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14 Mar 14. The global market for electro-optical/infrared (EO/IR) sensors is expected to reach $10bn by 2024, reflecting a compound annual growth rate of 3.22 percent from a $7.3bn market in 2014, according to a forecast by ASDReports. “The sector growth in the past has come from new procurements these have been on the lower side after the recession due to budget cuts by defense ministries in the U.S. and western European countries,” said the study. “Although these developments have not significantly impacted the growth in the EO/IR industry, they have clogged the growth rates which have been forecasted to remain unprecedentedly high before the economic downturn in 2007.” The global market will be dominated by North America, followed by Europe and
Asia-Pacific. The study also predicts that the trend toward miniaturization of EO/IR sensors will continue. (Source: Defense News)
18 Mar 14. Research and Markets announced the addition of the “Security and Surveillance Radar Market (Land Systems, Airborne Systems, and Naval Systems) – Global Forecasts and Analysis to 2014 – 2020” report to their offering. This report analyzes the surveillance and security radar market, illustrating information about trend analyses in the market with reference to technology, geography, and countries. The report discusses the market drivers and restraints that sway the market for investment in the defense as well as civil segments. It further talks about the challenges and opportunities that provide probable growth aspects in the market. The prevailing escalations in the diplomatic theater are witnessing major technological advancements by incorporating more powerful and next-generation radars in security and surveillance systems. Technological developments such as AESA, NEXRAD, and 3DELRR act as catalysts to drive the demand for radars as countries are consistently upgrading and modernizing their existing radar networks. To enrich the precision and resolution of radars, defense industries worldwide are investing significantly in R&D. The report also contains the technology roadmap, highlighting future technology perspectives. The major regions considered in this report are North America, Latin America, Europe, and regions with blooming economies like the Middle East and Asia-Pacific. (Source: Yahoo!/BUSINESS WIRE)
20 Mar 14. Research and Markets announced the addition of the “Software Defined Radios Market (Defense, Commercial & Homeland Security) – Forecast Analysis to 2014 – 2020” report to their offering. The report provides information about the application of SDRs (Software Defined
Radios) in defense, commercial, and homeland security segment. The drivers and restraints that are affecting the market are included and their impact analysis for the study period is done. The challenges and opportunities in the SDR market are also included. The report includes a technology roadmap which gives the technological evolution that will take place in the SDR market for the study period. The sub-segments for defense analysis are airborne, naval, and land-based. The sub-segment analysis includes global, regional, and country level analysis. The country wise analysis also includes the procurement and operational cost of SDRs. The competitive landscape included in the report provides information about the market share of top companies participating in the market. The geographic regions included in the analysis are Asia-Pacific (APAC), North America (NA), Middle East (ME), Europe and Rest of the World (ROW). The countries considered are Brazil, Canada, France, Germany, India, Italy, Israel, Japan, South Korea, Turkey, UAE, and U.S. (Source: Yahoo!/BUSINESS WIRE)
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