Press release
Electronically Scanned Array Market Is Poised To Expand At A Compound Annual Growth Rate (CAGR) Of 7% Through 2030, Raising Expectations.
Electronically Scanned Array Market
The global electronically scanned array market was valued in 2021 at USD 12.15 billion and will grow at a 7% CAGR by 2030, as per the recent Market Research Future report.
The naval industry is anticipated to see the most encouraging growth in the upcoming years. Naval radars are widely employed to monitor and detect naval activity. Locating offshore patrol vessels, warships, submarines, and other military vessels is the main purpose of naval-based radar systems. Naval radar-based systems are also widely utilized for missile defense and ammo detection.
Electronics and semiconductor technology is constantly improving, which has improved the cost, effectiveness, and dependability of ESA systems. The market for ESA systems has grown to cover commercial and civic applications in addition to conventional military ones because of advancements like the incorporation of ML & AI algorithms in the radar systems.
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The high development costs and long-time taken for replacing radar systems may act as market restraints over the forecast period. Besides, the COVID-19 impact may also impede market growth.
Regional Analysis-
Over the course of the forecast period, North America is anticipated to continue to contribute the most to the electrically scanned array market. This is largely due to the presence of the United States, which is the world's largest consumer of military technology and has made significant efforts to modernize its armed forces in order to bring them fully into the digital era. Over the course of the forecast period, the U.S.'s ongoing military modernization initiatives are projected to continue being the primary driver of electrically scanned array market within North America. North America will control the greatest portion of the market. Growth factors also include a surge in the acquisition of air & missile defense radars in the United States and Canada and a strong need for air surveillance systems. Furthermore, electronically scanned arrays in fact are becoming increasingly accurate at detecting objects as a result of the continuous expansion of frequency bands.
Market Segmentation-
The global electronically scanned array market has been bifurcated based on type, range, and end use.
By type, active will lead the market over the forecast period.
By range, long will domineer the market over the forecast period.
By end use, airborne will spearhead the market over the forecast period.
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Key Companies in the Electronically Scanned Array Market include -
Lockheed Martin (US)
Northrop Grumman (US)
Leonardo-Finmeccanica (Italy)
Raytheon (US)
Saab AB (Sweden)
Israel Aerospace Industries (Israel)
Thales Group (France)
Toshiba (Japan)
RADA Electronic Industries (Israel)
Defence Research and Development Organization (India)
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Electronically Scanned Array Industry Developments -
Northrop Grumman (US):
January 26, 2024: Announces successful completion of critical design review (CDR) for the Next-Generation Airborne Maritime Patrol System (NG-AMPS) AESA radar. This radar will equip the P-8A Poseidon aircraft and improve its detection and tracking capabilities.
Raytheon Technologies (US):
January 18, 2024: Unveils its latest Gallium Nitride (GaN) AESA radar technology, offering improved performance and efficiency for various applications.
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