Global AESA Radar Market Size, Share & Trends, COVID-19 Impact Analysis Report, By Type (Self-erecting AESA Radars, Flat Top AESA Radars, Hammerhead AESA Radars, and Luffing Jib AESA Radars), By Range (Very Long (> 500 km), Long (200-500 km), Medium (50-200 km), Short (10-50 Km), and Very Short (< 10 Km)), By Platform (Airborne, Land-Based, and Ship-Borne), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030Industry: Aerospace & Defense
AESA RADAR MARKET: OVERVIEW
The AESA Radar Market Size was valued at USD 7.20 Billion in 2021, the market is projected to grow USD 16.30 Billion in 2030, at a CAGR of 5.60%.
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The advantages of active electronically scanned arrays, such as their ability to create numerous beams simultaneously and use groups of TRMs for multiple functions concurrently are driving the global market. Due to their ability to operate independently, active electronically scanned array systems are more reliable than conventional passive electronically scanned array designs. Individual failures have little impact on the overall performance of the system. Furthermore, the modules run independently at low powers of between 40 and 60 watts, negating the requirement for a high voltage power source. Active electronically scanned arrays are quickly becoming the dominant segment and are being used for a variety of applications with airborne installations. This is expected to boost market growth during the forecast period.
Due to the COVID-19 pandemic, the worldwide aerospace and defense (A&D) manufacturing industry has been experiencing unprecedented upheaval. The defense industry is anticipated to remain steady and expand, nonetheless, as the majority of nations have not cut their defense spending and are still committed to maintaining their military prowess. Some of the most obvious consequences of the pandemic's influence on the defense industry are supply-side interruptions. Businesses in nations that have been severely hit by COVID-19 or those reliant on supply chains that are based in affected countries have been the pandemic's first casualties. Thus, some of the defense programs may experience temporary cost increases and delays as a result of the wider supply chain disruption.
AESA RADAR MARKET: TREND
Rising Demand of AESA Radars in New-Generation Fighter Aircraft Boost Market Growth
The majority of modern fighter aircraft are outfitted with AESA systems, which has led to an increase in the employment of AESA radars. Some of the most popular fighter jet models now on the market, including the F-22, F-35, Dassault Rafale, Eurofighter Typhoon, and Boeing F/A-18E/F, all include these radars. One of the largest AESA radar manufacturers in the world, Northrop Grumman, was given a request in February 2020 to upgrade 72 US Air Force F-16s with its APG-83 Scalable Agile Beam Radar to satisfy a joint emergent operational requirement for homeland defense put forth by the US Northern Command. As a result, it is anticipated that there will be an increase in the deliveries of aircraft equipped with AESA radars.
Global AESA Radar Market Report Coverage
|Market Size in 2021:||USD 7.20 Billion|
|Forecast Period:||2021 - 2030|
|Forecast Period 2021 - 2030 CAGR:||5.60%.|
|2030 Value Projection:||USD 16.30 Billion|
|Historical Data for:||2017-2020|
|No. of Pages:||230|
|Tables, Charts & Figures:||128|
|Segments covered:||By Type, By Range, Very Short, By Region, COVID-19 Impact Analysis Report|
|Companies Covered:||Lockheed Martin Corporation, Northrop Grumman Corporation, Leonardo S.p.A., Israel Aerospace Industries, Raytheon Technologies Corporation, Airbus, BAE Systems, General Dynamics Corporation, Honeywell International, Saab AB, Thales Group, Others|
|Growth Drivers:||1) Rising Demand of AESA Radars in New-Generation Fighter Aircraft Boost Market Growth. 2) Increasing Application of AESA Radars in Defense Sector Propel Market Growth|
|Pitfalls & Challenges:||Constantly Evolving in Terms of Capabilities Hamper Market Growth|
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AESA RADAR MARKET: DRIVERS
Increasing Application of AESA Radars in Defense Sector Propel Market Growth
The active phased array radar system enables ships and airplanes to emit potent radar signals while yet staying stealthy since it can disperse signal emissions across a larger frequency range, making them difficult to detect over background noise. The ESSM and SM-2 Block IIIA missiles are supported by the active phased array radar's missile guidance capability. Active phased array radar is the predominant type of radar employed in modern combat aircraft. As a result, the defense industry is a primary driver of the AESA radar market.
AESA RADAR MARKET: RESTRAIN
Constantly Evolving in Terms of Capabilities Hamper Market Growth
The capabilities of electronically scanned array radars are continually changing as a result of ongoing improvements in frequency bands. This in turn is causing the demand for these radars to increase.
AESA RADAR MARKET: SEGMENTATION
The Global AESA Radar Market is segmented by Type, Range, Platform, and Region. Based on the Type, the market is categorized into Self-erecting AESA Radars, Flat Top AESA Radars, Hammerhead AESA Radars, and Luffing Jib AESA Radars. Based on Range, the market is categorized into Very Long (> 500 km), Long (200-500 km), Medium (50-200 km), Short (10-50 Km), and Very Short (< 10 Km). Based on Platform, the market is categorized into Airborne, Land-Based, and Ship-Borne. Based on the Region, the market is categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
SEGMENTATION: BY REGION
Based on the Region, the Global AESA Radar Market is categorized into North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
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The North America region is expected to dominate the market share owing to the biggest defense spending by the United States and the purchase of cutting-edge military radars that are to blame for the growth. The market is expected to increase as a result of efforts and programs like the Air and Missile Defense Radar and Three-Dimensional Expeditionary Long-Range Radar. Important OEMs like Boeing, Lockheed Martin, Northrop Grumman, and others also contribute to the market's expansion.
Europe is predicted to be the second-most prominent region in the market due to the expanding military modernization initiatives. Spain, Germany, and other countries where military spending has risen year over year are anticipated to make a demand. German defense electronics and Sensor Company HENSOLDT and Airbus Defense and Space agreed to a USD 1.70 billion contract in July 2020 to supply all new AESA Radars for the Eurofighter fleets of Germany and Spain. According to the contract, the business would provide 130 aircraft with fighter aircraft radar components such as digital multi-channel receivers, antenna receivers, and transmitter modules.
The Asia Pacific is expected to highest growth during the projection period. The demand for advanced threat detection systems is rising in the Asia-Pacific as a result of the region's developing cross-border problems and geopolitical tensions in nations like China-India and India-Pakistan. The Indian Defense Ministry and Mahindra Telephonic signed a contract in June 2021 to buy eleven airport surveillance radars for the Indian Coast Guard and Indian Navy.
AESA RADAR MARKET: KEY PLAYERS
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Leonardo S.p.A.
- Israel Aerospace Industries
- Raytheon Technologies Corporation
- BAE Systems
- General Dynamics Corporation
- Honeywell International
- Saab AB
- Thales Group
AESA RADAR MARKET: RECENT DEVELOPMENT
- March 2021- A contract for the purchase of radar systems for USD 175 million was signed by the defense ministers of Slovakia and Israel. According to the agreements, Israel will provide the Slovak Air Force with seventeen highly advanced radar systems built by Israel Aerospace Industries (IAI).
- April 2021- A modification contract worth USD 243.2 million was signed by Raytheon Technologies Corporation and the Missile Defense Agency for the delivery of the AN/TPY-2 radar, which was created to detect ballistic missiles and direct the Terminal High Altitude Area Defense system.
AESA RADAR MARKET: REPORT OVERVIEW
The scope of the report includes a detailed study of regional markets for Global AESA Radar Market. The Global AESA Radar Market is segmented by Type, Range, Platform, and Region. It reveals the market situation and future forecast. The study also covers the significant data presented with the help of graphs and tables. The report covers information regarding the competitive outlook including the market share and company profiles of the key participants operating in the Global AESA Radar Market.
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