Airborne Decoy Market Size, Share and COVID-19 Impact Analysis, By Type (Pyrotechnic Flares, Pyrophoric Flares, and Others), By Application (Fixed Wing and Rotary Wing), and Regional Forecast, 2024-2032

Modern warfare is changing rapidly and defense forces around the world are looking for modern technologies and systems to fend off enemy threats. Decoys play a crucial role in confusing the enemy, helping to save personnel, weapons, ground vehicles and aircraft from destruction. This is catalyzing the growth of the Airborne Decoy market. The numerous R&D activities in the field of Airborne Decoy are also boosting the Airborne Decoy market.

The airborne decoy market is expected to rise sharply over the course of the year due to the fact that the defense forces of both developed and developing countries are investing large sums in the development and introduction of them. In addition, the advent of fabric-based airborne decoy attracts defense forces, which also catalyze the procurement of these lures, thus strengthening the market for inflatable lures. The future of the airborne decoy market is important due to the evolution of the industry from smaller players with attractive product lines at competitive prices. This factor should help militaries in developing countries to adopt the models and thus fuel the airborne decoy market.

Impact of COVID-19 on the Airborne Decoy Market

The COVID-19 outbreak in December 2019 and early 2020 significantly affected the world and continues to shake several countries. Until the outbreak of COVID-19, the aerospace industry was experiencing substantial growth in terms of production and services, despite huge delays from aircraft manufacturers; however, aircraft manufacturing volumes per model contacted to some extent. The production of various defense equipment, weapons and countermeasure products also fell.

The drop in production volumes is mainly attributed to restrictions on human movement, which has led makers of aircraft and other defense products to operate with a limited workforce. This had a low negative impact on the growth rate of the Airborne Decoy market during the first and second quarters of 2020. However, most defense contracts have longer durations, which has helped contractors maintain operational efficiency. As defense aircraft manufacturers continued production in an effort to get products to customers on time, demand for airborne decoy continued to sink more slowly. However, due to supply chain disturbance, the decoy market has seen a decline in revenue generation.

Key Insights

The report will cover the following key insights:

• The report provides a detailed overview of the industry, including qualitative and quantitative information.


• The report also provides a comprehensive PEST analysis for all five regions, North America, Europe, APAC and Rest of the world, after evaluating the political, economic, social and technological factors influencing the market impact airborne decoy system in these regions.

Regional Analysis

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Based on geography, the Airborne Decoy market is segmented into, North America (United States, Canada), Asia Pacific (China, Japan, India, South Korea, and Rest of Asia Pacific), Europe (Germany, France, Russia, United Kingdom, and Rest of Europe) and Rest of the World (Latin America and Middle East & Africa). Furthermore, the growing demand from SMEs and various verticals provides sufficient support for market growth. The armed forces of developed countries and developing economies invest huge sums in developing and adopting the Airborne Decoy. Application for the advent of fabric-based Airborne Decoy in the military. Upward trend in the evolution of smaller players with attractive product lines

Key Players Covered

The report include’s the profiles of key players such as  Chemring Group PLC, Armtec Defense Technologies, Mil-Spec Industries Corporation, LACROIX, Mechanical and Chemical Industry Corporation, Owen International, Premier Explosives Limited, Rheinmetall AG, Rosoboronexport, Elbit Systems Ltd And others.

Segmentation

Key Industry Developments

• In July 2019, Chemring Group PLC has been awarded a contract by the US Navy and US Air Force to supply USD 8.1 million worth of MJU-66 flares under their current contract to three years of Indefinite Supply/Indefinite Quantity (IDIQ).


• In June 2019, BAE Systems has been awarded a USD 36.7 million contract by the US Navy to develop and demonstrate a next-generation fiber optic dual-band towed decoy (FOTD) to protect aircraft and pilots against advanced threats.