Global Aerospace Support And Auxiliary Equipment Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

20 Jan, 2021

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.

Global Aerospace Support And Auxiliary Equipment Market Size And Drivers:

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%. 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.

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Trends In The Global Aerospace Support And Auxiliary Equipment Market

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 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:

The global aerospace support and auxiliary equipment market is further segmented based on type, ownership and geography.
By Type: Commercial Radars, Satellites.
By Ownership: Public, Private.
Subsegments Covered: Continuous Waveform, Pulse Waveform, Large Satellite, Mini Satellite, Micro Satellite, Nano Satellite.
By Geography: The global aerospace support and auxiliary equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, the Asia Pacific was the largest region in the global aerospace support market, accounting for 37% of the total market.

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Aerospace Support And Auxiliary Equipment Global Market Report 2021 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 and growth for the global aerospace support and auxiliary equipment market, aerospace support and auxiliary equipment market share, aerospace support and auxiliary equipment market players, aerospace support and auxiliary equipment market segments and geographies, aerospace support and auxiliary equipment market’s leading competitors’ revenues, profiles and market shares. The aerospace support and auxiliary equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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