The global digital radio frequency memory (DRFM) market is likely to cross USD 1,091.45 million in 2023 and is predicted to secure a fast-paced CAGR of 11.1% during the forecast period. The market is expected to record a value of USD 3,127.11 million by 2033. The growth is attributed to the rising demand for advanced electronic warfare capabilities in defense applications.
A DRFM, or digital radio frequency memory, system processes received signals in real time, generally radar. A DRFM can fool the radar system by digitizing, interpreting, and disseminating an adversary’s radar pulses, which is particularly essential when protecting against radar-guided missiles. DRFM systems are typically made up of broadband RF hardware, high-speed digitization modules, and low-latency FPGA processing boards.
The digital radio frequency memory market has been pushed by the deployment of unmanned aerial vehicles and innovations in technology in military equipment. A DRFM can employ coherent methodologies (coherent replicas of received signals) and has comprehensive programming capabilities that allow for many bogus echoes with complex seeming kinematic rules and waveform synthesis.
Uncover the Massive Market Potential of Digital Radio Frequency Memory – Get Our Sample Report Now
This makes it ideal for electronic warfare technologies, as it reduces the likelihood of detection by hostile radars and gives enough time for evading them. The digital radio frequency memory market is anticipated to continue growing at an increased pace during the time frame of the forecast, owing to technical advancements in defense radars and the introduction of cognitive digital warfare.
Trust in consumers and purchasing will suffer as retail inflation escalates. Lower investment in capital is paving the way as corporations pause their expenditures due to inflation fears and weaker demand. With sluggish growth and high inflation, developed markets appear to be on the verge of a recession.
Turbulent financial markets, rising trade tensions, a tightening regulatory environment, and increased pressure to incorporate climate change into economic decisions will add to the complexity of the issues ahead. Some of the reasons limiting the growth of the worldwide digital radio frequency memory market also include limited military budgets in emerging economies.
As international disputes escalate, the military industry in numerous regions is raising investments in order to enhance its defense system, boosting the digital radio frequency memory market. The defense system in developing countries is not as advanced, and investments are modest, limiting the expansion of the DRFM industry.
Regional Takeaways
- The market for digital radio frequency memory (DRFM) is expanding rapidly in North America as a result of the region’s military’s widespread acceptance of technology improvements.
- Emerging economies like India and China in the Asia Pacific region, will see rapid growth in the market. This predicted expansion can be linked to greater investment in the defence sector and efforts towards becoming an economic powerhouse.
- Due to breakthroughs in cognitive electronic warfare technology and the presence of multiple market participants, possibilities for digital radio frequency memory market players in Europe will stay accessible in the next years.
Market Competition
The digital radio frequency memory (DRFM) ecosystem includes key players such as
- Mercury Systems
- Airbus Group
- Northrop Grumman Corporation
- BAE Systems Plc.
- Curtiss-Wright Corporation
- Israel Aerospace Industries
Checkout the Report for Market-Driven Insights
Recent Developments
- July 2023 – Larsen & Toubro (L&T), an Indian multinational firm engaged with India’s Space Program for over 50 years, partnered with ISRO for the launch of Chandraayan 3. The LVM3 Launcher, ISRO’s heavy-lift launcher was produced at L&T’s hi-tech Aerospace Manufacturing Facility.
- July 2023 – Mercury Systems Inc., an information technology company that provides processing power for some of the most demanding aviation and defense mission, received a contract worth $ 14 million from PIT-RADWAR S.A., a supplier of the Republic of Poland’s Armed Forces, for the supply of subsystem processing boards for a new mobile radar system. The contract stipulates that Mercury Inc. is to modernize the system architecture with a new design under this contract with a view to improving the radar’s performance, range and efficiency.
Key Segments Covered in the Digital Radio Frequency Memory (DRFM) Industry Survey
By Application:
- For Electronic Protection of Platforms
- For Wideband Receivers
- For IFMs
- For Cross-Eye Jamming
- For Communication System Jamming
By Architecture:
- Memory Processor
- Memory Modulator
- Memory Converter
- Other Digital Radio Frequency Memory Architectures
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
