The Airborne Fire Control Radar Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Airborne Fire Control Radar Global Market Report 2024, The airborne fire control radar market size has grown strongly in recent years. It will grow from $2.75 billion in 2023 to $2.94 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. 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 $3.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. 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)..
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.
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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
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 report table of contents includes:
- Executive Summary
- Airborne Fire Control Radar Market Characteristics
- Airborne Fire Control Radar Market Trends And Strategies
- Airborne Fire Control Radar Market – Macro Economic Scenario
- Global Airborne Fire Control Radar Market Size and Growth
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- Global Airborne Fire Control Radar Market Competitive Benchmarking
- Global Airborne Fire Control Radar Market Competitive Dashboard
- Key Mergers And Acquisitions In The Airborne Fire Control Radar Market
- Airborne Fire Control Radar Market Future Outlook and Potential Analysis
- Appendix
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