
Published On: Dec 2023
Published On: Dec 2023
At 4.8% CAGR, the North America Air Defense Radar Market is projected to be worth US$ 3,841.02 million by 2030, says Business Market Insights
According to Business Market Insights research, the North America air defense radar market was valued at US$ 2,635.08 million in 2022 and is expected to reach US$ 3,841.02 million by 2030, registering a CAGR of 4.8% from 2022 to 2030. Rise in number of contracts for supply of air defense radar, continuous rise in defense spending, and rising adoption of unmanned aerial vehicles are among the critical factors attributed to the North America air defense radar market.
Unmanned aerial vehicles (UAVs) pose new challenges to air defense systems due to their small size, low radar cross-section, and ability to fly at low altitudes. The increasing use of UAS for various purposes, including surveillance, weapon delivery, and disruption, poses a global threat. Air defense radar systems play a crucial role in detecting and tracking UAVs, providing early warning and situational awareness. The increasing adoption of UAVs necessitates the deployment of advanced radar systems with improved detection capabilities to effectively counter these threats. Counter-UAV systems often consist of a combination of sensors, including radar, electro-optical/infrared (EO/IR) sensors, and electronic warfare capabilities. Air defense radar systems serve as a critical component within these integrated counter-UAV systems, providing essential detection and tracking capabilities. As the threat from UAS becomes more evident, governments and defense organizations worldwide are prioritizing the development and acquisition of air defense systems to counter this evolving threat. In April 2023, the US Army signed a contract worth US$ 237 million with Raytheon Technologies for the supply of Ku-band Radio Frequency Sensors and Coyote effectors to detect and defeat unmanned aircraft. The KuRFS radar systems provide enhanced detection capabilities specifically designed to detect UAS threats. These radar systems utilize advanced technologies to identify and track UAS targets, allowing for early warning and timely response. Thus, the investment in UAS defense systems provides opportunities for radar system manufacturers and suppliers.
On the contrary, threat of jamming and spoofing hampers the North America air defense radar market.
Based on function, the North America air defense radar market is segmented into synthetic aperture radar and moving target indicator radar, surveillance radar, airborne early warning radar, multi-functional radar, weather radar, and others. The synthetic aperture radar segment held 30.7% share of North America air defense radar market in 2022, amassing US$ 807.95 million. It is projected to garner US$ 1,114.33 million by 2030 to expand at 4.1% CAGR during 2022–2030.
Based on range, the North America air defense radar market is segmented into short range, medium range, and long range. The long-range segment held 46.2% share of North America air defense radar market in 2022, amassing US$ 1,217.84 million. It is projected to garner US$ 1,653.67 million by 2030 to expand at 3.9% CAGR during 2022–2030.
Based on system type, the North America air defense radar market is segmented into fixed radar, portable radar. The fixed radar segment held 64.5% share of North America air defense radar market in 2022, amassing US$ 1,698.48 million. It is projected to garner US$ 2,415.53 million by 2030 to expand at 4.5% CAGR during 2022–2030.
Based on platform, the North America air defense radar market is segmented into ground-base, aircraft-mounted, and naval based. The ground-based segment held 48.1% share of North America air defense radar market in 2022, amassing US$ 1,268.35 million. It is projected to garner US$ 1,831.33 million by 2030 to expand at 4.7% CAGR during 2022–2030.
Based on application, the North America air defense radar market is segmented into ballistic missile defense, identification friend or foe, weather forecasting, and others. The identification friend or foe segment held 51.1% share of North America air defense radar market in 2022, amassing US$ 1,346.56 million. It is projected to garner US$ 2,065.69 million by 2030 to expand at 5.5% CAGR during 2022–2030.
Based on country, the North America air defense radar market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 83.9% share of North America air defense radar market in 2022. It was assessed at US$ 2,210.77 million in 2022 and is likely to hit US$ 3,268.71 million by 2030, exhibiting a CAGR of 5.0% during 2022–2030.
Key players operating the North America air defense radar market are BAE Systems Plc, General Dynamics Corp, Honeywell International Inc, Leonardo SpA, Lockheed Martin Corp, Northrop Grumman Corp, Raytheon Technologies Corp, Saab AB, and Thales SA, among others.
.Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com