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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.
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The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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.
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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.
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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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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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