Electronically Scanned Arrays Market Is Likely to Experience a Strong Growth During 2022-2028

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The electronically scanned arrays market was estimated at US$ 8.3 billion in 2021 and is expected to grow at a CAGR of 8.3% during 2022-2028 to reach US$ ~12.1 billion in 2028.

The report on the Electronically Scanned Arrays Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2022-2028. The report also offers insights into different market segments and other factors affecting the market.

Report Forecast:

The electronically scanned arrays market was estimated at US$ 8.3 billion in 2021 and is expected to grow at a CAGR of 8.3% during 2022-2028 to reach US$ ~12.1 billion in 2028.

Electronically scanned array systems are made up of a number of antennas that may be moved independently of one another to project the radio beam that results in various directions. Radars that use electronically scanned array systems provide several benefits, such as better dependability and higher resistance to electronic jamming.

The market's growth is influenced by a number of factors that have a significant or indirect impact on demand. An overview of such factors can be found in our report, which is derived utilizing SWOT analysis, industry life cycle, and supply chain analysis. Such key information can help market participants and investors identify the low-hanging fruits in the market and establish strategic initiatives to accelerate their growth.

COVID-19 IMPACT on the Market-

The COVID-19 pandemic has influenced almost all the industries, little or large, dealing in any sector.

The growth curves of Electronically Scanned Arrays Market have witnessed enormous ebb and flows in the year 2020. The market scenario and the pace of growth have taken a huge turn and have prompted numerous adjustments in the cycles. 2022 is probably going to be superior to 2020 for the Electronically Scanned Arrays market players as the greater part of the organizations have continued their activities and the interest is getting re-established for them.

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The Cornerstones in the market-

Listed below are the top key players that dominate the Electronically Scanned Arrays Market –

  • Northrop Grumman Corporation
  •  Aselsan A.S.
  •  Lockheed Martin
  •  Raytheon Technologies
  •  General Dynamics
  • Bae Systems
  •  Leonardo S.P.A.
  •  Israel Aerospace Industries
  •  Indra Company
  •  L3harris Technologies
  •  Teledyne Technologies
  •  Thales Group
  •  Hanwha Systems
  •  Saab Ab
  •   Bharat Electronics Ltd
  •  Airbus Group
  •  Mitsubishi Electric
  •  Telephonics Corporation
  •  Vega Radio Engineering Corporation
  •  Jem Engineering Llc
  •  Cea Technologies
  •  Lig Nex 1
  •  Api Technologies Corp.
  •  Hensoldt Ag
  •  Src, Inc.

Electronically Scanned Arrays Market Segmentation:

The report segments based upon demographics, geographics, benefits and volume etc, has different leading factors and identifies the most-attractive segments and sub-segments. The market segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns that leads a roadmap to success.

The Electronically Scanned Arrays Market is segmented into the following categories.

Based on Installation the market is segmented into fire control radar, tactical data link radar, air traffic control radar, and others.

Based on the Platform the market is segmented into Air, Marine, and Land.

Based on Frequency Band the Electronically Scanned Arrays market is segmented into Single Frequency and Multifrequency. Further division of single band frequencies includes VHF, L-band, S-band, C-band, X-band, and K-band. VHF bands, which range between 30 and 1,000 MHz, are used for long-distance monitoring and tracking. Due to their capacity to provide a lot of bandwidth necessary to collect high-definition signals, they are employed in early warning radar systems like ballistic missile radar, which tracks satellites and missiles. Additionally, these frequencies are employed in biomass-penetrating electronically scanned arrays and foliage/ground penetration. These frequencies can be employed in weather forecasting devices like wind profilers since they are least impacted by rain or cloudburst.

In terms of regions, North America will likely maintain its supremacy in the electronically scanned arrays market throughout the forecast period.  The main reason for this region's supremacy is the large concentration of electronically scanned manufacturers together with rising expenditure on research and development operations.

Concurrently, Asia Pacific is expected to witness the fastest growth in the electronically scanned arrays market during the forecast period.  Due to the region's growing population, infrastructural development, economic expansion, urbanization, and industrialization. The Middle East and Africa are bigger markets for electronically scanned arrays than South America.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis.
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
  • Market trend and forecast analysis.
  • Market segment trend and forecast.
  • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
  • Attractive market segments and associated growth opportunities.
  • Emerging trends.
  • Strategic growth opportunities for the existing and new players.
  • Key success factors.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

  • Company Profiling
  • Detailed profiling of key market players (up to 3 players)
  • SWOT analysis of key market players (up to 3 players)

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