PUBLISHER: Verified Market Research | PRODUCT CODE: 1623180
PUBLISHER: Verified Market Research | PRODUCT CODE: 1623180
Electronically Scanned Arrays Market size was valued at USD 13.35 Billion in 2024 and is projected to reach USD 20.97 Billion by 2031 , growing at a CAGR of 6.40% from 2024 to 2031. Increasing the integration of electronically scanned arrays with conventional radar system components is driving the growth of the global Electronically Scanned Arrays Market. The demand for active electronically scanned arrays is mainly driven by geopolitical instabilities occurring in the APAC and the Middle East region. Furthermore, the adoption of technologically advanced defense and surveillance systems has been the instrument in providing a significant boost to market growth.
Global Electronically Scanned Arrays Market Definition
An array or group of antennas that produce radio wave beams and rays is referred to as an electronically scanned array, also known as a phased array. Without physically moving the antennas, the waves are electronically steered in the desired direction to a specific spot. In contrast to mechanically scanned solid apertures that require maintenance, electronically scanned arrays are devoid of any moving parts.
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Global Electronically Scanned Arrays Market Overview
Phased arrays, also known as electronically scanned arrays, are collections of antennas that electronically produce radio wave beams that are aimed precisely in the desired direction without the need for physical movement of the antennas. These arrays must be correctly placed and organized in order to produce the desired outcomes during real-time activities. The defense industry efficiently makes use of them to identify and find foreign dangers in the water, on land, and in the air.
Increasing the integration of electronically scanned arrays with conventional radar system components is driving the growth of the global Electronically Scanned Arrays Market. The demand for active electronically scanned arrays is mainly driven by geopolitical instabilities occurring in the APAC and the Middle East region. Furthermore, the adoption of technologically advanced defense and surveillance systems has been the instrument in providing a significant boost to market growth. The market has a wide scope in the research and development division as researchers and scientists are continuously upgrading the software to make it more effective and economical. Accurate tracking and location of foreign objects are fetching an important factor for defense industries today; hence, they are selecting for more accurate products, which in turn, is projected to fuel the expansion of the Electronically Scanned Arrays Market.
There are certain restraints and challenges faced which will hinder market growth. Factors such as high development costs associated with radar systems are expected to restrain the growth of the Electronically Scanned Arrays Market. On the other hand, the long-time taken to replace radar systems en masse is expected to be a major restraint on the global electronically scanned array market over the forecast period. Army forces need fast and quick actions in some operations in those situations the long-time taken to replace radar systems en masse may create challenges.
Since the COVID-19 virus outbreak in December 2019, the epidemic has spread to nearly every country across the globe with the World Health Organization (WHO) announcing coronavirus disease 2019 (COVID-19) as a pandemic. Our research shows that outperformers seek growth in every dimension which is core expansion, geographic, up and down the value chain, and in adjacent spaces. Every industry has been impacted by the COVID-19 pandemic, including those in the following sectors: aerospace & defence, banking, financial services & insurance, ICT, agriculture, food & beverage, automotive & transportation, chemical & material, consumer goods, retail & eCommerce, energy & power, pharmaceutical & healthcare, packaging.
The populace has become increasingly confined to their houses and has cut back on their travel, which has a negative or good effect on the market as a whole. The paper also evaluates the implications of the COVID-19 pandemic on the global market in light of the current market condition, providing more accurate and dependable estimates. The entire world is suffering due to the coronavirus outbreak. Almost all nations have implemented strong social segregation policies, including lockdowns. As a result, supply chains have been disturbed.
As the effect of COVID-19 spreads, the overall market has been impacted by COVID-19 and the growth rate has also been impacted in 2019-2020. Our latest research, perspectives, and insights on the management issues that matter most to the companies and organization about the market, which is leading through the COVID-19 crisis to managing risk and digitizing operations to deliver trusted information and experiences to the decision makers.
The Global Electronically Scanned Arrays Market is segmented based on Product Type, Platform, Component, and Geography.
Based on Product Type, the market is bifurcated into Active Electronically Scanned Array and Passive Electronically Scanned Array. The Active Electronically Scanned Array segment held the largest market share. Active electronically scanned arrays encompass individual transmit/receive modules, that provide augmented capability to those arrays for detecting several objects at a specific point of your time.
Based on Platform, the market is bifurcated into Land, Naval, and Airborne. The largest market share belonged to the land sector. In times of combat, real-time information is obtained via land-based electronically scanned arrays. Additionally, unexploded ordnance and tunnels can be quickly found using land-based techniques.
Based on Component, the market is bifurcated into Transmit Receive Module (TRM), Phase Shifters (Analog/Digital), Beamforming Network (BFN), Signal Processing (Analog/Digital), Radar Data Processor (RDP), Power Supply Module, and Cooling System.
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.