Global Market Research Reports

  Overview and Scope Naval radar refers to radar systems designed for maritime vessels to maintain situational awareness, detect and track potential threats, and support various naval operations, including search and rescue, maritime patrol, and combat operations. These systems are more robust and operate in challenging marine environments, including adverse weather conditions, sea clutter, and electronic warfare threats.   Sizing and Forecast The naval radar market size has grown strongly in recent years. It will grow from $11.94 billion in 2023 to $12.67 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%.   The growth in the historic period can be attributed to increasing focus on strengthening and expanding naval fleets, increasing procurement of radar and air defense systems, the requirement of new-generation air and missile defense systems, increasing procurement of radar and air defense systems, rising disposable income.   The naval rad...