Decoy Flare Market Scope And Analysis

Report Code : TIPRE00012715
Category : Aerospace and Defense

No. of Pages : 150

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Decoy Flares Market Analysis and Growth - 2031

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Decoy Flares Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 1.83 Billion
Market Size by 2031	US$ 4.86 Billion
Global CAGR (2023 - 2031)	13.0%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Products Pyrotechnic Flares Pyrophoric Flares Highly Flammable Payloads By Caliber 26mm 50mm 1"x1"x8" NATO Square Format 2"x1"x8" NATO Square Format By Application Fixed Wing Rotary Wing
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Armtec Defense Technologies Chemring Group PLC TARA Aerospace AD TransDigm Group Incorporated Elbit Systems Ltd LACROIX Mechanical and Chemical Industry Corporation Mil Spec Industries Corporation Owen International Premier Explosives Limited

Decoy Flares Market News and Recent Developments

The Decoy Flares Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for decoy flares market and strategies:

In January 2024, Rheinmetall secured a contract (2024-2029) worth US$ 54.4 million to supply aircraft decoy flares for the German armed forces under which Rheinmetall will be supplying 470,000 decoy flares to the Berlin forces. (Source: Rheinmetall, Press Release/Company Website/Newsletter)
In October 2021, Chemring Australia received an US$ 18.69 million contract modification (including US$ 2.67 million in FMS funds) from Naval Air Systems Command to produce and deliver 9,728 MJU-68/B IR flare countermeasures: 7,256 for the US Navy and 1,152 for the US Air Force; 528 for Norway; 336 for Japan; 312 for the Netherlands; and 144 for Italy. (Source: Chemring Group, Press Release/Company Website/Newsletter)

Decoy Flares Market Report Coverage and Deliverables

The “Decoy Flares Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Market dynamics such as drivers, restraints, and key opportunities
Key future trends
Detailed Porter’s Five Forces analysis
Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
Detailed company profiles with SWOT analysis