World's Top 10 Military Airborne Radar Manufacturers and Global Market Insight

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.

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%. 

 

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.

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.