Air & Missile Defense Radar Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

The global air and missile defense radar market is expected to witness high growth due to an increased need for larger radar footprints across Europe, East Asia, and the Middle East. Growing missile threats in Asia Pacific and the Middle East coupled with increased technological innovations in ballistic missile systems is expected to augment Air and Missile Defense Radar demand. Strengthening defense is a crucial aspect for countries globally in the wake of constant terrorist activity and encroachment. This has resulted in increased investments by several governments to procure and develop Air and Missile Defense Radar systems, which help in serving as an early-warning media to spot approaching missiles from long distances, ground control interceptions, and surveillance.

Over the last few years, countries have incorporated x-band radar in their naval platforms for improving long-range detection and tracking of ballistic missiles. Technological advancements in radars have considerably helped airborne radar, marine radar, and military radar systems to detect and track unauthorized aircraft, ships, and land-based vehicles. The development of dual-band radar and multi-mission phased array radar is expected to favorably impact market growth over the forecast period.

The U.S., Russia, and Israel constitute the major Air and Missile Defense Radar manufacturing hubs. The Air and Missile Defense Radar market has a high growth potential in Western Asian countries, such as Israel and Iraq, which continuously strengthen their aerial and missile defense to counter the constant threat of missiles and nuclear attacks. Even though manufacturers successfully test these systems, their real-time deployment in war zones is limited, which poses a challenge to market growth. These systems are quite costly to procure and deploy which may restraint the market, as countries having budget constraints face difficulties in installing them.

The Air and Missile Defense Radar market is characterized by joint ventures between market players in order to achieve technological advancement. Key vendors in the marketplace include Thales, SAAB, Rockwell Collins, Raytheon, Northrop Grumman, and Lockheed Martin. Other vendors include Kelvin Hughes, Israel Aerospace Industries, Honeywell International, Finmeccanica, Exelis, Cobham, Boeing, BAE Systems, and Airbus Group.