The global airborne fire control radar market size was US$ 2653.7 million in 2021. The global airborne fire control radar market size is forecast to reach US$ 4,555.09 million by 2030, growing at a compound annual growth rate (CAGR) of 6.18% during the forecast period from 2022 to 2030.
Airborne fire control radars (AFCRs) are long-range detection systems used to intercept, track, and attack hostile air-to-air and air-to-ground targets. They are lightweight and compact and can integrate with missiles, guns, and rockets on fast strike aircraft and helicopters. They use low-pulse repetition frequency (LPRF) systems to instigate the doppler frequency to detect changes in the range of moving targets. The radars detect the target location and process the data to determine the trajectory and position of the target. In addition, AFCRs assist in navigating around fixed or moving targets and generate collision warnings to prevent large aircraft from colliding. It allows these radars to use in terms of detection, search, surveillance, weapon guidance, and navigation.
Factors Influencing Market Growth
Impact Analysis of COVID-19
COVID-19 has caused supply-chain disruptions that have led to the cancellation of new aircraft orders. In addition, few aircraft manufacturers have faced production halts. The COVID-19 pandemic led to a delay in developing airborne fire control radars, an inability for key players to operate, the cancellation of contracts, and the shortage of parts. Regulations relating to the import and export of goods have led to shortages of components, subsystems, and electronic systems, resulting in manufacturing delays. In the wake of the pandemic, manufacturers faced revenue crunches and increased maintenance costs.
Regional Insights
The Asia Pacific region is forecast to experience significant growth during the forecast period. Due to the increased purchase of fifth-generation fighter jets in China and the growth of demand for combat helicopters & UAVs from emerging economies such as India & China. For example, the Indian Defense ministry approved a deal in 2020 to purchase MiG-29 jet jets for the Indian Air Force in order to upgrade 59 existing MiG-29 jet jets in the IAF's inventory.
Leading Competitors
The leading prominent companies profiled in the global airborne fire control radar market are:
Scope of the Report
The global airborne fire control radar market segmentation focuses on Frequency Band, Platform, Application, and Region.
Segmentation based on Frequency Band
Segmentation based on Platform
Segmentation based on Application
Segmentation based on Region