The global airborne fire control radar market size was valued at USD 3.07 billion in 2023. The market is expected to expand from USD 3.25 billion in 2024 to USD 5.15 billion by 2032, exhibiting a CAGR of 5.9% over the study period.

Specialized radar technologies or airborne Fire Control Radar (FCR) systems are developed to provide accurate targeting data for weapon systems, which simplifies the engagement of aerial and maritime targets effectively. The surging uptake of AESA technology, modernization of air forces across different countries, and rising military spending is fostering market growth.

The defense industry was highly impacted by the COVID-19 pandemic. Many contracts were canceled due to the halts in the supply chains of key companies in the defense industry. Moreover, a loss worth nearly USD 2200 million was faced by Airbus S.A.S. In addition, huge losses were reported by Boeing and Airbus S.A.S., which are the major OEMs of aircraft companies owing to cancelled aircraft orders.

Fortune Business Insights™ provides this information in its research report, titled “Airborne Fire Control Radar Market, 2024-2032”.

Information Source:

**https://www.fortunebusinessinsights.com/airborne-fire-control-radar-market-104048**

List of Key Players Mentioned in the Report:

• Airbus S.A.S. (Netherlands)
• Bharat Electronics Limited (BEL) (India)
• General Dynamics Corporation (U.S.)
• Israel Aerospace Industries Ltd (Israel)
• Leonardo S.p.A. (Italy)
• Lockheed Martin Corporation (U.S.)
• Northrop Grumman Corporation (U.S.)
• Raytheon Technologies Corporation (U.S.)
• Saab AB (Sweden)

Segmentation:

Rising Usage of AFCR in Fighter Jets to Spur Fixed-wing Aircraft Segment Expansion