MarkNtel Advisors analyses the growth rate of the Missile Decoy Systems market in the forecast period from 2023 to 2028. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Missile Decoy Systems market, helping them make informed decisions.
Market Outlook – 2023-2028:
The Global Missile Decoy Systems Market is projected to grow at a CAGR of around 20.59% during the forecast period, i.e., 2023-28. The proliferation of advanced missile technology incorporating various sensor technologies like infrared, radar, and electronic signatures, is posing a challenge to missile defense systems in safeguarding military assets. To address this challenge, major global economies are deploying counter-evasive decoy missiles equipped with similar heat, radar, to divert incoming enemy projectiles and ensure the protection of high-value assets.
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Key Company Profiles
This report explores recent significant developments in the Missile Decoy Systems Market, focusing on the leading companies and their innovative profiles. The major players in the Missile Decoy Systems Market, featured in this report, include:
- Raytheon Technologies Corporation
- BAE Systems
- Leonardo S.p.A.
- Bharat Electronics Limited
- Terma
- Elbit Systems Ltd.
- Safran
- Rheinmetall AG
- Mitsubishi Heavy Industries
- Lacriox
- Systems Engineering & Assessment
- JSK Naval Support
- Others
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Market Segmentation & Coverage
This research report by MarkNtel Advisors categorizes the Missile Decoy Systems Market to forecast revenues and analyse trends across each of the following sub-markets:
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
Among all, Radar Decoy Systems are expected to exhibit a sizeable share in the Global Missile Decoy Systems Market.
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
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What are the primary factors driving the growth of the Global Missile Decoy Systems Market?
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.
Key Questions Addressed:
- Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
- Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
- Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
- Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
- Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors’ market entry or exit decisions?
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