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IRCM & Missile Defense Drive Airborne & Space-Based Electro-Optical Market

by Forecast International
October 23, 2009
in Technology News
2 min read
0
14
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NEWTOWN, Conn: Forecast International’s “The Market for Airborne and Space-Based Electro-Optical Systems” projects that an estimated $24.75 billion will be spent on 36 major airborne and space-based EO systems and programs over the next decade. Approximately 45 percent of this value represents product sales.

“Electro-optical airborne devices such as infrared countermeasures (IRCM) systems protect both fixed- and rotary-wing aircraft and its crew,” said Theresa Hartley, Aerospace and Defense Analyst and author of this study. Hartley added, “EO systems are the ‘eyes of the military’ that protect troops and spy on adversaries, and are also vital to intelligence, surveillance and reconnaissance (ISR) missions that support ground troops.”

According to Hartley, “The funding forecast in this analysis is consistent with the U.S. military’s commitment to increase ISR support to the warfighter.” ISR support in-theater improves mission effectiveness and reduces soldier and civilian fatalities. For example, fighter aircraft mounted with targeting pods monitor “areas of interest” and pass information to ground commanders.

Several research and development programs are under way that exploit emerging EO technologies for military operations. Among the leading R&D programs are the Space Tracking and Surveillance System (STSS), and Space-Based Infrared System-High (SBIRS-High) programs, which are dedicated to supporting a U.S. missile defense capability against intercontinental and theater ballistic missiles. The Airborne Laser (ABL) remains a major program despite taking a significant funding cut.

Lockheed Martin, Northrop Grumman and BAE Systems will hold the top three spots in the airborne and space-based EO market over the next 10 years in terms of value. But notably, over $4.4 billion has been allocated for the Army’s Aerial Common Sensor (ACS) and Navy’s EPX Airborne ISR platform programs – programs for which contracts awards have yet to be announced. Other top performers in the decade ahead will include Boeing, Raytheon, Finmeccanica and Thales.

Forecast International, Inc. is a leading provider of Market Intelligence and Analysis in the areas of aerospace, defense, power systems and military electronics. Based in Newtown, Conn., USA, Forecast International specializes in long-range industry forecasts and market assessments used by strategic planners, marketing professionals, military organizations, and governments worldwide.

Tags: airbornecountermeasuresElectro-Optical systeminfraredIRCMmarketspace
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