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Airborne Fire Control Radar Market Key Players, Demands, Trend Analysis And Forecasts To 2023-2032: Raytheon Technologies Corporation, Saab AB, Thales Group
Airborne Fire Control Radar Market
Airborne Fire Control Radar Market Size, Growth Rate, And Forecast
The global airborne fire control radar market size is expected to grow from $2.57 billion in 2022 to $2.74 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The airborne fire control radar market size is expected to grow to $3.46 billion in 2027 at a CAGR of 6.0%.
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Airborne Fire Control Radar Market Drivers
The growing military expenditure is expected to propel the growth of the airborne fire control radars 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.
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Airborne Fire Control Radar Market Segments
• By Frequency Band: L and S-Band, X-Band, Ku or K or Ka-Band
• By Platform: Fighter Jets, Combat Helicopters, Other Platforms
• By Application: Air To Ground, Air To Sea, Air To Air
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Airborne Fire Control Radar market.
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Airborne Fire Control Radar Market Key Players
Major competitors in the Airborne Fire Control Radar Market Include Glg Life Tech Corp., Ingredion Incorporated, Tate & Lyle Plc, The Coca-cola Company, Pepsico Inc., Cargill Inc., Evolva Holding S.a., Airborne Fire Control Radar Corp.
The Business Research Company's "Global Airborne Fire Control Radar Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Airborne Fire Control Radar Market Include:
1. Executive Summary
2. Airborne Fire Control Radar Market Characteristics
3. Airborne Fire Control Radar Market Trends And Strategies
4. Airborne Fire Control Radar Market - Macro Economic Scenario
5. Airborne Fire Control Radar Market Size And Growth
………………
27. Airborne Fire Control Radar Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Airborne Fire Control Radar Market
29. Airborne Fire Control Radar Market Future Outlook and Potential Analysis
30. Appendix
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