Radar Systems still Investment Priority
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Wednesday, July 23, 2014


Radar Systems still Investment Priority

  • According new market study on ASDReports.com
Amsterdam - Developed economies are seeking to maintain dominance in new radar technological developments and, as new radar development will normally take between five and 10 years to reach production and deployment stage, countries are willing to inject large sums into their development. Meanwhile, the surge in ability and willingness of developing and high-growth markets to acquire more advanced systems in recent years shows no sign of abating. This study calculations indicate that the global military radar market will reach $9.16bn in 2011.

The global military radar systems market is to be resilient in the face of sharp budget cuts over the next decade. The market is also currently in the throes of technological advances that will ensure strong growth in the coming years. In spite of declining defence spending in the US, Europe and other developed economies, radar systems have been identified by governments as an investment priority, as developments in active electronically scanned array (AESA) and multi-mission capabilities require procurement agencies to maintain the relevance of ground-based, airborne and naval military assets. The self-evident utility of radars in their intelligence gathering and protective capabilities mean that governments are unlikely to jettison plans to acquire or at least upgrade these critical systems. Moreover, the drive towards standardisation and modularisation of systems is likely to offer considerable opportunities for companies that can supply such solutions.
Related Research on ASDReports.com:
The Military Radar Systems Market 2011-2021

This study sees the military radar systems market as including four sub-sectors: naval, airborne, ground-based and space-based systems. This report will discuss the various technologies involved in each and provide quantitative and qualitative analysis for these sub-sectors. Moreover, this report will summarise developments and provide year-on-year forecasts for the 10 largest markets for radar equipment: the US, the UK, France, Russia, Israel, Italy, Germany, Australia, China and India. Additionally, this report will consider many the remaining regional markets worldwide: other Asian, other Middle Eastern, other European, Latin American and African.

The Military Radar Systems Market 2011-2021 report quantifies what it sees as significant growth in radar expenditure over the next 10 years, while providing analysis to support its country-level and subsector-level forecasts.

The report contains 80 tables, charts and graphs that quantify and forecast the radar systems market in detail from 2011-2021. The analysis and forecasting has been informed by extensive consultation. A full transcript of an exclusive interview is included from ELTA systems, a leading radar systems company.

Source : ASDReports - Market Research

Published on ASDNews: Dec 14, 2011

 

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