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The latest report by IMARC Group, titled “Airborne Fire Control Radar Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the global airborne fire control radar market size reached US$ 2.84 Billion in 2021. Airborne fire control radar (AFCR) is a long-range detection system that intercepts, tracks and attacks hostile targets. It consists of antennas and low-pulse repetition frequency (LPRF) systems that identify a target’s coordinates and provide data, which help determine the target trajectory and its continuous position. It also estimates the target range, range rate, azimuth and elevation angle and offers high mission reliability and multi-target tracking capabilities. Owing to these properties, AFCRs are widely utilized for detection, search, surveillance, weapon guidance and navigation operations in air-to-air, air-to-sea, and air-to-land missions.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Airborne Fire Control Radar Market Trends:
The market is primarily driven by the widespread adoption of active electronically scanning arrays (AESA) in aircraft. In addition, the escalating demand for advanced electro-optical systems integrated with geolocation sensors, and surveillance and reconnaissance systems in helicopters represent another major growth-inducing factor. Besides this, military and defense organizations are deploying AFCRs to detect targets and conduct critical missions due to the rising cross-border disturbances and terrorist attacks. This, coupled with the increasing procurement of fighter jets by governments of developing economies to enhance the aerial strength of defense forces, is propelling the market growth. Moreover, the rising military budgets of countries, including the United States, China, Russia, India, Japan, and South Korea, and rapid automation in security and surveillance radar systems technology are also creating a positive market outlook across the globe. Looking forward, IMARC Group expects the market value to reach US$ 3.76 Billion by 2027 exhibiting a CAGR of 4.50% during the forecast period (2022-2027).
Market Summary:
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