Decoys And Dispensers Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.84 Billion |
| Market Size (2029) | USD 3.24 Billion |
| CAGR (2024 - 2029) | 11.90 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Decoys And Dispensers Market Analysis
The Decoys And Dispensers Market size is estimated at USD 1.84 billion in 2024, and is expected to reach USD 3.24 billion by 2029, growing at a CAGR of 11.90% during the forecast period (2024-2029).
The increasing sophistication of threats, which necessitates advanced countermeasures, and nations' ongoing modernization of military equipment are driving the market's growth. The market is also driven by technological advancements that improve the effectiveness and reliability of these systems. Additionally, integrating decoys and dispensers into unmanned systems and developing new platforms capable of deploying them contribute to market growth. Strategic partnerships and mergers & acquisitions are also providing growth opportunities, allowing companies to expand their capabilities.
However, the market faces several challenges, such as the rapid advancement of threat detection technologies, which can compromise the effectiveness of decoys. Adversaries continuously improve their capabilities to detect and counteract decoys, necessitating constant innovation in decoy technology, and the integration of these systems into existing military platforms may require substantial modification or upgrades.
The physical limitations of decoys, such as size and weight, can restrict their deployment on smaller or unmanned platforms. Electromagnetic spectrum management is also a critical issue, as the effective use of decoys often depends on precise emissions control to avoid detection by enemy sensors.
Decoys And Dispensers Market Trends
Fixed Wing Aircraft is Expected to Dominate the Market During the Forecast Period
Fighter jets, bombers, transport planes, and UAVs are integral to national security and equipped with sophisticated avionics and weapon systems to maintain a strategic edge. However, this advanced technology also makes them susceptible to modern threats like heat-seeking missiles, driving the need for innovative countermeasures to protect these assets.
Rising warfare situations, political disputes among neighboring countries, and a growing number of cross-border conflicts lead to growing spending on the defense sector. For instance, in January 2024, the US Department of Defense (DoD) awarded a USD 31 million contract modification to Chemring Australia, a global supplier of aerial countermeasures to support various F-35 Joint Strike Fighter nations with 19,570 MJU-68/B flare infrared (IR) decoys. Thus, increasing procurement of fighter jets and rising expenditure on military aircraft modernization programs are expected to drive the market's growth during the forecast period.
Asia-Pacific is Expected to Witness Significant Growth During the Forecast Period
Asia-Pacific is expected to witness significant growth during the forecast period. By the end of 2023, there were 15,653 active aircraft in the Asia-Pacific region, of which fixed-wing aircraft accounted for 60% while rotorcraft accounted for the remaining fleet. China, India, Japan, and South Korea together accounted for 55% of the total active fleet in the region.
The modernization of military forces is a significant aspect of national security for many countries in this region. For instance, in November 2023, the Indian MoD contracted Hindustan Aeronautics Limited to deliver 97 Tejas Light Combat Aircraft (Mark 1A) for the Indian Air Force (IAF). The Tejas Mk-1A Light Combat Aircraft is an indigenously designed and manufactured fourth-generation fighter equipped with AESA Radar, EW suite consisting of radar warning and self-protection jamming, Digital Map Generator (DMG), Smart Multi-function Displays (SMFD), Combined Interrogator and Transponder (CIT), advanced radio altimeter, and other advances features.
In October 2023, Japan signed a defense agreement with Britain and Italy to jointly develop a sixth-generation fighter jet. Developments such as these are expected to drive the market's growth during the forecast period.
Decoys And Dispensers Industry Overview
The decoy and dispensers market is fragmented and marked by the presence of several local and international players. The key market players include BAE Systems PLC, Chemring Group PLC, Elbit Systems Ltd, Rheinmetall AG, and Armtec Defense Technologies.
Most market players are focusing on collaborations, product development partnerships, and mergers to expand their product portfolio and market presence. For instance, in June 2023, Elbit Systems Ltd unveiled Nano SPEAR, an expendable active RF decoy to protect aircrews and platforms from anti-aircraft threats. The Nano SPEAR is an advanced, expendable RF decoy that uses the existing dispensing system of the aircraft and, once launched, acts independently to lure away hostile radar-guided missiles.
Decoys And Dispensers Market Leaders
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Elbit Systems Ltd.
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Chemring Group PLC
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Rheinmetall AG
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Armtec Defense Technologies
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BAE Systems plc
*Disclaimer: Major Players sorted in no particular order
Decoys And Dispensers Market News
January 2024: Rheinmetall AG was awarded a USD 54 million order for infrared decoys by Bundeswehr. The German military can procure over 470,000 decoys from Rheinmetall鈥檚 tried-and-tested Birdie product line.
November 2023: Airbus Defense and Space awarded Elbit Systems Ltd a contract to supply the Direct Infrared countermeasures (DIRCM) and Infrared (IR) Missile Warning Systems for installation on the MRTT A330 refueling aircraft for Canada.
Decoys And Dispensers Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Pyrotechnic
5.1.2 Pyrophoric
5.1.3 Others
5.2 Application
5.2.1 Fixed-wing Aircraft
5.2.2 Rotary-wing Aircraft
5.2.3 Unmanned Aircraft Vehicles
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 France
5.3.2.3 Germany
5.3.2.4 Russia
5.3.2.5 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 India
5.3.3.3 Japan
5.3.3.4 South Korea
5.3.3.5 Rest of Asia-Pacific
5.3.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 BAE Systems PLC
6.2.2 Chemring Group PLC
6.2.3 Elbit Systems Ltd
6.2.4 Rheinmetall AG
6.2.5 Armtech Defense Technologies
6.2.6 Leonardo SpA
6.2.7 Lacroic Defense
6.2.8 TARA Aerospace RD
6.2.9 ROSOBORONEXPORT
6.2.10 Mil-Spec Industries Corporation
Decoys And Dispensers Industry Segmentation
Decoys and dispensers are critical in the defense systems of military aircraft, protecting them against enemy threats. These systems deploy countermeasures like chaff and flares to divert missiles away from their targets. Advances in electronic warfare have led to the development of sophisticated dispensers that can release a variety of decoys, enhancing aircraft survivability.
The decoys and dispensers market is segmented based on type, application, and geography. By type, the market is segmented into pyrotechnic, pyrophoric, and others. By application, the market is segmented into fixed-wing aircraft, rotary-wing aircraft, and unmanned aerial vehicles (UAVs). The report also covers the market sizes and forecasts for across major regions. The market sizing and forecasts were made for each segment based on value (USD).
| Type | |
| Pyrotechnic | |
| Pyrophoric | |
| Others |
| Application | |
| Fixed-wing Aircraft | |
| Rotary-wing Aircraft | |
| Unmanned Aircraft Vehicles |
| Geography | |||||||
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| Rest of the World |
Decoys And Dispensers Market Research FAQs
How big is the Decoys And Dispensers Market?
The Decoys And Dispensers Market size is expected to reach USD 1.84 billion in 2024 and grow at a CAGR of 11.90% to reach USD 3.24 billion by 2029.
What is the current Decoys And Dispensers Market size?
In 2024, the Decoys And Dispensers Market size is expected to reach USD 1.84 billion.
Who are the key players in Decoys And Dispensers Market?
Elbit Systems Ltd., Chemring Group PLC, Rheinmetall AG, Armtec Defense Technologies and BAE Systems plc are the major companies operating in the Decoys And Dispensers Market.
Which is the fastest growing region in Decoys And Dispensers Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Decoys And Dispensers Market?
In 2024, the North America accounts for the largest market share in Decoys And Dispensers Market.
What years does this Decoys And Dispensers Market cover, and what was the market size in 2023?
In 2023, the Decoys And Dispensers Market size was estimated at USD 1.62 billion. The report covers the Decoys And Dispensers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Decoys And Dispensers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Decoys And Dispensers Industry Report
Statistics for the 2024 Decoys And Dispensers market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Decoys And Dispensers analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
