Strides made in radar technologies in various parts of the world has propelled the evolution of the electronically scanned arrays market. They fall into two types: active electronically scanned arrays (AESA) and uninvolved electronically scanned arrays (PESA).
Developing countries have provided a large prospect to stakeholders in the electronically scanned arrays market on the back of relentless efforts of the militaries of countries to advance their radar infrastructure. Growing preference for high-end radar systems has become a norm for surveillance companies. Rising number of security threats and their growing complexity are key factors propelling the need for such technically advanced radar systems, thereby boosting the market. Telecom and aerospace companies engaged in offering solutions to weather battlefield surveillance are incorporating electronically scanned arrays.
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Vendor landscape is moderately fragmented. Constant entry of new players has kept the market increasing competitive, with vendors locked in intense competition to garner higher share by meeting a wide cross-section of demands. They are coming out with novel technologies for making surveillance more efficient and ready to meet the emerging security threats. However, vendors see slow uptick in demand due to long replacement cycle radar systems typically have.
Rising Threat of Terrorist Activities Bolster Demand for Technologically Advanced Radar
Some of the regions where companies are witnessing substantial revenue potential in the electronically scanned arrays market are North America, Asia Pacific (APAC), Europe, Middle East and Africa (EMEA) and South America. Of these, North America held a prominent share in the global electronically scanned arrays market. Rise in research and development activities in the region, such as in Canada and the U.S., has spurred revenue streams in the regional market.
On the other hand, Asia Pacific has come out with remarkable revenue potential. Growing threats of terrorist activities and cross-border surveillance has spurred prospects in the regional market.
Some of the key players in the electronically scanned arrays market are Mitsubishi, Toshiba, Elta, The Raytheon Company Saab AB, Ericsson, Lockheed Martin Corporation, and Northrop Grumman Corporation.
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