Decoy Flares Market Size to Grow by $ 149.32 mn through 2020-2024 | Forecast and Trend Analysis
Technavio has been monitoring the decoy flares market and it is expected to grow by $ 149.32 mn, accelerating at a CAGR of almost 4% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Decoy Flares Market: Emerging Trends to Impact Market Growth
Growing development of missile jamming decoys to emerge as a key trend in the industrial decoy flares market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.
Decoy Flares Market: Vendor Analysis
The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. BAE Systems Plc, Chemring Group Plc, Elbit Systems Ltd., Etienne Lacroix Group, Leonardo Spa, MBDA, Rheinmetall AG, and TransDigm Group Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
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The Global Decoy Flares Market is expected to grow by USD 149.32 million accelerating at a CAGR of over 4% during the forecast period. Techanvio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. Download our free sample report with COVID-19 analysis
Decoy Flares Market: Segmentation by Application
During 2019, the Industrials segment dominated the Global Decoy Flares Market in 2019. Advanced military aircraft will generate demand for advanced countermeasure systems and thus drive the growth of the global decoy flares market during the forecast period. Rising global tensions would be the main reason that will lead to an increase in defense spending and consequent rise in demand for defense and military products.
The development of technologically advanced decoy flares such as the new spectral flare which will increase the survivability of combat helicopters in danger zone. This new flare is smaller and lighter than the ones currently in use, which will enable the helicopter to carry more number of flares and allow a longer safe flight in the danger zone.
Decoy Flares Market: Vendor Analysis
The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. BAE Systems Plc, Chemring Group Plc, Elbit Systems Ltd., Etienne Lacroix Group, Leonardo Spa, MBDA, Rheinmetall AG, and TransDigm Group Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio forecasts three scenarios (optimistic, probable, and pessimistic) to evaluate the impact of COVID-19 Download a Free Sample Report. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
