The airborne fire control radar global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Airborne Fire Control Radar Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The airborne fire control radar market size has grown strongly in recent years. It will grow from <b>$2.75 billion in 2023 to $2.94 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. </b> The growth in the historic period can be attributed to military modernization programs, threat evolution, cold war era developments, integration with fighter aircraft, multi-functionality requirements, global conflicts and counterterrorism operations.
The airborne fire control radar market size is expected to see strong growth in the next few years. It will grow to <b>$3.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. </b> The growth in the forecast period can be attributed to rapid advancements in radar electronics, integration with network-centric warfare, emphasis on beyond visual range engagement, demand for lightweight and compact systems, development of passive and covert systems, global expansion of airborne surveillance. Major trends in the forecast period include advancements in active electronically scanned array (aesa) technology, implementation of gallium nitride (gan) technology, increased focus on software-defined radars, incorporation of artificial intelligence (ai).
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Scope Of Airborne Fire Control Radar Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Airborne Fire Control Radar Market Overview
Market Drivers –
The growing military expenditure is expected to propel the growth of the airborne fire control radar market going forward. Military expenditure refers to money spent by a government to provide its military with weapons, equipment, and soldiers. In the military, airborne fire control radars are used to find and follow interesting targets, such as threats from manned and unmanned aircraft, vehicles, people, and rocket, artillery, and mortar systems (RAM), and deliver accurate target localization, including altitude and velocity of threats that are aerial and ground-based. For instance, according to the Stockholm International Peace Research Institute, a Sweden-based international institute that provides data, analysis, and recommendations for armed conflict, military expenditure, and arms trade, global military expenditure increased by 0.7 percent in real terms in 2021 to reach $2113 billion. The five largest spenders in 2021 were the United States, China, India, the United Kingdom, and Russia, together accounting for 62% of expenditure. Therefore, growing military expenditure is driving demand for the automotive silicone market.
Market Trends –
Technological advancements are a key trend gaining popularity in the airborne fire control radar market. Major companies operating in the airborne fire control radar market are focused on developing technologically advanced products to strengthen their market position. For instance, in August 2022, Northrop Grumman Corporation, a US-based aerospace and defense technology company, demonstrated its AN/TPS-80 Ground/Air Task Oriented Radar (G/ATOR), an advanced fire control radar capability for the Marine Corps. Northrop Grumman’s AN/TPS-80 Ground/Air Task Oriented Radar (G/ATOR) multifunction sensor successfully detected and tracked numerous cruise missile threats concurrently. Following the launch, G/ATOR successfully tracked every target and transmitted pertinent information in real-time to intercept several cruise missile targets from various angles. During an accurate simulation of an enemy attack, the AN/TPS-80 showed a variety of performance capabilities. As the world’s most advanced expeditionary radar, G/ATOR is unmatched in its capacity to detect multiple airborne targets simultaneously with weapons-quality accuracy and 360-degree surveillance.
The airborne fire control radar market covered in this report is segmented –
1) By Frequency Band: L and S-Band, X-Band, Ku or K or Ka-Band
2) By Platform: Fighter Jets, Combat Helicopters, Other Platforms
3) By Application: Air To Ground, Air To Sea, Ait To Air
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Regional Insights –
North America was the largest region in the airborne fire control radar market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airborne fire control radar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the airborne fire control radar market report are Bharat Electronics Limited, Hensoldt AG, Israel Aerospace Industries Ltd., Leonardo S.p.A., Lockheed Martin Corporation, BAE Systems plc, Northrop Grumman Corporation, Raytheon Technologies Corporation, Saab AB, Thales Group, General Dynamics Corporation, Airbus SE, ASELSAN A.S., Honeywell International Inc., Lufthansa Systems, NEC Corporation, ADB Airfield Solutions LLC, Advanced Navigation & Positioning Corporation, Systems Interface Limited, L3Harris Technologies Inc., Lehmann & Voss & Co. KG, AGC Chemicals Americas, ELTA Systems Ltd., BASF, Celanese, RTP Company, Quadrant Group, A. Schulman Inc., Airport Lighting Company, API Technologies
Table of Contents
1. Executive Summary
2. Airborne Fire Control Radar Market characterstics
3. Airborne Fire Control Radar Market Trends And Strategies
4. Airborne Fire Control Radar Market – Macro Economic Scenario
5. Global Airborne Fire Control Radar Market Size And Growth
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31. Global Airborne Fire Control Radar Market Competitive Benchmarking
32. Global Airborne Fire Control Radar Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Airborne Fire Control Radar Market
34. Airborne Fire Control Radar Market Future Outlook and Potential Analysis
35. Appendix
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