Press release
Aircraft Survivability Equipment Global Market 2024: Growth Analysis, Exploration of Business Opportunities, Projection of Future Trends, Development Tracking, and Forecasting until 2033.
Aircraft Survivability Equipment Market
The Business Research Company presents an extensive market research report on the Aircraft Survivability Equipment Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The aircraft survivability equipment market size has grown strongly in recent years. It will grow from $4.12 billion in 2023 to $4.4 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to military modernization programs, enhanced survivability measures, increased focus on electronic warfare, cold war era innovations, integration of defensive systems..
The aircraft survivability equipment market size is expected to see strong growth in the next few years. It will grow to $5.57 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to demand for retrofit and upgrades, focus on cyber resilience, integration of ai and machine learning, intelligent countermeasure systems, development of directed energy weapons.. Major trends in the forecast period include advanced threat detection systems, integrated defensive systems, adoption of directed energy weapons, miniaturization and weight reduction, enhanced electronic warfare capabilities..
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Key Market Players:
United Technologies Corporation, Lockheed Martin Corporation, Boeing Rotorcraft Systems, Raytheon Company, Airbus SE, Northrop Grumman Corporation, BAE Systems plc, Harris Corporation, Thales Group, L3 Technologies Inc., Leonardo S.p.A., Textron Inc., Rheinmetall AG, Elbit Systems Ltd., Israel Aerospace Industries Ltd., Saab AB, General Dynamics Corporation, Sikorsky Aircraft, Moog Inc., Curtiss-Wright Corporation, Cobham Limited, Orbital ATK Inc., FLIR Systems Inc., Ultra Electronics Holdings plc, Chemring Group, Cobham plc., Aselsan A.S., Terma A/S, Esterline Technologies Corporation, Edo Corporation Ltd. are prominent players in the industry.
Market Drivers:
The increasing air accidents is expected to drive the growth of the aircraft survivability equipment market. Air accidents are defined as incidents connected to an aircraft's operation that occur after someone onboard the aircraft. Aircraft survivability equipment (ASE) is a suite of systems designed to protect aircraft from being attacked using missile detection, warning, and tracking technologies, signal jamming, chaff and flare dispensers, and infrared laser beam countermeasures. For instance, in March 2023, according to the International Air Transport Association, a Canada-based trade association, the number of air accidents in 2021 was 29, which increased to 39 in 2022. Therefore, the increased number of aircraft is driving the growth of the aircraft survivability equipment market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/aircraft-survivability-equipment-global-market-report
Market Segments Include:
1) By Component: Hardware, Software, Services
2) By Technology: Active, Passive
3) By Fit: Line, Forward
4) By Application: Combat Aircraft, Combat Helicopter, Special Mission Aircraft, Unmanned Aerial Vehicle (UAV)
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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