By the end of 2022, the global market for digital radio frequency memory (DRFM) is anticipated to be worth US$ 982.4 Million. A CAGR of 12.7% has been predicted for the market during the forecast period of 2022 to 2032, with a predicted closing value of US$ 3,249.4 Million. The industry expanded at a value CAGR of 11.1% over the historical period of 2016–2021.
The demand for digital radio frequency memory is increased by the rising popularity of electronic warfare equipment in developed nations like the United States and Germany and the rising costs of defensive systems in developing nations.
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DRFM (Digital Radio Frequency Memory): Drivers and Challenges
Drivers
The technological advancement in electronic warfare equipment and the need to upgrade older platforms are the significant factors driving the growth of DRFM (Digital Radio Frequency Memory) market. Moreover, the increased usage of DRFM (Digital Radio Frequency Memory) jammers in aircraft, navy and others for protection against enemy radar-based tracking is also one of the factor which is driving the growth of DRFM (Digital Radio Frequency Memory) market.
Apart from this, the increasing defense expenditure of developing countries like China, India & others and the increasing transnational disputes which leads to increasing usage of Military warfare equipment are also driving the growth of DRFM (Digital Radio Frequency Memory) market.
Challenges
The reduction in the defense expenditure of developed nations is the major factor which hinders the growth of DRFM (Digital Radio Frequency Memory) market.
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Market Competition
- Mercury Systems,
- Airbus Group,
- Northrop Grumman Corporation,
- BAE Systems Plc,
- Leonardo SPA,
- Curtiss-Wright Corporation,
- Israel Aerospace Industries,
and others are among the leading competitors in the digital radio frequency memory (DRFM) industry. The following are the significant developments in the Digital Radio Frequency Memory (DRFM) market:
- In August 2022, NASA’s Orion spacecraft will launch to the Moon in a few days from the Kennedy Space Centre in Florida, USA. As part of NASA’s Artemis missions, the European Service Module (ESM) manufactured by Airbus will power Orion to and from its lunar orbit. Airbus created the ESM as the main contractor for the European Space Agency ESA and is now designing and producing five further ESMs.
DRFM (Digital Radio Frequency Memory): Regional Overview
On geographic basis, North America will be the largest market for DRFM (Digital Radio Frequency Memory) due to rapid adoption of advanced technologies defense segment. APAC market will be the fastest growing DRFM (Digital Radio Frequency Memory) market due to the presence of various key players with increasing spending on defense such as China, India, Japan, and South Korea. Europe and Latin America also offers potential growth opportunities in DRFM (Digital Radio Frequency Memory) market due the rise in cognitive electronic warfare technology.
Key Segments Covered in the Digital Radio Frequency Memory (DRFM) Industry Survey
Digital Radio Frequency Memory (DRFM) Market by Application:
- Digital Radio Frequency Memory for Electronic Protection of Platforms
- Digital Radio Frequency Memory for Wideband Receivers
- Digital Radio Frequency Memory for IFMs
- Digital Radio Frequency Memory for Cross-Eye Jamming
- Digital Radio Frequency Memory for Communication System Jamming
Digital Radio Frequency Memory (DRFM) Market by Architecture:
- Digital Radio Frequency Memory Processor
- Digital Radio Frequency Memory Modulator
- Digital Radio Frequency Memory Convertor
- Other Digital Radio Frequency Memory Architectures
Digital Radio Frequency Memory (DRFM) Market by Region:
- North America Digital Radio Frequency Memory (DRFM) Market
- Latin America Digital Radio Frequency Memory (DRFM) Market
- Europe Digital Radio Frequency Memory (DRFM) Market
- Asia Pacific Digital Radio Frequency Memory (DRFM) Market
- Middle East & Africa Digital Radio Frequency Memory (DRFM) Market
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