SecurityWorldMarket

27/09/2021

Airborne countermeasure market to rise to $14.9b

Northbrook, Il (USA)

Significant technological advancements and integration of electronics in military equipment are resulting in a shift towards multi-layered defence systems, which is expected to drive the Airborne Countermeasure Systems market to $14.9 billion during the period, 2021 - 2026.  In its latest study, MarketsandMarkets, predicts that the market will grow to achieve this figure from an estimated USD 11.6 billion in 2021 at a CAGR of 5.2%.

In addition to these factors, the increase in the use of UAV systems and the need for ground surveillance and communication jamming serve as opportunities for the Airborne Countermeasure Systems market.

The new emerging security scenarios across the globe are trans-national in nature and warrant a unified approach among nations. Industries having a global presence and undergoing partnerships with local and international defence industry participants and governments are expected to benefit in this highly competitive business environment.

The research suggests that companies wanting to grow in this market must to able to track the various trends with respect to the threats and technologies needed to tackle these, and also provide complete solutions, which include the services and equipment for Airborne Countermeasure Systems systems.

Jamming, Missile defence and counter countermeasure systems are the main applications in this sector, and benefits such as advanced electronic protection, and electronic support applications, will promote growth at a faster CAGR for this equipment to counter the threat of potentially hostile unmanned aircraft systems.

The growth in the Airborne Countermeasure Systems market is expected to drive the growth of the three platforms proportionately. The requirement of military aircraft in battlefield for surveillance and threat detection capabilities, is expected to drive the market during the forecast period.

Aircraft shielding

Based on product, the Self-Protection EW Suite segment is projected to grow at the highest CAGR during the forecast period. The requirement of electronic suites helps in protecting the aircraft by shielding and reducing human loss and increasing capabilities, and investments in R&D towards these systems are helping the growth of market for Airborne Countermeasure Systems.

Increased geo-political tensions

In North America, the growth of this market is primarily driven by increasing focus on investment growth in Airborne Countermeasure Systems technologies by countries in this region. In addition, factors including increasing geopolitical tensions and increased defence-related expenditure are expected to drive the demand for Airborne Countermeasure Systems market in the region.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Lockheed Martin Corporation, Northrop Grumman Corporation, Israel Aerospace Industries Ltd, Raytheon Technologies Corporation, Thales Group, L3 Harris Technologies, Inc, BAE Systems, and Saab Ab.


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