Strategy Analytics forecasts that the global military radar market will exceed $20 billion in 2028 The total number of radar shipments is forecast to grow at a CAGR of 3.2% through 2028. AESA (Active Electronically Scanned Array), wideband and digital technologies will continue to drive new procurement and upgrade opportunities. The associated market for semiconductor and other components will approach $3.7 billion in 2028. Note: Data used to formulate forecasts was gathered prior to the emergence of COVID-19. We will be monitoring the effects of the virus and its influence on the defense supply chain. We will be updating these forecasts as the effects of COVID-19 become clearer.
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