The IFF (Identification, Friend, or Foe) systems are cryptographic identification electronic systems designed to identify the intent of the approaching aircraft. Modernization of military and defense infrastructure has resulted in the wide-scale adoption of IFF systems. Growing security concerns have further created the need for such systems. Positive outlook from the military sector across North America, Europe, and APAC regions is expected to drive the IFF systems market over the coming years.
MARKET DYNAMICS
The IFF systems market is anticipated to register high growth in the forecast period owing to the rapid adoption of these systems across various military platforms along with increasing military aircraft deliveries. However, stringent regulations in defense sector may hamper the growth of the IFF systems market. On the other hand, advancements in radar technology are expected to create lucrative growth opportunities for market players during the forecast period.
MARKET SCOPE
The "Global IFF Systems Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of IFF systems market with detailed market segmentation by component, platform, and geography. The global IFF systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading IFF systems market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global IFF systems market is segmented on the basis of component and platform. Based on component, the market is segmented as hardware and software. On the basis of the platform, the market is segmented as land, air, and navy.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global IFF systems market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The IFF systems market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting IFF systems market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis on a global scenario.
MARKET PLAYERS
The reports cover key developments in the IFF systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from IFF systems market are anticipated to lucrative growth opportunities in the future with the rising demand for IFF systems in the global market. Below mentioned is the list of few companies engaged in the IFF systems market.
The report also includes the profiles of key IFF systems companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- BAE Systems
- General Dynamics Mission Systems, Inc.
- HENSOLDT
- Indra Sistemas, SA
- Leonardo S.p.A.
- Micro Systems, Inc. (Kratos Defense & Security Solutions, Inc.)
- Northrop Grumman Corporation
- Raytheon Company
- Tellumat
- Thales Group
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.