I think a lot of the airborne fire-control spending is really going to be driven by a lot of the programs that we all sort of know and love here and abroad: It’s F-35 coming on line and spinning up to high production rates.”
WASHINGTON, DC — November 7, 2015
After several relatively flat years, the global market for military radars is poised to grow modestly.
Between 2011 and 2015, the worldwide radar market hovered around $12 billion, according to an analysis conducted by Avascent. Based on the US’ five year defense plan and other nations’ budgets and program commitments, Avascent projects the market will climb over $13 billion in 2016 and 2017, and after a quick dip in 2018, stay above $12.5 billion through 2025.
The two main drivers are deliveries of fixed-wing aircraft with integrated radar systems, notably the F-35, and the proliferation of demand for air and missile defense radar systems, said Sebastian Sobolev, project manager for Avascent Analytics…
To read the full article, click here: “Radar Market Poised for Modest Growth“