By Application

Conventional

Ballistic Missile Defense

By Region

North America (By Platform, By Radar Type, By Application, and By Country)

U.S. (By Platform)

Canada (By Platform)

Europe (By Platform, By Radar Type, By Application, and By Country)

U.K. (By Platform)

Germany (By Platform)

France (By Platform)

Italy (By Platform)

Russia (By Platform)

Rest of Europe (By Platform)

Asia Pacific (By Platform, By Radar Type, By Application, and By Country)

China (By Platform)

Japan (By Platform)

India (By Platform)

South Korea (By Platform)

Rest of Asia Pacific (By Platform)

Middle East & Africa (By Platform, By Radar Type, By Application, and By Country)

UAE (By Platform)

Saudi Arabia (By Platform)

Israel (By Platform)

Rest of Middle East & Africa (By Platform)

South America (By Platform, By Radar Type, By Application, and By Country)

Brazil (By Platform)

Argentina (By Platform)

Rest of South America (By Platform)

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