FI: Radar Market $50B from 2007-2016
Market analyst firm Forecast International projects that the worldwide radar market will be worth $50 billion from 2007-2016, with at least 11.306 units produced. “The Market for Radar Systems,” is based on a review of 107 radar production, operations & maintenance, and RDT&E programs.
One trend noted in the report is the consolidation of platforms into single radars that can perform multiple tasks, while operating close to the enemy and in urban areas. Another is the growth of the airborne early warning and control (AEW&C) market, thanks to smaller radars like the MESA radar (E-737), Saab’s Erieye (EMB-145, S-100), and IAI’s EL/M-2075 Phalcon (Gulfstream 450) that can be mounted on smaller aircraft. A third is the growth of Active Electronically Scanned Arrays. These radars boast a number of important multi-tasking, performance, maintainability, upgradeability, and capability advantages over traditional mechanically-steered radars. While more mechanically-scanned arrays will be produced, AESA radars will catch up in terms of overall value, and will become increasingly important.
Raytheon and Northrop Grumman are expected to continue to top the top 5, but consortia like AGS Industries creating the TCAR radar in NATO’s new ground surveillance planes; the MEADS International anti-air missile project; and the Euroradar consortium are beginning to appear on the leader board. Forecast International release | study.