Decoy Flares Industry Thrives on Innovation: Ongoing Product Development Powers Market Expansion

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Sep 22, 2023, 11:00 ET

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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