Radar are systems that use electromagnetic waves to detect the presence of and determine the position/speed of surface vehicles (e.g. planes, boats, cars, etc.).
As it is difficult to quantify, the radar market is divided into tactical ground-based radars and on-board radars, as well as road radars.
The radar market is dominated by a few major defence and electronics companies, leaving little room for new entrants.
The main stakeholders are turning to international growth and emerging markets, which are still poorly equipped with tactical radars.
Data encryption protects sensitive information, so it is an important market in today's environment. Confidentiality and protection of information, for individuals and companies alike, prevents data theft in the event of loss or theft of a device. A laptop is stolen every 53 seconds, and more than 30% of companies have already experienced a loss or theft of a mobile device. This market is rather recent in France, as these methods were not authorised and were limited until 2004, when the law for the confidence in the digital economy was published, authorising the use of data encryption.
According to a PAC Online study, the French cybersecurity market reached 1.3 billion euros in 2013. Annual growth in the rage of 8 to 10% is expected to continue by 2017. In 2016, only 50% of companies were equipped with data encryption systems, which is still considered weak. All companies are concerned by data encryption since all of them are exposed to the theft or loss of sensitive or confidential data. Data encryption for individuals represents a small part of the market. The average annual growth of the cyber security market between 2013 and 2015 was estimated at 8%.
Even if the market remains dominated by major IT services companies and defence companies, France has many cybersecurity start-ups, which are keen to join forces with large groups to become TWAs.
The many takeovers of start-ups by well-established groups are symptoms of a sector in full concentration. The growth of the sector depends first and foremost on the diversification of targets. Initially intended for the secret services, encryption is now widely used by companies and increasingly by individuals. The latest targets in terms of dates are SIM card chips, bank cards, access cards, etc. For example, in 2015, more than 9 billion smart cards were in circulation worldwide. Some technology and IT companies are pursuing vertical expansion and are buying up companies specializing in encryption and cybersecurity to integrate these departments into their companies, such as Blackberry, which is acquiring Secusmart. Many companies, particularly in France, have been created by larger organizations with data security needs, such as Morpho, resulting from a merger with Safran, or Arkoon, of which Airbus is a parent company. Finally, there are many mergers and acquisitions.
The rise of cyber threats and the tightening of the legislative framework are all levers for the cyber security sector, which is expected to grow steadily in the coming years.