May 11, 2022   SOURCE: BusinessWire

Insights on the Electronically Scanned Arrays Global Market to 2027 - Miniaturization and Self-Regulation of Defense and Surveillance Systems Presents Opportunities - ResearchAndMarkets.com

The "Electronically Scanned Arrays Market Research Report by Type, Platform, Range, Array Geometry, Component, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Electronically Scanned Arrays Market size was estimated at USD 8,328.54 million in 2021, USD 8,908.21 million in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 7.13% to reach USD 12,595.25 million by 2027.

Market Statistics:

The report provides market sizing and forecast across five major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2019 and 2020 are considered historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered the forecast period.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Electronically Scanned Arrays Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Electronically Scanned Arrays Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Electronically Scanned Arrays Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Electronically Scanned Arrays Market?

4. What is the competitive strategic window for opportunities in the Global Electronically Scanned Arrays Market?

5. What are the technology trends and regulatory frameworks in the Global Electronically Scanned Arrays Market?

6. What is the market share of the leading vendors in the Global Electronically Scanned Arrays Market?

7. What modes and strategic moves are considered suitable for entering the Global Electronically Scanned Arrays Market?

Market Dynamics

Drivers

  • Replacement of traditional electronically scanned array systems
  • Geopolitical uncertainties in Asia-Pacific and the Middle East
  • Combination of active electronically scanned arrays with traditional radar system components

Restraints

  • High development costs of radar systems

Opportunities

  • Miniaturization and self-regulation of defense and surveillance systems

Challenges

  • Information quality and assurance
  • Inability of traditional electronically scanned array systems to address multiple/diverse threats

Companies Mentioned

  • Almaz-Antey
  • Financial Highlights
  • Israel Aerospace Industries Ltd.
  • Leonardo-Finmeccanica
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Rada Electronic Industries Ltd.
  • Raytheon Company
  • Reutech Radar Systems
  • SAAB AB
  • Thales Group

For more information about this report visit https://www.researchandmarkets.com/r/rdaoh1