Airborne Fire Control Radar Market Forecast 2024-2032: Key Trends, Industry Share, and Growth Outlook

The global airborne fire control radar market size was valued at USD 3.07 billion in 2023. The market is expected to expand from USD 3.25 billion in 2024 to USD 5.15 billion by 2032, exhibiting a CAGR of 5.9% over the study period.

Modern military aircraft heavily rely on airborne fire control radars to execute a range of missions, including air-to-ground strikes, maritime surveillance, and air-to-air combat. The increasing acquisition of fighter jets to strengthen aerial capabilities is expected to drive market growth. New-generation fighter aircraft are being designed to integrate advanced radar systems that provide superior target tracking, engagement, and acquisition performance.

The COVID-19 pandemic significantly disrupted the defense sector, primarily due to supply chain disturbances affecting major industry players. This disruption led to the cancellation of numerous defense contracts. Aircraft manufacturers such as Boeing and Airbus S.A.S. announced plans to delay aircraft deliveries in response to the economic downturn caused by the pandemic.
Fortune Business InsightsTM provides this information in its research report, titled "Airborne Fire Control Radar Market Size, Share, 2024-2032".

List of Key Players Mentioned in the Airborne Fire Control Radar Market Report:
• Airbus S.A.S. (Netherlands)
• Bharat Electronics Limited (BEL) (India)
• General Dynamics Corporation (U.S.)
• Israel Aerospace Industries Ltd (Israel)
• Leonardo S.p.A. (Italy)
• Lockheed Martin Corporation (U.S.)
• Northrop Grumman Corporation (U.S.)
• Raytheon Technologies Corporation (U.S.)
• Saab AB (Sweden)

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Segmentation:

Surging Deployment of AFCR in Fighter Jets to Propel Fixed-wing Aircraft Segment Growth
In terms of platform, the market is classified into Unmanned Aerial Vehicles (UAVs), missiles & guided munitions, rotorcrafts, fixed-wing aircraft, and others. The fixed-wing aircraft segment led in 2023, which can be attributed to the increasing deployment of AFCR in fighter jets. Thales released RDY-3 modular, multifunction, and lightweight airborne fire control radar.

X-band's Dominance is led by its Higher Frequency Range, Helping in Better Performance
On the basis of frequency band, the market is divided into Ka-band, Ku-band, X-band, and others. The X-band segment captured the largest airborne fire control radar market share in 2023 as this band has a higher frequency range, which helps fighter aircrafts to perform better and quickly scan operations.

Uptake of Active Electronically Scanned Array (AESA) Radars to Augment Segment Growth
In terms of technology, the market is categorized into Passive Electronically Scanned Array (PESA) and Active Electronically Scanned Array (AESA). The Active Electronically Scanned Array (AESA) segment is anticipated to witness the largest share during the study period, which can be ascribed to the uptake of this technology, which is considerably improving the capabilities of airborne fire control radar systems. This factor makes them highly necessary in modern military operations.

Expanding Defense Budgets to Foster Standalone Fire Control Radar Segment Expansion
By deployment mode, the market is divided into standalone fire control radar and integrated fire control system. The standalone fire control radar segment occupied the largest share in 2023, which can be credited to expanding defense budgets, technological innovations, evolving threats, and military modernization efforts.

Regionally, the market is categorized into the Middle East & Africa, North America, South America, Asia Pacific, and Europe.

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Report Coverage:
The market research report provides an in-depth analysis of the strategic initiatives implemented by top companies to stand out from the competition. It further provides a comprehensive coverage of the key factors impacting the market expansion. Additional aspects of the report include key segments, COVID-19 pandemic impact, and latest trends.

Drivers and Restraints:
Surging Deployment of AESA Technology to Bolster Market Expansio
AESA enables the electronic control of radio waves for the precise determination of a target's direction, which is appealing to the armed forces. This technology is mainly deployed in fifth-generation fighter jets to get multi-target tracking capabilities and high mission dependability. This technology is utilized to offer alternate modes of multi-mission capabilities for air-to-air, air-to-ground, and air-to-sea operations with air-missile weapon capacity.
Despite such opportunities, the prohibitive cost of maintenance may impede airborne fire control radar market growth.

Regional Insights:
North America to Hold Dominating Position Driven by Robust Presence of Top Aircraft Manufacturers
North America airborne fire control radar market is anticipated to continue to dominate in the forthcoming years on account of robust presence of key aircraft manufacturers, such as Northrop Grumman Corporation, Lockheed Martin Corporation, and Raytheon Technologies Corporation.
Europe is expected to witness considerable growth in the forthcoming years, which can be credited to the rising demand for the AFCR system from the Air Force of nations, including Germany and the U.K. The increasing defense budget of Germany and the U.K. is also set to aid market expansion.

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Competitive Landscape:
Top Participants Emphasize Releasing Innovative Products to Strengthen their Position

Different strategic initiatives, such as mergers, acquisitions, capacity expansions, and partnerships, are being deployed by leading companies to achieve a competitive advantage and gain the largest share. A wide array of companies are also prioritizing the release of innovative capabilities of products to boost their position.

Key Industry Development:
February 2021: Hindustan Aeronautics Limited (HAL) installed the ELTA-sourced Active Electronically Scanning Radar in Jaguar Darin III fighter jets. It is an advanced fire control radar particularly developed for air-to-air attack and offers solid-state active electronically scanning array technology.

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This release was published on openPR.