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Airborne Fire Control Radar Market Trends, Top Companies, Share, Growth And Forecast 2033

07-30-2024 12:19 PM CET | IT, New Media & Software

Press release from: The Business research company

Airborne Fire Control Radar Market

Airborne Fire Control Radar Market

The new report published by The Business Research Company, titled "Airborne Fire Control Radar 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 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 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%.

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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.

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.

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

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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

Contents of the report:
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

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/airborne-fire-control-radar-global-market-report

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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.

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