South America Backshell Market Growth Opportunities and Forecast by 2028
South America Backshell Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Circular Backshell and Rectangular Backshell), Material (Aluminum, Nickel, Stainless Steel, and Others), Military Standards (AS85049, MIL-DTL-38999, MIL-DTL-83723, MIL-DTL-5015, MIL-DTL-26482, and Others), and Application (Ground, Naval, and Air)
- Status : Published
- Report Code : TIPRE00025322
- Category : Aerospace and Defense
- No. of Pages : 111
- Available Report Formats :
- Last update date : October 11, 2021
2021 Market Size
US$ 42.48 Mn
Base year value
2028 Forecast
US$ 50.68 Mn
Projected by 2028
CAGR 2022-2028
2.6 %
Growth rate
Addressable Market
US$ 329.95 Mn
(2022-2028)
The backshell market in South America is expected to grow from US$ 42.48 million in 2021 to US$ 50.68 million by 2028; it is estimated to grow at a CAGR of 2.6% from 2021 to 2028.
As world warfare continues to emerge in different ways, various nations plan and undertake measures to improve and recapitalize their defense status. Threats are continually evolving, i.e., from the conventional land-based force on force to hybrid warfare. To address security threats and tackle terrorism, governments of several nations have already started to increase their defense budgets. A substantial amount of military budget is getting allocated for the procurement of advanced military carrier and combat aircraft, vehicles, and naval vessels. The AS85049 Series, MIL-DTL-38999, MIL-DTL-83723, MIL-DTL-5015, and MIL-DTL-26482 are a few major military-grade connectors that are widely used across the components of advanced military carrier and combat aircraft, vehicles, and naval vessels. To safeguard the connectors, several backshells with a similar military grade to the above-mentioned connectors are being produced by various manufacturers. This is catalyzing the growth of the backshell market in the current scenario. From the production perspective of military aircraft, military ground vehicles, and naval ships, the production volume is surging at a decent rate, which is supporting the growth of the backshell market.
In the South America, Brazil has the highest number of COVID-19 confirmed cases, followed by other countries such as Colombia, Argentina, and Peru. The governments of various countries in South America are taking several initiatives to protect people and control COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. These measures are expected to have a direct impact on the region’s economic growth as the region will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to major trading partners such as China, Europe, and North America. Similarly, the region also experienced a sharp decline in sales of backshell owing to the reduction in demand for aircrafts and temporary closure of their manufacturing facilities. Thus, the above-mentioned factors have adversely impacted the growth of the backshell market in the region.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America backshell market. The South America backshell market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
South America Backshell Market Segmentation
South America Backshell Market – By Type
- Circular
- Rectangular
South America Backshell Market – By Material
- Aluminum
- Nickel
- Stainless Steel
- Others
South America Backshell Market – By Military Standard
- AS85049 Series
- MIL-DTL-38999
- MIL-DTL-83723
- MIL-DTL-5015
- MIL-DTL-26482
- Others
South America Backshell Market – By Application
- Ground
- Naval
- Air
- Commercial Aircraft
- Military Aircraft
South America Backshell Market – By Country
- Brazil
- Rest of SAM
South America Backshell Market – Companies Mentioned
- Amphenol Corporation
- Collins Aerospace
- TE Connectivity
- Souriau Sunbank (EATON)
- Arrow Electronics, Inc.
South America Backshell Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 42.48 Million |
| Market Size by 2028 | US$ 50.68 Million |
| CAGR (2021 - 2028) | 2.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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