Market Share of Electronically Scanned Array Radar Industry
The Electronically scanned array radar market is consolidated. Northrop Grumman Corporation, Lockheed Martin Corporation, THALES, Raytheon Technologies Corporation, and Israel Aerospace Industries are some of the prominent players in the market. As most of the contracts for ESA radars are long-term, companies are trying to attract new customers by showcasing their newer generation radars that have better capabilities and lower system weights, as compared to the older ones. Moreover, due to relatively moderate product differentiation, the companies are heavily investing in developing strategic decisions to maintain a distinct competitive advantage through collaborations and acquisitions. For instance, in January 2022, Italian defense technology company Leonardo received contracts worth USD 280 million for work on the delivery of new e-scan radars for German and Spanish Typhoon fighter fleets. Such developments are expected to help the players in gaining new contracts and tapping new markets, thereby, increasing their market shares.
Electronically Scanned Array (ESA) Radar Market Leaders
Northrop Grumman Corporation
Lockheed Martin Corporation
Israel Aerospace Industries
Raytheon Technologies Corporation
THALES
*Disclaimer: Major Players sorted in no particular order
