Press Release
Press Release
The rising application of airborne fire control radars in the military and defence industry owing to the increasing risk of military confrontations and conflicts is driving the market growth. Airborne fire control radars, in the forecast period, are anticipated to witness a significant demand owing to the growing use of military aircraft and helicopters for search, rescue, and surveillance operations. The increased expenditure by the leading industry players such as Northrop Grumman Corporation (NYSE: NOC) to develop advanced aircraft technology is anticipated to aid the market. In addition to this, the growing adoption of active electronically scanning array (AESA) technology in fighter jets is likely to propel the demand for airborne fire control radars in the forecast period. In February 2021, Hindustan Aeronautics Limited (NSE: HAL) announced the installation of ELTA sourced AESR technology in the Jaguar Darin III fighter jets. The ELTA radar is known to be highly efficient for the air-to-air attacks.
In terms of region, the Asia Pacific is likely to witness a steady growth in the forecast period owing to the rising military spending in the emerging economies of the region including India and China. The growing efforts by the Indian government, such as the Make in India initiative, aimed towards enhancing the indigenous manufacturing capabilities of defence equipment in the country are anticipated to augment the market in the forecast period.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major players in the global airborne fire control radar market are Northrop Grumman Corporation, Lockheed Martin Corporation, BAE Systems PLC, Raytheon Company, General Dynamics Corporation, and Airbus SE, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.