PUNE, India, November 17, 2016 /PRNewswire/ --
The report "Electronically Scanned Arrays Market by Type (Active and Passive), Platform (Airborne, Land, and Naval), Range (Short, Medium, and Long), Array Geometry (Linear, Planar, and Frequency Scanning), Component, and Region - Global Forecast to 2021", published MarketsandMarkets, the market is projected to grow from USD 6.24 Billion in 2016 to USD 8.43 Billion by 2021, at a CAGR of 6.20% during the forecast period. The base year considered for the study is 2015, and the forecast period is from 2016 to 2021.
Browse 75 market data Tables and 85 Figures spread through 179 Pages and in-depth TOC on "Electronically Scanned Arrays Market"
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Factors such as replacement of traditional electronically scanned array systems and integration of active electronically scanned arrays with traditional radar system components are expected to drive the growth of the electronically scanned arrays market.
Based on type, the active segment of the electronically scanned arrays market is expected to grow at the highest CAGR during the forecast period
Active electronically scanned arrays (AESA) also known as active phased array radars (APAR) are equipped with transmitters and receivers, which are composed of numerous small solid-state transmitter/receiver modules. These radars are considered to be highly effective for radar resource management. Active electronically scanned arrays are capable of spreading emissions across a wide range of frequencies, and thus, are widely utilized for land and sea surveillance.
Based on platform, the naval segment is expected to grow at the highest CAGR during the forecast period
Based on platform, the naval segment of the Electronically Scanned Arrays Market is projected to grow at the highest CAGR during the forecast period. Naval radars are used for detection and tracking of naval activities. Detection of warships, submarine, offshore patrol vessels (OPV), and other naval vessels is the prime function of naval-based radar systems. These systems are also utilized for the detection of anti-ship missiles and other ammunitions.
Based on range, the medium range segment is expected to grow at the highest CAGR during the forecast period
The medium range segment of the electronically scanned arrays market is anticipated to grow at the highest CAGR from 2016 to 2021. Frequency bands such as X, K, Ku, and Ka are considered under the medium range. Medium-range electronically scanned arrays function within the frequency range of 8 GHz to 40 GHz. These radars are used to detect targets typically between 50 km and 150 km range. Medium-range electronically scanned arrays are utilized in air traffic management, maritime activities, warships, and naval activities.
Asia-Pacific is projected to grow at the highest CAGR during the forecast period
The electronically scanned arrays market in the Asia-Pacific region is anticipated to grow at the highest CAGR during the forecast period, owing to increasing terror threats in this region, which have propelled the demand for upgrading surveillance capabilities. Territorial disputes among countries in the Asia-Pacific region have grown considerably over the past decade. This has further led to rise in military budgets to enhance anti-missile capacities, thereby contributing to the increasing demand for electronically scanned arrays in the Asia-Pacific region.
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Key players in the electronically scanned arrays market include Lockheed Martin Corporation (U.S.), Saab AB (Sweden), Northrop Grumman Corporation (U.S.), The Raytheon Company (U.S.), and Thales Group (France).
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