Air And Missile Defense Radar Market Is Set To Expand Significantly In Terms Of Revenue And CAGR By 2030
What Are The Projected Market Size And CAGR For The Air And Missile Defense Radar Market By The Conclusion Of 2029?
The air and missile defense radar market size has grown strongly in recent years. It will grow from $13.87 billion in 2025 to $14.92 billion in 2026 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to rising deployment of early-generation ballistic missile defense systems, increased military spending on enhancing radar-based situational awareness, adoption of 2D and 3D radars for fleet modernization programs, growing threat of regional missile proliferation driving procurement cycles, technological advancements in phased-array radar architectures.
The air and missile defense radar market size is expected to see strong growth in the next few years. It will grow to $19.86 billion in 2030 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to expansion of integrated air and missile defense modernization initiatives, rising demand for space-borne radars to improve global threat detection, increasing adoption of multi-mission radars with enhanced target discrimination, acceleration of R&D investments in next-generation gallium nitride (GAN)-based radar systems, growing emphasis on interoperability across allied defense radar networks. Major trends in the forecast period include growing adoption of multi-mission radar platforms, increased demand for long-range ballistic missile detection, advancements in phased-array radar technologies, integration of space-borne radars for extended situational awareness, rising deployment of mobile and modular air defense radar units.
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What Are The Main Market Drivers Shaping The Progression Of The Air And Missile Defense Radar Market?
The rising military expenditure around the globe is driving the air and missile defense radar market going forward. Military expenditure refers to the amount of money allocated to maintaining an armed force or other forms of defense, which is known as a military expenditure plan (or military expense) and is part of a country's defense budget. As countries increase their spending on military and defense, they are investing in advanced technologies such as air and missile defense radars to enhance their capabilities for detecting and intercepting incoming threats. In the military, fighter aircraft equipped with radar is used to track down and manage air-to-air missiles, rockets, and guns. For instance, in April 2024, according to an analysis by Stockholm International Peace Research Institute, a Sweden-based research institute focused on global security, in 2023, total global military spending reached $2.443 trillion, reflecting a 6.8 percent increase in real terms compared to 2022. Therefore, the rising military across the globe is driving the market for air and missile defense radar.
What Leading Segment Types Are Used To Analyze The Air And Missile Defense Radar Market?
The air and missile defense radar market covered in this report is segmented –
1) By Platform: Airborne, Land, Naval
2) By Radar Type: X Band Radars, S Band Radars
3) By Range: Short Range, Medium Range, Large Range
4) By Application: Conventional, Ballistic Missile Defense
Subsegments:
1) By Airborne: Fighter Aircraft Radars, UAV Radars, Helicopter Radars
2) By Land: Ground-Based Radars, Mobile Radars, Fixed Site Radars
3) By Naval: Shipborne Radars, Coastal Surveillance Radars, Submarine Radars
What New Trends Are Beginning To Take Shape Within The Air And Missile Defense Radar Market?
Major companies operating in the air and missile defense radar market are focusing on forming partnerships to expand coverage range and improve interoperability across defense networks. Partnerships are collaborations between entities that unite resources, expertise, or technology to achieve common goals while fostering innovation, minimizing risks, and enhancing market competitiveness. For instance, in February 2025, Ukrainian Defense Industry, a Ukraine-based arms manufacturer, partnered with Thales, a France-based aerospace company, to establish a joint venture focused on air defense systems, radar technology, electronic warfare, tactical communications, and optoelectronic solutions. The JV aims to strengthen Ukraine's defense capabilities against Russian threats, enhance local operational support, and foster technology transfer and local production. This collaboration builds on a decade-long partnership and represents a strategic effort to modernize Ukraine's defense industry amidst ongoing conflict.
Who Are The Core Market Contributors Recognized Within The Air And Missile Defense Radar Market Ecosystem?
Major companies operating in the air and missile defense radar market are BAE Systems Inc., Israel Aerospace Industries Ltd., Leonardo SpA, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Reutech Radar Systems, SAAB AB, Telephonics Corporation, Thales Group, Airbus Group Inc., Aselsan AS, General Dynamics Corporation, Indra Sistemas SA, Hensoldt AG, Almaz Antey Corporation, Rockwell Collins Inc., Bharat Electronics Limited, The Boeing Co., FLIR Systems Inc., Honeywell International Inc., L3Harris Technologies Inc., NEC Corporation, QinetiQ Group plc, Reutech Radar Systems Pty Ltd., Terma A/S, ThalesRaytheonSystems LLC
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Which Locations Are Showing Rapid Adoption And Strong Growth Indicators In The Air And Missile Defense Radar Market?
North America was the largest region in the air and missile defense radar market in 2025. Asia-Pacific is expected to be the fastest-growing region in the air and missile defense radar market report during the forecast period. The regions covered in the air and missile defense radar market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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