What Has Been the Growth of the Airborne Fire Control Radar Market So Far?
The airborne fire control radar market has seen considerable growth due to a variety of factors.
• In recent years, the market size for airborne fire control radar has seen a considerable increase. It is predicted to escalate from $2.88 billion in 2024 to $3.07 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.5%. The previous growth is traceable to a combination of factors such as modernization initiatives in the military, evolution of threats, developments during the cold war era, integration with combat aircraft, demands for multi-functionality, global conflicts, and counterterrorism operations.
What Is the Forecasted Market Size and Growth Rate for The Airborne Fire Control Radar Template Market?
The Airborne Fire Control Radar market is expected to maintain its strong growth trajectory in upcoming years.
• The market for airborne fire control radar exhibits potential for significant expansion in the upcoming years and is predicted to reach a valuation of $3.9 billion by 2029, with a compound annual growth rate (CAGR) of 6.2%.
Such growth during the forecast period is driven by various factors such as advancements in radar electronics, incorporation into network-centric warfare, focus on engagement beyond visual range, the need for more compact and lightweight systems, the creation of covert and passive systems, and a worldwide increase in airborne surveillance. Key trends for the period in question include progress in active electronically scanned array (AESA) technology, application of gallium nitride (GAN) technology, a heightened emphasis on software-defined radars, and the integration of artificial intelligence (AI).
What Factors Are Driving Growth In The Airborne Fire Control Radar Market?
The escalation in military spending is anticipated to spur the expansion of the airborne fire control radar market. The term military expenditure pertains to the funds allocated by a government towards equipping its military forces with weapons, gear, and personnel. In the military context, airborne fire control radars function to identify and track points of interest such as hazards from piloted and unmanned aircraft, vehicles, individuals, and rocket, artillery, and mortar systems (RAM). Additionally, they provide precise location details, including the altitude and speed of aerial and land-based threats. For example, the Belgium-based European Defense Agency, an intergovernmental agency of the European Union, reported in 2022 that defense spending in Europe hit a record high of €240 billion. This represents a 6% surge from the previous year and signifies the eighth year of consistent growth. Out of the 27 EU member countries, defense budgets were ramped up in 20, with six nations hiking their expenditures by more than 10%. Hence, increased military spending is fueling demand in the automotive silicone market.
What Are The Main Segments Of The Global Airborne Fire Control Radar Market?
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, Air To Air
Subsegments:
1) By L And S-Band: L-Band Radar Systems, S-Band Radar Systems
2) By X-Band: X-Band Radar Systems
3) By Ku Or K Or Ka-Band: Ku-Band Radar Systems, K-Band Radar Systems, Ka-Band Radar Systems
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What Emerging Trends Are Influencing The Growth Of The Airborne Fire Control Radar Market?
The airborne fire control radar market is witnessing a significant trend of technological innovations. Dominant players in this market are strategically investing in the development of advanced tech products to cement their market presence. For example, in August 2022, Northrop Grumman Corporation, an American aerospace and defense technology corporation, showcased the superior capabilities of its AN/TPS-80 Ground/Air Task Oriented Radar (G/ATOR), a cutting-edge fire control radar device for the Marine Corps. The AN/TPS-80 G/ATOR's multifunction sensing capacity was successful in detecting and tracking multiple potential cruise missile threats simultaneously. Post its deployment, the G/ATOR displayed complete proficiency in tracking every identified target and enabled real-time data transmission to intercept several cruise missiles threats from various trajectories. It presented a wide gamut of performance abilities through a precise imitation of an enemy assault. Being the most high-tech expeditionary radar globally, G/ATOR sets a benchmark with its unique ability to concurrently detect manifold airborne adversaries with weapon-grade precision and comprehensive 360-degree surveillance.
Who Are the Key Players In The Airborne Fire Control Radar Market?
Major companies operating in the airborne fire control radar market include:
• 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.
• NEC Corporation
• L3Harris Technologies Inc.
• ELTA Systems Ltd.
• Curtiss-Wright Corporation
• Elbit Systems Ltd.
• Kongsberg Gruppen
What Is The Most Dominant Region In The Airborne Fire Control Radar Market?
North America was the largest region in the airborne fire control radar market in 2024. 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.
