Worldwide Industry for Decoy Flares to 2027 - Featuring Armtec Defense Technologies, Chemring Group & TARA Aerospace Among Others

DUBLIN, Nov. 27, 2020 /PRNewswire/ -- The "Decoy Flares Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Products, Caliber, Application, and Geography" report has been added to ResearchAndMarkets.com's offering.

According to this report the market was valued at US $1,172.84 million in 2019 and is projected to reach US $3,547.07 million by 2027; it is expected to grow at a CAGR of 14.4% from 2020 to 2027.

The increasing number of initiatives by key market players is one of the major factors providing growth opportunities to the decoy flares market. For instance, in September 2019, a new, advanced chaff countermeasure was incorporated into the F-35A Joint Strike by the US Air Force. Currently, the ARM-210 chaff, suggested for use on F-35A, is not available and undergoing operational testing. It is expected to be made available for use by the end of 2020. Such advancements and increase in adoption of robust chaff countermeasures are providing opportunities for the growth of the decoy flares market players during the forecast period.

The growing popularity and awareness about airborne expendable countermeasures is also providing growth opportunities to the decoy flares market companies. For example, in September 2017, with the support of the PMA272 Air Expendable Countermeasures Program, BAE Systems won US$ 76 million for the production of new T-1687/ALE-70(V) countermeasures. The contract is anticipated to be completed by 2020. Airborne expendable countermeasures are electronic warfare devices used to protect aircraft from RFor IR-guided missile attacks for pre-emptive or terminal protection.

North America held the largest share of the decoy flares market in 2019, followed by Europe and Asia Pacific. Further, Europe is projected to witness the highest CAGR in the market during the forecast period. The decoy flares market is segmented on the basis of products, caliber, and application. Based on product, the market is further segmented into pyrotechnic flares, pyrophoric flares, and highly flammable payloads. The pyrotechnic flares segment represented the largest share of the overall market in 2019. Based on caliber, the market is further segmented into 26 mm, 50 mm, 1"x1"x8" NATO square format, and 2"x1"x8" NATO square format. In 2019, the1"x1"x8" NATO square format segment accounted for a substantial share in the global decoy flares market. Based on application, the market is segmented into fixed wing and rotary wing. The fixed wing segment held a larger share of the market in 2019.

COVID-19 Impact on Decoy Flares Market

The COVID-19 pandemic has significantly affected the world, and it continues to shatter several countries. Until the outbreak, the aerospace industry was experiencing substantial growth in terms of production and services, despite huge backlogs from the aircraft manufacturers. However, the emergence of the COVID-19 pandemic resulted in the reduction in the manufacturing volumes of aircraft per model, along with the receding of the production of various defense equipment, weaponry, and countermeasure products.

The decline in production volumes is majorly attributed to human movement restrictions, which led the aircraft and other defense product manufacturers to operate with a limited workforce. This has further slightly diminished the growth rate of the decoy flares market during Q1 and Q2 of 2020. However, most of the defense contracts are of a longer period, which has helped the contractors maintain their operational efficiency. Since the defense aircraft manufacturers continued their production with an aim to deliver the products to respective customers on-time, the demand for decoy flares continued to flow at a slower rate. However, disruptions in supply chain have also led to the decoy flare market revenue drop.

Armtec Defense Technologies, Chemring Group PLC, TARA Aerospace AD, TransDigm Group Incorporated, Elbit Systems Ltd.LACROIX, Mechanical and Chemical Industry Corporation, Mil-Spec Industries Corporation, Owen International, Premier Explosives Limited, Rheinmetall AG, Rosoboronexport, Ordtech, and MBDA are among the major companies operating in the decoy flares market.

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global decoy flares market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the global decoy flares market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Key Topics Covered:

1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Decoy Flares Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis

5. Decoy Flares Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Continuously Growing Defense Expenditure
5.1.2 Upgradation of Existing Fighter Jets and Increasing Procurement of Advanced Fighter & Transport Aircraft
5.2 Market Restraints
5.2.1 Difficulties Associated with the Decoy Flares
5.3 Market Opportunities
5.3.1 Increasing Initiatives by the Key Market Players Likely to Provide Growth Opportunities
5.4 Future Trends
5.4.1 Development of Missile Jamming Decoys and Growing Trend of Smart Decoy Flares
5.5 Impact Analysis of Drivers and Restraints

6. Decoy Flares - Global Market Analysis
6.1 Overview
6.2 Decoy Flares Market - Revenue and Forecast to 2027 (US$ million)
6.3 Market Positioning - Global Market Players Ranking

7. Decoy Flares Market Analysis - By Product
7.1 Overview
7.2 Decoy Flares Market, By Product (2019 and 2027)
7.3 Pyrophoric Flares
7.3.1 Overview
7.3.2 Pyrophoric Flares: Decoy Flares Market - Revenue and Forecast to 2027 (US$ million)
7.4 Pyrotechnic Flares
7.4.1 Overview
7.4.2 Pyrotechnic Flares: Decoy Flares Market - Revenue and Forecast to 2027 (US$ million)
7.4.3 EM/Chaffs
7.4.3.1 Overview
7.4.3.2 EM/Chaffs: Pyrotechnic Flares: Decoy Flares Market - Revenue and Forecast to 2027 (US$ million)
7.4.4 MTV
7.4.4.1 Overview
7.4.4.2 MTV: Decoy Flares Market - Revenue and Forecast to 2027 (US$ million)
7.4.5 Spectral/Multispectral
7.4.5.1 Overview
7.4.5.2 Spectral/Multispectral: Decoy Flares Market - Revenue and Forecast to 2027 (US$ million)
7.4.6 Kinematic Airborne Countermeasures
7.4.6.1 Overview
7.4.6.2 Kinematic Airborne Countermeasures: Decoy Flares Market - Revenue and Forecast to 2027 (US$ million)
7.5 Highly Flammable Payloads
7.5.1 Overview
7.5.2 Highly Flammable Payloads: Decoy Flares Market - Revenue and Forecast to 2027 (US$ million)

8. Decoy Flares Market - By Calibre
8.1 Overview
8.2 Decoy Flares Market, by Calibre (2019 and 2027)
8.3mm
8.3.1 Overview
8.3.2mm: Decoy Flares Market - Revenue and Forecast to 2027 (US$ million)
8.4mm
8.4.1 Overview
8.4.2mm: Decoy Flares Market - Revenue and Forecast to 2027 (US$ million)
8.5 1x1x8 Inches NATO Square Format
8.5.1 Overview
8.5.2 1x1x8 Inches NATO Square Format: Decoy Flares Market - Revenue and Forecast to 2027 (US$ million)
8.6 2x1x8 Inches NATO Square Format
8.6.1 Overview
8.6.2 2x1x8 Inches NATO Square Format: Decoy Flares Market - Revenue and Forecast to 2027 (US$ million)

9. Decoy Flares Market Analysis - By Application
9.1 Overview
9.2 Decoy Flares Market, By Application (2019 and 2027)
9.3 Fixed Wing Aircraft
9.3.1 Overview
9.3.2 Fixed Wing Aircraft: Decoy Flares Market - Revenue and Forecast to 2027 (US$ million)
9.4 Rotary Wing Aircraft
9.4.1 Overview
9.4.2 Rotary Wing Aircraft: Decoy Flares Market - Revenue and Forecast to 2027 (US$ million)

10. Decoy Flares Market - Geographic Analysis
10.1 Overview
10.2 North America: Decoy Flares Market
10.3 Europe: Decoy Flares Market
10.4 APAC: Decoy Flares Market
10.5 MEA: Decoy Flares Market
10.6 SAM: Decoy Flares Market

11. Impact of COVID-19 Outbreak
11.1 Impact of COVID-19 Pandemic on Global Decoy Flares Market
11.1.1 North America: Impact Assessment of COVID-19 Pandemic
11.1.2 Europe: Impact Assessment of COVID-19 Pandemic
11.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.1.5 South America: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development

13. Company Profiles
13.1.1 Armtec Defense Technologies
13.1.2 Key Facts
13.1.3 Business Description
13.1.4 Products and Services
13.1.5 Financial Overview
13.1.6 SWOT Analysis
13.1.7 Key Developments
13.2 Chemring Group PLC
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 TARA Aerospace AD
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 TransDigm Group Incorporated
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Elbit Systems Ltd.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 LACROIX
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Mechanical and Chemical Industry Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 SWOT Analysis
13.7.5 Key Developments
13.8 Mil-Spec Industries Corporation
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Development
13.9 Owen International
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Premier Explosives Limited
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 Rheinmetall AG
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
13.12 Rosoboronexport
13.12.1 Key Facts
13.12.2 Business Description
13.12.3 Products and Services
13.12.4 Financial Overview
13.12.5 SWOT Analysis
13.12.6 Key Developments
13.13 Ordtech
13.13.1 Key Facts
13.13.2 Business Description
13.13.3 Products and Services
13.13.4 Financial Overview
13.13.5 SWOT Analysis
13.13.6 Key Developments
13.14 MBDA
13.14.1 Key Facts
13.14.2 Business Description
13.14.3 Products and Services
13.14.4 Financial Overview
13.14.5 SWOT Analysis
13.14.6 Key Developments

14. Appendix
14.1 About the Publisher
14.2 Word Index

For more information about this report visit https://www.researchandmarkets.com/r/oap1hj

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/worldwide-industry-for-decoy-flares-to-2027---featuring-armtec-defense-technologies-chemring-group--tara-aerospace-among-others-301181170.html

SOURCE Research and Markets