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DON'T MISS NEXT WEEK'S AOC VIRTUAL SERIES: EW Crystal Ball: Insight into Global EW & Military Radar Markets, March 3
1200-1300 EST (1700-1800 GMT)
Strategy analytics forecast spending on defense systems will approach $140 billion by 2023, translating into a substantial opportunity for component technologies suitable for radar, communications, EW and other military/defense applications. The global radar market will grow at a CAGR of 3.6 percent, with fire control radar and early warning and surveillance radars accounting for around 76 percent of the global market. The associated market for semiconductors and other components will be spurred by the move towards AESA architectures. Countering these modern frequency agile radar systems and network-based IP-centric communications in conventional symmetric warfare scenarios and combating asymmetric threats from improvised explosive devices are representative of the ever-increasing complex spectrum environment that will underpin spending on the EW sector. Strategy analytics forecast spending on global electronic warfare systems and services will grow to over $18.7 billion.
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