Market Insights
The airborne fire control radar market was estimated at US$ 3.3 Billion in 2021 and is expected to grow at a CAGR of 7.3% during 2022-2028 to reach US$ ~6.1 Billion in 2028.
Traditional radar systems often had spinning antennas that operated on set frequencies and could only perform one function, necessitating the use of separate systems for observation and targeting. Radars based on active electronically scanning array (AESA) technology, however, are able to perform many tasks at once. Additionally, AESA radar may generate pulses with interleaved pulse streams that perform many tasks concurrently on a variety of frequencies. The market is anticipated to rise as a result of the increased use of active electronically scanned array technology in radars.
The airborne fire control radar was created primarily to supply data to the fire control systems for the purpose of calculating the firing solution. The airborne fire control radars' narrow radio wave emission assures the precision of the firing information and helps to keep the target on course. The developers of airborne fire control radar have created a track while scan feature that enables them to work as both search radar and fire control radar at the same time. The rate of airborne fire control radar adoption by defense forces in developed and developing countries has grown as a result of this progress.
The advancement of the active electronic scanned array (AESA) based systems is the primary element having a favorable influence on the growth of the airborne fire control radar market. The AESA is a phased array radar antenna that allows electronic control of the radio waves to point in any direction while maintaining the antenna's orientation. The market for airborne fire control radar is being driven by the AESA's ability to determine the target's direction with high accuracy, which is piquing the attention of the armed services. Additionally, expanding defence budgets in both established and emerging nations throughout the world are driving demand for the newest technology in the defense industry in order to provide military personnel with cutting-edge equipment.
A fire control radar is a radar that locates a target's coordinates and gives information that may be used to calculate the trajectory and continuous location of the target. In order to achieve extended detection ranges, high mission dependability, and multi-target tracking capabilities, airborne fire control radar detects the target and calculates the target range, range rate, azimuth angle, and elevation angle. These radars are designed for operations involving air to air, air to sea, and air to sea combat.
The lack of understanding of radar's ability to detect stealth technology is impeding the growth of the airborne fire control radar market. The use of stealth technology in the global military industry has grown recently, but radar development to detect stealth technology has not progressed. The market for airborne fire control radar is being significantly impacted by radars' inability to identify stealth technologies.
High security and surveillance radar technology is used in airborne fire control radar, allowing the armed services to improve their airborne military aviation infrastructure. The expansion of the airborne fire control radar market is being driven by the rising defence budgets across established and emerging areas, as well as the expanding usage of automated defence and surveillance radar systems. Airborne fire control radar demand is anticipated to increase significantly in the near future.
Before the pandemic started, there was a significant increase in the manufacture of airborne fire control radar systems due to expanding military modernization plans. But because of the COVID-19 pandemic, a few nations cut back on their military spending in 2020 as a result of rising costs for medical supplies like oxygen tanks and vaccinations. Argentina spent $3.13 billion on its military in 2019, but that amount fell to $2.97 billion in 2020. This reduction in defence spending had some effect on the need for airborne fire control radar systems. The production process has been significantly impacted by a temporary factory closure, low raw material availability, restrictions on the small staff, and delays in anticipated supplies. The production process has begun to return to normal as a result of expanding immunization campaigns..
Several investments/guidelines in the industry have been directed in recent years, which would boost the overall market. Some of them are:
- Despite the COVID-19 epidemic, global military expenditures rose to approximately $2 trillion in 2020. The United States, China, Russia, India, Japan, and South Korea are the main contributors to the increase in military spending. Many nations have likewise raised their military spending. For instance, Russia will spend $61.7 billion more on its military in 2020, an increase of 2.5%. Therefore, it is projected that rising military spending in multiple nations would fuel market expansion.
Segment Analysis
Based on frequency band the market is segmented into X-Band, L And S-Band, and Ku/K/Ka-Band.
Based on the application the market is segmented into the air to ground, air to sea, and air to air.
Based on the platform the airborne fire control radar market is segmented into Fighter Jets, Combat Helicopters, and Others.
In terms of regions, North America will likely maintain its supremacy in the Airborne Fire Control Radar market throughout the forecast period. The market for airborne fire control radar, which measures the precision of the fire from airplanes or helicopters, is dominated by North America.
Concurrently, Asia Pacific is expected to witness the fastest growth in the airborne fire control radar market during the forecast period. The need for airborne fire control radar is growing significantly in the Asia Pacific area as a result of the region's growing air defense and the necessity for precision shooting from planes or helicopters. The Middle East and Africa are bigger markets for airborne fire control radar than South America.
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Report – Features
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Market Segmentation
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4
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Regions Covered
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6
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Countries/Sub-Regions Covered
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14
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No. of Figures & Tables
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>140
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Company Profiles
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10
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Key Players
There is stiff competition in the airborne fire control radar market. The growth of the companies is directly dependent on the industry conditions and government support. These companies differentiate their airborne fire control radar based on their quality and penetration in the target and emerging markets. Also, some major mergers and acquisitions in the industry recently have significantly influenced the competitive dynamics. For example:
- Several nations are always looking to improve the equipment and fleet of their air forces. But in recent years, a number of nations have been investing in brand-new planes with cutting-edge technology to bolster their air forces. For instance, India's Defense Ministry authorized a defence contract in July 2020 to upgrade 59 current MiG-29 fighters in the Indian Air Force's inventory in addition to purchasing 59 new MiG-29 jets from Russia. The market for airborne fire control radar is expected to develop as a result of the increasing number of nations that are acquiring fighter planes to increase aerial strength in their region.
The overall competitive landscape has been affected due to these mergers and acquisitions. The following are the major players in the airborne fire control radar market:
- General Dynamics Mission Systems, Inc.
- Israel Aerospace Industries
- Leonardo S.p.A.
- ASELSAN A
- Bharat Electronics Limited (BEL)
- Raytheon Technologies Corporation
- Saab AB
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Thales Group
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
