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Asia Pacific Air ISR Radar Markets Bound to Grow as Defense Spending Increases - Strong economic growth, increasing military budgets and the urgency to modernize and replace old aircraft are driving the market for new aircraft and radar upgrades for better coverage in intelligence, surveillance and reconnaissance (ISR) missions
Asia Pacific Air ISR Radar Markets Bound to Grow as Defense Spending Increases

 

NewswireToday - /newswire/ - Singapore, Singapore, 2008/06/25 - Strong economic growth, increasing military budgets and the urgency to modernize and replace old aircraft are driving the market for new aircraft and radar upgrades for better coverage in intelligence, surveillance and reconnaissance (ISR) missions.

   
 
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Airborne Early Warning (AEW) aircraft are receiving the highest priority, followed by maritime patrol aircraft, which are used to protect vital economic trade routes in the region.

New analysis from Frost & Sullivan (aerospace.frost.com), Asia Pacific Air ISR Radar Markets, finds that the market earned revenues of $381 million in 2007 and estimates this to reach $432 million in 2014.

Ongoing defense modernization programs are propelling the growth of the Asia Pacific air ISR radar markets. Modernization programs will drive armed forces to replace ageing technologies with modern airborne radar technology such as the active electronically scanned array (AESA), which provides superior coverage in comparison with the passive electronically scanned array (PESA) and the mechanically scanned array. AESA arrays move at almost the speed of light, giving users fast and accurate data in real time.

"Furthermore, an increasing number of countries in the Asia Pacific region are realizing the importance of Network-centric Warfare (NCW) and are shifting their military doctrines toward a networked-defense strategy," notes Frost & Sullivan Research Analyst Chern Wai Cheong. "NCW is expected to drive the market demand for better radar detection technologies, and a better-networked environment between various government agencies to enhance the situational awareness of the battlefield."

However, the expensive nature of these radar systems is restraining their adoption among the smaller countries, which are yet to make their procurement decisions. Large ISR platforms such as the AEW have high procurement costs, and only large developed countries have the requirement and funding to acquire them.

"Considering the high costs involved in researching and developing these technologies, Asia Pacific countries still depend on foreign companies to develop these radars," says Cheong. "Moreover, most Asia Pacific countries only allocate a small proportion of their GDP toward defense and this trend is not likely to change much, with the exception of the more developed nations such as Japan, Singapore, South Korea, and Australia."

Market participants should continually invest in R&D as airborne radars are highly technology driven due to the need for better reliability, higher processing speeds, and lower costs. Strategic alliances with local companies will also help improve local presence in the region and ensure better system interoperability.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the Asia Pacific air ISR radar markets, then send an email to Donna Jeremiah, Corporate Communications, at djeremiah[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by email.

Asia Pacific Air ISR Radar Markets is part of the Aerospace and Defense Growth Partnership Service program, which also includes research in the following markets: Asia Pacific Air ISR Sensors (EO/IR) Markets, Asia Pacific Air C2 Markets, European Air ISR Radar Markets, European Air ISR Sensors (EO/IR) Markets and European Air C2 Markets. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team Membership™ empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents.

Asia Pacific Air ISR Radar Markets - P177

 
 
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Asia Pacific Air ISR Radar Markets Bound to Grow as Defense Spending Increases

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