Press release
Airborne Countermeasure System Market Report 2024: Strategies And Recent Developments
Airborne Countermeasure System Market
The Business Research Company offers in-depth market insights through Airborne Countermeasure System Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The airborne countermeasure system market size has grown strongly in recent years. It will grow from $12.21 billion in 2023 to $12.97 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to rise in terrorist threats, rise in military budgets, development of autonomous and unmanned aircraft, government initiatives.
The airborne countermeasure system market size is expected to see strong growth in the next few years. It will grow to $16.36 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to increasing geopolitical tensions and conflicts, growing need for missile detection systems, increasing investments in electronic warfare capabilities, rise in military modernization . Major trends in the forecast period include integration of artificial intelligence (ai), adaptive and multispectral systems, miniaturization and weight reduction, directed energy countermeasures, collaborative systems.
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Market Segmentation:
The main types of airborne countermeasure systems are identification friend or foe (IFF) systems, missile approach warning systems, and other types. The identification friend or foe system (IFF) is an identification system designed for command and control. The platforms involved military aircraft, military helicopters, and unmanned systems. The various applications include jamming, missile defense, and counter-countermeasures.
Major Driver - Rising Frequency Of Bilateral Armed Confrontations Propels Growth Of Airborne Countermeasure Systems Market
The rising frequency of bilateral armed confrontations between nations is expected to propel the growth of the airborne countermeasure systems market going forward. Bilateral armed confrontation refers to a war between states or an ongoing political dispute within a state in which there are confrontations or armed combat between the government's troops and its opponents. During military clashes between nations, the counter-measures dispensing system protects the aircraft from radar-guided and IR-seeking missiles with the aid of new fighting techniques and weaponry. For instance, in February 2021, according to the Stockholm International Peace Research Institute, a Solna-based organization adopted by the Swedish Government, Active armed conflicts occurred in at least 46 states in 2021 . Among those conflicts, two intrastate conflicts with more than 10,000 conflict-related deaths in the year were major armed conflicts. Therefore, the rising frequency of bilateral armed confrontations between nations is driving the growth of the airborne countermeasure system market.
Competitive Landscape:
Major companies operating in the airborne countermeasure system market include BAE Systems plc, Chemring Counter Measures Ltd., Elbit Systems Ltd., Israel Aerospace Industries Ltd., L-3 Technologies, Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Saab AB, Safran S.A., Blue Origin LLC, Cobham Limited, Collins Aerospace, General Atomics Systems Integration LLC, Space Exploration Technologies Corporation (SpaceX), The Boeing Company, The Raytheon Company, Indra Sistemas SA, Thales Group, Rheinmetall AG, Terma A/S, Ultra Electronics, ASELSAN AS, Space Exploration Technologies Corporation, The Boeing Company, The Raytheon Company
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Top Trend - Technological Advancements Drive Popularity In Airborne Countermeasure System Market
Technological advancement is a key trend gaining popularity in the airborne countermeasure market. Major companies operating in the airborne countermeasure system market are developing advanced technologies to sustain their position in the airborne countermeasure system market. For instance, in July 2022, Elbit Systems Ltd., an Israel-based company manufacturing airborne countermeasure systems, introduced the X-Sight HMD system for helicopters, an innovative technological vision suite for military helicopters (a fifth-generation aircraft technology). The X-Sight HMD system for helicopters is a new mission computer powered by artificial intelligence (AI) for real-time data fusion and machine learning of obstacles and threats as well as for running operational applications, and an integrated array of sensor systems combining the cutting-edge Xplore radar and the operational BrightNite multi-spectral payload make up the new technological suite.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Airborne Countermeasure System Market Characteristics
3. Airborne Countermeasure System Market Trends And Strategies
4. Airborne Countermeasure System Market - Macro Economic Scenario
5. Airborne Countermeasure System Market Size And Growth
…..
27. Airborne Countermeasure System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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