Industry Background:
Radar warning receiver (RWR) is used to issue a warning by sensing radio emission of radar systems in case of any threat detected by radar signal. The received warning is then transmitted to avoid the threat. Globally, there have been in significant rise in number of intrusion activities through air, water, and others means. This has led to rise in expenditure for strengthening security, which in turn supplementing radar warning receiver market.According to AMA, the market for Radar Warning Receiver is expected to register a CAGR of 5.4% during the forecast period to 2024. This growth is primarily driven by Growing Procurement of Electronic Warfare (EW) Owing to Instability in Relationship Among Countries.
Globally, a noticeable market trend is evident Integration of Artificial Intelligence Technology in Radar Warning Receiver. Major Manufacturers, such as Lockheed Martin (United States), BAE Systems (United Kingdom), Raytheon (United States), Leonardo (Italy), Saab (Sweden), Thales Group (France), Israel Aerospace Industries (Israel ) and ASELSAN (Turkey) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Technological advancement in radar warning receiver has led to developments of new products. In a latest development, German aerospace company announced its plan to introduce a new radar warning system – ‘Kalaetron RWR’ (Radar Warning Receiver) in the market which can be used for on fixed-wing aircraft and helicopters.
Market Drivers
- Growing Procurement of Electronic Warfare (EW) Owing to Instability in Relationship Among Countries
Market Trend
- Integration of Artificial Intelligence Technology in Radar Warning Receiver
Restraints
- High Cost Involved in Development of Technologically Advanced Radar Warning Receiver
- Monopoly Over Radar Warning Receiver Technology by Leading Players
Opportunities
Up-gradation of Existing Fleet of Fighter Jets and Growing Security and Defense Budget Amid Increasing Regional Disputes
Challenges
Prevalence of Conventional Warfare System in Emerging Countries
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