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Decoy Flares Market

Decoy Flares Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Products (Pyrotechnic Flares, Pyrophoric Flares, and Highly Flammable Payloads), Caliber (26 mm, 50 mm, 1u201dx1u201dx8u201d NATO Square Format, and 2u201dx1u201dx8u201d NATO Square Format), Application (Fixed Wing and Rotary Wing), and Geography

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Decoy Flares Market

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  1. According to our latest market study on “Decoy Flares Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Products (Pyrotechnic Flares, Pyrophoric Flares, and Highly Flammable Payloads), Caliber (26 mm, 50 mm, 1”x1”x8” NATO Square Format, and 2”x1”x8” NATO Square Format), and Application (Fixed Wing and Rotary Wing),” the market was valued at US$ 1,172.84 million in 2019 and is projected to reach US$ 3,547.07 million by 2027; it is expected to grow at a CAGR of 14.4% from 2020 to 2027. The increasing number of initiatives by key market players is one of the major factors providing growth opportunities to the decoy flares market. For instance, in September 2019, a new, advanced chaff countermeasure was incorporated into the F-35A Joint Strike by the US Air Force. Currently, the ARM-210 chaff, suggested for use on F-35A, is not available and undergoing operational testing.

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