Insights Into The Aerospace Support And Auxiliary Equipment Market’s Growth Opportunities Through 2023-2032 – Includes Aerospace Support And Auxiliary Equipment Market Report
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Rapid advances in wireless technology and miniaturization are expected to drive innovation in aerospace support and auxiliary equipment manufacturing, thus driving the market during the forecast period.
The global aerospace support and auxiliary equipment market is expected to grow from $31.3 billion in 2022 to $33.71 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The aerospace support and auxiliary equipment market is expected to grow to $41.14 billion in 2027 at a CAGR of 5.1%.
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Global Aerospace Support And Auxiliary Equipment Market Segments Include:
- By Type: Commercial Radars, Satellites
- By Ownership: Public, Private
- By Platform: Airborne, Land, Naval, Space
- 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 in 2021.
Major Market Players in the aerospace support and auxiliary equipment market include Lockheed Martin, Northrop Grumman, Raytheon, Reutech Radar Systems, and Rockwell Collins.
The Multi-Function Radio Frequency System (MFRFS) is increasingly being used 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 increased frequency range improves survivability for combat missions when there is no visibility in both horizontal and vertical directions (zero-zero visibility). 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.
The Aerospace Support And Auxiliary Equipment Global Market Report 2023 provides a aerospace support and auxiliary equipment market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The aerospace support and auxiliary equipment market forecast analyzes aerospace support and auxiliary equipment market size, aerospace support and auxiliary equipment market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The aerospace support and auxiliary equipment refers to support and auxiliary equipment used in aerospace to support operations such as air traffic control towers. The market includes maintenance services provided by aerospace support and auxiliary equipment manufacturers during the equipment’s warranty period.
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