Radar Market Research Reports, Analysis & Trends
Radar (Radio Detection and Ranging) industry comprises companies that operate by manufacturing, producing and supplying of radar systems, and the industry operators provide specialized satellite telecommunication services, such as satellite tracking and telemetry and radar station operation. They also provide terminal stations and facilities connected with terrestrial systems that transmit telecommunications to, and receive telecommunications from satellite systems. The growth only seems to grow with the promising new technology being one of the key factors affecting the thriving innovative business. The conditions of the market specifically address radar and how they are bought and used by governments around the world. Radar technology transmits radio waves which bounce off objects and are used to determine the range, altitude, direction, and speed of both moving and fixed objects for indications, warning, and targeting. Radar programs and activities are addressed in these market reports, as well as programs and contracts that are designated primarily for radar technology functions. Throughout there are assessments of the various radar markets by country. According to Visiongain, 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.
Some satellite applications discussed include telemetry, tracking and control services as well as the operation of radar stations and satellite terminal stations. While defense cutbacks in many developed markets are ongoing, 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. There are discussions of the naval radar market active electronically-scanned array radars. Research shows that modern radar uses include air traffic control, astronomy, air-defense systems, nautical radars to; ocean-surveillance systems and rendezvous systems.
Radar Industry Current Trends
The industry spent a large part of the past five years in decline, with a slumping bottom line. The industry grew rapidly prior to the recession and benefited from a growing number of broadband connections as well as increased per-capita disposable income and strengthened investment in computers and software. To minimize costs, many satellite telecommunications providers began to vertically integrate their core operations with telemetry, tracking and control and radar station operations. This integration was facilitated by the capital that became available from satellite launch cancellations. The industry is expected to experience renewed demand over the next five yeas, as the digital economy will open up additional markets for satellite technology, creating greater demand for industry operators. The Radar and Satellite Operations industry was hit hard by the economic downturn. Over the five years to 2013, industry revenue is expected to contract 1.3% per year on average to $2.1 billion. Recessionary conditions crippled demand for general telecommunications and satellite services. Pricing conditions weakened as downstream satellite telecommunication providers and other telecommunications companies slashed costs as well as their own prices.
According to Visiongain, the military radar systems market is expected to reach $8.57 billion by the end of 2013, and the global military radar systems market is currently in a state of flux, primarily as a result of sweeping defense budget cuts in many established markets which have impacted heavily on procurement. While counteracting forces of spending increases in emerging markets and new technologies are undoubtedly present, they represent only a limited effect on the military radar systems market as a whole. The security picture over the next decade (involving increased access to ballistic missile technologies and increased tensions in East Asia and the Middle East) will continue to provide a pressing need for procurement and upgraded radar technology, although these demands will continue to be counterbalanced by economic reality.
Major Radar Manufacturers
Major players in the radar industry include Lockheed Martin Corp, Saab Sensis Corp, BAE Systems, ThalesRaytheonSystems, Esterline Technologies Corp, Honeywell International, and Accipiter Radar Technologies.