Electronically Scanned Arrays Market Size, Strategies and Opportunities Forecast 2022-28

According to Precision Business Insights (PBI), the latest report, the electronically scanned arrays market is expected to be valued at USD 7,943.5 million in 2022 and is poised to grow at a significant CAGR of 7.5% over 2022-2028. The primary drivers of the expansion of the global electronically scanned arrays market include increasing investment in the defense sector, increasing geopolitical conflicts, increasing number of radar upgradation contracts, and new product launches.

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AESA Segment to Dominate the Electronically Scanned Arrays Market:
Based on product type, the global electrically scanned arrays market is divided into Active Electronically Scanned Array (AESA) and Passive Electronically Scanned Array (PESA). The Active Electronically Scanned Array (AESA) segment held the largest market share and is expected to maintain the trend in the forecasted years. A Passive Electronically Scanned Array (PESA) system has one large transmitter, while Active Electronically Scanned Array (AESA) systems have multiple Transmission Reliability Margins (TRMs). It has various advantages over Passive Electronically Scanned Array (PESA) systems such as it allows more reliability, smaller size, less weight, and a lower threat of being detected.

Asia Pacific Electronically Scanned Arrays Market:
The Asia Pacific market is expected to increase in the global electronically scanned arrays market over the forecast period. The Asia Pacific market is expanding as a result of advanced technology from emerging nations such as India, increasing investment in the defense system. North America held considerable market share during the estimated period owing to the presence of global players in this market and advanced technology with well equipped defense systems.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global electronically scanned arrays market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

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The electronically scanned arrays market is segmented based on product type, geometry, range, platform, and geography.
Based on the product type, the market is segmented into the following:
• Active Electronically Scanned Array (AESA)
• Passive Electronically Scanned Array (PESA)

Based on the component, the market is segmented into the following:
• Transmit receive module
• Phase shifters
• Beamforming network
• Signal processing
• Radar data processor
• Power supply module
• Others

Based on the geometry, the market is segmented into the following:
• Planar Array
• Linear Array
• Frequency Scanning Array

Based on the range, the market is segmented into the following:
• Short range
• Medium Range
• Long Range

Based on the platform, the market is segmented into the following:
• Air
• Marine
• Land

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the electronically scanned arrays market report are Northrop Grumman Corporation, Lockheed Martin, Raytheon Company, Israel Aerospace Industries, Saab Ab, Leonardo Spa, Hensoldt, Rada Electronic Industries, Mitsubishi Electric, Thales Group, and Aselsan AS.

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