Mar 2, 2021   SOURCE: BusinessWire

Global Aerospace Support and Auxiliary Equipment Markets, 2015-2020, 2020-2025F, 2030F Featuring Major Players - Lockheed Martin, Northrop Grumman, Raytheon, Reutech Radar Systems & Rockwell Collins - ResearchAndMarkets.com

The "Aerospace Support and Auxiliary Equipment Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

Aerospace Support and Auxiliary Equipment Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global aerospace support and auxiliary equipment market as it emerges from the COVID-19 shut down.

Major companies in the aerospace support and auxiliary equipment market include Lockheed Martin; Northrop Grumman; Raytheon; Reutech Radar Systems and Rockwell Collins.

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%.

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.

Asia Pacific was the largest region in the global aerospace support and auxiliary equipment market, accounting for 37% of the market in 2020. North America was the second largest region accounting for 23% of the global aerospace support and auxiliary equipment market. Africa was the smallest region 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.

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. Furthermore, technologies such as 3D printing, artificial intelligence and big data analytics are being used during the manufacturing process, resulting in higher productivity, lower operating costs and higher margins. Lower operating costs lead to higher margins, this allows companies to expand production and increase product portfolio, thus driving the growth of the aerospace support and auxiliary equipment market.

Key Topics Covered:

1. Executive Summary

2. Report Structure

3. Aerospace Support and Auxiliary Equipment Market Characteristics

3.1. Market Definition

3.2. Key Segmentations

4. Aerospace Support and Auxiliary Equipment Market Product Analysis

4.1. Leading Products/ Services

4.2. Key Features and Differentiators

4.3. Development Products

5. Aerospace Support and Auxiliary Equipment Market Supply Chain

5.1. Supply Chain

5.2. Distribution

5.3. End Customers

6. Aerospace Support and Auxiliary Equipment Market Customer Information

6.1. Customer Preferences

6.2. End Use Market Size and Growth

7. Aerospace Support and Auxiliary Equipment Market Trends and Strategies

8. Impact of COVID-19 on Aerospace Support and Auxiliary Equipment

9. Aerospace Support and Auxiliary Equipment Market Size and Growth

9.1. Market Size

9.2. Historic Market Growth, Value ($ Billion)

9.2.1. Drivers of the Market

9.2.2. Restraints on the Market

9.3. Forecast Market Growth, Value ($ Billion)

9.3.1. Drivers of the Market

9.3.2. Restraints on the Market

10. Aerospace Support and Auxiliary Equipment Market Regional Analysis

10.1. Global Aerospace Support and Auxiliary Equipment Market, 2020, by Region, Value ($ Billion)

10.2. Global Aerospace Support and Auxiliary Equipment Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region

10.3. Global Aerospace Support and Auxiliary Equipment Market, Growth and Market Share Comparison, by Region

11. Aerospace Support and Auxiliary Equipment Market Segmentation

11.1. Global Aerospace Support and Auxiliary Equipment Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Commercial Radars
  • Satellites

11.2. Global Aerospace Support and Auxiliary Equipment Market, Segmentation by Ownership, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Public
  • Private

12. Aerospace Support and Auxiliary Equipment Market Segments

12.1. Global Commercial Radars Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Continuous Waveform; Pulse Waveform

12.2. Global Satellites Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Large Satellite; Mini Satellite; Micro Satellite; Nano Satellite

13. Aerospace Support and Auxiliary Equipment Market Metrics

13.1. Aerospace Support and Auxiliary Equipment Market Size, Percentage of GDP, 2015-2025, Global

13.2. Per Capita Average Aerospace Support and Auxiliary Equipment Market Expenditure, 2015-2025, Global

Companies Mentioned

  • Lockheed Martin
  • Northrop Grumman
  • Raytheon
  • Reutech Radar Systems
  • Rockwell Collins

For more information about this report visit https://www.researchandmarkets.com/r/xqa1ik