Global Decoy Flares Market is anticipated to grow from USD 1.5 billion in 2023 to USD 3.4 billion in 2030 at a CAGR of 9.8% during the forecast period from 2025 to 2030

Published Date: Jul, 2024

Global Decoy Flares Market is anticipated to grow from USD 1.5 billion in 2023 to USD 3.4 billion in 2030 at a CAGR of 9.8% during the forecast period from 2025 to 2030.

Procurements of air defense systems is day by day increasing along with increasing incidences of asymmetric warfare and terrorism across the globe and the growing development of missile jamming decoys. Missile jamming decoys are becoming more advanced and asymmetric warfare and terrorism are becoming more commonplace as, air defense system purchases are rising, all over the world. These play as the key market drivers enhancing the market growth. Decoy flares are the pyrotechnic devices that generate intense heat upon ignition and are made from a composition of magnesium-based material and a combustion accelerator. The flare's heat signature is significantly higher than that of the aircraft's engines, effectively distracting heat-seeking projectiles. The market is further influenced by the increasing global military expenditure which is driven by territorial disputes and geopolitical tensions and the necessity of maintaining national security. Also, rapid technological advancements, have enhanced the effectiveness of decoy flares, thus promoting their demand in the market. The rising product employment in the military and defense sector and the widespread use of heat-seeking weapons in modern warfare have  been generating the market for decoy flares. Decoy Flares Market is segmented on the basis of its type and appllication. High cost required to manufacture, design and upkeep of decoy flare systems for the countries with limited financial resources is the major contraint of the decoy flares market.

Browse 47 market data Tables and 31 Figures spread through 198 Pages and in-depth TOC on Global Decoy Flares Market by Type (Pyrotechnic Flares, Pyrophoric Flares and Others), By Application (Fixed Wing and Rotary Wing) and By Geography (North America, Europe, Asia-Pacific, Latin America, Middle East And Africa) - Global Forecast from 2025 to 2030.

Global Decoy Flares Market Segmentation and Key Players

Segment / Key Players

Categorization

Type

Pyrotechnic Flares, Pyrophoric Flares and Others

Application

Fixed Wing and Rotary Wing

Key Players

Armtec Defense Technologies, Chemring Group PLC, LACROIX Defense, Elbit Systems Ltd., Owen International, Rheinmetall AG, Mil-Spec Industries Corporation, TARA Aerospace AD

By type, pyrotechnique flares dominate the global decoy flares market

Pyrotechnic Flares segment dominate the market as these kind of flares are extensively used in military operations due to their established versatility, effectiveness and reliability in various applications.

“North America is anticipated to register the fastest CAGR during the forecast period, i.e., 2025-2030 in the global decoy flares market.”

North America shall dominate the global decoy flares market due to its strong technologically advanced defense sector. The United States allocates significant resources to defense spending that drives the demand for advanced defense systems and countermeasures.

Some of the key players in this market are Armtec Defense Technologies, Chemring Group PLC, LACROIX Defense, Elbit Systems Ltd., Owen International, Rheinmetall AG, Mil-Spec Industries Corporation, TARA Aerospace AD.

Recent Developments by Key Players

Rheinmetall (Dusseldorf-based firm) has secured a contract to supply aircraft decoy flares for the German armed forces. The USD 50 million agreement stipulates the delivery of Bispectral Infrared Decoy Improved Efficiency systems.

Global Decoy Flares Market coverage (By Value)

  • Type Insight and Forecast 2025 - 2030
    • Pyrotechnic Flares
    • Pyrophoric Flares
    • Others
  • Application Insight and Forecast 2025 - 2030
    • Fixed Wing
    • Rotary Wing

Geographical Segmentation

Global Decoy Flares Market by Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific (APAC)
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Rest of APAC
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East and Africa
    • Turkey
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA