Europe Air Defense Radar Market Forecast to 2030 - Regional 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-Functi

Europe Air Defense Radar Market Forecast to 2030 - Regional 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), and Application (Ballistic Missile Defense, Identification Friend or Foe, Weather Forecasting, and Others)

The Europe air defense radar market is expected to grow from US$ 1,433.41 million in 2022 to US$ 1,920.51 million by 2030. It is estimated to grow at a CAGR of 3.7% from 2022 to 2030.

Rise in Number of Contracts for Supply of Air Defense Radar Fuel the Europe Air Defense Radar Market

Vendors operating in the Europe Air Defense Radar Market are majorly focusing on collaborating with different governments and armed forces to understand their respective demands and provide them with reliable solutions. The armed forces of various countries are also providing several contracts to air defense radar manufacturers for the procurement of various defense systems. Moreover, the armed forces across different countries are investing significantly in procuring air defense systems such as surface-to-air missile systems, integrated air defense systems, fighter aircraft, naval defense systems, early warning systems, and border surveillance systems. Radar systems are fundamental components of comprehensive air defense systems. They enable armed forces to detect, track, and identify airborne threats such as aircraft, missiles, and drones. Thus, the increasing procurement of air defense systems is a major factor aiding the growth of the Europe air defense radar market.

Europe Air Defense Radar Market Overview

The Europe Air Defense Radar Market is sub segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe. The rise in military expenditure across the European countries is one of the major factors catalyzing the Europe Air Defense Radar Market expansion across the region.

The ongoing conflict between Russia and Ukraine has prompted a shift in defense priorities for a few European nations. As part of the NATO alliance, European countries have shown solidarity with Ukraine and increased their support to reinforce NATO's eastern flank. This has involved boosting defense spending to meet NATO commitments and enhance collective defense capabilities. The conflict has prompted greater collaboration among European nations in defense cooperation and joint capability development. This includes joint procurement projects, information sharing, and increased interoperability, which may require additional defense funding. In July 2023, the Ministry of Defence awarded BAE Systems a US$ 978.09 million contract to deliver a new radar for the Royal Air Force's Typhoon fighter jet fleet. The contract involves the development and integration of the European Common Radar System Mk2 radar onto the Typhoon aircraft. Similarly, in June 2023, the French defense ministry, the Ukrainian defense ministry, and Thales signed a contract to deliver a comprehensive short-range air defense system. The system will comprise several essential components, including a GM200 radar, a command-and-control center, a radio communications system, and air target designators. Such joint procurement projects, partnerships, and collaborations are anticipated to drive the Europe Air Defense Radar Market further.

Europe Air Defense Radar Market Revenue and Forecast to 2030 (US$ Million)

Europe Air Defense Radar Market Segmentation

The Europe air defense radar market is segmented into function, range, system type, platform, application, and country.

Based on function, the Europe air defense radar market is segmented into synthetic aperture radar and moving target indicator radar, surveillance radar, airborne early warning radar, multi-functional radar, weather radar, and others. The synthetic aperture radar and moving target indicator radar segment held a largest share of the Europe air defense radar market in 2022.

Based on range, the Europe air defense radar market is segmented into short range, medium range, and long range. The long range segment held the largest share of the Europe air defense radar market in 2022.

Based on system type, the Europe air defense radar market is segmented into fixed radar, and portable radar. The fixed radar segment held the larger share of the Europe air defense radar market in 2022.

Based on platform, the Europe air defense radar market is segmented into ground-base, aircraft-mounted, and naval based. The ground-base segment held the largest share of the Europe air defense radar market in 2022.

Based on application, the Europe air defense radar market is segmented into ballistic missile defense, identification friend or foe, weather forecasting, and others. The identification friend or foe segment held the largest share of the Europe air defense radar market in 2022.

Based on country, the Europe air defense radar market is segmented int o Germany, France, Italy, the UK, Russia, and the Rest of Europe. Russia dominated the Europe Air Defense Radar Market in 2022.

BAE Systems Plc, General Dynamics Corp, Honeywell International Inc, Israel Aerospace Industries Ltd, Leonardo SpA, Lockheed Martin Corp, Northrop Grumman Corp, Raytheon Technologies Corp, Saab AB, and Thales SA are some of the leading companies operating in the Europe air defense radar market.

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