As global security challenges intensify and nations accelerate the modernization of their defense infrastructure, the military radars sector is witnessing sustained and robust growth. According to Kings Research, the global Military Radars Market was valued at USD 16.74 billion in 2023, estimated at USD 17.67 billion in 2024, and is projected to reach USD 26.86 billion by 2031, growing at a CAGR of 6.17% during the forecast period.

Market Overview

Military Radars: The Backbone of Modern Defense Operations

Military radars — electronic systems that use radio waves to detect, track, identify, and monitor aircraft, missiles, ships, vehicles, and personnel — are indispensable tools in modern defense operations. Their role spans situational awareness, surveillance, targeting, navigation, and multi-domain threat detection. The market’s growth is increasingly shaped by the intersection of advanced electronics, artificial intelligence, and geopolitical dynamics requiring next-generation sensing capabilities.

Key Growth Drivers

Neuromorphic AI and Border Surveillance Power Market Expansion

One of the most significant technological drivers is the growing adoption of neuromorphic AI technology. Neuromorphic processors, which mimic the human brain’s neural architecture, enable radar systems to process complex data with remarkable efficiency and low power consumption — ideal for drones, missiles, and soldier-carried systems. In April 2025, BrainChip partnered with RTX’s Raytheon to support a USD 1.8 million U.S. Air Force Research Laboratory contract advancing neuromorphic radar signal processing. Border surveillance and homeland security demands are also serving as powerful catalysts for market expansion globally.

Segmentation Analysis

X-Band Frequency and Ground-Based Platforms Lead Key Segments

By component, the receiver and transmitter segment generated USD 5.30 billion in 2023, driven by demand for enhanced signal clarity and long-range threat detection. By frequency band, the X band segment held a 25.77% share in 2023, owing to its superior imaging capabilities and widespread use in missile tracking. By platform, the ground-based segment accounted for 43.52% of the market in 2023, expected to reach USD 11.56 billion by 2031. The airborne segment is projected to grow at a CAGR of 6.30%, fueled by military aircraft modernization programs. By application, air and missile defense is expected to hold a 35.23% share by 2031.

Regional Analysis

North America Leads; Asia-Pacific Registers Fastest Growth

North America maintained the largest regional share of 39.51% in 2023, valued at USD 6.61 billion, underpinned by high defense expenditure, cutting-edge R&D capabilities, and the presence of major defense contractors. Asia-Pacific is projected to be the fastest-growing region with a CAGR of 6.91%, reaching USD 5.40 billion by 2031. Countries across the region are accelerating investments in advanced radar technologies to counter growing aerial threats. In December 2024, Indra secured a contract to supply long-range Lanza radar to the Thai Air Force, reflecting the region’s appetite for advanced systems.

Competitive Landscape

Strategic Acquisitions and AI Integration Define Competitive Dynamics

Key companies include RTX, Leonardo S.p.A., Thales, IAI, Lockheed Martin Corporation, BAE Systems, Hanwha Systems, Hensoldt AG, Honeywell International, L3Harris Technologies, Northrop Grumman, Saab AB, Tata Advanced Systems, Bharat Electronics Limited, and Indra. In January 2025, Anduril Industries acquired the Radar and Command-and-Control businesses of Numerica Corporation, enhancing its air and missile defense solutions with advanced tracking and sensor fusion technologies. Such strategic consolidations are shaping the competitive dynamics of the global military radars market.

 

About Kings Research

Kings Research is a leading market research and consulting firm providing in-depth analysis of global markets across diverse industries. Our reports deliver actionable insights that empower businesses to make data-driven decisions and capitalize on emerging opportunities.