The global market for Electronically Scanned Arrays systems is estimated to reach US$ 16,916.1 million by 2033, increasing at a CAGR of 6.3%. The projected period will see an increase in the market for electronically scanned arrays due to increased demand and the number of radar upgrade contracts around the world.
According to a recent survey published by FMI, the global Electronically Scanned Arrays system market is expected to grow at a healthy CAGR during the forecast period between 2023 and 2033 The objective of the report is to uncover micro and macro-economic factors accelerating the sales of Electronically Scanned Arrays system over the coming decade.
The Introduction of Industry 4.0 Technology Will Open Up New Growth Pathways for the Electronically Scanned Arrays System Market
The industrial sector is undergoing a change as firms throughout the world place a strong emphasis on using advanced automation. This is usually referred to as Industry 4.0.
With the advent of Industry 4.0, manufacturing facilities are prioritising the use of novel technologies such as artificial intelligence, smart manufacturing, the internet of things (IoT), and machine learning, among others. This is expected to provide profitable growth chances in the market for Electronically Scanned Arrays systems.
Furthermore, rising government emphasis on improving the manufacturing sector and integrating augmented and virtual reality with smart equipment to boost output are expected to drive market demand in the coming years.
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Key Electronically Scanned Arrays system Market Takeaways and Projections
· The U.S. is estimated dominate the Electronically Scanned Arrays system market in North America, accounting for the largest share in the region through 2022.
· Germany is projected to account for a significant share in the Europe market over the assessment period.
· China is forecast to hold the lion’s share the East Asia market, projecting the fastest growth in the region between 2023 and 2033
· India is anticipated to emerge as a highly remunerative market in South Asia, accounting for the largest sales during the forecast period.
Report Benefits & Key Questions Answered
· Electronically Scanned Arrays system Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities and challenges. It studies their impact on the market over the previous assessment period 2016-2020. The report provides crucial insights to market players to capitalize on opportunities and counter challenges.
· Electronically Scanned Arrays system Demand-Supply Assessment: A latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Electronically Scanned Arrays system market. As per the survey, Electronically Scanned Arrays system sales will project steady growth over the forecast period.
· Electronically Scanned Arrays system Consumption by Demographics: The report published by FMI provides consumption by demographics analysis to assist the market players in formulating their marketing strategies on the basis of purchasing power of the customers. It examines changes in consumer behavior and also studies its effect on the demand for Electronically Scanned Arrays system.
· Electronically Scanned Arrays system Market Trend Analysis: FMI’s market trend analysis provide detailed insights into current and upcoming trends in the industrial automation industries. It also assist the industry players to identify potentials trends to capitalize on them.
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Key Companies Profiled
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Company
- Leonardo-Finmeccanica
- Mitsubishi Electric Corporation
- Saab AB
- Thales Group
- Israel Aerospace Industries Ltd.
- Toshiba
- Defence Research and Development Organization
- RADA Electronic Industries
- Ericsson
Key Segments Profiled in the Electronically Scanned Arrays System Market Report
By Product Type:
- Active
- Passive
By Application Platform:
- Land
- Naval
- Airborne
By Range:
- Short Range
- Medium Range
- Long Range
By Array Geometry:
- Planar
- Frequency Scanning
By Components:
- Transmit Receive Module (TRM)
- Beam forming Network (BFN)
- Phase Shifters
- Signal Processing
- Radar Data Processor
- Power Supply Module
- Cooling System
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Central Asia
- Russia & Belarus
- Balcan & Baltic Countries
- East Asia
- South Asia & Pacific
- Middle East and Africa
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About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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