According to a new report from Strategy Analytics, global defense radar spending will grow to $20 Billion in 2028 with radar shipments growing at a CAGR of 3.2%. The majority of this rise can be attributed to Active Electronically Scanned Arrays (AESA) based radar systems. AESA (Active Electronically Scanned Array), wideband and digital technologies will continue to drive new procurement and upgrade opportunities. The associated market for semiconductor and other components will approach $3.7 billion in 2028.
AESA radar systems have become a requirement for most new platforms and major upgrades. The increased capabilities and performance of AESA-based radars help expand mission envelopes and increase force multiplication. The performance advantages of GaN is critical to the benefits of AESA radars, so despite the uncertain short-term COVID-19 implications, experts remain optimistic for AESA radar deployment and GaN revenue to grow quickly in the defense radar segment. The report forecasts that GaN will be the fastest growing device technology, with revenue increasing by a factor of four over the forecast period.
The Strategy Analytics Advanced Defense Systems (ADS) report “Global Radar Market Forecast: 2018 - 2028” segments defense radar spending and shipments by region, domain and mission, along with segmenting expenditures by power level, frequency range, functional content and semiconductor technology.
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