Decoy Flares Market: Comprehensive Analysis & Growth Forecast (2025-2030)
Executive Summary The global decoy flares market is projected to reach USD 3.4 billion by 2030 , growing at a CAGR of 9.8% from 2024, according to the latest report from VynZ Research . This growth is driven by increasing defense budgets worldwide, rising geopolitical tensions, and the modernization of military aircraft fleets. Market Overview Key Market Statistics Metric Value 2024 Market Size USD 1.5 billion 2030 Projection USD 3.4 billion CAGR (2024-2030) 9.8% Largest Region North America (38% share) Fastest Growing Region Asia-Pacific Technology Segmentation Pyrotechnic Flares (Conventional) Pyrophoric Flares (Advanced) Electromagnetic Flares (Emerging) Growth Drivers Increasing Aircraft Procurement (F-35, Rafale, Su-35 programs) Modernization of Defense Fleets (US, China, India, Middle East) Rising Asymmetric Warfare Threats (Counter-terrorism operations) Development of Multi-Spectral Flares (IR + UV countermeasures) Advancements in Expendable Countermeasures Market...