Market Size of Electronically Scanned Array Radar Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.45 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Electronically Scanned Array (ESA) Radar Market Analysis
The electronically scanned array radar market is anticipated to grow from USD 7.51 billion in 2022 to USD 11.34 billion in 2028, registering a CAGR of 6.45% during the forecast period.
The overall effect of the COVID-19 outbreak has an impact on the manufacturing process of several industries in the radar market. As the governments of different provinces have already announced a complete lockdown and the temporary shutdown of industries, the overall production process has hampered the growth of the market globally during the pandemic. The emergence of modern warfare systems, such as electronic warfare (EW) and network-centric warfare (NCW), has bolstered the use of radars in military operations, thereby driving the demand for the market
The increasing demand for obtaining real-time information in warfare situations and the growing need for the quick and timely detection of fast-moving targets on the battlefield are some of the major drivers for the growth of the market. Electronically scanned array radars are constantly evolving, in terms of capabilities, due to the ongoing developments in frequency bands. This, in turn, is contributing to the growth in demand for these radars.
