The value of the sea-based radar market will reach $13.037 billion over the next decade with the production of 1 383 units and production making up 67.1 percent of the overall market value, according to a new report.
Forecast International’s new report, The Market for Naval Radar Systems finds that the most valuable segment will be Air Defense, at $8.249 billion.
The 10-year analysis also covers representative operations and maintenance (O&M) and Research Development Test and Evaluation (RDT&E) programmes, such as those funding the sustainment and development of the SPY-1 and Air and Missile Defense Radar (AMDR). During the 2015-2024 forecast period, O&M and RDT&E are expected to make up 17.1 percent and 15.8 percent of the market, respectively.
Also provided in the report is a look at some of the top players in sea-based radars. By value, Forecast International projects the top three leading companies to be, in order, Raytheon, Thales, and Airbus Group. These companies produce radar systems such as the AMDR and SPS-73 (Raytheon), SMART-S Mk 2 and Scout Mk 3 (Thales), and TRS-3D and TRS-4D (Airbus Group).