Impact of COVID-19 on the Electronically Scanned Array Market: Challenges and Opportunities


Posted March 13, 2024 by AmrutCM

The Electronically Scanned Array Market is estimated to be USD 7.4 Billion in 2021 and is projected to reach USD 10.4 Billion by 2026, at a CAGR of 7.1% from 2021 to 2026.
 
The Electronically Scanned Array (ESA) Market is witnessing significant growth, with market statistics indicating an estimated value of USD 7.4 Billion in 2021, projected to reach USD 10.4 Billion by 2026, at a Compound Annual Growth Rate (CAGR) of 7.1% during the forecast period. This report provides comprehensive insights into key market trends, drivers, opportunities, challenges, and industry dynamics shaping the Electronically Scanned Array Industry landscape, offering actionable intelligence for industry stakeholders.

Market Size and Growth Trends:

The Electronically Scanned Array Industry is experiencing robust growth, driven by increasing adoption across defense and commercial sectors, including aircraft, marine vessels, weather stations, airport surveillance, unmanned vehicles, and satellites. Despite challenges posed by the COVID-19 pandemic, the market continues to expand, supported by rising demand for upgraded surveillance and tracking systems, geopolitical instability, and technological advancements.

COVID-19 Impact on the Electronically Scanned Array Market:

The Aerospace & Defense industry has faced challenges due to reduced defense budgets and research project delays amidst the COVID-19 pandemic. Export restrictions and supply chain disruptions have impacted the development and export of Electronically Scanned Arrays, particularly to regions in the Middle East, Africa, and Latin America.

Get a Deeper Understanding of the Industry by Visiting: https://www.marketsandmarkets.com/Market-Reports/electronically-scanned-array-market-225708729.html

Drivers:

Increasing Radar Upgradation Contracts: Major militaries worldwide are investing in upgrading defense equipment, including air defense systems, navy vessels, and fighter aircraft, to enhance performance. Upgradation of surveillance, tracking, and navigation systems with advanced ESA technology improves military equipment capabilities, driving demand for ESA installation.

Opportunities:

Geopolitical Instability: Rising geopolitical tensions and active conflicts globally have led to increased defense budgets and demand for advanced radar systems. Electronically Scanned Arrays are preferred for countering navy and air force-guided missiles, presenting opportunities for market growth amidst geopolitical uncertainties.

Challenges:

Stringent Cross-Border Trading Policies: Vigilant government regulations and trade restrictions on defense equipment pose challenges for manufacturers, requiring compliance with diverse rules and regulations. Non-compliance risks severe consequences, impacting trade relations and market access.

Market Segmentation:

The study categorizes the Electronically scanned array market based on Application, Industry, Solution, End User, and Region:

By Installation:

Fire Control Radar
Tactical Data Link Radar
Air Traffic Control Radar
Others

By Platform:

Air
Marine
Land

By Component:

Transceiver Module
Phase Shifters
Beamforming Network
Signal Processing Module
Radar Data Processor
Others

By Frequency Band:

Single Frequency
Multifrequency

By Range:

Short range
Medium Range
Long Range

By Array Geometry:

Planar Array
Linear Array
Frequency Scanning Array

By Dimension:

2D
3D
4D

By Type:

Active Electronically Scanned Array (AESA)
Passive Electronically Scanned Array (PESA)

By Region:

North America
Asia Pacific
Europe
Middle East & Africa
Latin America

Download Sample PDF Copy to Understand More: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=225708729

Air Platform Segment Leadership: Electronically Scanned Arrays used in aircraft, including unmanned aerial vehicles (UAVs), fixed-wing, and rotary-wing aircraft, lead the market. These systems enhance surveillance, tracking, and navigation capabilities critical for military operations.

Single Band Frequency Segment Dominance: Single band frequencies, including VHF, L-band, S-band, C-band, X-band, and K-band, play a significant role in radar applications. Each frequency band offers unique advantages for specific applications, driving demand across diverse sectors.

Transceiver Module Component Contribution: Transceiver modules serve as essential elements of Electronically Scanned Arrays, facilitating radio wave transmission and reception for responsive beam steering. Advancements in MMICs and GaN technology enhance transceiver module performance, driving market growth.

North America Market Leadership: North America contributes the largest share to the ESA market, driven by technological innovation, defense investments, and strategic partnerships. Emerging trends, such as 4D ESA radar technology, further bolster market growth in the region.

Key Market Players:

Prominent companies in the Electronically Scanned Array Industry include SAAB AB, Raytheon Technologies, Mitsubishi Electric, Thales Group, Northrop Grumman Corp., and Lockheed Martin, among others. These global players lead the market with innovative solutions, advanced technologies, and strategic collaborations, catering to diverse end-user requirements.

Emerging Industry Trends:

4D ESA Radar Technology: 4D ESA radar represents the latest technological advancement, offering multi-functional surveillance and target acquisition capabilities. Systems like TRML-4D developed by Hensoldt AG provide enhanced situational awareness and support diverse military operations, driving market adoption and growth.

The Electronically Scanned Array Market presents lucrative opportunities for stakeholders, driven by increasing defense investments, technological advancements, and geopolitical tensions. Despite challenges posed by the COVID-19 pandemic and stringent trade policies, strategic partnerships and innovation are key to sustained market growth and competitiveness in the global ESA industry.

Disclaimer: This report offers comprehensive insights into the Global Electronically Scanned Array Industry, providing valuable information for stakeholders navigating the evolving landscape of radar technology and capitalizing on emerging market opportunities.

Read our Related Article on Defense Industry Outlook: https://t.ly/YK5rG

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we formally transformed into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, and facilitates analysis of interconnections through applications, helping clients look at the entire ecosystem and understand the revenue shifts in their industry.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.

630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441

Email: [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By MarketsandMarkets Research Pvt., Ltd.
Phone +1 8886006441
Business Address Tower B5, office 101, Magarpatta SEZ, Hadapsar, Pune
Country United States
Categories Defense , News , Research
Tags electronically scanned array , electronically scanned array market , electronically scanned array industry
Last Updated March 13, 2024