Aircraft Survivability Equipment Market to Grow at a Robust Pace During 2022-2028

by Matt Easterlin on Jul 11, 2023 Marketing 103 Views

The report on the Aircraft Survivability Equipment Market is segmented by Sub-System Type (Electronic Support, Electronic Attack), by Platform Type (Combat Aircraft, Combat Helicopter, Special Mission Aircraft, and UAV), by Fit Type (Line Fit, Forward Fit), and by Region (North America, Europe, Asia-Pacific, and the Rest of the World), It also covers the COVID-19 Impact Analysis and Forecast to 2028.

Market Insights

The aircraft survivability equipment market was estimated at USD 3.7 billion in 2022 and is likely to grow at a CAGR of 6.89% during 2023-2028 to reach USD 5.54 billion in 2028.

Aircraft survivability equipment has an important role to play in any military aircraft as it is highly responsible for reducing the aircraft’s vulnerability and hence helps the crew members to survive after accomplishing the set mission. The method is based on five important steps, which are tactics, signature reduction, warning, jamming decoying, and aircraft hardening.

Aircraft survivability equipment, in order to attain these five steps works on the systems of electronic support and electronic attack. Some of the common options where the equipment is used are combat aircraft, combat helicopters, special mission aircraft, and UAVs.

Market Dynamics

The growth of the aircraft survivability equipment market is primarily driven by-

  • Substitution of legacy systems with progressive combat systems.
  • The rise in asymmetric warfare.
  • The threat of sophisticated infrared (IR) and radiofrequency (RF) targeting systems.

Key players

Some of the key players in the market are-

  • Aselsan A.S.
  • BAE Systems plc
  • Chemring Group
  • Elbit Systems Ltd.
  • Israel Aerospace Industries Ltd.
  • Northrop Grumman Corporation
  • Orbital ATK, Inc.
  • Ruag Holding AG
  • Thales Group

Report Features

The report provides critical insights into the market dynamics that enables strategic decision making that is critical to the growth of the existing players as well as those planning to enter the market. This report offers an improvised approach to consolidate the growth decisions by covering the following features –

  • Market structure - as it reflects the value chain of different commodities in the market.
  • Drivers and Constraints - as both can affect any element of the marketing mix -- product, budget, and place, etc.
  • Market Forecast - a part of the decision-making process. This helps users with facts regarding projected sales dimensions, costs, market shares, and other areas of planning.
  • Competitive landscape and dynamics: The user can determine the strengths and gaps. The information mentioned here will work towards enhancing the brand's strategy.
  • Growth strategies - allowing a small business to survive unexpected changes, and to grow into a bigger entity, and gain a greater competitive advantage.

Segment Analysis

Based on the sub-system type, the market is segmented as electronic support and electronic attack. The electronic support segment comprises systems that sense incoming threats to an aircraft, such as surface-to-air missiles, air-to-air missiles, rocket-propelled grenades, shoulder-fired missiles, and anti-aircraft artilleries; and the segment’s demand is driving the growth of the market in the coming five years.

Based on the platform type, the market is segmented as combat aircraft, combat helicopters, special mission aircraft, and UAVs. Growing threats, progressions in technology, and futuristic acrimonies have paced up the need for survivability equipment in unmanned aircraft and defense aircraft, among other platforms, which in turn, is driving the growth of this segment.  

Based on the fit type, the market is segmented as line fit and forward fit.  The forward fit segment is estimated to witness higher growth during the forecast period. The growth of the segment is owing to the upgradation of old aircraft by various defense organizations across the globe.

In terms of regions, Europe is estimated to be the largest market during the forecast period, triggered by the regional presence of giant aircraft survivability equipment manufacturers, such as Chemring Group (UK), BAE Systems (UK), Saab AB (Sweden), RUAG Holding AG (Switzerland), Terma A/S (Denmark), and Thales Group (UK). North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

Critical Questions Answered in the Report

  • What are the key trends in the Aircraft Survivability Equipment Market?
  • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
  • What is the impact of COVID-19 on Aircraft Survivability Equipment Market?
  • What are the key strategies adopted by the major vendors to lead in the Aircraft Survivability Equipment Market?
  • What is the market share of the top vendors?

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at +1-313-307-4176.

About Us –

Stratview Research is a leading global Market Research firm providing expert research solutions, trusted by clients worldwide. This firm possesses a global presence to enable current market information using the most up-to-date methodology, best-in-class research techniques, and cost-effective approaches. It also surveys clients in several countries to provide you with the most comprehensive illustration of global trends and behaviours.

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Article source: https://article-realm.com/article/Business/Marketing/48115-Aircraft-Survivability-Equipment-Market-to-Grow-at-a-Robust-Pace-During-2022-2028.html

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