Press release
Electronically Scanned Arrays Global Market Worth $10.74 Billion at a CAGR of 6.4% By 2027 | Saab AB, Northrop Grumman Corporation, Thales Group, The Raytheon Company,, Ericsson
Electronically Scanned Arrays Market
The Business Research Company's Electronically Scanned Arrays Global Market Report 2023 identifies the Increasing government investments in the defense sector are significantly driving the growth of the electronically scanned arrays market. 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 will grow 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 market size of the electronically scanned arrays is expected to grow to $10.74 billion in 2027 at a CAGR of 6.4%.
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Major players 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.
The development of new AESA (active electronically scanned arrays) technology is a key trend gaining popularity in the electrically scanned arrays market. Companies in the electrically scanned arrays sector are focused on developing new technological solutions to strengthen their position in defense and the military.
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The Electronically Scanned Arrays market is segmented -
1) By Type: Active, Passive
2) By Geomentry: Linear, Planar, Frequency Scanning
3) By Range: Land, Navel, Airborne
4) By Application: Defense, Government, Commercial
5) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific 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
……
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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