The Global Air & Missile Defense Radar Market size was estimated at USD 9.35 Billion in 2020 and expected to reach USD 10.09 Billion in 2021, at a Compound Annual Growth Rate (CAGR) of 8% from 2021 to 2027 to reach USD 15.04 Billion by 2027.
The air and missile defense radar, also known as the AN/SPY-6, provides ground warfare capabilities as well as air and missile defense capabilities. The system consists of two basic radars: an X-band radar and an S-band radar, the former used for precision tracking, missile communications, horizon navigation, and terminal target illumination. S-band radar is used for tracking, volume detection, and ballistic missile defense identification, and similarly to X-band, it also provides missile communication. Air and missile defense radars can additionally conduct electronic attacks due to the AESA antenna.
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Market Segments
By Range
- Short-range
- Medium range
- Long-range strategic system
By Platform
- Ground-based
- Naval-based
- Airborne
By Application
- Conventional
- Ballistic missile defense
Key Players
The leading vendors and innovation profiles in the Global Air & Missile Defense Radar Market, including Airbus Group, Almaz-Antey, BAE Systems, Finmeccanica SPA, General Dynamics, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Reutech Radar Systems, SAAB Group, and Thales Group.
Scope of the Report
The research study analyzes the global Air and Missile Defense Radar industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Air and Missile Defense Radar Market Report
1. What was the Air and Missile Defense Radar Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Air and Missile Defense Radar Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Air and Missile Defense Radar Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Air and Missile Defense Radar market.
- The market share of the global Air and Missile Defense Radar market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Air and Missile Defense Radar market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Air and Missile Defense Radar market.
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