The global 3D & 4D military radars market is expected to witness significant growth during the forecast period 2020-2025 owing to the rise in the integration of these radars on different platforms including ground defense systems (combat tanks, and multi-purpose armored vehicles), airborne (unmanned aerial vehicles and combat aircraft), and ship-based platforms. Additionally, the decline in cost and miniaturization will drive the deployment and integration of 3D & 4D military radars systems.
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With a need to quickly address the growing threats on the battlefield, there is expected to be a shift from 2D radar to 3D & 4D military radars, which help in reducing the cognitive burden on soldiers’ decision making. Thus, continuous funding for these advanced radars by governments is gaining huge traction in the market.
The global 3D & 4D military radars market is competitive, with the leading players actively competing against each other to gain the largest share. The competitive landscape of the 3D & 4D military radars industry exhibits an inclination toward emerging strategies and developments by market players.
The key players that are actively participating in the 3D & 4D military radars market include Thales Group, Northrop Grumman Corporation, Lockheed Martin Corporation, Saab AB, Leonardo S.p.A., Raytheon Technologies, BAE Systems, Mitsubishi Electric Corporation, L3Harris Technologies, Inc., Bharat Electronics Limited, Hensoldt, Israel Aerospace Industries, Airbus S.A.S, and government agencies, among others.
The prominent players in the 3D & 4D military radars market adopted strategies of new product launches, partnerships, collaborations and contracts, and other strategies to expand their business. The companies are also involved in some of the other developments that include mergers and acquisitions, facility expansion, product extension and upgradation, and funding to develop advanced radars for varied platforms. Due to the intensive competition, the 3D & 4D military radars industry requires manufacturers to constantly innovate and develop cost-effective radars with the existing and forthcoming industry standards for various military applications. The market is likely to grow rapidly with the developments in new radars with advanced hardware and software, which offers longer endurance and efficiency.
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Most of the 3D & 4D radars are multi-functional radars that offer more than one application. The budgetary constraints and the incapability of developing radar systems indigenously by several nations act as a roadblock in the growth of this market. Hence, some companies are trying to develop smaller, short-range radars cost-effective. However, the high cost of equipment and components such as sensors, transmitters, receivers, and systems are making it difficult for smaller developing and underdeveloped nations to procure the latest, technologically advanced radar systems. Apart from procurement costs, installation and maintenance costs are also pretty high.
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