The Aerospace Support and Auxiliary Equipment Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Aerospace Support and Auxiliary Equipment Market?
The market size of the Aerospace Support and Auxiliary Equipment Global Market Report 2025 has seen a significant increase in recent years. It is projected to rise from $31.55 billion in 2024 to $33.39 billion in 2025, with a compound annual growth rate (CAGR) of 5.8%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Aerospace Support and Auxiliary Equipment Industry?
The forecasted market size for the Aerospace Support and Auxiliary Equipment Global Market by 2029 is predicted to reach $40.07 billion. The market is expected to grow at a compound annual growth rate (CAGR) of 4.7%.
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What are the Key Growth Drivers Fueling the Aerospace Support and Auxiliary Equipment Market?
The key drivers in the aerospace support and auxiliary equipment market are:
• Rising demand for air travel
• Tightening environmental regulations
• Expansion in emerging markets
• Increase in commercial activities in the space sector
• Boost in defense spending
Global Market Segmentation: Identifying Major Aerospace Support and Auxiliary Equipment Industry Segments
The aerospace support and auxiliary equipment market covered in this report is segmented –
1) By Type: Commercial Radars, Satellites
2) By Ownership: Public, Private
3) By Platform: Airborne, Land, Naval, Space
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What are the Emerging Trends Shaping the Future of the Aerospace Support and Auxiliary Equipment Market?
The key trends in the aerospace support and auxiliary equipment market are:
• Major trends include the adoption of electrification and lightweighting mechanisms.
• Application of advanced materials is becoming progressively common.
• Additive manufacturing is emerging as a major trend.
• The market is being shaped by strides in digitalization and connectivity, as well as collaboration and partnerships.
Who Are the Top Competitors & Leading Players in the Aerospace Support and Auxiliary Equipment Market?
Major companies in the aerospace support and auxiliary equipment market are:
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Raytheon Inc.
• Reutech Radar Systems Pty Ltd.
• Rockwell Collins Inc.
• Boeing Airplane & Transport Corporation
• Airbus Group Inc.
• Safran Aerosystems
• General Electric Aircraft Engines
• Rolls-Royce Motors Holdings Ltd.
• Leonardo UK Ltd.
• Honeywell International Inc.
• BAE Systems Inc.
• L3 Technologies Inc.
• Bombardier Inc.
• Spirit AeroSystems Inc.
• Public Joint-Stock Company United Aircraft Corporation
• MTU Aero Engines AG
• Empresa Brasileira De Aeronáutica
• GKN Aerospace Services Ltd.
• Israel Aerospace Industries Ltd.
• Triumph Group Inc.
• Torry Harris Integration Solutions
• Collins Aerospace Systems
• Thales SA
• General Electric Company Ltd.
• United Technologies Corporation India Pvt Ltd.
• Textron Inc.
• Eaton Corporation PLC
• Moog Inc.
• Woodward Inc.
Regional Dominance: Which Area Leads the Global Aerospace Support and Auxiliary Equipment Market?
Asia-Pacific was the largest region in the aerospace support and auxiliary equipment market in 2023
