Electronically Scanned Arrays - Global Market Outlook (2017-2026)

Electronically Scanned Arrays - Global Market Outlook (2017-2026)

  • Published: June 2019
  • ID: SMRC18365

According to Stratistics MRC, the Global Electronically Scanned Arrays is accounted for $6.68 billion in 2017 and is expected to reach $12.39 billion by 2026 growing at a CAGR of 7.1% during the forecast period. The growing preference for technologically advanced radar for providing all weather battlefield surveillance against incoming threat, integration of ESA into radar systems and replacement of traditional ESA systems are the key driving factors for the market growth. However, the long replacement cycle of the radar system and high development cost of ESA are some of the factors hindering the market growth.

Electronically scanned array commonly means a phased array, i.e. an array of antennas that produce radio wave beams and rays. Electronically, the emitted waves are steered in the desired direction to a specific point without physically moving the antennas. Electronically scanned arrays must be installed properly and arranged precisely to get appropriate results during real time operations. In an array antenna, the transmitter transmits a radio frequency current, which is then fed to each antenna with the correct phase relationship so as to add radio waves to increase radiations in the exact location and direction, and cancel radiations in undesired directions. In the phased array system, current from the transmitter is transmitted to the antennas through electronic devices called phase shifters, which in turn are controlled by a computer system. This computer system can effectively alter the phase electronically and hence, steer the radio wave beams to the desired location.

Based on type, the active electronically scanned arrays (AESA) is predicted to experience the highest growth in terms of revenue during the forecast period. AESAs are fitted with receivers and transmitters, which yet again consist of several small modules of transmitter/receivers. By geography, Asia Pacific region is anticipated to experience the highest growth in the coming eight years. The growing threats of terror activities in the region and is anticipated to drive the need for up gradation of surveillance capabilities. This in turn is predicted to accelerate the demand of electronically scanned arrays in Asia Pacific region.

Some of the key players profiled in the Electronically Scanned Arrays include Almaz–Antey, Defence Research And Development Organization , Israel Aerospace Industries Ltd, Leonardo-Finmeccanica, Lockheed Martin Corporation, Northrop Grumman Corporation, RADA Electronic Industries Ltd, Raytheon Company, Reutech Radar Systems, SAAB AB, Thales Group  and Toshiba.

Platforms Covered:
• Airborne
• Land
• Naval

Array Geometries Covered:
• Frequency Scanning Arrays
• Linear Arrays
• Planar Arrays

Types Covered:
• Passive Electronically Scanned Array (PESA)
• Active Electronically Scanned Array (AESA)

Components Covered:
• Beam forming Network (BFN)
•  Cooling System
• Phase Shifters (Analog/Digital)
• Power Supply Module
• Radar Data Processor (RDP)
• Signal Processing (Analog/Digital)
• Transmit Receive Module (TRM)

Ranges Covered:
• Long Range
• Medium Range
• Short Range

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand     
o South Korea      
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary     
       
2 Preface   
  
 2.1 Abstract    
 2.2 Stake Holders   
 2.3 Research Scope   
 2.4 Research Methodology  
  2.4.1 Data Mining  
  2.4.2 Data Analysis  
  2.4.3 Data Validation  
  2.4.4 Research Approach  
 2.5 Research Sources   
  2.5.1 Primary Research Sources 
  2.5.2 Secondary Research Sources 
  2.5.3 Assumptions  
      
3 Market Trend Analysis   
 3.1 Introduction   
 3.2 Drivers    
 3.3 Restraints   
 3.4 Opportunities   
 3.5 Threats    
 3.6 Emerging Markets   
 3.7 Futuristic Market Scenario  
      
4 Porters Five Force Analysis   
 4.1 Bargaining power of suppliers  
 4.2 Bargaining power of buyers  
 4.3 Threat of substitutes  
 4.4 Threat of new entrants  
 4.5 Competitive rivalry   
      
5 Global Electronically Scanned Arrays Market, By Platform
 5.1 Introduction   
 5.2 Airborne    
 5.3 Land     
 5.4 Naval     
      
6 Global Electronically Scanned Arrays Market, By Array Geometry
 6.1 Introduction   
 6.2 Frequency Scanning Arrays  
 6.3 Linear Arrays    
 6.4 Planar Arrays    
      
7 Global Electronically Scanned Arrays Market, By Type
 7.1 Introduction   
 7.2 Passive Electronically Scanned Array (PESA)
 7.3 Active Electronically Scanned Array (AESA) 
      
8 Global Electronically Scanned Arrays Market, By Component

 8.1 Introduction   
 8.2 Beamforming Network (BFN)   
 8.3 Cooling System   
 8.4 Phase Shifters (Analog/Digital)  
 8.5 Power Supply Module   
 8.6 Radar Data Processor (RDP)   
 8.7 Signal Processing (Analog/Digital)  
 8.8 Transmit Receive Module (TRM)  
      
9 Global Electronically Scanned Arrays Market, By Range

 9.1 Introduction   
 9.2 Long Range   
 9.3 Medium Range    
 9.4 Short Range    
      
10 Global Electronically Scanned Arrays Market, By Geography
 10.1 Introduction   
 10.2 North America   
  10.2.1 US   
  10.2.2 Canada   
  10.2.3 Mexico   
 10.3 Europe    
  10.3.1 Germany   
  10.3.2 UK   
  10.3.3 Italy   
  10.3.4 France   
  10.3.5 Spain   
  10.3.6 Rest of Europe  
 10.4 Asia Pacific   
  10.4.1 Japan   
  10.4.2 China   
  10.4.3 India   
  10.4.4 Australia   
  10.4.5 New Zealand  
  10.4.6 South Korea  
  10.4.7 Rest of Asia Pacific  
 10.5 South America   
  10.5.1 Argentina  
  10.5.2 Brazil    
  10.5.3 Chile   
  10.5.4 Rest of South America 
 10.6 Middle East & Africa  
  10.6.1 Saudi Arabia  
  10.6.2 UAE   
  10.6.3 Qatar   
  10.6.4 South Africa  
  10.6.5 Rest of Middle East & Africa 
      
11 Key Developments    
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
 11.2 Acquisitions & Mergers  
 11.3 New Product Launch  
 11.4 Expansions   
 11.5 Other Key Strategies  
      
12 Company Profiling    
 12.1 Almaz–Antey   
 12.2 Defence Research And Development Organization
 12.3 Israel Aerospace Industries Ltd 
 12.4 Leonardo-Finmeccanica   
 12.5 Lockheed Martin Corporation   
 12.6 Northrop Grumman Corporation  
 12.7 RADA Electronic Industries Ltd  
 12.8 Raytheon Company    
 12.9 Reutech Radar Systems   
 12.10 SAAB AB     
 12.11 Thales Group    
 12.12 Toshiba    


List of Tables     
1 Global Electronically Scanned Arrays Market Outlook, By Region (2016-2026) (US $MN)
2 Global Electronically Scanned Arrays Market Outlook, By Platform (2016-2026) (US $MN)
3 Global Electronically Scanned Arrays Market Outlook, By Airborne (2016-2026) (US $MN)
4 Global Electronically Scanned Arrays Market Outlook, By Land (2016-2026) (US $MN)
5 Global Electronically Scanned Arrays Market Outlook, By Naval (2016-2026) (US $MN)
6 Global Electronically Scanned Arrays Market Outlook, By Array Geometry (2016-2026) (US $MN)
7 Global Electronically Scanned Arrays Market Outlook, By Frequency Scanning Arrays (2016-2026) (US $MN)
8 Global Electronically Scanned Arrays Market Outlook, By Linear Arrays (2016-2026) (US $MN)
9 Global Electronically Scanned Arrays Market Outlook, By Planar Arrays (2016-2026) (US $MN)
10 Global Electronically Scanned Arrays Market Outlook, By Type (2016-2026) (US $MN)
11 Global Electronically Scanned Arrays Market Outlook, By Passive Electronically Scanned Array (PESA) (2016-2026) (US $MN)
12 Global Electronically Scanned Arrays Market Outlook, By Active Electronically Scanned Array (AESA) (2016-2026) (US $MN)
13 Global Electronically Scanned Arrays Market Outlook, By Component (2016-2026) (US $MN)
14 Global Electronically Scanned Arrays Market Outlook, By Beamforming Network (BFN) (2016-2026) (US $MN)
15 Global Electronically Scanned Arrays Market Outlook, By Cooling System (2016-2026) (US $MN)
16 Global Electronically Scanned Arrays Market Outlook, By Phase Shifters (Analog/Digital) (2016-2026) (US $MN)
17 Global Electronically Scanned Arrays Market Outlook, By Power Supply Module (2016-2026) (US $MN)
18 Global Electronically Scanned Arrays Market Outlook, By Radar Data Processor (RDP) (2016-2026) (US $MN)
19 Global Electronically Scanned Arrays Market Outlook, By Signal Processing (Analog/Digital) (2016-2026) (US $MN)
20 Global Electronically Scanned Arrays Market Outlook, By Transmit Receive Module (TRM) (2016-2026) (US $MN)
21 Global Electronically Scanned Arrays Market Outlook, By Range (2016-2026) (US $MN)
22 Global Electronically Scanned Arrays Market Outlook, By Long Range (2016-2026) (US $MN)
23 Global Electronically Scanned Arrays Market Outlook, By Medium Range (2016-2026) (US $MN)
24 Global Electronically Scanned Arrays Market Outlook, By Short Range (2016-2026) (US $MN)
25 North America Electronically Scanned Arrays Market Outlook, By Country (2016-2026) (US $MN)
26 North America Electronically Scanned Arrays Market Outlook, By Platform (2016-2026) (US $MN)
27 North America Electronically Scanned Arrays Market Outlook, By Airborne (2016-2026) (US $MN)
28 North America Electronically Scanned Arrays Market Outlook, By Land (2016-2026) (US $MN)
29 North America Electronically Scanned Arrays Market Outlook, By Naval (2016-2026) (US $MN)
30 North America Electronically Scanned Arrays Market Outlook, By Array Geometry (2016-2026) (US $MN)
31 North America Electronically Scanned Arrays Market Outlook, By Frequency Scanning Arrays (2016-2026) (US $MN)
32 North America Electronically Scanned Arrays Market Outlook, By Linear Arrays (2016-2026) (US $MN)
33 North America Electronically Scanned Arrays Market Outlook, By Planar Arrays (2016-2026) (US $MN)
34 North America Electronically Scanned Arrays Market Outlook, By Type (2016-2026) (US $MN)
35 North America Electronically Scanned Arrays Market Outlook, By Passive Electronically Scanned Array (PESA) (2016-2026) (US $MN)
36 North America Electronically Scanned Arrays Market Outlook, By Active Electronically Scanned Array (AESA) (2016-2026) (US $MN)
37 North America Electronically Scanned Arrays Market Outlook, By Component (2016-2026) (US $MN)
38 North America Electronically Scanned Arrays Market Outlook, By Beamforming Network (BFN) (2016-2026) (US $MN)
39 North America Electronically Scanned Arrays Market Outlook, By Cooling System (2016-2026) (US $MN)
40 North America Electronically Scanned Arrays Market Outlook, By Phase Shifters (Analog/Digital) (2016-2026) (US $MN)
41 North America Electronically Scanned Arrays Market Outlook, By Power Supply Module (2016-2026) (US $MN)
42 North America Electronically Scanned Arrays Market Outlook, By Radar Data Processor (RDP) (2016-2026) (US $MN)
43 North America Electronically Scanned Arrays Market Outlook, By Signal Processing (Analog/Digital) (2016-2026) (US $MN)
44 North America Electronically Scanned Arrays Market Outlook, By Transmit Receive Module (TRM) (2016-2026) (US $MN)
45 North America Electronically Scanned Arrays Market Outlook, By Range (2016-2026) (US $MN)
46 North America Electronically Scanned Arrays Market Outlook, By Long Range (2016-2026) (US $MN)
47 North America Electronically Scanned Arrays Market Outlook, By Medium Range (2016-2026) (US $MN)
48 North America Electronically Scanned Arrays Market Outlook, By Short Range (2016-2026) (US $MN)
49 Europe Electronically Scanned Arrays Market Outlook, By Country (2016-2026) (US $MN)
50 Europe Electronically Scanned Arrays Market Outlook, By Platform (2016-2026) (US $MN)
51 Europe Electronically Scanned Arrays Market Outlook, By Airborne (2016-2026) (US $MN)
52 Europe Electronically Scanned Arrays Market Outlook, By Land (2016-2026) (US $MN)
53 Europe Electronically Scanned Arrays Market Outlook, By Naval (2016-2026) (US $MN)
54 Europe Electronically Scanned Arrays Market Outlook, By Array Geometry (2016-2026) (US $MN)
55 Europe Electronically Scanned Arrays Market Outlook, By Frequency Scanning Arrays (2016-2026) (US $MN)
56 Europe Electronically Scanned Arrays Market Outlook, By Linear Arrays (2016-2026) (US $MN)
57 Europe Electronically Scanned Arrays Market Outlook, By Planar Arrays (2016-2026) (US $MN)
58 Europe Electronically Scanned Arrays Market Outlook, By Type (2016-2026) (US $MN)
59 Europe Electronically Scanned Arrays Market Outlook, By Passive Electronically Scanned Array (PESA) (2016-2026) (US $MN)
60 Europe Electronically Scanned Arrays Market Outlook, By Active Electronically Scanned Array (AESA) (2016-2026) (US $MN)
61 Europe Electronically Scanned Arrays Market Outlook, By Component (2016-2026) (US $MN)
62 Europe Electronically Scanned Arrays Market Outlook, By Beamforming Network (BFN) (2016-2026) (US $MN)
63 Europe Electronically Scanned Arrays Market Outlook, By Cooling System (2016-2026) (US $MN)
64 Europe Electronically Scanned Arrays Market Outlook, By Phase Shifters (Analog/Digital) (2016-2026) (US $MN)
65 Europe Electronically Scanned Arrays Market Outlook, By Power Supply Module (2016-2026) (US $MN)
66 Europe Electronically Scanned Arrays Market Outlook, By Radar Data Processor (RDP) (2016-2026) (US $MN)
67 Europe Electronically Scanned Arrays Market Outlook, By Signal Processing (Analog/Digital) (2016-2026) (US $MN)
68 Europe Electronically Scanned Arrays Market Outlook, By Transmit Receive Module (TRM) (2016-2026) (US $MN)
69 Europe Electronically Scanned Arrays Market Outlook, By Range (2016-2026) (US $MN)
70 Europe Electronically Scanned Arrays Market Outlook, By Long Range (2016-2026) (US $MN)
71 Europe Electronically Scanned Arrays Market Outlook, By Medium Range (2016-2026) (US $MN)
72 Europe Electronically Scanned Arrays Market Outlook, By Short Range (2016-2026) (US $MN)
73 Asia Pacific Electronically Scanned Arrays Market Outlook, By Country (2016-2026) (US $MN)
74 Asia Pacific Electronically Scanned Arrays Market Outlook, By Platform (2016-2026) (US $MN)
75 Asia Pacific Electronically Scanned Arrays Market Outlook, By Airborne (2016-2026) (US $MN)
76 Asia Pacific Electronically Scanned Arrays Market Outlook, By Land (2016-2026) (US $MN)
77 Asia Pacific Electronically Scanned Arrays Market Outlook, By Naval (2016-2026) (US $MN)
78 Asia Pacific Electronically Scanned Arrays Market Outlook, By Array Geometry (2016-2026) (US $MN)
79 Asia Pacific Electronically Scanned Arrays Market Outlook, By Frequency Scanning Arrays (2016-2026) (US $MN)
80 Asia Pacific Electronically Scanned Arrays Market Outlook, By Linear Arrays (2016-2026) (US $MN)
81 Asia Pacific Electronically Scanned Arrays Market Outlook, By Planar Arrays (2016-2026) (US $MN)
82 Asia Pacific Electronically Scanned Arrays Market Outlook, By Type (2016-2026) (US $MN)
83 Asia Pacific Electronically Scanned Arrays Market Outlook, By Passive Electronically Scanned Array (PESA) (2016-2026) (US $MN)
84 Asia Pacific Electronically Scanned Arrays Market Outlook, By Active Electronically Scanned Array (AESA) (2016-2026) (US $MN)
85 Asia Pacific Electronically Scanned Arrays Market Outlook, By Component (2016-2026) (US $MN)
86 Asia Pacific Electronically Scanned Arrays Market Outlook, By Beamforming Network (BFN) (2016-2026) (US $MN)
87 Asia Pacific Electronically Scanned Arrays Market Outlook, By Cooling System (2016-2026) (US $MN)
88 Asia Pacific Electronically Scanned Arrays Market Outlook, By Phase Shifters (Analog/Digital) (2016-2026) (US $MN)
89 Asia Pacific Electronically Scanned Arrays Market Outlook, By Power Supply Module (2016-2026) (US $MN)
90 Asia Pacific Electronically Scanned Arrays Market Outlook, By Radar Data Processor (RDP) (2016-2026) (US $MN)
91 Asia Pacific Electronically Scanned Arrays Market Outlook, By Signal Processing (Analog/Digital) (2016-2026) (US $MN)
92 Asia Pacific Electronically Scanned Arrays Market Outlook, By Transmit Receive Module (TRM) (2016-2026) (US $MN)
93 Asia Pacific Electronically Scanned Arrays Market Outlook, By Range (2016-2026) (US $MN)
94 Asia Pacific Electronically Scanned Arrays Market Outlook, By Long Range (2016-2026) (US $MN)
95 Asia Pacific Electronically Scanned Arrays Market Outlook, By Medium Range (2016-2026) (US $MN)
96 Asia Pacific Electronically Scanned Arrays Market Outlook, By Short Range (2016-2026) (US $MN)
97 South America Electronically Scanned Arrays Market Outlook, By Country (2016-2026) (US $MN)
98 South America Electronically Scanned Arrays Market Outlook, By Platform (2016-2026) (US $MN)
99 South America Electronically Scanned Arrays Market Outlook, By Airborne (2016-2026) (US $MN)
100 South America Electronically Scanned Arrays Market Outlook, By Land (2016-2026) (US $MN)
101 South America Electronically Scanned Arrays Market Outlook, By Naval (2016-2026) (US $MN)
102 South America Electronically Scanned Arrays Market Outlook, By Array Geometry (2016-2026) (US $MN)
103 South America Electronically Scanned Arrays Market Outlook, By Frequency Scanning Arrays (2016-2026) (US $MN)
104 South America Electronically Scanned Arrays Market Outlook, By Linear Arrays (2016-2026) (US $MN)
105 South America Electronically Scanned Arrays Market Outlook, By Planar Arrays (2016-2026) (US $MN)
106 South America Electronically Scanned Arrays Market Outlook, By Type (2016-2026) (US $MN)
107 South America Electronically Scanned Arrays Market Outlook, By Passive Electronically Scanned Array (PESA) (2016-2026) (US $MN)
108 South America Electronically Scanned Arrays Market Outlook, By Active Electronically Scanned Array (AESA) (2016-2026) (US $MN)
109 South America Electronically Scanned Arrays Market Outlook, By Component (2016-2026) (US $MN)
110 South America Electronically Scanned Arrays Market Outlook, By Beamforming Network (BFN) (2016-2026) (US $MN)
111 South America Electronically Scanned Arrays Market Outlook, By Cooling System (2016-2026) (US $MN)
112 South America Electronically Scanned Arrays Market Outlook, By Phase Shifters (Analog/Digital) (2016-2026) (US $MN)
113 South America Electronically Scanned Arrays Market Outlook, By Power Supply Module (2016-2026) (US $MN)
114 South America Electronically Scanned Arrays Market Outlook, By Radar Data Processor (RDP) (2016-2026) (US $MN)
115 South America Electronically Scanned Arrays Market Outlook, By Signal Processing (Analog/Digital) (2016-2026) (US $MN)
116 South America Electronically Scanned Arrays Market Outlook, By Transmit Receive Module (TRM) (2016-2026) (US $MN)
117 South America Electronically Scanned Arrays Market Outlook, By Range (2016-2026) (US $MN)
118 South America Electronically Scanned Arrays Market Outlook, By Long Range (2016-2026) (US $MN)
119 South America Electronically Scanned Arrays Market Outlook, By Medium Range (2016-2026) (US $MN)
120 South America Electronically Scanned Arrays Market Outlook, By Short Range (2016-2026) (US $MN)
121 Middle East & Africa Electronically Scanned Arrays Market Outlook, By Country (2016-2026) (US $MN)
122 Middle East & Africa Electronically Scanned Arrays Market Outlook, By Platform (2016-2026) (US $MN)
123 Middle East & Africa Electronically Scanned Arrays Market Outlook, By Airborne (2016-2026) (US $MN)
124 Middle East & Africa Electronically Scanned Arrays Market Outlook, By Land (2016-2026) (US $MN)
125 Middle East & Africa Electronically Scanned Arrays Market Outlook, By Naval (2016-2026) (US $MN)
126 Middle East & Africa Electronically Scanned Arrays Market Outlook, By Array Geometry (2016-2026) (US $MN)
127 Middle East & Africa Electronically Scanned Arrays Market Outlook, By Frequency Scanning Arrays (2016-2026) (US $MN)
128 Middle East & Africa Electronically Scanned Arrays Market Outlook, By Linear Arrays (2016-2026) (US $MN)
129 Middle East & Africa Electronically Scanned Arrays Market Outlook, By Planar Arrays (2016-2026) (US $MN)
130 Middle East & Africa Electronically Scanned Arrays Market Outlook, By Type (2016-2026) (US $MN)
131 Middle East & Africa Electronically Scanned Arrays Market Outlook, By Passive Electronically Scanned Array (PESA) (2016-2026) (US $MN)
132 Middle East & Africa Electronically Scanned Arrays Market Outlook, By Active Electronically Scanned Array (AESA) (2016-2026) (US $MN)
133 Middle East & Africa Electronically Scanned Arrays Market Outlook, By Component (2016-2026) (US $MN)
134 Middle East & Africa Electronically Scanned Arrays Market Outlook, By Beamforming Network (BFN) (2016-2026) (US $MN)
135 Middle East & Africa Electronically Scanned Arrays Market Outlook, By Cooling System (2016-2026) (US $MN)
136 Middle East & Africa Electronically Scanned Arrays Market Outlook, By Phase Shifters (Analog/Digital) (2016-2026) (US $MN)
137 Middle East & Africa Electronically Scanned Arrays Market Outlook, By Power Supply Module (2016-2026) (US $MN)
138 Middle East & Africa Electronically Scanned Arrays Market Outlook, By Radar Data Processor (RDP) (2016-2026) (US $MN)
139 Middle East & Africa Electronically Scanned Arrays Market Outlook, By Signal Processing (Analog/Digital) (2016-2026) (US $MN)
140 Middle East & Africa Electronically Scanned Arrays Market Outlook, By Transmit Receive Module (TRM) (2016-2026) (US $MN)
141 Middle East & Africa Electronically Scanned Arrays Market Outlook, By Range (2016-2026) (US $MN)
142 Middle East & Africa Electronically Scanned Arrays Market Outlook, By Long Range (2016-2026) (US $MN)
143 Middle East & Africa Electronically Scanned Arrays Market Outlook, By Medium Range (2016-2026) (US $MN)
144 Middle East & Africa Electronically Scanned Arrays Market Outlook, By Short Range (2016-2026) (US $MN)

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