The radar warning receiver market is estimated to register a CAGR of more than 5% during the forecast period from 2018 to 2023.
The Radar Warning Receiver (RWR) system acts as an important tool for evading threats. For instance, if an enemy fighter aircraft has fired a missile at the aircraft, the RWR system is used to detect the changes in path of the missile and notify the pilot with insistent warning on RWR system display.
The factors driving the growth of the market are increasing procurement of electronic warfare systems due to growing transnational and regional instability and increasing adoption of integrated warfare systems. However, the developing countries procuring more conventional warfare systems rather than electronic warfare systems is hampering the radar warning receiver market growth.
In regions, North America is expected to grow substantially in the RWR market during the forecast period. Moreover, countries, such as the US and Canada have a significant growth during the forecast period. Since, North America has a presence of major companies, such as ASELSAN A.Ş, BAE Systems, Leonardo S.p.A, Lockheed Martin Corporation, Israel Aerospace Industries Ltd. In addition, regions, such as Europe and the Middle East Africa,t show prominent growth due to the fast-paced growth in the defense sector. As a result, the market growth for RWR system will rise during the forecast period.
The key players in the radar warning receiver market are ASELSAN A.Ş.(Turkey), BAE Systems (UK), Bharat Electronics Limited (India), Indra (Spain), Israel Aerospace Industries Ltd. (Israel), Leonardo S.p.A (Italy), Lockheed Martin Corporation (US), Raytheon Company (US), Saab AB (Sweden), and Thales Group (France).
Scope of the Report
This study provides an overview of the global radar warning receiver market, tracking three market segments across five regions. The report studies the key players, providing a five-year annual trend analysis that highlights market size, volume, and share in North America, Europe, Asia-Pacific, the Middle East Africa, and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years in each region. The study segments the radar warning receiver market by aircraft type, fit, component, and region.