Id: CBI_2079 | Pages: 225 | Format : PDF | Published : | Author : Pawan Chasta | Category : Aerospace and Defence
Decoy Flares Market is estimated to reach over USD 5,867.68 Million by 2032 from a value of USD 2,669.45 Million in 2024 and is projected to grow by USD 2,899.18 Million in 2025, growing at a CAGR of 10.3% from 2025 to 2032.
Decoy flares is a countermeasure developed by military and defence sector for misleading the infrared-seeking missiles which utilizes heat for tracking and eliminating. The primary role of flares is to divert missiles away from valuable assets as well as ensuring safety and security of assets and personnel. Additionally, flares are mostly used in combat or hostile situations where diverting enemies attention is crucial for a successful military operation. Moreover, the features and design include heat emission, easy deployment, lightweight and highly compatible among others. Further, the benefits of adopting flares include quick response time, cost effective and increased survivability among others in turn driving the decoy flares market growth. Furthermore, rising military and defence budget are driving the adoption of flares for counterattacking advanced enemy missiles.
The rapidly evolving infrared-seeking missiles or guided missiles is propelling the demand for efficient countermeasures which in turn fuels the decoy flares market demand. Flares have the ability to divert missiles and protect aircrafts, ships, military vehicles and other driving the decoy flares market demand. Further, aircraft are integrated with flares for improving the safety of aircraft and personnel under the attack from enemies. Furthermore, the increasing investment by government in self-defense technology is propelling the decoy flares market growth.
Thus, the increasing focus and investment in self-defense technology is driving the demand for decoy flares market.
The aircraft design prioritizes space for advanced avionics, weapon systems and fuel limit the space for flares which in turn hinders the decoy flares market expansion. Additionally, small size aircraft such as unmanned aerial vehicles and other which have limited payload capacity restricts the adoption of flares. Further, ongoing retrofitting of existing aircrafts posses a significant limitation for the market to expand due to vintage aircraft layouts.
Hence, the limited space in the aircraft hinders the decoy flares market expansion.
Dual band decoy flares are a unique RF self-protection jammer that shields fighter jets from enemy attacks. The flares working principle is such that it utilizes latest jamming technology and advanced radio frequency countermeasures to disrupt enemy radars and lure missiles away from the aircraft in turn propelling the decoy flares market opportunities. Further, the advantages of dual band decoy include enhanced performance and increased capability with reduced size, weight, and power.
Hence, the rising adoption of dual band decoy is anticipated to promote potential decoy flares market opportunities during the forecast period.
Based on the type, the market is segmented into pyrophoric decoys, pyrotechnic decoys and others.
Trends in the Type:
The pyrotechnic decoys accounted for the largest revenue share of 58.12% in the year 2024 and is anticipated to register the fastest CAGR during the forecast period.
Based on the application, the market is segmented into military aircraft, ships, land vehicles and other.
Trends in the Application:
The military aircraft accounted for the largest revenue share in the year 2024 and is anticipated to register the fastest CAGR during the forecast period.
The regions covered are North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Asia Pacific region was valued at USD 737.10 Million in 2024. Moreover, it is projected to grow by USD 802.73 Million in 2025 and reach over USD 1,673.46 Million by 2032. Out of this, China accounted for the maximum revenue share of 28.6%. The market analysis depicts that the growth is mainly driven by its deployment in military aircraft and navy ships among others. Furthermore, factors including increasing defence investment are projected to drive the market in Asia Pacific during the forecast period.
North America is estimated to reach over USD 1,830.72 Million by 2032 from a value of USD 836.01 Million in 2024 and is projected to grow by USD 907.67 Million in 2025. The North American region's growing defence modification offer lucrative growth prospects for the market. Additionally, the growth of border tension is driving market growth.
The regional analysis depicts that the increasing border tension is driving the market progress in Europe. Additionally, the primary factor driving the market in the Middle East and African region rising defence budget in countries such as Saudi Arabia and UAE among others. Further, the rapidly growing modernization and customization factor is paving the way for the progress of market in Latin America region.
The global decoy flares market is highly competitive with major players providing flares to the national and international markets. Key players are adopting several strategies in research and development (R&D), product innovation, and end-user launches to hold a strong position in the decoy flares industry. Key players in the decoy flares market include-
Contracts:
Report Attributes | Report Details |
Study Timeline | 2019-2032 |
Market Size in 2032 | USD 5,867.68 Million |
CAGR (2025-2032) | 10.3% |
By Type |
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By Application |
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By Region |
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Key Players |
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North America | U.S. Canada Mexico |
Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
Middle East and Africa | GCC Turkey South Africa Rest of MEA |
LATAM | Brazil Argentina Chile Rest of LATAM |
Report Coverage |
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The Decoy Flares Market is estimated to reach over USD 5,867.68 Million by 2032 from a value of USD 2,669.45 Million in 2024 and is projected to grow by USD 2,899.18 Million in 2025, growing at a CAGR of 10.3% from 2025 to 2032.
The decoy flares report includes specific segmentation details for type, application, end-user, and regions.
In the decoy flares market, the Pyrotechnic decoys are the fastest-growing segment during the forecast period due to being adopted in military aircraft, helicopters and ships for diverting heat guiding missiles.
The key participants in the decoy flares market are Rheinmetall AG (Germany), Chemring Group PLC (UK), Owen International (Sydney), Elbit Systems Limited (UK), Armtec Defense Technologies (USA), TARA (Europe), LACROIX (France), BAE Systems (UK), Ordtech Industries (UK), Mil-Spec Industries Corporation (USA) and others.
The decoy flares market is being shaped by several key trends including trend towards adoption of flares in naval ships for increasing countermeasures in oceans and is on the verge of becoming a standard for adoption of decoy flares are the key trends driving the market.