The continuous growth in air travel demand, leading to increased aircraft production and fleet expansion are the factors driving market in the forecast period 2025-2029.
According to TechSci Research report, “Aerospace Support and Auxiliary Equipment Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, The Global Aerospace Support and Auxiliary Equipment Market size reached USD 32.74 Billion in 2023 and is expected to grow with a CAGR of 6.84% in the forecast period. The global aerospace support and auxiliary equipment market is a crucial segment within the broader aerospace industry, encompassing a wide range of products and services that support aircraft operations. This market is driven by factors such as technological advancements, increasing air traffic, rising demand for new aircraft, and the need for efficient maintenance and support systems.
One of the key components of this market is ground support equipment (GSE), which includes tools, vehicles, and machinery used for aircraft maintenance, servicing, and ground operations. With the growing fleet of commercial and military aircraft worldwide, the demand for GSE is expected to remain robust. Additionally, the emphasis on reducing turnaround times and improving operational efficiency at airports is driving investments in advanced GSE technologies.
Another significant segment is auxiliary power units (APUs), which provide onboard power to aircraft when the main engines are not operational. APUs play a crucial role in powering various aircraft systems, including air conditioning, hydraulic systems, and cockpit instruments. With the increasing adoption of electric and hybrid aircraft propulsion systems, the demand for efficient and lightweight APUs is expected to rise in the coming years.
Furthermore, the aerospace support and auxiliary equipment market includes a range of other products and services, such as aircraft towing and taxiing systems, cabin interior components, and aircraft maintenance, repair, and overhaul (MRO) services. MRO services, in particular, are essential for ensuring the safety and airworthiness of aircraft throughout their operational life cycle. As aircraft fleets continue to expand and age, the demand for MRO services is expected to grow significantly.
Geographically, North America and Europe having significant shares in the aerospace support and auxiliary equipment market, owing to the presence of leading aircraft manufacturers, airlines, and MRO service providers in these regions. However, emerging markets in Asia-Pacific, Latin America, and the Middle East are witnessing rapid growth, driven by increasing air travel demand and investments in aviation infrastructure.
In conclusion, the global aerospace support and auxiliary equipment market is poised for steady growth, driven by technological advancements, increasing air traffic, and the need for efficient aircraft operations and maintenance. As the aerospace industry continues to evolve, companies within this market will need to innovate and adapt to meet the evolving needs of aircraft operators and manufacturers worldwide..
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North America, particularly the United States, holds a dominant position in the aerospace support and auxiliary equipment market. The region boasts a robust aerospace industry, supported by a strong defense sector, significant investments in research and development, and a large base of aerospace companies. Moreover, North America is home to major aircraft manufacturers, leading to a high demand for support and auxiliary equipment.
Asia Pacific is experiencing rapid growth in the aerospace sector, driven by increasing defense budgets, rising air travel demand, and the emergence of new aerospace hubs. Countries like China, India, and Japan are investing heavily in aerospace infrastructure, manufacturing capabilities, and technological innovation. This growth is propelling the demand for support and auxiliary equipment in the region.
Europe is a key player in the aerospace industry, with countries like France, Germany, and the United Kingdom leading the market. The region benefits from a strong aerospace manufacturing base, advanced technology development, and collaborations between industry players and government agencies. European aerospace companies are renowned for their expertise in aircraft systems and components, driving demand for support and auxiliary equipment.
South America has a growing aerospace sector, fueled by increasing investments in defense modernization and commercial aviation expansion. Brazil, in particular, is a major player in the regional aerospace market, with a well-established aerospace industry and a significant presence of aircraft manufacturers and suppliers. This contributes to the demand for support and auxiliary equipment in the region.
The Middle East & Africa region is witnessing a rise in aerospace activities, supported by infrastructure development, defense investments, and initiatives to diversify economies. Countries like the United Arab Emirates, Saudi Arabia, and South Africa are investing in aerospace capabilities, leading to a growing demand for support and auxiliary equipment to cater to both military and commercial aviation needs.
Major companies operating in Global Aerospace Support and Auxiliary Equipment Market are:
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- RTX Corporation
- BAE Systems PLC
- The Boeing Company
- Hindustan Aeronautics Limited
- Saab AB
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“The global aerospace support and auxiliary equipment market continues to expand driven by increasing demand for air travel and advancements in aviation technology. Key players are focusing on innovation and strategic partnerships to enhance their market presence and meet evolving customer requirements. Military and defense applications also contribute significantly to market growth, with emerging economies investing in modernizing their air forces.
However, challenges such as stringent regulations and supply chain disruptions pose potential obstacles to market expansion. Overall, the future outlook for the global aerospace support and auxiliary equipment market appears promising, with sustained growth anticipated. ” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Aerospace Support and Auxiliary Equipment Market – Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Type (Commercial Radars, Satellites), By Ownership (Public, Private), By Platform (Airborne, Land, Naval, Space), By Region, Competition, 2019-2029”, has evaluated the future growth potential of Global Aerospace Support and Auxiliary Equipment Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Aerospace Support and Auxiliary Equipment Market.
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The Business Research Company’s latest report Aerospace Support and Auxiliary Equipment Global Market Report 2020 covers Aerospace Support and Auxiliary Equipment market drivers, Aerospace Support and Auxiliary Equipment market trends, Aerospace Support and Auxiliary Equipment market segments, Aerospace Support and Auxiliary Equipment market growth rate, Aerospace Support and Auxiliary Equipment market major players, and Aerospace Support and Auxiliary Equipment market size.
The report provides in-depth analysis of the impact of COVID-19 on the Aerospace Support and Auxiliary Equipment industry, along with revised market numbers due to the effects of the coronavirus.
View Complete Report:https://www.thebusinessresearchcompany.com/report/aerospace-support-and-auxiliary-equipment-global-market-report-2020-30-covid-19-impact-and-recoveryAerospace Support and Auxiliary Equipment Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.Request for the sample now:https://www.thebusinessresearchcompany.com/sample.aspx?id=2107=smpThe global aerospace support and auxiliary equipment market is expected to decline from $28.7 billion in 2019 to $27.6 billion in 2020 at a compound annual growth rate (CAGR) of -4%.
The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
The Business Research Company published its Aerospace Support And Auxiliary Equipment Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global aerospace support and auxiliary equipment market.
The report covers the aerospace support and auxiliary equipment market’s segments- by type: commercial radars; satellites and by ownership: public; private subsegments covered: continuous waveform; pulse waveform; large satellite; mini satellite; micro satellite; nano satellite.View Complete Report: https://www.thebusinessresearchcompany.com/report/aerospace-support-and-auxiliary-equipment-global-market-report-2020-30-covid-19-impact-and-recoveryAerospace Support And Auxiliary Equipment Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It also compares the market’s historic and forecast growth.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Multi-Function Radio Frequency Systems (MFRFSs) are increasingly being used for operational radar frequency ranges towards applications for broadband.
Defense Support and Auxiliary Equipment Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact – both negative and positive – of COVID-19 on the defense support and auxiliary equipment industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
This includes revised market numbers according to the effects of the coronavirus and the expected defense support and auxiliary equipment market growth numbers 2021-2030.
View Complete Report:https://www.thebusinessresearchcompany.com/report/defense-support-and-auxiliary-equipment-global-market-report-2020-30-covid-19-impact-and-recovery The Defense Support and Auxiliary Equipment Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global defense support and auxiliary equipment market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030.
The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.The Defense Support and Auxiliary Equipment Global Market Report 2021 covers defense support and auxiliary equipment market drivers, defense support and auxiliary equipment market trends, defense support and auxiliary equipment market growth rate, defense support and auxiliary equipment market major players, player-adopted strategies in the market, and defense support and auxiliary equipment market size.The global defense support and auxiliary equipment market is expected to grow from $120.46 billion in 2020 to $122.62 billion in 2021 at a compound annual growth rate (CAGR) of 1.8%.
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.
Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reportsThe Defense Support And Auxiliary Equipment Global Market Report 2020-30 by The Business Research Company describes and explains the global defense support and auxiliary equipment market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030.
The report evaluates the market across each region and for the major economies within each region.The Defense Support And Auxiliary Equipment Global Market Report 2021 covers defense support and auxiliary equipment market drivers, defense support and auxiliary equipment market trends, defense support and auxiliary equipment market segments, defense support and auxiliary equipment market growth rate, defense support and auxiliary equipment market major players, and defense support and auxiliary equipment market size.View Complete Report: https://www.thebusinessresearchcompany.com/report/defense-support-and-auxiliary-equipment-global-market-report-2020-30-covid-19-impact-and-recoveryThe defense support and auxiliary equipment market report provides an in-depth analysis of the impact of COVID-19 on the global defense support and auxiliary equipment industry, along with revised market numbers due to the effects of the coronavirus and the expected defense support and auxiliary equipment market growth numbers 2021-2030.Defense Support And Auxiliary Equipment Global Market Report 2021 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.Request For The Sample Now: https://www.thebusinessresearchcompany.com/sample.aspx?id=2111=smpThe global defense support and auxiliary equipment market is expected to grow from $120.46 billion in 2020 to $122.62 billion in 2021 at a compound annual growth rate (CAGR) of 1.8%.
The market is expected to reach $143.42 billion in 2025 at a CAGR of 4%.The report covers the defense support and auxiliary equipment market’s segments-1) By Type: Military Radars, Military Satellites, Other Defense Support And Auxiliary Equipment.Subsegments Covered: Continuous Waveform, Pulse Waveform, Large Satellite, Mini Satellite, Micro Satellite, Nano Satellite.About The Business Research Company: The Business Research Company is a market intelligence firm that excels in company, market, and consumer research.
Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.
