The Global Military Radar Market 2012–2022

Lon­don, March 2012 — The mil­i­tary radar mar­ket con­sists of four cat­e­gories of radars: Ground based radars, Air­borne radars, Naval radars and Space based radars. The val­ue of the mar­ket is expect­ed to increase at a CAGR of 2.57% dur­ing the fore­cast peri­od.

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The glob­al eco­nom­ic slow­down has reduced the defense bud­gets of most lead­ing spenders in the world, includ­ing the US, France, Ger­many and the UK. These coun­tries have cut back on spend­ing on var­i­ous defense sec­tors such as space, air­craft and vehi­cles, but at the same time have divert­ed funds towards sec­tors where rapid tech­nol­o­gy devel­op­ment and deploy­ment is pos­si­ble such as radars, Com­mand, Con­trol, Com­mu­ni­ca­tions, Com­put­ers, Intel­li­gence, Sur­veil­lance and Recon­nais­sance (C4ISR) and cyber-war­fare. High growth mar­kets such as the BRIC nations have been for­mu­lat­ing con­tin­u­ous pro­grams to pro­cure the lat­est radar tech­nol­o­gy and estab­lish total geo­graph­i­cal sur­veil­lance over the review peri­od and with con­tin­u­ous evo­lu­tion and tech­no­log­i­cal devel­op­ments tak­ing place in the mil­i­tary radar domain, this trend is expect­ed to con­tin­ue through­out the fore­cast peri­od.

The demand for mil­i­tary radars is antic­i­pat­ed to be dri­ven by inter­nal as well exter­nal secu­ri­ty threats, ter­ri­to­r­i­al dis­putes and mod­ern­iza­tion ini­tia­tives under­tak­en by armed forces across the world. Cumu­la­tive­ly, the glob­al mar­ket for mil­i­tary radars is expect­ed to val­ue US$81.8 bil­lion dur­ing the fore­cast peri­od. The glob­al mil­i­tary radar mar­ket is expect­ed to be dom­i­nat­ed by the US dur­ing the peri­od, fol­lowed close­ly by Europe and Asia-Pacif­ic. Despite the eco­nom­ic cri­sis in Europe, Europe’s share of the glob­al mar­ket is pro­ject­ed to increase dur­ing the fore­cast peri­od due to the devel­op­ment of advanced mis­siles, and air and ground defense sys­tems, for which radars are a key com­po­nent, and for the mod­ern­iza­tion of naval war fight­ers such as destroy­ers and frigates.

The glob­al defense indus­try is invest­ing sig­nif­i­cant­ly in research and devel­op­ment (R&D) to increase the capa­bil­i­ties of mod­ern mil­i­tary air­craft and naval ves­sels, which has led to the devel­op­ment of new and ground-break­ing radar sys­tem tech­nolo­gies, which can enhance the detec­tion capa­bil­i­ties, sur­veil­lance dura­tion and res­o­lu­tion, incom­ing pro­jec­tile defense capa­bil­i­ties, base and area pro­tec­tion capa­bil­i­ties and ear­ly warn­ing sys­tem capa­bil­i­ties of the var­i­ous types of mil­i­tary air­craft, naval ves­sels and ground-based for­ward forces.

In terms of cat­e­gories, the air­borne radar is expect­ed to account for the high­est pro­por­tion of spend­ing in the glob­al mil­i­tary radar mar­ket, fol­lowed by ground-based radar and naval radars. The demand for air­borne radars is antic­i­pat­ed to be high­er than oth­er cat­e­gories because of the increase in the num­ber of air­craft mod­ern­iza­tion pro­grams being devel­oped by var­i­ous coun­tries around the globe.

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