PUBLISHER: The Business Research Company | PRODUCT CODE: 1390959
PUBLISHER: The Business Research Company | PRODUCT CODE: 1390959
“Airborne Countermeasure System Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on airborne countermeasure system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for airborne countermeasure system? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The airborne countermeasure system market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
An airborne countermeasure system is an electrical and electronic device utilized to neutralize the operational capabilities of adversary radars, strategically denying them targeting information. This serves both offensive and defensive purposes.
Key categories of airborne countermeasure systems encompass Identification Friend or Foe (IFF) systems, Missile Approach Warning Systems, and other specialized types. IFF systems, specifically designed for command and control, are integral components of military aircraft, military helicopters, and unmanned systems. These systems find applications in jamming, missile defense, and countering opposing countermeasures.
The airborne countermeasure system market research report is one of a series of new reports from The Business Research Company that provides airborne countermeasure system market statistics, including airborne countermeasure system industry global market size, regional shares, competitors with an airborne countermeasure system market share, detailed airborne countermeasure system market segments, market trends and opportunities, and any further data you may need to thrive in the airborne countermeasure system industry. This airborne countermeasure system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The airborne countermeasure system market size has grown strongly in recent years. It will grow from $12.21 billion in 2023 to $12.97 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth observed in the historical period can be ascribed to an escalation in terrorist threats, increased allocations to military budgets, advancements in autonomous and unmanned aircraft, as well as government initiatives.
The airborne countermeasure system market size is expected to see strong growth in the next few years. It will grow to $16.36 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The anticipated growth in the forecast period is linked to the rise in geopolitical tensions and conflicts, a heightened demand for missile detection systems, escalating investments in electronic warfare capabilities, and an upsurge in military modernization efforts. Key trends expected in this forecast period encompass the integration of artificial intelligence (AI), the adoption of adaptive and multispectral systems, advancements in miniaturization and weight reduction, the implementation of directed energy countermeasures, and the development of collaborative systems.s.
The increasing frequency of bilateral armed confrontations between nations is expected to be a driving force behind the growth of the airborne countermeasure systems market. These confrontations encompass wars between states or ongoing political disputes involving confrontations and armed combat between a government's troops and its opponents. During such military clashes between nations, airborne countermeasure systems play a pivotal role in protecting aircraft from radar-guided and infrared-seeking missiles, utilizing advanced combat techniques and weaponry. Notably, data from the Stockholm International Peace Research Institute in February 2021 revealed that active armed conflicts occurred in at least 46 states in the same year. Within these conflicts, two intrastate confrontations, resulting in more than 10,000 conflict-related deaths, emerged as major armed conflicts. This underscores the pivotal role of airborne countermeasure systems in times of heightened global conflict, driving the market's growth.
The growth of the airborne countermeasure system market is poised to benefit from the increasing military expenditure. Military expenditure encompasses the financial resources allocated to sustain an armed force and other defense components as part of a country's defense budget. Airborne countermeasure systems are critical for military aircraft, safeguarding them against threats such as missiles, radar-guided weapons, and other airborne hazards. Data from an analysis by the World Bank in April 2022 indicated a total global military spending of 2.08 trillion in 2021, with the United States alone allocating $800,672,200,000 billion that year. The consistent rise in military expenditure reflects the importance placed on defense capabilities, driving the growth of the airborne countermeasure system market.
A notable trend within the airborne countermeasure system market is the emphasis on technological advancements. Leading companies operating in this sector are actively developing cutting-edge technologies to maintain their positions in the market. For instance, in July 2022, Elbit Systems Ltd., an Israel-based company specializing in airborne countermeasure systems, introduced the X-Sight HMD system for helicopters, an innovative technological vision suite designed for military helicopters, representing fifth-generation aircraft technology. This advanced system includes a mission computer powered by artificial intelligence (AI) for real-time data fusion and machine learning of obstacles and threats, as well as operational applications. Additionally, it integrates a state-of-the-art sensor array that combines the Xplore radar with the BrightNite multi-spectral payload. These technological advancements enhance the capabilities of airborne countermeasure systems, contributing to their significance and continued market growth.
Leading companies in the airborne countermeasure system market are actively developing innovative products, such as miniature countermeasure systems, to enhance their standing in the industry. A miniature countermeasure system is an advanced, compact, and digital defense mechanism specifically engineered to protect aircraft and their crews from radar-guided air-to-air and surface-to-air missiles. This expendable radio frequency decoy is designed to weigh less than 800 grams, resembling a size not much larger than a typical cellphone. For example, in June 2023, Elbit Systems, an Israel-based international defense electronics company, introduced a novel airborne ECM- Nano SPEAR. This system boasts an advanced digital receiver, a digital RF memory device, and an electronic warfare (EW) technique generator. It is capable of complementing an aircraft's existing EW systems or serving as a standalone EW solution. The Nano SPEAR offers a compact yet effective solution to bolster an aircraft's self-protection capabilities against radar-guided air-to-air and surface-to-air missiles.
In April 2023, Ducommun Incorporated, a US-based aerospace and defense company, made an undisclosed acquisition of BLR Aerospace, LLC. This strategic acquisition is anticipated to fortify Ducommun's standing within the aerospace industry while expanding its capabilities. BLR Aerospace, a US-based company specializing in manufacturing aerospace equipment and airborne countermeasure systems, represents a strategic addition to Ducommun's portfolio. This move aligns with Ducommun's objectives to bolster its presence in the aerospace sector and enhance its range of offerings within airborne countermeasure systems.
Major companies operating in the airborne countermeasure system market include BAE Systems PLC, Chemring Counter Measures Ltd., Elbit Systems Ltd., Israel Aerospace Industries Ltd., L-3 Technologies, Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Saab AB, Safran S.A., Blue Origin LLC, Cobham Limited, Collins Aerospace, General Atomics Systems Integration LLC, Space Exploration Technologies Corporation (SpaceX), The Boeing Company, The Raytheon Company, Indra Sistemas SA, Thales Group, Rheinmetall AG, Terma A/S, Ultra Electronics, ASELSAN AS, Space Exploration Technologies Corporation, The Boeing Company, The Raytheon Company
North America was the largest region in the airborne countermeasure system market in 2023. The regions covered in this airborne countermeasure system market research report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the airborne countermeasure system market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The airborne countermeasure system market consists of sales of Jammers , Electronic Warfare Management Systems, Self-protection Systems , Directed Energy Weapons , Infrared Countermeasures , Laser Warning and Countermeasure Systems (LWCS) , and Radar Warning Systems . Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.