Airborne Fire Control Radar Market Is Expected To Grow At a CAGR OF 5.1% FROM 2017-2023.

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According to Stratistics MRC, the Global Airborne Fire Control Radar market is accounted for $2,563.4 million in 2016 and is expected to reach $3,631.2 million by 2023 growing at a CAGR of 5.1% from 2016 to 2023. Rising concerns over border security, growing adoption of Active Electronically Scanned Array (AESA) systems, increasing investments in defense equipment in various emerging countries, territorial conflicts and geopolitical instabilities in the Middle East, Africa and the Asia-Pacific region and automation of security and surveillance radar systems are the factors driving the market growth. However, growing cyber warfare and incapability of radars in detecting the stealth technology are the factors limiting the airborne fire control radar market.

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Airborne fire control radar is particularly designed radar to give information to the fire control systems for computation of the firing solution. Airborne fire control radar is a high security and surveillance radar technology, which allows the defense forces to enhance their airborne military aviation infrastructure.

Driver: High security concerns are driving the market growth.

Territorial conflict faced by Asia-Pacific and Middle East & Africa are because of political and financial interests, normative reasons, and battles over scarce natural resources. This leads to countries securing their borders with highly developed innovations through air, water, and land, which is expected to increase demand for such systems worldwide driving the market growth.

Opportunity: Adoption of AESA-based systems.

Increasing adoption of an active electronically scanned array (AESA) based systems is providing ample opportunities to the market growth. Radar has been widely utilized by the defense industry after the Second World War and at present is among the vital part in military communications. The radar advancement has experienced immense progressions in the ongoing years, bringing about expanded adaptability of the tools. This has also resulted in the improvement of AESA in the airborne fire control radar systems. These kinds of phased array radar systems show high precision, easing the tracking of the objective by airborne fire control radar.

By frequency band, the Ku/K/Ka Band segment is anticipated to hold considerable market share during the forecast period as it provides wide beam coverage compare to other bands, high power for transmission and higher throughput.

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By geography, Asia Pacific region is anticipated to hold considerable market share during the forecast period owing to increasing air defense in the region, the accuracy of the firing from the aircrafts or helicopters need to be precise.

Some of the key players identified in the global airborne fire control radar market include BAE Systems PLC, Thales Group, Airbus Group, General Dynamics Corporation, Harris, Israel Aerospace Industries Ltd., Leonardo-Finmeccanica, Lockheed Martin Corporation, Northrop Grumman, Raytheon Company and Saab AB.

BAE Systems PLC: In June 2017, BAE Systems collaborated with Leonardo to pursue new precision-guided solutions that will offer U.S. and allied military forces a range of low-risk, cost effective, advanced munitions for advanced, large caliber weapon systems.

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Thales Group: In Mar 2016, Thales Group joint ventured with BEL-Thales Systems Limited (BTSL) to develop PHAROS, a fire control radar for both gun and missile systems. PHAROS provides defense against small, fast moving and highly maneuverable air and surface targets that may also be encountered in littoral missions.

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