+1 915 229 3004 (U.S.) | 
+44 7452 242832 (U.K.)
+1 915 229 3004 (U.S.) | +44 7452 242832 (U.K.)
Global Decoy Flares Market Size was valued at USD 1.6 Billion in 2022. The Decoy Flares market industry is projected to grow from USD 1.7 Billion in 2023 to USD 1.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.30% during the forecast period (2023 - 2032). Air defense system purchases are rising, missile jamming decoys are becoming more advanced, and asymmetric warfare and terrorism are becoming more commonplace around the world, are the key market drivers enhancing the market growth.
Download Free Sample to learn more about this report.
Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
Due to the rise in regional conflicts and the need for security, some countries are investing in state-of-the-art air defence systems for their armed forces. For instance, in July 2019, Russia began supplying Turkey with S-400 air defence system components. Additionally, India is projected to start acquiring S-400 systems by the end of 2021 as part of a 1.93 billion USD deal with Russia for the 5 S-400 regiments. As a result, an increase in the number of defence systems that various countries buy would encourage the growth of the global decoy flares market.
One of the main factors influencing the adoption of the decoy flares market globally is the replacement of F-16 fighter jets and L-39 trainers, as well as the procurement of various transport, helicopters, spy satellites, and unmanned aircraft. The Royal Thai Air Force recently released a white paper in which it discussed several plans. Improvements to the Saab Early Warning System were part of these proposals. Similar to this, in July 2020, the Defence Acquisition Council (DAC) approved defence deals totalling Rs 38,900 crore, including the purchase of 12 Su- 30MKI Russian aircraft and 21 MiG-29 fighter jets for the Indian Air Force (IAF). These deals also included the upgrade of 59 existing MiG-29 jets from the IAF inventory. These plans and agreements by significant industry players are anticipated to hasten market expansion in the ensuing years.
The British Royal Air Force (RAF) may soon be using Tornado fighter jets equipped with missile-jamming decoys after the Ministry of Defence placed an order with Leonardo. Leonardo, the first business to work jointly on a project with the Rapid Capability Office (RCO), will develop new fighter jet countermeasures termed expendable active decoys (EAD). EADs for RAF fighter jets will be developed utilising Leonardo's BriteCloud EAD technology. The BriteCloud self-contained digital radio frequency memory (DRFM) jammer is designed to protect fighter jets from cutting-edge dangers including RF-guided missiles and fire-control radars. Following manual or automatic ejection from a standard chaff and flare dispenser, BriteCloud monitors RF emissions and compares them to its pre-programmed threat library. When a match is made, the decoy uses advanced algorithms to send out a decoy signal that confuses the danger radar and encroaching missile. Thus, driving the Decoy Flares market revenue.
The global Decoy Flares market segmentation, based on application, includes fixed-wing and rotary-wing. The fixed-wing segment dominated the global Decoy Flares market in 2022. Fixed wing refers to the use of decoy flares on defence aircraft. Potential market opportunities for decoy flares are being created by the global growth in government spending on the procurement of combat and transport aircraft fleets for securing individual country borders.
The global Decoy Flares market segmentation, based on Type, includes pyrotechnic flares, pyrophoric flares, and others. The pyrotechnic flares segment accounted for the largest revenue share in 2022. The increasing use of pyrotechnic flares in military aircraft is one of the main drivers of the market's expansion. The pyrotechnic flares also produce highly visible white light and smoke. They ignite and emit a lot of infrared energy for 5 to 10 seconds after being launched, confusing and diverting the missile's seeker. The defence forces and aircraft OEMs currently make extensive use of the NATO square format calibres. In order to stay up with advancements in airborne countermeasure technologies and aircraft models, manufacturers of decoy flares frequently update their products.
Download Free Sample to learn more about this report.
Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
By region, Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. The North America Decoy Flares Market dominated this market in 2022 (45.80%). The market is being pushed by the growing demand for decoy flares from the defence industry. Decoy flares are frequently used in the defence sector to protect military aircraft from missiles. Another element boosting the market is the expanding use of decoy flares in the commercial sector to protect aeroplanes from heat-seeking missiles. Further, In the North American area, the U.S. Decoy Flares market had the biggest market share, while the Canada Decoy Flares market had the quickest rate of expansion.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Download Free Sample to learn more about this report.
Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
Europe Decoy Flares market accounted for the healthy market share in 2022. The increase in sales of military aircraft is one of the main factors promoting the growth of the decoy flares market in Europe over the anticipated timeframe. Further, In the European region, the German Decoy Flares market had the biggest market share, and the U.K. Decoy Flares market had the quickest rate of growth.
The Asia Pacific Decoy Flares market is expected to register significant growth from 2023 to 2032. The governments of certain nations have already started to increase their defence budget to confront security threats and counter terrorism. For instance, in 2016, the military budgets of China, Russia, Saudi Arabia, and South Korea all climbed by an average of 5%. Moreover, In the Asia-Pacific region, the Indian Decoy Flares market had the quickest rate of growth while China's Decoy Flares market had the greatest market share.
Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the Decoy Flares market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The Decoy Flares sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the worldwide Aerospace Foam industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the Decoy Flares sector. Major players in the Decoy Flares market, including Ordtech, Rosoboronexport, TARA Aerospace AD, Armtec Defense Technologies, LACROIX, Owen International, Rheinmetall AG, Premier Explosives Limited, Mil-Spec Industries Corporation, and Elbit Systems Ltd., are attempting to increase market demand by investing in research and development operations.
Northrop Grumman Corp., also known as Northrop Grumman, produces aerospace and defence products. The company's product line includes services for modernization, logistics, cybersecurity, command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR), unmanned systems, and autonomous systems. Northrop Grumman's solutions can be used by the information systems, electronics, aerospace, and defence industries. It manufactures acoustic sensors for aircraft carriers and submarines, mission-critical computer systems, spacecraft systems, and wireless communication infrastructure. The company offers products and services to businesses in North America, Europe, and Asia-Pacific as well as to federal, state, and local governments around the world. The corporation is based in Falls Church, Virginia, in the United States. In order to develop new flares for the F-35 Lightning II aircraft, the U.S. Air Force awarded Northrop Grumman Corporation (U.S.) a contract of US$ 355 million in October 2018.
BAE Systems Plc (BAE) is a systems integrator and defence contractor. The company provides military, aerospace, and security systems for the air, land, and sea. In addition to information technology solutions and support services, BAE's product offerings include advanced electronics, cybersecurity, and intelligence technologies. The company develops, manufactures, and sells a variety of products, including guided missile systems, avionics, radars, command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) systems, and military aircraft. The government and commercial clients are both catered to. The company has activities throughout Africa, the Middle East, Central and South America, North America, and Asia-Pacific. The headquarters of BAE are located in London, England. To develop and test a dual-band, next-generation Fiber-Optic Towed Decoy (FOTD) that would protect pilots and aircraft against cutting-edge threats, the U.S. Navy awarded BAE Systems a contract worth US$36.7 million in 2019.
· Ordtech
· Rosoboronexport
· TARA Aerospace AD
· Armtec Defense Technologies
· LACROIX
· Owen International
· Rheinmetall AG
· Premier Explosives Limited
· Mil-Spec Industries Corporation
· Elbit Systems Ltd.
March 2019: TransDigm Group Incorporated paid USD 3.9 billion to acquire Esterline Technologies Corporation.
September 2019: A three-year Indefinite Delivery/Indefinite Quantity (IDIQ) contract for USD 8.1 million for the supply of MJU-66 flares has been given to Chemring Group PLC by the US Navy and US Air Force.
September 2018: The Northrop Grumman Corporation completed the purchase of Orbital ATK, Inc. As a result of this acquisition, Northrop Grumman's product lineup in the decoy flares sector is expected to expand.
· Pyrotechnic Flares
· Pyrophoric Flares
· Others
· Fixed Wing
· Rotary Wing
· North America
- US
- Canada
· Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
· Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
· Rest of the World
- Middle East
- Africa
- Latin America
Report Scope
|
Report Attribute/Metric |
Details |
|
Market Size 2022 |
USD 1.6 Billion |
|
Market Size 2023 |
USD 1.7 Billion |
|
Market Size 2032 |
USD 1.8 Billion |
|
Compound Annual Growth Rate (CAGR) |
4.30% (2023-2032) |
|
Base Year |
2022 |
|
Market Forecast Period |
2023-2032 |
|
Historical Data |
2018- 2022 |
|
Market Forecast Units |
Value (USD Billion) |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
Type, Application, and Region |
|
Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
|
Countries Covered |
The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
|
Key Companies Profiled |
Ordtech, Rosoboronexport, TARA Aerospace AD, Armtec Defense Technologies, LACROIX, Owen International, Rheinmetall AG, Premier Explosives Limited, Mil-Spec Industries Corporation, and Elbit Systems Ltd. |
|
Key Market Opportunities |
· The increasing spending by military forces on air defense systems |
|
Key Market Dynamics |
· Increase in procurements of air defense systems, the growing development of missile jamming decoys, and the increasing incidences of asymmetric warfare and terrorism across the globe |
The global Decoy Flares Market was valued at USD 1.6 billion in 2022, and it is estimated to reach USD 1.8 billion by 2032.
The global market is projected to grow at a CAGR of 4.20% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are Ordtech, Rosoboronexport, TARA Aerospace AD, Armtec Defense Technologies, LACROIX, Owen International, Rheinmetall AG, Premier Explosives Limited, Mil-Spec Industries Corporation, and Elbit Systems Ltd.
The Pyrotechnic Flares Type dominated the market in 2022.
The Fixed Wing Application had the largest share in the global market.
Report Code :
RL65150
Published on :
Sep 2023
Request a Free Sample Report
Speak to Analyst