Technological advancements in military have led to a number of developments and innovations in air defense systems across the globe. These advanced technologies are mainly focusing on reducing the instances of detection by enemy radars and providing the required time to evade them. Electronic warfare equipment has been witnessing a number of technological advancements and upgradations over the past few years, thus leading to digital radio frequency memory (DRFM) increasingly becoming an essential part of any electronic jamming system. In addition, upgradation of traditional platforms and rising usage of DRFM jammers in ships, aircrafts, and land vehicles is boosting the demand and growth of the global DRFM market.
DRFM market overview
The global digital radio frequency memory (DRFM) market that was valued at USD 613.9 Million in 2016 is estimated to be worth USD 1,222.2 Million by 2022, registering a CAGR of 12.16% during the forecast period 2016-2022.
Based on platform, the defense segment held the largest market share in 2016, owing to the rising adoption of DRFM jammers to counter the threats coming from any enemy aircrafts. Among the sub-segments, the air segment accounted for the largest share of the market in 2016, and is also expected to grow at the highest CAGR over the forecast period. Based on architecture, the processor segment held the largest market share in 2016, and is also estimated to witness the highest growth over the forecast period.
Among applications, the electronic warfare segment took up the majority of the market share in 2016, and is also expected to witness the highest growth in the coming years. This growth can be majorly contributed to the increased usage of DRFM jammers in aircrafts, land vehicles, and ships to counter enemy radar-based tracking.
Geographical growth scenario of the DRFM market
Among regions, North America held the largest share of the global DRFM market in 2016, followed by Europe. This growth can be primarily attributed to the increasing number of investments being made by defense forces for developing technologically advanced DRFM systems. Presence of leading market players such as Northrop Grumman Corporation (U.S.) and Raytheon Company (U.S.) has proven beneficial for the growth of this market. However, the market in Asia-Pacific is the fastest-growing market for DRFM. Increased geopolitical disputes, emerging economies, and increase in defense spending are the factors driving the DRFM market in this region towards good growth. Moreover, countries in this region are have increased their defense budgets and spending on various electronic warfare jammers in order to improve the protection of military units from the radar-guided missile threats.
Factors impacting the growth of DRFM market
The growth of the worldwide market for digital radio frequency memory is being majorly influenced by the following factors:
- Technological advancements in military radars
- Increased usage of electronic warfare due to increasing transnational disputes
- Increased deployment of unmanned aerial vehicles in electronic warfare equipment
Apart from these, development of DRFM-based jammers for UAV applications and increased deployment of electronic warfare capabilities in civil aviation are expected to further create opportunities for the growth of this market.
On the flip side, reduced defense expenditure in developed countries and ban on the usage of jammers in civilian applications are the major factors that may hamper the growth of this market. Moreover, development of ECCM systems and AESA radars is a key challenge for the leading players operating in this market.
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Key players and strategies adopted
Airbus Group (France), Northrop Grumman Corporation (U.S.), Raytheon Company (U.S.), BAE Systems plc (U.K.), Elbit Systems Ltd. (Israel), Thales Group (France), Leonardo S.p.A. (Italy), Curtiss-Wright Corporation (U.S.), Israel Aerospace Industries (Israel), and Rohde & Schwarz (Germany) are the major companies that offer advanced technology systems, products, and services. Agreements & partnerships, new product developments, contracts, and business expansions are the key strategies adopted by these players in order to gain a stronger hold on the market as well as enhance their global presence.