Market Overview:

Global Decoy Flares Market size reached USD 1.7 billion in 2023. Looking forward, as expects the market to reach USD 3.94 billion by 2032, exhibiting a growth rate (CAGR) of 9.79% during 2024-2032.

The market is driven by heightened military and defense activities, advancements in infrared guided missile technology and increasing demand for enhanced protection systems for military aircraft, vessels, and land vehicles.

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. A lot of countries have improved and strengthened their defence posture in reaction to recent international conflicts. Threats have from the conventional land-based force to hybrid warfare. Several governments have already begun to increase their defence 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 defence systems. Hence, increasing focus on new aircraft production will positively impact the growth of the global decoy flares market over the forecast period.

Market Dynamics:

Market Drivers-

Increasing Global Military Expenditure

• The global military expenditure generally has shown a rising trend due such factors as intensifying geopolitical rivalry, territorial disputes, and security challenges. Countries at different levels of development are handling the situation differently. Some are investing heavily in enhancing their defence capacity in an attempt to deter potential threats and provide for national security. Hence, this created a wide requirement of such advanced decoys systems, which consist of decoys flares, as these are major components of an aircraft defensive arms. In addition, the acquisition of new planes with the modern safety facilities within them increases demand. Further, maintenance for earlier fleets occur regularly along with the changing technological process and threats, one of the factors which lead to continuous need for expenditure on decoy flares. Consequently, the global military spending growth contributes to the rise of munitions market for decoys.

Rapid Technological Advancements

• The market is undergoing the significant shifts caused by the fast-pace technological breakthroughs, including the new infrared decoys and advanced flares, which lead to the improvement of the decoys. The advantage of these skills in the market is also increased by the introduction of bright flares, which imitate an aircraft taking off and so confuse modern missile systems. Additionally, materials used for lambent construction for higher and more enduring fire generation and mechanized process for deployment, are the major subjects which are being done with large investments. With technology development being on the rise, this market is well expected that it will see continual growth fuelled by demand for the sophisticated, reliable and smart anti-missile weapons.

Market Trends-

Increase in Procurements of Air Defence Systems is Driving the Market Growth

• Due to the increase in regional conflicts and the need for security, several countries are investing in state-of-the-art air defence systems for their armed forces. For instance, Turkey started receiving S-400 air defence system components from Russia in July 2019. Additionally, as part of a 5.43 billion USD agreement with Russia for the 5 S-400 regiments, India is anticipated to begin receiving S-400 systems by the end of 2021. Therefore, a rise in the purchase of defence systems by various nations will fuel the expansion of the Decoy Flares Market.
• The replacement of F-16 fighter jets and L-39 trainers, as well as the purchase of various transport, helicopters, spy satellites, and unmanned aircraft, are among the major factors driving the adoption of the decoy flares market globally. In a recent white paper published by the Royal Thai Air Force, the organization mentioned various plans. In the upcoming years, it is projected that these initiatives and agreements by major market participants will accelerate market expansion.
• After the Ministry of Defence placed an order with Leonardo, the British Royal Air Force (RAF) may soon be flying Tornado fighter jets with missile-jamming decoys on board. The first company to collaborate with the Rapid Capability Office (RCO) on a cooperative project, Leonardo will create new countermeasures for fighter jets called expendable active decoys (EAD). The new EADs will be created for RAF fighter jets using Leonardo's BriteCloud EAD technology. A self-contained digital radio frequency memory (DRFM) jammer called BriteCloud is intended to defend fighter jets against sophisticated threats including RF guided missiles and fire-control radars. BriteCloud detects RF emissions following manual or automatic ejection from typical chaff and flare dispenser and compares them to its pre-programmed threat library. The decoy uses state-of-the-art algorithms to identify targets and then sends out a decoy signal to fool the danger radar and the approaching missile. Thus, driving the Decoy Flares market revenue.

Market Restraining Factors-

Limited Defense Budgets

• Lowering defenses budgets means that governments or defense organizations are restricted in the amount of the budgeted funds that can be used for military expenditures. In this regard, the limitations mentioned above can have a huge effect on the level of investment and procurement of defensive systems. Once defense budgets are limited, governments can go for more essential capabilities like the personnel, equipment maintenance and critical infrastructures. This can clearly reduce the amount of funding that is available for systems that require very specialized attention like the decoy flares. Therefore, defense contractors and manufacturers might be unable to attract a significant share of the market, affecting their sales rate and ultimately economies that enjoy the benefits of scale. Somewhat related to the limited defense budgets, the research and development efforts that help to enhance the decoy flare technology is delayed as the innovation within the industry progresses slowly. As a result, decreased defense budgets constitute a serious problem for most of the producers of decoy flares operating on the market. The task is to develop flexible strategies that would take into account changing conditions and higher competition for the diminishing source of funds.

Report Coverage:

The report will cover the qualitative and quantitative data on the global Decoy Flares Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

By Type (Pyrotechnic Flares, Pyrophoric Flares, Others), By Application (Fixed Wing, Rotary Wing)

Report Scope and Segmentations:

Key Companies in the Decoy Flares market include:

• Owen International
• Premier Explosives Limited
• Rheinmetall AG
• Rosoboronexport
• Elbit Systems Ltd.
• TARA Aerospace AD
• Armtec Defense Technologies
• Mil-Spec Industries Corporation
• LACROIX
• Ordtech

Key Industry Developments:

In April 2024, Explosives and Accessories manufacturer Premier Explosives on announced that it has received an order worth Rs 552.3 crore from the Ministry of Defence, it said in a regulatory filing. The company said that it bagged the order for supply of chaffs and flares to the defence ministry. The order is to be executed within twelve months from the date of the contract.

In February 2024, continuing to expand its presence in Romania as a leading manufacturer of military vehicles, Rheinmetall is taking up a majority share in Romanian vehicle maker Automecanica Mediaș. The acquisition deepens the Düsseldorf-based technology enterprise’s footprint in Central Europe, opening the door to new customer countries in the region with substantial sales potential. Rheinmetall already has locations in two other countries on NATO’s eastern flank, Hungary and Lithuania. In December 2023, moreover, Romania awarded Rheinmetall a major air defence order worth €328 million.

In January 2024, The Bundeswehr has awarded Rheinmetall a substantial order for decoy flares for protecting aircraft. The German military can now procure over 470,000 decoys from Rheinmetall’s tried-and-tested Birdie product line. Covering the period December 2023 to December 2029, the contract is worth nearly €50 million.

Market Segment Insights:

The market scope is segmented because of by Resin Type, by Technology, by Application.

By Type

• Pyrotechnic Flares
• Pyrophoric Flares
• Others

The decoy flares market segmentation, as per flare types, includes pyrotechnic flares, pyrophoric flares, and others. In the 2023 segment, revenues for pyrotechnic flares dominated. One of the major causes of the business segment growth is the searching for pyrotechnic flares in military planes. Furthermore, the pyrotechnic flares which are used to direct attention give off very bright white light and smoke. Powered by a rocket motor igniting and producing for 5 to 10 seconds the missile seeker infra-red energy warheads that confuses and diverts the target. The NATO square format calibres are currently heavily used by the aircraft OEMs and defence forces. Decoy flare makers are regularly updating their products to keep up with improvements in airborne countermeasure technologies and aircraft models.

By Application

• Fixed Wing
• Rotary Wing

The Decoy Flares Market segmentation, based on application, includes fixed wing and rotary wing. Fixed wing segment dominated the Decoy Flares Market in 2023. Application of decoy flares on defence aircraft is referred to as fixed wing. Potential prospects for the decoy flare industry are being created by the global growth in government spending on the purchase of combat and transport aircraft fleets for border security.

Regional Snapshots:

North America, Europe, Asia-Pacific, and the rest of the world are the regions for which the study offers market insights. The North America Decoy Flares Market dominated this market in 2023 (49.70%). The market is being pushed by the expanding demand from the defence industry for decoy flares. Decoy flares, which insulate military aircraft from missiles, are widely used in the defence industry. The increasing use of decoy flares by the commercial sector to protect aeroplanes from heat-seeking missiles is another factor propelling the industry. Further, the U.S. Decoy Flares market held the largest market share, and the Canada Decoy Flares market was the fastest growing market in the North America region.

Decoy Flares Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S.
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report:

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions:

• How much the global Decoy Flares Market valued?
• Which region has the largest share in 2024 for the global Decoy Flares Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of the Market:

• Historic year: 2019-2022
• Base year: 2023
• Forecast: 2024 to 2032
• Representation of Market revenue in USD Million