The global airborne fire control radar market was valued at USD 2,655.4 million in 2020. The COVID-19 pandemic had an unprecedented and significant impact on this market, resulting in a sharp decline in demand across all regions. Our analysis indicates that the market experienced a substantial contraction of 6.7% during 2020. However, the market is expected to recover and grow from USD 2,797.3 million in 2021 to USD 3,866.4 million by 2028, registering a compound annual growth rate (CAGR) of 4.73% during the 2021-2028 period. North America led the market, accounting for 33.57% of the global share in 2020.
The airborne fire control radar market is experiencing steady growth due to rising demand for advanced radar systems in military and defense applications. These radars are essential for detecting, tracking, and engaging airborne and ground-based targets with precision. The growing need for enhanced situational awareness, coupled with advancements in radar technology, such as active electronically scanned arrays (AESA), is driving market expansion. Increasing defense budgets, particularly in regions like North America and Asia-Pacific, along with modernization programs for existing aircraft fleets, further contribute to the demand for airborne fire control radars.
Segmentation Insights:
The market analysis offers a detailed segmentation based on radar type, platform, frequency band, and region. It evaluates various radar types, such as mechanically scanned array (MSA) and electronically scanned array (ESA), for their market share and growth prospects. Additionally, segmentation by platform includes fighter jets, helicopters, unmanned aerial vehicles (UAVs), and others, providing a comprehensive overview of the market landscape.
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Key Players:
Key Market Insights: Airborne Fire Control Radar Market