Market Insights and Analysis: Missile Decoy Systems Market Overview and Projections (2023-2028)
The market size of Global Missile Decoy Systems is projected to grow at a CAGR of around 20.59% during the forecast period, i.e., 2023-28.
Top leading companies in the Missile Decoy Systems Market includes:
Raytheon Technologies Corporation, BAE Systems, Leonardo S.p.A., Bharat Electronics Ltd., Terma, Elbit Systems Ltd., Safran, Rheinmetall AG, Mitsubishi Heavy Industries, Lacriox, System Engineering & Assessment, JSK Naval Support, and others
Recent Development:
- In 2023, Rafael announced the development of its new C-GEM and Wizard decoys adequate for the saturation anti-ship missiles.
- In 2023, the Philippines Navy test-fired its new ‘Bullfighter’ a 130mm missile decoy. The system is targeted at protecting naval vessels up to the size of frigates.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Function
-Infrared Decoy Systems
-Radar Decoy Systems
-Laser Decoy Systems
-Electronic Warfare (EW) Decoy Systems
-Other Decoy Systems (Acoustic, Visual, etc.)
- Radar Decoy Systems are expected to exhibit a sizeable share in the Global Missile Decoy Systems Market.
By Platform
-Airborne Decoy Systems
-Naval Decoy Systems
-Ground-based Decoy Systems
By Type
-Passive Decoy Systems
-Active Decoy Systems
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Missile Decoy Systems Market Geographic Reach:
The Geographic Reach of the Missile Decoy Systems Market evaluates the spread and significance of Missile Decoy Systems Market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: US, Canada, Mexico
- Europe: Germany, The UK, France, Spain, Italy, Russia, Rest of Europe
- Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
- South America: Brazil, Rest of South America
- Middle East & Africa: The UAE, Saudi Arabia, Israel, Turkey, South Africa, Rest of the Middle East & Africa
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