Decoy Flares Market is predicted to reach USD ~2.5 billion at a CAGR of ~15.20% during the forecast period 2023 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “Global Decoy Flares Market” that contains information from 2018 to 2032. The decoy flares market is estimated to register a CAGR of 15.20% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global decoy flares market— Armtec Defense Technologies, Mil-Spec Industries Corporation, LACROIX, Ordtech, Owen International, Premier Explosives Limited, Rheinmetall AG, Rosoboronexport, Elbit Systems Ltd., and TARA Aerospace AD

Decoy Flares  Market Highlights

The global decoy flares market is accounted to register a CAGR of 15.20% during the forecast period and is estimated to reach USD 5.4 Billion by 2032.

The market for decoy flares is steadily expanding as a result of expanding military modernization initiatives and growing worries about missile threats. Decoy flares are essential for aviation and naval defense systems because they provide efficient decoys against heat-seeking missiles.

Segment Analysis

The global decoy flares market has been segmented based type and application.

On the basis of type, the market is segmented into pyrotechnic flares, pyrophoric flares, and others. In 2022, the segment with the biggest revenue share was fireworks. The increasing use of pyrotechnic flares in military aircraft is one of the main drivers of the market's expansion.

Based on application, the global decoy flares market has been segmented into fixed wing and rotary wing. In 2022, the fixed wing sector led the global market for decoy flares. Fixed wing refers to the use of decoy flares on defense aircraft.

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Regional Analysis

The global decoy flares market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Decoy Flares market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Decoy Flares market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Decoy Flares market comprises of Middle East, Africa, and Latin America.

The North America decoy flares market dominated this market in 2022 (45.80%). The market is being driven by the rising demand for decoy flares from the defence industry. Decoy flares are frequently used in the defense sector to protect military aircraft from missiles. Another element boosting the market is the expanding use of decoy flares in the commercial sector to protect aeroplanes from heat-seeking missiles.

Moreover, Europe decoy flares market accounted for the healthy market share in 2022. One of the key elements supporting the expansion of the decoy flares market in Europe over the predicted period is the rise in sales of military aircraft.

Additionally, from 2023 to 2032, the Asia Pacific decoy flares market is anticipated to grow significantly. Some governments have already started to increase their defense budget in order to address security issues and counter terrorism. For instance, in 2016, the military budgets of China, Russia, Saudi Arabia, and South Korea all climbed by an average of 5%.

Furthermore, the rest of the world's decoy flares market is divided into the Middle East, Africa, and Latin America. The Latin market for decoy flares is witnessing steady growth due to increased defense expenditures. Decoy flares are in high demand among military forces for aircraft protection, countermeasures, and enhancing survivability. Technological advancements and rising security concerns are driving market expansion.

Key Findings of the Study

• The global decoy flares market is expected to reach USD 5.4 Billion by 2032, at a CAGR of 15.20% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the governments of certain nations have already started to increase their defence budget to battle security issues and counter terrorism.


• Based on application, the fixed wing segment was attributed to holding the largest market in 2022.


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