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Electronically Scanned Arrays Global Market Report 2024 - By Demand, Share, Size, Report, Forecast To 2033
Electronically Scanned Arrays Market
Electronically Scanned Arrays Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $10.83 billion In 2028 At A CAGR Of 6.2% :
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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Electronically Scanned Arrays Market Major Segments
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
Key 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.
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Prominent Trend - Advancements In Aesa Technology Propel Growth In The Electrically Scanned Arrays Market
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. 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.
Electronically Scanned Arrays Market Players
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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Largest And Fastest Growing Region In The Market
North America was the largest region in the electronically scanned arrays market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronically scanned arrays market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Electronically Scanned Arrays Market Report Structure
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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