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6/15/2015
Globalmilitaryradarmarketworth$9.42billionin2015|defenceWeb
http://www.defenceweb.co.za/index.php?option=com_content&view=article&id=38845:globalmilitaryradarmarketworth942billionin2015&catid=7:Industry
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Globalmilitaryradarmarketworth$9.42billionin2015
WrittenbydefenceWeb,Monday,20April2015
Theglobalmilitaryradarsystemsmarketisexpectedtobeworth$9.42billionthisyear,accordingtoanewreport,whichsaysthattensioninEasternEuropeisoneofseveralfactorsbehindthepositivegrowthofthismarketsegment.
SincetheSecondWorldWar,radarsystemshavebecomeacrucialelementofmilitaryintelligencegathering,earlywarning,targetingandcommunicationactivities.Thecentralityofthesesystemsinalllevelsofmilitaryoperationfromstrategiclevelearlywarningandsurveillanceradartotacticalsystemsaffordsradarauniqueplaceinmilitaryequipmentinventories.Geopoliticalfrictionandincreasinglyadvanceddesignsofmilitaryradarandplatformsonwhichtoplacethemaredrivingexpenditure
inthisdefencemarket,accordingtothenewreportentitledMilitaryRadarSystemsMarket20152025:LeadingCompaniesinAirborne,Naval&LandBasedSystems.
Emergingmilitarypowersfacingporousborders,transnationalcrimeandthreatstoterritorialintegrityareincreasinglylikelytobecomeplayersinthismarket,tocomplementexpenditureinestablishedmarketsdrivenbycuttingedgetechnologicaladvances.
JamesBingham,theanalystresponsibleforthereportsaidthat,Incurrentthreatenvironments,whereprecisionandintelligencearemoreimportantthanever,theuseofradarisacrucialelementofbothsurveillanceandtheaccuratedeploymentofweaponsinbothoffensiveanddefensiveapplications.Airandballisticmissiledefence,airtoaircombat,strategiclongrangesurveillance,counterfiresystemsandmultipleothermilitaryapplicationsaredependentonradarsystems.Increasingrequirementsforsituationalawarenessandbattlefieldmanagementplace
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6/15/2015
Globalmilitaryradarmarketworth$9.42billionin2015|defenceWeb
http://www.defenceweb.co.za/index.php?option=com_content&view=article&id=38845:globalmilitaryradarmarketworth942billionin2015&catid=7:Industry
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MilitaryradarmarketcontinuesgrowingCSIR,SCSHdevelopingsatelliteradarSaablaunchesfivenewradarsfortotalairdomainawareness
radar
demandsonradarmanufacturerstodevelopmorecapableandadaptablesystemstoplugintothenetworkcentricoperationsofmodernmilitariesworldwide.However,thereisconsiderabledemandforecastfromemergingmilitarypowersrequiringmodernisationoftheirlegacysystems.Porousborders,threatstoterritorialintegrityandstrategicthreatssuchasballisticmissilesarealldrivingfactorspropellingthemilitarymarketforwardwithconsistentgrowthrates
LatelastyearStrategyAnalyticssaidthatearlywarningandsurveillancealongwithfirecontrolradarswillaccountforaround76percentoftheglobalmilitaryradarmarketbetween2013and2023.
TheStrategyAnalyticsAdvancedDefenseSystems(ADS)forecastpredictedthatNorthAmericawillcontinuetorepresentthelargestregionalendmarket,butthefastestgrowthwillbeexhibitedbydemandfromtheAsiaPacificregion.
AirborneradarwillrepresentthelargestmarketbothindollartermsaswellasintermsoftotalshipmentswhileL,SandCbandswillrepresentthelargestmarketfollowedbyradarsoperatingatXband,reflectingtheprimaryfrequenciesusedbysurveillance/earlywarningandfirecontrolradars.
"ThetotalnumberofradarshipmentsisforecasttogrowataCAGRof4.1percentthrough2023toreach1393units,"notedEricHigham,NorthAmericanDirectorforADS."Firecontrolradarshipmentswillcontinuetodominatethetraditionalmixbutthefastestgrowthinshipmentswillcomefromemergingplatformssuchasunmannedsystems,aswellasnewradarsystemtypes".
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6/15/2015
Globalmilitaryradarmarketworth$9.42billionin2015|defenceWeb
http://www.defenceweb.co.za/index.php?option=com_content&view=article&id=38845:globalmilitaryradarmarketworth942billionin2015&catid=7:Industry
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YagazieAwellresearchedandwrittenarticle....quiteanenjoyableread!
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6/15/2015
Globalmilitaryradarmarketworth$9.42billionin2015|defenceWeb
http://www.defenceweb.co.za/index.php?option=com_content&view=article&id=38845:globalmilitaryradarmarketworth942billionin2015&catid=7:Industry
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