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Military radar market hit by sweeping budget cuts

Press Release   •   Aug 22, 2013 12:32 BST

The global military radar market has been forecast to increase at a compound annual growth rate (CAGR) of 2.57% over the next decade, experiencing consistent growth and reaching its peak in 2022.

The military radar market is currently in a state of flux, primarily as a result of sweeping defence budget cuts in many established markets which have impacted heavily on procurement.

Current developments are oriented towards incorporating more powerful radars in air and missile defence systems and airborne surveillance systems. Space based radars are witnessing major technological advancements as defence forces around the world realise the potential of satellite based monitoring capacities.

Technological developments such the Active Electronically Scanned Array and Phased Array systems are driving demand for radars as countries undertake upgrade and refurbishment programmes along with fresh procurement schedules

Current innovations are oriented towards integrating various band capabilities of different radars into a single module and developing multi-platform radars, based on modularity, without compromising on advanced technological features.

The US is developing dual band radar that merges the X band SPY-3 radar with the S band volume search radar (VSR) system, and has also completed work on the new LONGBOW Block III Fire Control Radar incorporating improvements such as reduced size, weight, and maintenance and power requirements.

A significant number of countries are investing in the development of their domestic military radar producing capabilities by establishing strategic alliances and technology transfer agreements with established global manufacturers.

In addition to improving the indigenous capabilities of a domestic firm, this provides the foreign company with an opportunity to cater to a new market. Partnerships between countries that possess an advance defence industrial base, such as Canada and India, aid the mutual sharing of advanced technology.

Core markets are now the preserve of a dominant few players, while smaller and newer vendors seek to compete in the margins and in emerging areas. While defence cutbacks in many developed markets are on-going, the combined effects of spending in developing markets and the increased proliferation of advanced weapons systems is expected to drive the market in the years to come.

Key players currently dominating the military radar market include EADS Group, Israeli Aerospace Industries, Northrop Grumman Corporation, ThalesRaytheonSystems and Lockheed Martin Corporation.

For more information on the military radar market, see the latest research: Military Radar Market

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