Market Challenges And Opportunities

Increasing application of APAR in the defense and military sector is a major driver for growth of the market

The primary application area of Active Phased Array Radar (APAR) is in the defense sector. Governments across various economies are focusing on increasing investment in their military sector, in order to strengthen their defense system, which will allow them to better defend in times of war. For instance, according to the April 2017 fact sheet released by Stockholm International Peace Research Institute (SIPRI), global military expenditure was valued at US$1686 billion in 2016, an increase of 0.4% as compared to 2015. APAR is mainly the implementation of Active Electronically Scanned Array (AESA) in radars. AESA is a type of phased array antenna that is controlled by a computer. The radio beam can be electronically steered into different direction without actual physical movement of the antenna. AESA is more advanced and sophisticated version of the Passive Electrically Scanned Array (PESA). The APAR radar system can spread signal emissions across a wider range of frequencies, which makes them more difficult to detect over background noise, allowing ships and aircraft to radiate powerful radar signals while still remaining stealthy. APAR's missile guidance capability supports the Evolved Sea Sparrow Missile (ESSM) and the SM-2 Block IIIA missile. Most of the radar systems used in modern combat aircraft are using APAR (radar by application of AESA systems). Hence, the APAR market is majorly driven by the defense sector.

Market Drivers: Increasing investment in military sector, APAR's application in modern combat aircraft.

Challenges: Developing a system that can adapt to rapidly changing combat environments.Opportunities: Innovation in radar systems and increasing potential in emerging markets.