Press release
Electronically Scanned Arrays Market 2024: Demand, Growth Challenges, Industry Analysis And Forecasts To 2033
Electronically Scanned Arrays Market
The Business Research Company offers in-depth market insights through Electronically Scanned Arrays Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The electronically scanned arrays market size has grown strongly in recent years. It will grow from $8.07 billion in 2023 to $8.52 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to rise in defense spending, need for enhanced surveillance, military modernization programs, airborne early warning and control (EWC) systems.
The electronically scanned arrays market size is expected to see strong growth in the next few years. It will grow to $10.83 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to rapid advancements in aerospace technologies, growing demand for unmanned systems, expansion of space-based surveillance, national security concerns, global geopolitical tensions. Major trends in the forecast period include digital signal processing advancements, network-centric warfare integration, increased use in electronic warfare (EW), rapid scan and track capabilities, continued development of hybrid ESA solutions.
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Market Segmentation:
The electronically scanned arrays market covered in this report is segmented -
1) By Type: Active, Passive
2) By Geometry: Linear, Planar, Frequency Scanning
3) By Range: Land, Navel, Airborne
4) By Application: Defense, Government, Commercial
5) By User: Short, Medium, Long
Major Driver - Government Investments Drive Surging Growth In The Electronically Scanned Arrays Market
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. For instance, the Indian government has allotted $62.76 billion to the Ministry of Defense for the year 2020-21. The Ministry of Defense received the biggest budgetary allocation among any central government ministry. Defense spending accounts for 15.5% of the central government's budget in 2020-21. Hence, the increasing government investments in the defense sector are expected to propel the electronically scanned arrays market growth over the coming years.
Competitive Landscape:
Major companies operating in the electronically scanned arrays market report are The Boeing Company, Airbus SE, Lockheed Martin Corporation, Raytheon Technologies Corporation, General Dynamics Corporation, Northrop Grumman Corporation, Honeywell International Inc., Mitsubishi Heavy Industries Ltd., Toshiba Corporation, BAE Systems plc, Telefonaktiebolaget LM Ericsson, Thales Group, L3Harris Technologies Inc., Leonardo S.p.A., Leonardo S.p.A., Teledyne Technologies Incorporated, Elbit Systems Ltd., Svenska Aeroplan Aktiebolaget, Rafael Advanced Defense Systems Ltd., Kongsberg Gruppen ASA, Cobham plc, Terma A/S, ASELSAN A.Ş., Kratos Defense & Security Solutions Inc., Mercury Systems Inc., Syracuse Research Corporation, RADA Electronic Industries Ltd., Israel Aerospace Industries Ltd., Radar Systemtechnik AG, Gallium Nitride Systems LLC, Macom Technology Solutions Holdings Inc., Rohde & Schwarz GmbH & Co KG
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Top Trend - Key Players Drive Advancements In Electrically Scanned Arrays Market With Cutting-Edge Solutions
Major companies operating in the electrically scanned arrays market are focused on developing new technological solutions such as breakthrough over-the-air (OTA) calibration and characterization solution to strengthen their position in the market. Over-the-air (OTA) calibration and characterization is a testing methodology that evaluates and fine-tunes the performance of antenna systems in their actual operating environment, without the need to physically connect probes or cables. For instance, in October 2023, Keysight Technologies, an US-based manufacturer of electronic test and measurement equipment and software, launches Phased Array Antenna Control and Calibration Solution for Satellite Communications, the solution facilitates rapid testing and validation of active electronically scanned arrays in satellite communications, addressing the complexities of higher-frequency operations. With proprietary calibration algorithms, the system enables accurate measurement of gain and phase, significantly reducing calibration times. The solution covers a wide range of verification tests, providing a user-friendly interface and maximizing the utility of existing test chambers within Keysight's Antenna Measurement Toolset.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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