Airborne Radars Market

Northrop Grumman Corporation (US) and BAE Systems (UK) are Leading Players in the Airborne Radars Market

The airborne radars market is projected to grow from USD 4.1 billion in 2020 to USD 6.0 billion by 2025, at a CAGR of 8.0% from 2020 to 2025. Some of the factors that are expected to fuel the growth of the airborne radars market include the increasing demand for phased array radar for better operational efficiency and development of compact radar for UAV platforms.

Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Thales Group (France), Hensoldt AG (Germany), Leonardo SPA (Italy), BAE Systems (UK), Saab AB (Sweden), Aselsan (Turkey), Elbit Systems (Israel) and L3 Harris Technologies (US) are some of the leading players operating in the airborne radars market. These players offer wide range of airborne radar solutions that focus on functions including defense & security and commercial l& civil. Various growth strategies such as contracts, acquisitions, expansions, new product launches, and partnerships & agreements are being adopted by the leading players to further expand their presence in the airborne radars market.

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Northrop Grumman Corporation is an American manufacturer and contractor for high-priority defense and government service technology programs in the US. It also conducts business with local, state, and foreign governments, along with international customers in the commercial sector. The company has refocused its strategy and investments to take better advantage of its core technological and software strengths in high-growth businesses that participate in attractive defense markets. This strategy has made it the largest manufacturer and supplier of airborne fire control Electronically Scanned Arrays (ESAs).

The company emphasizes on acquiring new customers in the field of airborne radars market. For instance, in January 2021, Northrop Grumman Corporation was awarded a contract worth USD 325 million by the US Air Force to provide support for the Joint Surveillance Target Attack Radar System (Joint STARS).

The company focuses on launching new products to meet the requirements of end users and gain an edge over its competitors. For instance, in February 2019, Northrop Grumman Corporation integrated the advanced AN/APG-83 SABR system onto multiple configurations of the F-16 aircraft, such as fighters, bombers, and other aircraft platforms.  The company is currently expanding to additional platforms, such as the US Air Force (USAF) B-52H Stratofortress and B-1B Lancer bombers as well as the US Marine Corps F/A-18C/D Hornet strike fighter.

BAE Systems has been successful in acquiring and aligning complementary technological solution providers through business mergers & acquisitions. The company has achieved substantial success while integrating several technology companies with a wide range of product portfolios in the past few years. This has helped BAE Systems to streamline its operations and to build a reliable supply chain. The company invests in developing various innovative solutions and services to cater to the requirements of its customers. BAE Systems is primarily engaged in developing, selling, and support provision for airborne radar solutions. The airborne radar segment delivers solutions for airborne radar that offer weather monitoring, navigation and battlefield surveillance.

In September 2020, BAE Systems, along with Leonardo (Italy), was awarded a contract worth USD 420.6 million to develop and supply the European Common Radar System Mark 2 (ECRS Mk2) radar for the Royal Air Force's (RAF) Eurofighter Typhoons, based on Active Electronically Scanned Array (AESA) technology. In June 2020, BAE Systems partnered with the Airforce Research Laboratory (AFRL) (US) for the development of next-generation radars, electronic warfare, and communication technology. With this partnership, the company will work on the development of defense-critical GaN technologies and provide Department of Defense (DoD) suppliers with access to support warfighters.

Lockheed Martin Corporation drives profitable growth through R&D and technological excellence by monitoring the requirements of its principal customers, who offer significant funding and investments for the development of technologies and systems for use in defense programs. The company has strong customer base and geographical presence. Lockheed Martin Corporation also focuses on alliances that can increase its market value and, hence, it views industry collaborations and acquisitions as a key growth strategy. Its acquisitions are intended to supplement its core growth and strengthen its business operations.

In February 2020, LONGBOW LLC, a joint venture between Lockheed Martin and Northrop Grumman Corporation, was awarded a contract valued at USD 235.8 million to provide post-production support services for the AH-64 Apache helicopter AN/APG-78 LONGBOW Fire Control Radar (FCR) to international customers.

Related Reports:

Airborne Radars Market by Technology (Software-defined Radar, Conventional Radar, Quantum Radar), Dimension (2D, 3D, 4D), Application, Platform, Waveform, Component, Frequency Band, Range, Installation Type, and Region - Global Forecast to 2025

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Report Code
AS 7864
RI Published ON
4/5/2021
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