Airborne radars market projected to reach USD 18.94 billion by 2032 with 7.66% CAGR growth
From GlobeNewswire: 2024-12-17 08:36:00
The Airborne Radars Market is projected to reach USD 18.94 Billion by 2032, growing at a CAGR of 7.66%. The market is driven by UAV integration, defense investments, and advanced weather monitoring applications in aviation, disaster management, and agriculture. Dominant players include Lockheed Martin, Raytheon, and Thales Group. North America leads market growth, while Asia-Pacific shows the fastest CAGR of 10.32%. Key market segments include component type, mode type, installation type, technology type, and application type. In recent developments, Saab and Korea Aerospace Industries signed a Memorandum of Understanding for industrial cooperation and technology transfer. Saab signs MoU at KADEX, showcasing commitment to GlobalEye program with superior performance and cost advantages. Rheinmetall orders Hensoldt’s SPEXER 2000M 3D MkIII radars for Skyranger air defense systems. U.S. Air Force places $30 million order with Northrop Grumman for additional AESA radar systems for F-16 aircraft, bringing total contract value to $1.7 billion. The airborne radars market report covers key insights, market dynamics impact analysis, statistical trends, competitive landscape, and regional analysis. For more information and customization options, contact SNS Insider, a leading market research and consulting agency providing accurate market data and consumer insights globally.
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