Military Radars Market Leads by 21% CAGR till 2034

Military Radars Market Size, Key Business Drivers and Strategic Imperatives

According to market projections, the military radars sector is expected to grow from USD 43.10 billion in 2024 to USD 289.96 billion by 2034, reflecting a CAGR of 21%. The military radars market is highly competitive, with key players like Israel Aerospace Industries, L3Harris, Leonardo, Lockheed Martin, Northrop Grumman, and Raytheon. These companies drive innovation to stay ahead. Lockheed Martin’s revenue rose from $67.57B in 2023 to $71.04B in 2024.

Last Updated: 01 April 2025 Category: Multi-modal Transport Insight Code: 1680 Format: PDF / PPT / Excel

Senior Research Analyst

Dr. Arjun Patel

Reviewed By

Aditi Shivarkar

The military radars market is projected to reach USD 289.96 billion by 2034, growing from USD 52.15 billion in 2025, at a CAGR of 21% during the forecast period from 2025 to 2034.

Military Radars Market Size 2023 -2034

Introduction

The military radars market is a prominent branch of the aerospace industry. This industry deals in developing radars for military expeditions. The components of these radars include transmitter, antenna, receiver, duplexer and some others. These radars are available in different frequencies such as C-band, S-band, X-band, L-band, UHF/VHF and some others. It is used for numerous military applications including weapon guidance, airspace monitoring & traffic management, airborne mapping, ground surveillance, navigation and some others. The rising defense expenditure in different parts of the world is crucial for the industrial expansion.  This market is expected to rise significantly with the growth of the defense sector across the world.

North America Military Expenditure in USD Billion (2022-23)

  • According to the SIPRI, the defense expenditure of North America was US$ 886.3 billion that increased to US$ 907.3 billion in 2023.

Highlights of the Military Radars Market

  • North America held the largest share of the military radars market due to increasing defense expenditure in this region.
  • Asia Pacific is expected to grow with the highest CAGR due to the rising warfare activities in this region.
  • The antenna segment held the largest share of the market due to the growing application of military radars in different parts of the world.
  • The land radar segment led the industry due to the rapid adoption of radar in land surveillance operations.

Key Metrics and Overview

Metric Details
Market Size in 2024 USD 43.10 Billion
Projected Market Size in 2034 USD 289.96 Billion
CAGR (2025 - 2034) 21%
Leading Region North America
Market Segmentation By Component, By Frequency, By Range, By Platform, By Application and By Region
Top Key Players Israel Aerospace Industries Ltd. (Israel), L3Harris Technologies, Inc. (U.S.), Leonardo S.p.A (Italy), Lockheed Martin Corporation (U.S.), Northrop Grumman Corporation (U.S.)
Market Drivers Rising defense expenditure, advancements in radar technology, increasing military conflicts

Military Radars: Stats and Figures

  • According to the SIPRI, the global military expenditure in 2023 was US$ 2393.6 billion.
  • According to the Lowy Institute Asia Power Index, the defense expenditure of China was US$ 373 billion in 2024.
  • According to the World Population Review, the military spending of Russia is US$12.6 billion in 2025.

Industry Leader Announcement

In September 2024, Andy Fraser, the CEO of Saab UK announced that, “We are immensely proud to support the British Army with our state-of-the-art TAIPAN systems. Our relationship with the Army and the Arthur system builds on years of experience extending back through service in Iraq and Afghanistan. The team at Saab looks forward to continuing our support for the UK as it become the first user of the new Arthur current generation and next generation systems.”

Geographical Insights

North America held the highest share of the military radars market. The rising adoption of anti-stealth VHF radar in military sector for detecting stealth aircrafts has driven the market expansion. Also, the growing defense expenditure in the U.S. and Canada along with rapid investment by governments in the military sector is crucial for the industrial growth. Moreover, the presence of various radar companies such as Honeywell International, Lockheed Martin Corporation, Raytheon and some others is fostering the market growth in this region.

Competitive Landscape

Military Radars Market Companies

The military radars market is a highly fragmented industry with the presence of several dominating players. Some of the prominent companies in this industry consists of Israel Aerospace Industries Ltd. (Israel), L3Harris Technologies, Inc. (U.S.), Leonardo S.p.A (Italy), Lockheed Martin Corporation (U.S.), Northrop Grumman Corporation (U.S.), Raytheon Technologies Corporation (U.S.) and some others. These companies are constantly engaged in developing radars for the military sector and adopting numerous strategies to maintain their dominance in this industry.

Lockheed Martin Revenue in USD Million (2023-24)

  • According to the annual report of Lockheed Martin, the revenue of the company in 2023 was US$ 67571 million that increased to US$ 71043 million in 2024.

Market Segmentations

By Component

  • Transmitter
  • Antenna
  • Receiver
  • Duplexer
  • Others

By Frequency

  • C-Band
  • S-Band
  • X-Band
  • L-Band
  • UHF/VHF
  • Ku/K/Ka-Band

By Range

  • Long
  • Medium
  • Short
  • Very Short

By Platform

  • Airborne Radar
  • Land Radar
  • Naval Radar

By Application

  • Weapon Guidance
  • Airspace Monitoring & Traffic Management
  • Airborne Mapping
  • Ground Surveillance & Intruder Detection
  • Navigation
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Share With : linkedin twitter facebook

About The Author

Dr. Arjun Patel is a distinguished expert in the automotive industry, holding advanced degrees in Automotive Engineering and Mechanical Engineering. His expertise spans automotive market dynamics, technological advancements, and sustainable practices. Dr. Patel excels in conducting in depth research and analysis on market trends, consumer preferences, and the economic implications within the automotive sector. He is renowned for his insightful publications on topics such as electric vehicles, autonomous driving technologies, and the evolution of sustainable transportation solutions. Dr. Patels research contributions have significantly advanced understanding in the field, earning him recognition as a leading authority in automotive research and analysis.

FAQ's

The military radars market was valued at USD 52.15 billion in 2025.

North America dominated this industry.

The rising defense expenditure in different parts of the world along with technological advancements in surveillance systems has boosted the market growth.

Some of the prominent players of this industry consists of BAE Systems plc. (U.K.), Hanwha Systems Co. Ltd. (South Korea), Hensoldt AG (Germany), Honeywell International Inc. (U.S.), Israel Aerospace Industries Ltd. (Israel), L3Harris Technologies, Inc. (U.S.), Leonardo S.p.A (Italy) and some others.

Ready to talk to a Towards Automotive consultant?

We offer automotive expertise for market projections and customizable research, adaptable to diverse strategic approaches.

Contact Us