Decoy Flares Market Outlook 2030 -
Decoy flare is an aerial infrared countermeasure used by a plane or helicopter to counter an infrared homing ("heat-seeking") surface-to-air or air-to-air missile. Flares are commonly composed of a pyrotechnic composition based on magnesium or another hot-burning metal, with a burning temperature equal to or higher than engine exhaust. The aim is for the infrared-guided missile to look for the heat signature from the flare rather than the engine of the aircraft engines. In response to the recent international conflicts, many nations have taken measures to improve and capitalize on their defense status. Threats have from the conventional land-based force to hybrid warfare. Several governments have already begun to increase their defense budgets to address security threats and combat terrorism, The number of aircraft deliveries, especially military aircraft is increasing significantly globally. Military aircraft use decoy flares as a defensive mechanism to avoid detection and attack by air defense systems. Therefore, the increasing focus on the production of newer aircraft will have positive impact on the growth of the global decoy flares market during the forecast period.
COVID-19 Impact Analysis
The COVID-19 pandemic has had a significant impact globally, and it is still wreaking havoc on several countries. Despite huge backlogs from aircraft manufacturers, the aerospace industry was experiencing substantial growth in terms of production and services, prior to outbreak. The emergence of the pandemic resulted in a decrease in the production of decoy flares, as well as decrease inf the production of various defense equipment, weaponry, and countermeasure products. The decline in production volumes is primarily attributed to human movement restrictions, which compelled manufacturers of decoy flares and other defense product to operate with a limited workforce. This has further slightly slowed the growth rate of the decoy flares market during Q1 and Q2 of 2020. However, most of the defense contracts are for a longer period, of time, which has allowed the contractors to maintain operational efficiency.
Top Impacting Factors
- The increasing geopolitical tensions and trade wars among major countries, continuously growing military budgets, and surge in the incidences of terror attacks globally are driving factors for the growth of the market.
- A limited number of decoy flares can be carried because space is expected to hamper the market.
- The growing development of missile jamming decoys can be seen as an opportunity for the market investments.
The Decoy Flares Market Trends Are as Follows:
Increase In Procurements of Air Defense Systems
Due to the rise in regional conflicts and the need for security, several countries are procuring advanced air defense systems for their defense forces. For instance, in July 2019, Turkey began receiving components of the air defense system, named S-400 from Russia. Moreover, India is expected to start receiving S-400 systems by the end of 2021, as a part of a 5.43 billion USD deal with Russia for the 5 S-400 regiments. Hence, such an increase in defense systems procurement by several countries will drive the growth of the global decoy flares market.
Key Benefits of the Report:
- This study presents the analytical depiction of the global decoy flares market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with challenges of the global decoy flares market.
- The current market is quantitatively analyzed to highlight the growth scenario of the global decoy flares market.
- The report provides a detailed analysis of global decoy flares market analysis based on competitive intensity and the competition that will take shape in coming years.
Questions Answered in The Global Decoy Flares Market Research Report:
- Who are the leading market players active in the global decoy flares market?
- What would be the detailed impact of COVID-19 on the market?
- What are the current trends that would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the global decoy flares market?
- What are the projections for the future that would help in taking further strategic steps?
Decoy Flares Market Report Highlights
| Aspects | Details |
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 By Application |
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 Key Market Players | Mil-Spec Industries Corporation, Elbit Systems Ltd., Armtec Defense Technologies, Premier Explosives Limited, Ordtech, Owen International, TARA Aerospace AD, Rosoboronexport, Rheinmetall AG, LACROIX |
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