Airborne Fire Control Radar Market

Airborne Fire Control Radar Market Research, 2030

The global airborne fire control radar market was valued at $2,499.30 million in 2020, and is projected to reach $4,455.09 million by 2030, growing at a CAGR of 6.17% from 2021 to 2030.

The impact of the COVID-19 pandemic has resulted in supply-chain disruptions causing order cancellation of new aircrafts. Moreover, few aircraft manufacturers faced halts in production of aircrafts. For instance, in 2020, Rafale fighter jets production was temporary suspended in France due to coronavirus outbreak. The impact of the COVID-19 pandemic resulted in delayed development of airborne fire control radars, restrictions in operation of key players, cancellation of contracts, and shortage of components. Shortage of components, subsystems, and electronic systems, owing to regulations associated with import and export of goods have also resulted in delayed manufacturing. Revenue crunch and increased maintenance costs were some of the major factors affecting manufacturers during the pandemic.

A fire control radar is a radar that identifies the coordinates of a target and provides data, which is utilized to determine target trajectory and its continuous position. Airborne fire control radar detects the target, estimates the target range, range rate, azimuth angle & elevation angle for long detection ranges, high mission reliability, and multi-target tracking capabilities. These radars are developed for air-to-air, air to sea, and air to sea missions.

The growth of global airborne fire control radar market is driven by growth in usage of active electronically scanning array (AESA) technology, rise in accession of fighter jets to improve aerial strength, and surge in military expenditure in numerous countries. However, high maintenance cost is the factor that restrains the growth of the market. Furthermore, technological advancements and upsurge in demand from emerging economies to address territorial conflicts are the factors expected to offer growth opportunities during the forecast period.

The airborne fire control radar market is segmented on the basis of frequency band, platform, application, and region. Based on frequency band, it is classified into X-band, L and S-band, and Ku/K/Ka-band. By platform, it is segmented into combat helicopters, fighter jets, and others. On the basis of application, the market is divided into air to sea, air to ground, and air to air. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some leading companies profiled in the airborne fire control radar market report include BAE Systems Plc, Bharat Electronics Limited, Hensoldt AG, Israel Aerospace Industries, Leonardo S.P.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, SAAB AB, and Thales Group.

Growth in Usage of Active Electronically Scanning Array (AESA) Technology

Traditional radar with rotating antennas operating on fixed frequency were usually able to perform only one function and required separate units for other function such as surveillance and targeting. However, Active Electronically scanning array (AESA) technology based radars are capable of carrying out several functions simultaneously. In addition, AESA radar can produce radar pulses on different frequencies with interleaved pulse streams carrying out several functions simultaneously. This surge in usage of active electronically scanning array technology in radars is expected to drive the growth of market.

Rise in Accession of Fighter Jets to Improve Aerial Strength

Several countries continuously seek to upgrade their air force fleet and related equipment. However, in recent years, several countries are purchasing new aircrafts, equipped with latest technology to strengthen their air force. For instance, in July 2020, in India, Defense ministry approved a defense deal for procurements of MiG-29 jets for Indian Air Force and upgradation of 59 existing MiG-29 jets in IAF inventory from Russia. This rise in accession of fighter jets by numerous countries to improve aerial strength in their region is anticipated to drive the growth of the airborne fire control radar market.

Growth in Military Expenditures in Numerous Countries

Globally, military spending increased to almost $2 trillion in 2020 despite COVID-19 pandemic. The major countries that contribute to rise in military expenditure comprise U.S., China, Russia, India, Japan, and South Korea. Numerous countries have also increased their budget for military. For instance, Russia’s military expenditure increase by 2.5% in 2020 to reach $61.7 billion. Henceforth, growth in military expenditure in numerous countries is anticipated to drive the growth of the market.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the airborne fire control radar market analysis from 2020 to 2030 to identify the prevailing airborne fire control radar market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the airborne fire control radar market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global airborne fire control radar market trends, key players, market segments, application areas, and market growth strategies.

 Airborne Fire Control Radar Market Report Highlights