The global airborne fire control radar market is set to experience significant growth, reaching an estimated USD 3,866.4 million by 2028, with a CAGR of 4.73% from 2021 to 2028, according to a recent report by Fortune Business Insights titled “Airborne Fire Control Radar Market, 2021-2028.” The market, which was valued at USD 2,655.4 million in 2020, is driven by the rising demand for target detection equipment and the adoption of advanced technologies like active electronically scanning arrays (AESA).
LIST OF KEY COMPANIES PROFILED: Airborne Fire Control Radar Market
Airbus S.A.S. (Netherlands)
BAE Systems (The U.K.)
General Dynamics Corporation (The U.S.)
Israel Aerospace Industries Ltd (Israel)
Leonardo S.p.A. (Italy)
Lockheed Martin Corporation (The U.S.)
Northrop Grumman Corporation (The U.S.)
Raytheon Technologies Corporation (The U.S.)
Saab AB (Sweden)
Browse In-Depth Summmary:
https://www.fortunebusinessinsights.com/airborne-fire-control-radar-market-104048
Market Drivers
The demand for advanced radar systems capable of accurately detecting and tracking targets under various weather conditions is a major growth driver for the airborne fire control radar market. These systems provide long-range target detection and high-resolution imaging, which are critical for defense operations. Increased defense spending and the need to upgrade aircraft fleets with advanced radar systems further fuel market growth. Additionally, the development of lightweight, compact radar systems with improved performance and reliability has heightened demand. Significant investments in R&D to develop advanced radar systems for military applications present substantial growth opportunities for businesses in the defense industry.
Market Segmentation
Platform: The airborne fire control radar market is divided into fighter jets, combat helicopters, special mission aircraft, and UAVs. Fighter jets held the largest market share during the forecast period.
Frequency Band: The market is segmented into L & S-band, X-band, and KU/K/KA band. These frequency bands are crucial for various air-to-ground and air-to-air applications.
Region: The market is categorized into South America, the Middle East and Africa, North America, Asia-Pacific, and Europe.
Report Inclusions
The report offers a comprehensive qualitative and quantitative analysis, focusing on key aspects such as materials, leading companies, applications, and products. It highlights the latest trends, key industry developments, and provides revenue growth forecasts at global, regional, and country levels. The report also examines the latest industry dynamics and opportunities expected to influence market growth between 2021 and 2028.
Driving Factors
The increasing need for reconnaissance and targeting activities is a primary airborne fire control radar market growth driver. Countries worldwide are focusing on upgrading their military capabilities, leading to higher demand for advanced technologies for reconnaissance and targeting. The adoption of AESA technology, known for its high reliability and low interception rates, further boosts market growth. For example, Israel Aerospace Industries Ltd. has developed the ELM-20600 RTP POD, which efficiently detects, classifies, and tracks ground targets.
Regional Insights
North America: Valued at USD 891.41 million in 2020, North America is expected to maintain its leading market position due to substantial defense spending and the presence of major companies like Northrop Grumman Corporation and Lockheed Martin Corporation.
Europe: The airborne fire control radar market in Europe is projected to grow significantly, driven by the demand for advanced airborne fire control radar systems by the UK and German Air Forces.
Asia-Pacific: The procurement of advanced 5th Generation fighter jets by China and the increasing demand for innovative UAVs are expected to drive market growth in the region.
Competitive Landscape
The airborne fire control radar market is highly competitive, with major companies focusing on securing contracts to expand their airborne fire control radar portfolios. Strategies such as mergers and acquisitions, partnerships, and collaborations are commonly adopted to strengthen market positions.
Industry Development:
In February 2021, Hindustan Aeronautics Limited (HAL) announced the installation of ELTA-sourced active electronically scanning radar in Jaguar Darin III fighter jets. This radar, designed primarily for air-to-air attacks, incorporates solid-state AESA technology.