Global Military Man-Portable Radar System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Military Man-Portable Radar System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Man-portable radar is a type of lightweight surveillance radar system which does not require vehicle support to transport or operate. Man-portable radar was developed to introduce radar to remote areas where vehicle support is not feasible. Military man-portable radar systems are highly used in the defense sector, which is used in defense applications to detect air, land, and sea threats, such as missiles, ships, aircraft, and spacecraft.

Market Overview:

The latest research study on the global Military Man-Portable Radar System market finds that the global Military Man-Portable Radar System market reached a value of USD 2094.5 million in 2022. It’s expected that the market will achieve USD 2921.0 million by 2028, exhibiting a CAGR of 5.7% during the forecast period.

Market Drivers

Radar is an essential component of the surveillance systems of the global militaries. The growing territorial disputes and threats from adversaries are propelling several countries to invest heavily in their surveillance systems to reduce dependency and detect intrusion and respond quickly. As countries around the world seek to increase their defence monitoring capabilities, demand for military man-portable radar equipment has continued to rise. The market for many types of military products, including man-portable radar systems, is being driven by factors such as increased defence budgets and growing worries about border security due to socio-political disagreements among governments in various regions of the world.

Since the United Nations was founded 75 years ago, the nature of conflict and violence has changed dramatically. Conflicts are now less lethal and more frequently fought between domestic groups rather than states. Homicides are growing increasingly common in some regions of the world, while gender-based violence is on the rise worldwide. Interpersonal violence's long-term influence on development, especially violence against children, is increasingly becoming more well recognized. Separately, improvements in technology have sparked fears about lethal autonomous weapons and cyber-attacks, as well as the weaponization of bots and drones and the live streaming of terrorist assaults. There has also been an increase in criminal behavior, such as data hacking and ransomware. Meanwhile, international cooperation is strained, reducing the global capacity for preventing and resolving all types of conflict and violence.

Furthermore, the Middle East has been a conflict-prone region for a long time due to border conflicts and tensions in Saudi Arabia, Iraq, and Syria. The uncertainty in regional power and local disputes has led to an increase in importing arms in the region. Rising cross-border conflicts, procurement of next-generation weapons, and political unrest among neighboring countries boost the market growth. These concerns have led to an increase in defense expenditure and procurement of military radars to detect threats, which are expected to fuel the military man-portable radar system market growth.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

Thales Group is one of the major players operating in the Military Man-Portable Radar System market, holding a share of 8.22% in 2022.

Thales Group is a French multinational company that designs and builds electrical systems and provides services for the aerospace, defence, transportation and security markets. The company is headquartered in Paris' business district, La Défense and its stock is listed on the Euronext Paris.

Leonardo S.p.A., formerly Leonardo-Finmeccanica and originally Finmeccanica, is an Italian multinational company specialising in aerospace, defence and security. Headquartered in Rome, Italy, the company has 180 sites worldwide.

Segmentation Overview:

Among different product types, Search Detection Radar System segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Land Army segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Military Man-Portable Radar System market covered in Chapter 3:

FLIR Systems Inc.
SRC, Inc.
Blighter Surveillance Systems Ltd.
SpotterRF
IAI
Thales Group
Elbit Systems Ltd.
Leonardo S.p.A
Rostec
Harris Corporation
Meteksan Savunma

In Chapter 4 and Chapter 14.2, on the basis of types, the Military Man-Portable Radar System market from 2018 to 2029 is primarily split into:

Search Detection Radar System
Target Acquisition Radar System
Air Defence Radar System

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Military Man-Portable Radar System market from 2018 to 2029 covers:

Air Force
Land Army
Navy

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)