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Airborne Fire Control Radar Market Share

Report ID: GMI9508
Published Date: May 2024
Report Format: PDF

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Airborne Fire Control Radar Market Share

Northrop Grumman Corporation and Lockheed Martin Corporation hold a significant share of over 15% in the market. Northrop Grumman Corporation holds a major market share in the airborne fire control radar industry due to its extensive expertise in advanced radar technology, strong R&D capabilities, and long-standing relationships with global defense forces. Their cutting-edge systems, such as the AESA (Active Electronically Scanned Array) radars, offer superior detection, tracking, and targeting capabilities, ensuring they meet the stringent requirements of modern aerial warfare.

Lockheed Martin Corporation holds a significant market share in the market due to its pivotal role in developing and integrating state-of-the-art radar systems for military aircraft. Their advanced technologies, including the AESA radar systems used in platforms like the F-35, are renowned for their reliability, precision, and advanced capabilities in target acquisition and engagement, underscoring their market leadership.

Airborne Fire Control Radar Market Companies

Major players operating in the industry are:

Northrop Grumman Corporation
Lockheed Martin Corporation
Raytheon Technologies Corporation
Leonardo S.p.A
Saab AB
Thales Group
Israel Aerospace Industries Ltd.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size for airborne fire control radar was valued at over USD 3.1 billion in 2023 and will grow at over 6% between 2024 and 2032, driven by the growing focus on military modernization.

The fighter jets platform segment over 30% of the airborne fire control radar market share in 2023 and will expand rapidly through 2032, as many countries are substantially increasing their defense budgets, with focus on enhancing air defense capabilities.

Asia Pacific market exhibited a robust growth rate in 2023 and will grow at over 7.5% during 2024- 2032, driven by significant growth in aerospace capabilities including the expansion of air transport fleets and the enhancement of military aviation.

Northrop Grumman Corporation, Lockheed Martin Corporation, Raytheon Technologies Corporation, Leonardo S.p.A, Saab AB, Thales Group, Israel Aerospace Industries Ltd. among others.