NEWTOWN, Conn., March 28, 2017 (GLOBE NEWSWIRE) -- America experienced a dramatic shift in its political landscape on November 8, 2016 with the election of businessman Donald Trump as President of the United States. Furthermore, the Republican Party secured a monopoly on power in Washington, keeping control of the Senate and gaining a majority in the House of Representatives. "All of this will play a serious role in shaping the U.S. defense budget and with it the overall defense market," said Richard Sterk, Senior Analyst and editor of Forecast International’s “The Market for U.S. Defense Electronics.”
"We expect the defense electronics market will be worth at least $135.485 billion for the 2017-2026 period," Sterk went on to say.
Forecast International's projections are the result of a review and analysis of 500+ leading defense electronics programs. Based on the results of FI's modeling, the top five defense electronics companies in the ten-year period are projected to be: Northrop Grumman, Lockheed Martin, Raytheon, Harris, and BAE.
The U.S. defense electronics market shows signs of strength and growth, with only a 27.17 percent ($4.283 billion) drop in projected market value (based on the overview sampling) over the forecast period, from a start of $15.761 billion in 2017 to a low of $11.478 billion in 2026. "This is a very good sign," Sterk remarked, explaining that it means only slightly more than a quarter (27.17 percent) of the programs sampled will be ending over the course of the forecast period, while almost three-quarters (72.83 percent) will still be active. "This indicates a rather healthy defense electronics segment in the overall American defense market."
"The major influence on the U.S. defense electronics market continues to be the development and production of systems for use in network-centric warfare (cyber warfare)," said Sterk. "These systems connect as many information systems together as possible, allowing maximum flow of information between decision-makers and soldiers in the field."
Programs forecast to profit during the next 10 years include: the APG-81 AESA radar for F-35 aircraft; the ICNIA (Integrated Communications, Navigation, Identification, Avionics) system that will integrate aircraft avionics for the F-22 and the F-35 Joint Strike Fighter; the APG-68 pulse-Doppler fire control radar for the F-16; the AAQ-33 Sniper Advanced Targeting Pod; the ALQ-210 situational awareness and threat warning system; the VUIT-2 video system; the SPY-6 Air and Missile Defense Radar (AMDR) to be installed aboard aircraft carriers and destroyers; the AQS-20 minehunting sonar and AQS-22 ALFS (Airborne Low Frequency Sonar) naval systems; the Navy Multi-band Terminal C4I system; the PRC-150 and PRC-152 combat radios; the Bowman radio; and the Warfighter Information Network-Tactical (WIN‑T).
About Forecast International
Forecast International, Inc. is a leading provider of Market Intelligence and Analysis in the areas of aerospace, defense, power systems and military electronics. The firm, which publishes eight International Military Market services, also maintains a high posture of situational awareness and geopolitical analysis. 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. Forecast International's resources and extensive base of experience can also be readily adapted and efficiently focused to fulfill a broad spectrum of civil and military consulting and special research requirements.
- FI on the Web: www.forecastinternational.com, www.fi-aeroweb.com, www.fi-powerweb.com
- FI on Twitter: www.twitter.com/ForecastIntl
- FI on Facebook: www.facebook.com/forecastintl
- FI on Google+: plus.google.com/+Forecastinternational1
- FI Blog: http://blog.forecastinternational.com/wordpress/
Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/768c3bbd-d505-46fb-9acc-dca3055008dd