Missile Decoy Systems Market Size & Insights

The market size of 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 Missile Decoy Systems Market is significantly growing due to several growth factors, including the rapidly growing gaming industry, the rising demand for electronic devices, including TVs, smartphones, monitors, wearables, etc., the infrastructural development & expansion of production facilities, and the integration of artificial intelligence in Missile Decoy Systems. 

What are the Key DROs in the 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.

What are the Key Segments in the Missile Decoy Systems Market?

The Missile Decoy Systems is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

-By Type

• Passive Decoy Systems - Market Size & Forecast 2018-2028, USD Million

• Active Decoy Systems - Market Size & Forecast 2018-2028, USD Million

-By Function

• Infrared Decoy Systems

• Radar Decoy Systems

• Laser Decoy Systems

• Electronic Warfare Decoy Systems

• Other Decoy Systems (Acoustic, Visual, etc.)

Among all, Radar Decoy Systems are expected to exhibit a sizeable share in the Global Missile Decoy Systems Market.

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-By Platform

• Airborne Decoy Systems

• Naval Decoy Systems

• Ground-based Decoy Systems

Airborne platforms are gaining notable momentum in the Global Missile Decoy Systems Market.

How does geographical analysis highlight in the Europe Tire market?

-By Region

• North America

• South America

• Europe

• The Middle East & Africa

• Asia-Pacific

North America is anticipated to hold a major market share in the Global Missile Decoy Systems Market, with the surging deployment of military hardware and burgeoning investment to integrate missile decoys to safeguard their military assets.

Who are the Key Players in Missile Decoy Systems Market?

• 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

Global Missile Decoy Systems Industry Recent Development:

• In 2023, Rafael announced the development of its new C-GEM and Wizard decoys adequate for the saturation anti-ship missiles.

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