Global Over-the-horizon Radar market cagr 10.9%

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Over-the-horizon Radar Market

Over-the-horizon Radar Market Scope: Industry

Analysis, Market Size, Growth, Trends Till 2031

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Over-the-horizon Radar Market Size and Growth

The Over-the-horizon Radar market is experiencing significant growth, driven by increasing defense spending and demand for advanced surveillance systems. The global market size was valued at approximately $2.5 billion in 2023 and is projected to expand rapidly as innovations in technology enhance detection capabilities, responding to evolving security threats.

Companies Covered

(Covid 19 Impact Covered)

◍ Lockheed Martin

◍ Raytheon

◍ Northrop Grumman

◍ Saab AB

◍ Thales

◍ BAE Systems

◍ Israel Aerospace Industries

◍ Leonardo

◍ Aselsan

◍ Harris

The Over-the-horizon Radar market features key players like Lockheed Martin, Raytheon, Northrop Grumman, and others, focusing on enhancing surveillance capabilities for military and civil applications. Companies innovate technologies, expand contracts, and create partnerships, driving market growth. Revenue examples: Lockheed Martin: ~$67 billion; Raytheon Technologies: ~$64 billion.

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Market Segmentation

By Application

Early Warning

Tactical Alert

By Product

◍ Skywave Over-the-horizon Radar ◍ Groundwave Over-the-horizon Radar

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Market Growth

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$ X Billion USD

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