Military Radars Market Worth $17.1 billion by 2027 - Exclusive Report by MarketsandMarkets™
CHICAGO, Oct. 31, 2022 /PRNewswire/ -- Military radars market is projected to grow from USD 13.5 billion in 2022 to USD 17.1 billion by 2027, at a CAGR of 4.7% during the forecast periodaccording to a new report by MarketsandMarkets.
- CHICAGO, Oct. 31, 2022 /PRNewswire/ -- Military radars market is projected to grow from USD 13.5 billion in 2022 to USD 17.1 billion by 2027, at a CAGR of 4.7% during the forecast periodaccording to a new report by MarketsandMarkets.
- Based on the application, the air & missile defense segment is expected to lead the military radars market share during the forecast period.
- These factors will also contribute to the growth of the air & missile defense radars market.
- The development of ship-based naval radars is being driven by the need for efficient weapon guidance systems for military ships.