Press release
Airborne Fire Control Radar Market Trends, Top Companies, Share, Growth And Forecast 2032
Airborne Fire Control Radar Market
The Business Research Company's Airborne Fire Control Radar Global Market Report 2023 identifies growing military expenditure as the major driver for the airborne fire control radar market's growth in the forecast period. 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.
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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Major competitors in the airborne fire control radar market are Bharat Electronics Limited, Hensoldt AG, Israel Aerospace Industries, Leonardo SpA, Lockheed Martin Corporation, BAE Systems Plc, Northrop Grumman Corporation.
A key trend in the airborne fire control radar market includes technological advancement. Major companies operating in the airborne fire control radars 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.
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The airborne fire control radar market is segmented -
• 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.
The Business Research Company's "Global Airborne Fire Control Radar Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
26. Africa Airborne Fire Control Radar Market
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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