CHICAGO, Sept. 29, 2023 /PRNewswire/ — The Airborne Radars Market is expected to reach USD 23.6 billion by 2028 from USD 15.8 billion in 2023, at a CAGR of 8.3 % during the 2023–2028 period according to a new report by MarketsandMarkets™. This growth can be attributed to the increasing aircraft demand and advancements in traditional aircraft.
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Browse in-depth TOC on “Airborne Radars Market”
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Airborne Radars Market Report Scope:
Report Coverage |
Details |
Market Revenue in 2028 |
$23.6 billion |
Estimated Value by 2023 |
$15.8 billion |
Growth Rate |
Poised to grow at a CAGR of 8.3% |
Market Size Available for |
2019–2028 |
Forecast Period |
2023–2028 |
Forecast Units |
Value (USD Million/Billion) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
By component, by waveform, by platform, by application, by dimension, by range, by frequency band, by installation type, by technology |
Geographies Covered |
North America, Europe, Asia Pacific, and Rest of World |
Key Market Challenge |
Vulnerability of airborne radars to new jamming techniques |
Key Market Opportunities |
Research and development in advanced airborne surveillance technologies |
Key Market Drivers |
Increased Demand for advanced airborne weather monitoring radars |
The very long-range (above 500km) segment is projected to grow at the highest CAGR during the forecast period.
Based on range, the Airborne Radars market has been segmented into very-short range (