Military Radar Market Size to Reach $25 Billion by 2032, Driven by Rising Defense Budgets and Airspace Monitoring Needs
• Military Radar Market size valued at USD 15.9 Billion in 2023, expects to reach USD 25.2 Billion by 2032 at a CAGR of 5.3%
• Rise in military budgets and modernization drives growth
• Airspace monitoring & traffic management held significant 2023 market share
• North America leads military radar market due to high military budget spending
• Key players include Lockheed Martin, Northrop Grumman, BAE Systems, Israel Aerospace Industries, Bharat Electronics