LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global naval radar systems market report. This research report also lists five other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
End-users in naval radar systems are shifting their focus from quantity to quality. High-performance radars have been a growing requirement for modern naval forces. There is also an increased emphasis on cost-effective operations. Maintaining a balance between cost and quality while providing an upgrade and retrofit solutions to meet modern naval needs can pose a significant challenge for vendors.
In addition, amid negative economic conditions in Europe and defense budget cuts in the US, companies are facing high levels of uncertainty in the market. However, there has been a growing interest in emerging markets in APAC and the Middle East. Western naval forces seek sophisticated and modernized radar systems for improved surveillance.
“Meanwhile, developing countries in APAC and the Middle East are also strengthening their fleet of vessels with modern systems and capabilities. The existing major players in the market should identify the evolving trends and market shifts, and should adapt to accommodate them for long-term success and survival in the market,” says Abhay Singh, a lead analyst at Technavio for defense sector.
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Top five naval radar systems market vendors
Finmeccanica was established in 1948 and is headquartered in Rome, Italy. It engages in defense, aerospace, and security businesses globally.
Finmeccanica primarily through its subsidiary, Selex, engages in the provision of naval combat systems for global naval forces for the past 40 years. Its naval combat management systems include ATHENA combat management system, multifunctional AESA radars, long-range radars, electro-optical (E/O) surveillance systems, low probability of intercept (LPI) navigation radars, precision approach radars, and naval communication systems.
Lockheed Martin was established in 1995 and is headquartered in Bethesda, Maryland, US. It engages in the R&D, production, and supply of advanced technology systems, products, and services to global defense and aerospace industries.
Lockheed Martin has been engaged in the development and enhancement of surface electronic warfare technology for the US Navy since 2008. In 2009, the company was awarded development contract of Surface Electronic Warfare Improvement Program (SEWIP) Block 2 and was the first SEWIP was delivered in 2013.
In the same year, it secured the low-rate initial production contract for SEWIP Block 2 from the US Navy. In 2014, the UN Navy awarded Lockheed Martin an additional contract for the SEWIP Block 2 production systems.
Northrop Grumman was established in 1939 and is headquartered in Falls Church, Virginia, US. It provides systems, products, and solutions focusing on aerospace, electronics, information systems, and technical services to the government and commercial customers across the globe.
The company also provides shipboard radar surveillance systems for navigation and maritime applications. The company, through its business division, Sperry Marine, provides navigation solutions to the global defense and commercial maritime industries. Its navigation portfolio includes radars, compass systems, speed logs, steering systems, integrated bridge, and control systems.
Raytheon was established in 1922 and is headquartered in Waltham, Massachusetts, US. The company provides its solutions to the defense and other government markets across the world.
Raytheon manufactures and supplies a comprehensive array of radar systems and technologies for a diverse range application in both military and civil aviation industries. Its product portfolio includes land-based surveillance and search radars, upgraded early warning radars, transportable radars, missile defense radars, high-definition radars, and airborne radars.
Thales Group was established in 1893 and is headquartered in Paris, France. The company provides solutions primarily to the aerospace and defense industries globally.
Thales Group develops and supplies naval surveillance systems that include multifunction radars, 3D medium- and long-range radars, air and surface surveillance radars, and infrared search and track (IRST) systems. The company also developed an integrated mast houses radar systems, namely I-Mast 400, for the Royal Netherlands Navy's four offshore patrol vessels. The I-Mast 400 comprises an integrated mast house radar, communication antennas, optronics mission sensors, and IFF antennas in one single structure.
Browse Related Reports:
- Global Naval Combat Systems Market 2016-2020
- Global Military Radar Systems Market 2015-2019
- Global Radar Systems and Technology Market 2016-2020
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