As per the report "Military Radar Market By Type (Ground Based,Naval, Airborne, and Space Based),Industry trends,estimation & forecast,2016 - 2024", the Global Military Radar market was valued at $10.85 billion in 2016, and is projected to reach $14.09 billion by 2024, growing at a CAGR of 3.4% from 2017 to 2024. In 2016, the airborne radar segment generated the highest revenue share in the global military radar market. Among major regions, North American military radar market was the highest revenue generating market valued at $3.57 billion in 2016.
“Constant improvisation in Radio Frequency technology, as well as the growing need for means of early identification is driving governments across the globe to invest in the radar market. The immense need for Radar as an integral part of nearly all the prominent defense equipment such as aircraft, helicopters, naval vessels, armored vehicles, as well as UAVs, is leading the military radar market to grow rapidly”
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