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Decoy Flares Market by Application and Geography - Forecast and Analysis 2020-2024

Decoy Flares Market by Application and Geography - Forecast and Analysis 2020-2024

Published: Dec 2020 120 Pages SKU: IRTNTR45127

The decoy flares market size has the potential to grow by USD 149.32 million during 2020-2024, and the market’s growth momentum will accelerate at a CAGR of 4.48%. 

This report provides a detailed analysis of the market by application (aircraft and rotorcraft), geography (APAC, Europe, MEA, North America, and South America), and key vendors. 

Market Overview

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • BAE Systems Plc
  • Chemring Group Plc
  • Elbit Systems Ltd.
  • Etienne Lacroix Group
  • Leonardo Spa
  • MBDA
  • Rheinmetall AG
  • TransDigm Group Inc.

 

The decoy flares market is concentrated and the vendors are deploying growth strategies such as mergers and acquisitions to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as increase in aircraft deliveries to achieve growth opportunities. However, factors such as environmental and safety concerns pertaining to decoy flare production will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the decoy flares market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies, 

This decoy flares market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Decoy Flares Market: Key Drivers and Trends

  • Military aircraft use decoy flares as a defensive mechanism to avoid being detected and attacked by adversary air defense systems.
  • The number of aircrafts, especially military aircrafts is increasing.
  • The rising focus on the production of aircrafts is positively influencing the market, both in terms of fitting and consumables.
  • The increase in aircraft deliveries will be one of the primary growth drivers for the decoy flares market. 
  • The growing development of missile jamming decoys is identified as one of the key trends that will stimulate growth in the decoy flares market during the forecasted period.
  • Leonardo will develop new fighter jet countermeasures, known as expendable active decoys (EAD) and is the first company to partner for the rapid capability office’s (RCO) maiden joint project.

 

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Decoy Flares Market: Segmentation by Geography

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38% of the market’s growth will originate from North America during the forecast period. The US is a key market for decoy flares in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.

The increase in military aircraft sales is one of the prime factors that will facilitate the decoy flares market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Decoy Flares Market: Segmentation by Application

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The growing demand for advanced military aircraft will generate demand for advanced countermeasure systems and will drive the global decoy flares market during the forecast period. The decoy flares market share growth by the aircraft segment will be faster than the rotorcraft segments.    

This report provides an accurate prediction of the contribution of all the segments to the growth of the decoy flares market size. Fetch actionable market insights on post COVID19 impact on each segment.   

 

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Decoy Flares Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive decoy flares market growth during the next five years
  • Precise estimation of the decoy flares market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the decoy flares industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of decoy flares market vendors

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Research Methodology

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Frequently Asked Questions

Decoy Flares market growth will increase by 149.32 million during 2019-2024.

The Decoy Flares market is expected to grow at a CAGR of 4.48% during 2019-2024.

Decoy Flares market is segmented by Application( Aircraft, Rotorcraft) Geographic( North America, Europe, APAC, South America, MEA)

BAE Systems Plc, Chemring Group Plc, Elbit Systems Ltd., Etienne Lacroix Group, Leonardo Spa, MBDA, Rheinmetall AG, TransDigm Group Inc. are a few of the key vendors in the Decoy Flares market.

North America will register the highest growth rate of 38.01% among the other regions. Therefore, the Decoy Flares market in North America is expected to garner significant business opportunities for the vendors during the forecast period.

US, Russian Federation, France, China, India, Saudi Arabia

  • Increase in aircraft deliveries is the driving factor this market.

The Decoy Flares market vendors should focus on grabbing business opportunities from the Aircraft segment as it accounted for the largest market share in the base year.