The aerospace support and auxiliary equipment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Aerospace Support and Auxiliary Equipment Market, 2024 report by The Business
Research Company offers comprehensive insights into the current state of the
market and highlights future growth opportunities.
Market Size -
The aerospace support and auxiliary equipment market size has grown strongly in
recent years. It will grow from $33.92 billion in 2023 to $36.15 billion in
2024 at a compound annual growth rate (CAGR) of 6.6%. The
growth in the historic period can be attributed to global economic
conditions, military expenditure, commercial aviation demand, space exploration.
The aerospace support and auxiliary equipment market size is expected to see
strong growth in the next few years. It will grow to $44.44 billion in 2028 at
a compound annual growth rate (CAGR) of 5.3%.
The growth in the forecast period can be attributed to growing air
travel demand, environmental regulations, emerging markets, space
commercialization, defense spending. Major trends in the forecast period
include electrification and lightweighting, advanced materials, additive
manufacturing, digitalization and connectivity, collaboration and partnerships,
.
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Scope Of Aerospace Support and Auxiliary Equipment Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Aerospace Support and Auxiliary Equipment Market Overview
Market Drivers -
Increasing demand for air travel is expected to propel the growth of the
aerospace support and auxiliary equipment market. Air travel is a form of
travel that involves the use of vehicles that can sustain flight, such as
airplanes, jet aircraft, helicopters, or anything else that can fly. It is the
act of boarding an aircraft for the purpose of flying therein and alighting
there after a flight. Air travel leads to a rise in aircraft production and
maintenance activities, including air traffic control equipment, aircraft
production equipment, safety equipment, and other related products and
services. For instance, in March 2023, according to a report published by the
Bureau of Transportation Statistics, a US-based government agency, in 2022, US
airlines transported 194 million more passengers than in 2021, a 30% increase
year on year. From January to December 2022, US airlines handled 853 million
passengers (unadjusted), up from 658 million in 2021 and 388 million in 2020.
Therefore, the increasing demand for air travel is driving the growth of the
aerospace support and auxiliary equipment market.
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
Subsegments Covered: Continuous Waveform, Pulse Waveform, Large Satellite, Mini
Satellite, Micro Satellite, Nano Satellite
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Regional Insights -
Asia-Pacific was the largest region in the aerospace support and auxiliary
equipment market in 2023. Asia-Pacific is expected to be the fastest growing
region in the forecast period. The regions covered in the aerospace support and
auxiliary equipment market report are Asia-Pacific, Western Europe, Eastern
Europe, North America, South America, Middle East and Africa.
Key Companies -
Major companies operating in the aerospace support and auxiliary equipment
market include 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.
Table of Contents
1. Executive Summary
2. Aerospace Support and Auxiliary Equipment Market Report Structure
3. Aerospace Support and Auxiliary Equipment Market Trends And Strategies
4. Aerospace Support and Auxiliary Equipment Market – Macro Economic Scenario
5. Aerospace Support and Auxiliary Equipment Market Size And Growth
…..
27. Aerospace Support and Auxiliary Equipment Market Competitor Landscape And
Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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