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Global military radars market expected to reach at $15.7 bn by 2025: Report

The report predicts an increase of $15.7 billion in the global military radars market
The report predicts an increase of $15.7 billion in the global military radars market

US: Strategic Defence Intelligence has brought out its report on Global Military Radars Market. The report predicts the global military radar market is expected to increase to US$15.7 billion by 2025, at a CAGR of 1.81% during the forecast period. The global military radar market is projected to expand at a considerable pace over the coming years owing to the urgent need for improved security services and equipment.

A report added to the extensive repository of Market Research Hub states that the military radar market contributes significantly to the overall defense industry and is likely to continue doing so in the coming years. The 42-page report also provides in depth study on spending patterns and modernization techniques in various regions of the globe. One of the key factors driving the growth of the military radar market is the rising number of lightweight radars and navigation radars used by unmanned aerial vehicles (UAVs).

In addition to this, the development of technologies such as software-embedded radio systems and high-frequency services to keep up with the rising demand for secure and fast military communication has fueled the military radar market. Other factors contributing to the growth of the global market include the rising of radars for coastal and border surveillance in Asia Pacific, the modernization of warfare and equipment as well as air defense networks, and the development of advanced technologies such as active electronically scanned array (AESA).

The report offers a detailed outlook on the global military radar market by dividing the research study into several chapters. The chapter on the regional analysis of the military radar market sheds light on the performance and contribution of key segments such as Asia Pacific, North America, Africa, Latin America, Europe, and the Middle East. According to the report, the Middle East and Asia Pacific are two of the leading markets for military radars.

Browse full report here