Market Insights and Analysis: Missile Decoy Systems Market Overview and Projections (2023-2028)

The market size of Global Missile Decoy Systems is projected to grow at a CAGR of around 20.59% during the forecast period, i.e., 2023-28.

Top leading companies in the Missile Decoy Systems Market includes:

Raytheon Technologies Corporation, BAE Systems, Leonardo S.p.A., Bharat Electronics Ltd., Terma, Elbit Systems Ltd., Safran, Rheinmetall AG, Mitsubishi Heavy Industries, Lacriox, System Engineering & Assessment, JSK Naval Support, and others

Recent Development:

  • In 2023, Rafael announced the development of its new C-GEM and Wizard decoys adequate for the saturation anti-ship missiles.
  • In 2023, the Philippines Navy test-fired its new ‘Bullfighter’ a 130mm missile decoy. The system is targeted at protecting naval vessels up to the size of frigates.

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Report Segmentation:

The market is categorized into the following segments in the report:

By Function

-Infrared Decoy Systems

-Radar Decoy Systems

-Laser Decoy Systems

-Electronic Warfare (EW) Decoy Systems

-Other Decoy Systems (Acoustic, Visual, etc.)

  • Radar Decoy Systems are expected to exhibit a sizeable share in the Global Missile Decoy Systems Market.

By Platform         

-Airborne Decoy Systems

-Naval Decoy Systems

-Ground-based Decoy Systems

By Type

-Passive Decoy Systems

-Active Decoy Systems

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Missile Decoy Systems Market Geographic Reach:

The Geographic Reach of the Missile Decoy Systems Market evaluates the spread and significance of Missile Decoy Systems Market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.

  • North America: US, Canada, Mexico
  • Europe: Germany, The UK, France, Spain, Italy, Russia, Rest of Europe
  • Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
  • South America: Brazil, Rest of South America
  • Middle East & Africa: The UAE, Saudi Arabia, Israel, Turkey, South Africa, Rest of the Middle East & Africa

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