The Electronically Scanned Array (ESA) Market has been experiencing impressive growth in recent years, with an estimated value of USD 7.4 billion in 2021. Projections indicate that this market will reach USD 10.4 billion by 2026, exhibiting a CAGR of 7.1% during the forecast period. The increasing adoption of ESA technology in various sectors, such as defense, commercial aircraft, marine vessels, weather stations, and more, is driving this growth.
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Driving Factors: Radar Upgradation Contracts
One of the primary drivers behind the growth of the Electronically Scanned Array Industry is the rising number of radar upgradation contracts by major military forces worldwide. As defense equipment, including air defense systems, navy vessels, and fighter aircraft, undergo upgrades to enhance performance, ESA technology plays a crucial role in improving surveillance, tracking, and navigation capabilities. Notably, the Royal Air Force of the UK signed an upgradation contract with Leonardo S.p.A. (Italy) and BAE Systems (UK) in 2021 to upgrade their Eurofighter Typhoon Jets with ECRS Mk2 Active electronically scanned array radars.
Opportunities: Geopolitical Instability
Geopolitical instabilities across the globe have led to increased defense budgets in many countries. The rise in active conflicts worldwide has further contributed to the demand for ESA-based radars to counter navy and air force-guided missiles fired from missile defense systems. With ongoing conflicts like the Russia-Ukraine war, the India-Pakistan dispute, the US-China dispute, and others, the implementation of ESA technology is expected to witness further growth in the near future.
Challenges: Stringent Cross-Border Trading Policies
Governments worldwide maintain strict regulations on the trade of defense equipment and technologies, including radars. Compliance with these rules is essential for defense equipment manufacturers to avoid penalties and potential contract termination. Geopolitical unrest can strain trade relations between countries, leading to trade restrictions on the export of defense products to certain regions. Navigating these policies poses a challenge to the ESA market players.
ESA Usage in Aircraft and Frequency Bands:
The ESA market has been significantly impacted by its usage in aircraft, especially for tracking land vehicles, aircraft, and enemy ammunition. Airborne early warning and control (AEW&C) systems rely on ESA radar for command and coordination on the battlefield.
Frequency bands also play a crucial role in ESA applications. VHF bands, L-band, S-band, C-band, X-band, and K-band are all used for different purposes, ranging from long-range surveillance to weather forecasting and mapping.
The Electronically Scanned Array market is witnessing substantial growth due to increasing adoption in various industries, with defense being a significant driver. Geopolitical instability and advancements in radar technology present both challenges and opportunities for ESA market players. The demand for ESA radars in aircraft and the usage of different frequency bands further contribute to the market's expansion. Key players in the ESA market, such as SAAB AB, Raytheon Technologies, and Mitsubishi Electric, are well-positioned to capitalize on the industry's growth and technological innovations in the coming years.
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Based on the tools the report is designed such that it offers a deep-insight for the reader to make aware of the current market developments, drivers, stumbling blocks, market opportunities, and status of the global Electronically Scanned Arrays market.
The report produced is based on a comprehensive analysis of both qualitative and quantitative.About Electronically Scanned Arrays MarketAn electronically scanned array (ESA), is a type of computer-controlled phased array antenna in which the beam of radio waves can be electronically directed to point in different directions without actually moving the antenna.
Electronically scanned arrays market is anticipated to grow with a significant growth rate owing to integration of ESA into radar systems, replacement of traditional ESA systems, and geo-political instability across Asia-Pacific region.
Technological advancement and miniaturization of defense systems would provide lucrative opportunities for the market in the upcoming years.For Better Understanding, Try Sample PDF Brochure of Report (including full TOC, Tables and Figures) @ https://www.esticastresearch.com/report/electronically-scanned-arrays-market/#request-for-sampleThe Electronically Scanned Arrays market report majorly focuses on the market overview, trends, opportunities, product scope, and many more.
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