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Electronically Scanned Arrays Market Size, Share, Trends, Drivers And Forecast 2023-2032
Electronically Scanned Arrays Market Report
The Business Research Company's Electronically Scanned Arrays Global Market Report 2023 identifies the increasing government investments in the defense sector as the major driver for the electronically scanned arrays market's growth in the forecast period. Electronically scanned arrays are used in radars in fighter jets for long-distance detection and track generation in defense industries.
The global electronically scanned arrays market size grew from $7.89 billion in 2022 to $8.38 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The electronically scanned arrays market size is expected to grow to $10.74 billion in 2027 at a CAGR of 6.4%.
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Major competitors in the electronically scanned arrays market are Lockheed Martin Corporation, Saab AB, Northrop Grumman Corporation, Thales Group, The Raytheon Company,, Ericsson, Elta, Toshiba, and Mitsubishi.
A key trend in the electronically scanned arrays market includes The development of new AESA (active electronically scanned arrays) technology. Companies in the electrically scanned arrays sector are focused on developing new technological solutions to strengthen their position in defense and the military. This new AESA technology is mainly used in radars in fighter jets. For instance, in December 2021, the Indian military announced the launch of AESA radar to make IAF fighters more accurate or skillful. The AESA radar is 95% indigenous, with only one imported subsystem. Indian military announced the launch of radars by fighter jets Su-30 MKI aircraft as well as carrier-based MiG-29 K fighters.
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The electronically scanned arrays market is segmented -
•By Type: Active, Passive
•By Geomentry: Linear, Planar, Frequency Scanning
•By Range: Land, Navel, Airborne
•By Application: Defense, Government, Commercial
•By User: Short, Medium, Long
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the electronically scanned arrays market.
The Business Research Company's "Global Electronically Scanned Arrays Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Electronically Scanned Arrays Market Include:
1. Executive Summary
2. Electronically Scanned Arrays Market Characteristics
3. Electronically Scanned Arrays Market Trends And Strategies
4. Electronically Scanned Arrays Market - Macro Economic Scenario
5. Electronically Scanned Arrays Market Size And Growth
……
26. Africa Electronically Scanned Arrays Market
27. Electronically Scanned Arrays Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electronically Scanned Arrays Market
29. Electronically Scanned Arrays Market Future Outlook and Potential Analysis
30. Appendix
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