Airborne Warning and Control Systems (AWACS) are mobile, long-range surveillance radar and control center used for air defense based on an airborne radar system installed on an aircraft. The primary objective of these systems is to detect far off targets, including aircraft, missiles, ships, and vehicles. These airborne systems provides an advantage over ground-based radar systems by providing more effectiveness in look-ahead capability and detailed coverage of a large volume of airspace. Boeing E-3 Sentry and Northrop Grumman E-2 Hawkeye are two of the highly capable and common AWACS in the world.
MARKET SCOPE
The "Global Airborne Warning and Control Systems Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of Airborne Warning and Control Systems market with detailed market segmentation by component, application, and geography. The global Airborne Warning and Control Systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Airborne Warning and Control Systems market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the market is segmented into RADAR, Command and Control System, Communication Support System
- Based on Application, the market is segmented into Surveillance, Communications, Battle Management, Others
MARKET DYNAMICS
Drivers:
- Development of advanced RADAR systems with enhanced capabilities
- Rising number of illicit activities and geopolitical conflicts
Restraints:
- Complexities in research and development by developing countries
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Airborne Warning and Control Systems market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Airborne Warning and Control Systems market in these regions.
IMPACT OF COVID-19 ON AIRBORNE WARNING AND CONTROL SYSTEMS MARKET
At the onset of the COVID-19 pandemic, major defense industry players saw a disruption in the supply chain due to the shutdown of industrial facilities and restrictions on transit between nations. For instance, BAE systems experienced delays in procurement on the industry side, along with delayed requests for proposals from the government. However, several defense projects gradually opened up owing to the dire need of the governments to ensure a strong defense force. For instance, the US government infused $4.6 billion into the defense-industrial base between the start of the pandemic and Jan. 31, 2021. Moreover, the defense budget of major economies remained unaffected in 2021 as the geopolitical conflicts are on the rise and airborne warning and control systems provide strengthened air defense support. Therefore, the impact of COVID-19 pandemic was initially negative on the market due to disruptions in the global supply chain, and the market is starting to recover in 2021 as governments are readily investing in essential defense projects.
MARKET PLAYERS
The report covers key developments in the Airborne Warning and Control Systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership and collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Airborne Warning and Control Systems market are anticipated to lucrative growth opportunities in the future with the rising demand for Airborne Warning and Control Systems in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Airborne Warning and Control Systems market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BAE Systems
- Beriev Aircraft
- Embraer S.A.
- Israel Aerospace Industries, Ltd.
- L3Harris Technologies, Inc.
- Leonardo S.p.A.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Saab AB
- Shaanxi Aircraft Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.