PUBLISHER: TechSci Research | PRODUCT CODE: 1886471
PUBLISHER: TechSci Research | PRODUCT CODE: 1886471
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The Global Airborne Fire Control Radar Market, valued at USD 2.75 Billion in 2024, is projected to experience a CAGR of 5.41% to reach USD 3.77 Billion by 2030. An airborne fire control radar (AFCR) is a specialized radar system integrated into aircraft, designed to detect, track, and provide precise targeting information for onboard weapon systems against both aerial and ground threats. The market's expansion is primarily driven by increasing global military and defense expenditures, ongoing modernization initiatives for military aircraft fleets, and escalating geopolitical tensions necessitating enhanced aerial surveillance and precision strike capabilities.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 2.75 Billion |
| Market Size 2030 | USD 3.77 Billion |
| CAGR 2025-2030 | 5.41% |
| Fastest Growing Segment | UAVs |
| Largest Market | North America |
Key Market Drivers
Increased global defense budgets and military modernization initiatives are a primary driving force for the Airborne Fire Control Radar market. Nations are allocating substantial resources to upgrade defense capabilities, acquiring advanced combat aircraft and integrated systems. According to the Stockholm International Peace Research Institute (SIPRI), in April 2024, total global military expenditure reached $2443 billion in 2023, an increase of 6.8 percent in real terms from 2022, underscoring a robust environment for defense procurement.
Key Market Challenges
Substantial research, development, and integration costs present a significant impediment to the expansion of the Global Airborne Fire Control Radar Market. The extensive financial investment required for the conceptualization, design, rigorous testing, and seamless integration of these advanced radar systems into aircraft platforms establishes considerable financial barriers. These high costs directly limit the number of nations or defense organizations capable of funding either the development or procurement of such technology, thereby restricting the overall customer base and market penetration.
Key Market Trends
The integration of Artificial Intelligence and Machine Learning (AI/ML) is a significant trend, enhancing airborne fire control radar systems through improved analytical capabilities and operational autonomy. These algorithms efficiently process vast data, leading to superior target detection, classification, and tracking, even in complex environments. The U. S. Department of Defense's fiscal year 2024 request for approximately US$1.8 billion for AI applications, a 63.6% increase from FY23, underscores this growing importance.
In this report, the Global Airborne Fire Control Radar Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the Global Airborne Fire Control Radar Market.
Global Airborne Fire Control Radar Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: