Global Aerospace Support and Auxiliary Equipment Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Aerospace Support and Auxiliary Equipment Market Report by The Business Research Company covers aerospace support and auxiliary equipment market drivers and restraints, aerospace support and auxiliary equipment market size, major players, and the impact of COVID-19 on the aerospace support and auxiliary equipment market.
The aerospace support and auxiliary equipment market consists of sales of support and auxiliary equipment by entities (organizations, sole traders or partnerships) that produce support and auxiliary equipment including commercial radars, air traffic control towers, satellites and other auxiliary equipment. The market includes maintenance services provided by aerospace support and auxiliary equipment manufacturers during the equipment’s warranty period.
Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) is expected to drive innovation in defense market, thus driving the market during the forecast period.
The global aerospace support and auxiliary equipment market is expected to grow from $26.99 billion in 2020 to $28.22 billion in 2021 at a compound annual growth rate (CAGR) of 4.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $32.86 billion in 2025 at a CAGR of 4%.
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Some aerospace support and auxiliary equipment market trends include the use of multi-function radio frequency system (MFRFS) for operational radar frequency ranges towards applications for broadband. The MFRFS is an electronically scanned radar system that can detect and track threats at a wider range. The wider frequency range enhances the survivability for combat missions in case of no visibility in both horizontal and vertical direction (zero-zero visibility condition). It also provides additional electronic warfare functionalities and gives the pilots the ability to land safely in adverse conditions. Raytheon and NCS are manufacturing radars with MFRFS technology.
Global aerospace support and auxiliary equipment market segments include:
1) By Type: Commercial Radars, Satellites.
2) By Ownership: Public, Private.
Subsegments Covered: Continuous Waveform, Pulse Waveform, Large Satellite, Mini Satellite, Micro Satellite, Nano Satellite.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global aerospace support and auxiliary equipment market, accounting for 37% of the total market
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The Aerospace Support and Auxiliary Equipment Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides aerospace support and auxiliary equipment market overviews, analyzes and forecasts market size, share, aerospace support and auxiliary equipment market players, aerospace support and auxiliary equipment market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The aerospace support and auxiliary equipment identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Aerospace Support and Auxiliary Equipment Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Lockheed Martin, Northrop Grumman, Raytheon, Reutech Radar Systems, Rockwell Collins
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Aerospace Support And Auxiliary Equipment Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Aerospace Support And Auxiliary Equipment Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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