Stratview Research delivers key insights on the global Military Radars Market. According to Stratview Research, the military radars market is driven by a host of factors, some of which are noted below:

·         Increasing security concerns partnered with increasing defense budgets.

·         Technological boost is positively impacting the industry and leading towards the development of lightweight radars.

·         A high demand for military radar systems has been created by strategic mergers of industry players and an increased emphasis on border protection activities.

Market Insights

The report suggests that the overall Military Radars Market was estimated at US$ 14.3 Billion in 2021 and is expected to grow at a CAGR of 4.5% during 2022-2028 to reach US$ 19.1 Billion in 2028.

Market Segments' Analysis

Dimension Trends

The market is segmented into 2D radars, 3D radars, and 4D radars. The 3D radars segment accounts for the largest market share in 2021.

Services Trends

The market is segmented as installation/integration, support and maintenance, and training and consulting. The installation/integration segment will account for the largest market share in 2021. 

Technology Trends

The market is segmented as software-defined radar (SDR), quantum radar, and conventional radar. The software-defined radar segment account for the largest market share in 2021, attributed to the high adoption of new-generation air and missile defense systems.

Key Players

The following are some of the key players in the military radars market:

• Northrop Grumman Corporation

• Thales Group

• Lockheed Martin Corporation

FREQUENTLY ASKED QUESTIONS

The report answers several questions related to the market. The user can get to know the answers to the following questions…

-          What is the global demand for military radars market in terms of revenue?

-          Which are the prominent players in the market?

-          At what CAGR is the market projected to grow within the forecast period?

-          What are the driving factors fuelling the growth of the market?

-          Which region accounted for the largest share in the market?

-          How did the Covid19 impacted the market?

-          How long will it take to recover from the Covid impact?

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