The market size of Global Missile Decoy Systems is projected to grow at a CAGR of around 20.59% during the forecast period, i.e., 2023-28.                                                             

Global Missile Decoy Systems Market Dynamics:

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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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

 

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Global Missile Decoy Systems Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2022

-Historical Period: 2018 to 2021

-Forecast Period: 2023-28

  • 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
  • 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
  • By Type
    • Passive Decoy Systems - Market Size & Forecast 2018-2028, USD Million
    • Active Decoy Systems - Market Size & Forecast 2018-2028, USD Million
  • By Region
    • North America
    • South America
    • Europe
    • The Middle East & Africa
    • Asia-Pacific

 

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   Raytheon Technologies Corporation, BAE Systems, Leonardo S.p.A., Bharat Electronics Ltd., Terma, Elbit Systems Ltd., Safran, Rheinmetall AG, Mitsubishi Heavy Industries, Lacriox, System Engineering & Assessment, JSK Naval Support, and others

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