DUBLIN, Nov 22, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Electronically Scanned Arrays Market by Type, Platform, Range, Array Geometry, Component, and Region - Global Forecast to 2021" report to their offering.
The electronically scanned arrays market is projected to grow from USD 6.24 Billion in 2016 to USD 8.43 Billion by 2021, at a CAGR of 6.20% during the forecast period. Replacement of traditional electronically scanned array systems and integration of active electronically scanned arrays with traditional radar system components are key factors expected to drive the growth of the electronically scanned arrays market. The electronically scanned arrays market has been segmented on the basis of type, platform, range, array geometry, component, and region. The type segment has been further divided into active and passive electronically scanned arrays. Among them, the active segment is projected to grow at the highest CAGR from 2016 to 2021. Active electronically scanned arrays encompass individual transmit/receive modules, which offer increased capability to these arrays for detecting numerous objects at a particular point of time. Several defense organizations worldwide have started installing active electronically scanned array (AESA) radars in defense aircraft to enhance tracking capabilities. Based on platform, the electronically scanned arrays market has been segmented into land, naval, and airborne. Among them, the land segment is anticipated to grow at the highest CAGR from 2016 to 2021. Land-based electronically scanned arrays are used to obtain real-time information in warfare situations. Furthermore, land-based systems can also effectively locate unexploded ordinance and tunnels. Based on region, the electronically scanned arrays market has been segmented into North America, Europe, Asia-Pacific, the Middle East, and rest of the world. North America is estimated to lead the electronically scanned arrays market in 2016. High demand for air surveillance systems and increase in the procurement of air & missile defense radars in the U.S. and Canada are factors anticipated to drive the growth of the electronically scanned arrays market in North America. Moreover, due to constant developments in frequency bands, electronically scanned arrays are developing the capability to detect objects in an accurate manner. This has further contributed to the growing demand for electronically scanned arrays. Companies Mentioned: