The military radars market is estimated to be USD 13.1 billion in 2017 and is projected to reach USD 15.4 billion by 2022, at a CAGR of 3.38% from 2017 to 2022.
The growth in the defense expenditure of emerging economies, such as China, India, and Saudi Arabia is expected to offer several growth opportunities for stakeholders in the military radars market. This, combined with increasing R&D activities on solid-state electronics for the development of military radars with longer detection range, is expected to propel the growth of the market across the globe during the forecast period from 2017 to 2022.
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Key Market Dynamics:
Developments in solid-state electronics, such as Gallium Nitride (GaN), have led to the emergence of a new generation of Advanced Electronically Scanned Array (AESA) radars. These radars have better target detection capabilities and the ability to track multiple targets. They also have a longer range and multi-function capabilities compared to the previous vacuum-tube based radars. These capabilities have led to their large-scale adoption, with obsolete TWT and klystron-based radars being replaced by these new systems. Various emerging countries, such as India, Russia, and China are developing new AESA radars for aerial, naval, and land-based platforms. For instance, Russia has developed the Zhuk Phazotron AE radar for use in the MiG-35 aircraft, which is an upgraded variant of the MiG-29. India has also upgraded its fleet of Jaguar fighter aircraft with new Israeli ELM-2052 AESA radars.
Military radars require heavy R&D funding for their development. Also, huge costs are involved in incorporating these systems into the defense network of any nation. Military radars have to be integrated with various fire control systems, command and control systems, missiles, and anti-aircraft guns, among other systems. Apart from the development, the launch and maintenance of these systems are also expensive. Thus, the high cost, as well as time required for the development and deployment of these systems, prove to be a restraint on the growth of the military radars market. For instance, in 2014, the US spent USD 1 billion for the development and installation of a missile defense radar in Alaska.
Developments in new generation missiles with high-end technologies are a big threat to strategic installations and platforms, such as military airbases and ships. These developments include nuclear-capable ballistic missiles and high-speed cruise missiles. Nuclear ballistic missiles have the ability to destroy various cities and lives. Various nations are developing such advanced weapons capable of defeating high-end air defense systems like Medium Extended Air Defense System (MEADS), Patriot Advanced Capability-3 (PAC-3), and S-400. Countries like India, China, and Russia have developed hypersonic missiles that are difficult to be intercepted by missile shields. For instance, India and Russia have jointly developed the BrahMos missile which is difficult to engage by missile defense shields. These developments have led to the requirement for a new generation of high-speed air defense radar systems.
The introduction of various jamming techniques can seriously affect the performance of radars. Electronic jamming techniques, such as barrage jamming, sweep jamming, and spot jamming, lead to the blocking of certain frequencies. Digital Radio Frequency Memory Techniques (DRFM) have led to the development of deceptive jamming techniques by creating false targets. Hence, modern radars have to be tested for jamming resistance in Radar Environmental Simulators (RES). These new radar-jamming techniques significantly increase the research and development cost of designing radar systems.
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Key Market Players:
Saab (Sweden), Israel Aerospace Industries (Israel), Raytheon (US), Northrop Grumman (US), Thales (France), Hensoldt (Germany), Lockheed Martin (US), Terma (Denmark), and BAE Systems (UK), among others
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