openPR Logo
Press release

Airborne Fire Control Radar Market to Hit $81.01 Billion by 2028 with 8.2% CAGR, Driven by Military Spending

06-13-2024 03:44 PM CET | Aerospace & Defense

Press release from: The Business Research Company

Airborne Fire Control Radar Market Report

Airborne Fire Control Radar Market Report

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Airborne Fire Control Radar Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $81.01 billion In 2028 At A CAGR Of 8.2%:

The airborne fire control radar market size has grown strongly in recent years. It will grow from $2.75 billion in 2023 to $2.94 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to military modernization programs, threat evolution, cold war era developments, integration with fighter aircraft, multi-functionality requirements, global conflicts and counterterrorism operations.

The airborne fire control radar market size is expected to see strong growth in the next few years. It will grow to $3.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to rapid advancements in radar electronics, integration with network-centric warfare, emphasis on beyond visual range engagement, demand for lightweight and compact systems, development of passive and covert systems, global expansion of airborne surveillance. Major trends in the forecast period include advancements in active electronically scanned array (aesa) technology, implementation of gallium nitride (gan) technology, increased focus on software-defined radars, incorporation of artificial intelligence (ai).

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=7939&type=smp

Airborne Fire Control Radar Market Major Segments
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, Ait To Air

Key Driver - Growing Military Expenditure Fuels Airborne Fire Control Radar Market

The growing military expenditure is expected to propel the growth of the airborne fire control radar 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. The five largest spenders in 2021 were the United States, China, India, the United Kingdom, and Russia, together accounting for 62% of expenditure. Therefore, growing military expenditure is driving demand for the automotive silicone market.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=7939&type=smp

Prominent Trend - Technological Advancements Drive Innovation In Airborne Fire Control Radar Market

Technological advancements are a key trend gaining popularity in the airborne fire control radar market. Major companies operating in the airborne fire control radar 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. Following the launch, G/ATOR successfully tracked every target and transmitted pertinent information in real-time to intercept several cruise missile targets from various angles. During an accurate simulation of an enemy attack, the AN/TPS-80 showed a variety of performance capabilities. As the world's most advanced expeditionary radar, G/ATOR is unmatched in its capacity to detect multiple airborne targets simultaneously with weapons-quality accuracy and 360-degree surveillance.

Airborne Fire Control Radar Market Players
Major companies operating in the airborne fire control radar market report are 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., Lufthansa Systems, NEC Corporation, ADB Airfield Solutions LLC, Advanced Navigation & Positioning Corporation, Systems Interface Limited, L3Harris Technologies Inc., Lehmann & Voss & Co. KG, AGC Chemicals Americas, ELTA Systems Ltd., BASF, Celanese, RTP Company, Quadrant Group, A. Schulman Inc., Airport Lighting Company, API Technologies

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/airborne-fire-control-radar-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the airborne fire control radar market in 2023. 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.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Airborne Fire Control Radar Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Airborne Fire Control Radar Market to Hit $81.01 Billion by 2028 with 8.2% CAGR, Driven by Military Spending here

News-ID: 3538213 • Views:

More Releases from The Business Research Company

Construction Market Size, Analysis, Trends 2024-2033
Construction Market Size, Analysis, Trends 2024-2033
"The new report published by The Business Research Company, titled ""Construction Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends. As per the report, the construction market size has grown strongly in recent years. It will grow from $15192.71 billion in 2023 to
CAR-T Therapy Pipeline Analysis Market Report 2024-2033 | Size, Share, Trends, Overview
CAR-T Therapy Pipeline Analysis Market Report 2024-2033 | Size, Share, Trends, O …
"The new report published by The Business Research Company, titled ""CAR-T Therapy Pipeline Analysis Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends. As per the report, the car-t therapy pipeline analysis market size has grown rapidly in recent years. It will grow
Biologics Market Size, Share, Growth, Overview By 2024-2033
Biologics Market Size, Share, Growth, Overview By 2024-2033
"The new report published by The Business Research Company, titled ""Biologics Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends. As per the report, the biologics market size has grown strongly in recent years. It will grow from $416.65 billion in 2023 to
Antisense & RNAi Therapeutics Market Size, Share And Analysis 2024-2033
Antisense & RNAi Therapeutics Market Size, Share And Analysis 2024-2033
"The new report published by The Business Research Company, titled ""Antisense & RNAi Therapeutics Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends. As per the report, the antisense & rnai therapeutics market size has grown rapidly in recent years. It will grow

All 5 Releases


More Releases for Air

Air Ambulance Services Market Future Growth Analysis 2026 With Global Eminent Pl …
Advancements in healthcare technology along with increasing patient inclination towards faster and efficient mode of delivery has led to rampant growth of efficient and on-the-time delivery air ambulance services market size. Air ambulance services refer to transport or evacuation facilities provided to patients in emergency situations at the accident site, home, or hospital. Air ambulances are equipped with advanced medical facilities, including devices used in emergencies, to provide immediate medical
Air Ambulance Services Market 2019 AMR PHI Air Medical Scandinavian Air Ambulanc …
Air medical services is a comprehensive term covering the use of air transportation, airplane or helicopter, to move patients to and from healthcare facilities and accident scenes. Personnel provide comprehensive prehospital and emergency and critical care to all types of patients during aeromedical evacuation or rescue operations aboard helicopter and propeller aircraft or jet aircraft. Request a Sample of this Report @ http://www.orbisresearch.com/contacts/request-sample/2398576
Air Ambulance Services Market 2026: Air Methods Corporation, Deccan Charters, Sc …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. Publisher’s Air Ambulance Services market research report provides the newest industry data and industry future trends, allowing you to identify the products and
Air Ambulance Services Market Growth, & Key Business Strategies by Leading Indus …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Air Ambulance Services Speaker market, analyzes and researches the Air Ambulance Services Speaker development status and forecast in
Air Ambulance Services Market Analysis Report, Regional Outlook with Key Players …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Air Ambulance ServicesSpeaker market, analyzes and researches the Air Ambulance Services Speaker development status and forecast in North
Air Ambulance Services Market Analysis Report, Regional Outlook with Key Players …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Air Ambulance Services Speaker market, analyzes and researches the Air Ambulance Services Speaker development status and forecast in