DUBLIN, Sept. 22, 2023 /PRNewswire/ — The “Decoy Flares Market: Global Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine War” report has been added to ResearchAndMarkets.com’s offering.
The global decoy flares market is poised for remarkable growth, with an anticipated Compound Annual Growth Rate (CAGR) of approximately 11.1%. The market is expected to reach $3.4 billion by 2030, up from $1.6 billion in 2023, according to a comprehensive report on the market.
Holistic Insights into the Decoy Flares Market
This report offers a holistic understanding of the global decoy flares market, providing insights into market sizing, forecasts, drivers, challenges, and the competitive landscape. It presents a clear and detailed overview of the market by segmenting it based on product type, application, distribution channel, and region.
Company Profiles and Informed Decision-Making
The report includes detailed profiles of companies operating in the decoy flares market, offering valuable insights for professionals and industry stakeholders to make informed decisions.
Companies Mentioned
- Armtec Defense Technologies
- BAE Systems Plc
- Chemring Group Plc
- Elbit Systems Ltd.
- Etienne Lacroix Group
- Leonardo Spa
- MBDA
- Mil-Spec Industries Corporation
- Owen International
- Rheinmetall AG
- TARA Aerospace AD
- TransDigm Group Inc.
Market Dynamics:
Drivers
- Increasing Number of Aircraft: The growing number of aircraft worldwide is driving the demand for decoy flares, contributing to market growth.
- Product Development: Ongoing product development efforts are expanding the market’s capabilities and applications.
Challenges
- Government Restrictions: The market faces challenges related to government restrictions, which can impact its growth.
Historical and Forecast Periods
- Base Year: 2022
- Historical Period: 2018-2022
- Forecast Period: 2023-2030
Market Segmentation
Product Type
- Pyrotechnic Flares
- Pyrophoric Flares
- Others
Application
- Fixed Wing
- Rotary Wing
Distribution Channel
- OEM
- Aftermarket
Regional Insights
Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Rest of Asia Pacific
Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- Turkey
- Iran
- United Arab Emirates
- Rest of Middle East & Africa
The global decoy flares market is set for substantial growth, driven by factors such as the increasing number of aircraft and ongoing product development. This report equips industry professionals with essential insights for strategic decision-making.
Key Attributes:
|
Report Attribute |
Details |
|
No. of Pages |
134 |
|
Forecast Period |
2023 – 2030 |
|
Estimated Market Value (USD) in 2023 |
$1.6 Billion |
|
Forecasted Market Value (USD) by 2030 |
$3.4 Billion |
|
Compound Annual Growth Rate |
11.1 % |
|
Regions Covered |
Global |
For more information about this report visit https://www.researchandmarkets.com/r/6wz1ag
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SOURCE Research and Markets
