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Assessment of European Air ISR Radars Market
Frost & Sullivan, June 2009, Pages: 82
Force Modernisation Plans in Europe are Lucrative for the European Air ISR Radars Market
Force modernisation plans in the European countries have led to the acquiring of special mission aircraft for tactical and strategic surveillance and equipping the forces with modern technology, making it a lucrative opportunity for the market participants. This is providing significant business potential to participants in the European air intelligence, surveillance and reconnaissance (ISR) radars market. Radar equipment and aircraft for armed forces are almost at the end of their life cycle, opening up more opportunities for market participants. 'Partnerships and joint ventures are the key trends in the market, and are expected to continue as collaboration allows participants to exchange ideas and arrive at unique and innovative products,' says the analyst of this research. 'Meeting European Union (EU) and North Atlantic Treaty Organisation (NATO) standards are a main trend in all defence-related markets and are required to enable interoperability amongst the member countries.'
However, with increasing multinational operations, meeting the specified standards will remain a key challenge in the coming years. Countries would need to have interoperability, if not uniformity, in the products procured to achieve network-centric capabilities, which is challenging. R&D budget allocations are decreasing in European countries as they involve significant investments with returns that are subject to risk.
'Investing in R&D for new technology and products would be immensely valuable for industry participants as the end-user objective is to supersede their adversaries in all defence-related products and services,' concludes the analyst. 'Partnering on such R&D activities would result in information sharing amongst the industry participants and better products for end-users, opening up additional business opportunities.'
This Frost & Sullivan research service titled Assessment of European Air ISR Radars Market provides a quantitative and qualitative assessment of the European air intelligence, surveillance and reconnaissance (ISR) radars market opportunities from 2008 to 2017 and evaluates the key market drivers and restraints and industry challenges. It also evaluates and assesses key competitor strategic positioning and identifies, quantifies and qualifies strategic gaps and viable market opportunities. In this research, Frost & Sullivan's expert analysts thoroughly examine the following product segments: fighter aircraft, fixed-wing aircraft and rotorcrafts.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Product:
- Fighter aircraft
- Fixed-wing aircraft
- Rotorcrafts
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