MarkNtel Advisors recently published a detailed industry analysis of the Global Missile Decoy Systems Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Missile Decoy Systems Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The Missile Decoy Systems Market is projected to grow at a CAGR of around 20.59% during the forecast period, i.e., 2023-28.
What are the major Driver the Global Missile Decoy Systems industry?
Increasing Military Focus Towards Anti-Aircraft Systems to Promote the Missile Decoy Integration – With the advancement of aircraft technology towards modern avionics, electronic warfare systems, radar absorbent materials, supercruise, etc., various countermeasures have also been devised by the countries which include effective, quick response, and highly mobile surface-to-air missiles. As militaries require operations in diverse threat environment securing a high-value, fighter jet has become a priority due to which many countries have focused on installing active missile decoys on board to deceive enemy missiles through the simulation of radar, heat, and electronic signatures of the aircrafts.
Additionally, with the large number of 4th generation and 5th generation aircraft at the disposal of air forces across the globe, the demand for installing missile decoys to cope with the new age anti-aircraft missiles has extensively grown. Therefore, integrating missile decoys has become a cost-effective solution for operating aircraft in both friendly and hostile airspaces, as upgrading and advancing onboard systems demand substantial investments to create a strong electronic warfare system.
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What segments define the Global Missile Decoy Systems Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Function
- Infrared Decoy Systems- Market Size & Forecast 2018-2028, USD Million
- Radar Decoy Systems- Market Size & Forecast 2018-2028, USD Million
- Laser Decoy Systems- Market Size & Forecast 2018-2028, USD Million
- Electronic Warfare (EW) Decoy Systems- Market Size & Forecast 2018-2028, USD Million
- Other Decoy Systems (Acoustic, Visual, etc.)- Market Size & Forecast 2018-2028, USD Million
According to report, Among all, Radar Decoy Systems are expected to exhibit a sizeable share in the Global Missile Decoy Systems Market.
By Platform
- Airborne Decoy Systems – Market Size & Forecast 2018-2028, USD Million
- Naval Decoy Systems- Market Size & Forecast 2018-2028, USD Million
- Ground-based Decoy Systems- Market Size & Forecast 2018-2028, USD Million
According to report, Airborne platforms are gaining notable momentum in the Global Missile Decoy Systems Market.
By Type
- Passive Decoy Systems – Market Size & Forecast 2018-2028, USD Million
- Active Decoy Systems – Market Size & Forecast 2018-2028, USD Million
Explore the Complete Global Missile Decoy Systems Market Analysis Report –
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Geographical Analysis: Global Missile Decoy Systems Market
By Region
- North America
- South America
- Europe
- Asia-Pacific
- Rest of World
Global Missile Decoy Systems Market Share & Competitive Landscape:
The Missile Decoy Systems Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Global Missile Decoy Systems Market are:
- Raytheon Technologies Corporation
- BAE Systems
- Leonardo S.p.A.
- Financial Details
- Bharat Electronics Limited
- Terma
- Elbit Systems Ltd.
- Safran
- Rheinmetall AG
- Mitsubishi Heavy Industries
- Lacriox
- Systems Engineering & Assessment
- JSK Naval Support.
Global Missile Decoy Systems Industry Recent Development:
- In 2023, Rafael announced the development of its new C-GEM and Wizard decoys adequate for the saturation anti-ship missiles.
- In 2023, the Philippines Navy test-fired its new ‘Bullfighter’ a 130mm missile decoy. The system is targeted at protecting naval vessels up to the size of frigates.
Questions Addressed in this Study
1.What factors are driving the Global Missile Decoy Systems Market growth?
2.How is the Global Missile Decoy Systems Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Global Missile Decoy Systems Market?
4.What is the current size of the Global Missile Decoy Systems Market, and how is it projected to change in the future?
6.What is the future outlook for the Global Missile Decoy Systems Market in terms of technological advancements and market expansion?
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Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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