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)
Market Introduction
South America is focused on the modernization of its aircraft and military equipment, despite its low economic growth. The region has increased defense spending over the years owing to its rising border disputes, drug trafficking, and illegal weapon trafficking across the region. The region majorly procures its military supplies, such as missile systems, firearms, and other equipment from local defense firms. However, South America imports helicopters, submarines, armored & unmanned military vessels, and aircraft from countries, such as France, Germany, and the US. AGRALE SA, located in Brazil, is engaged in the manufacturing of defense vehicles for security purposes across South America. It supplies its manufactured products to armed forces and public security agencies across the country. The rise in the production of armed vehicles across the region is expected to increase the demand for backshells for proper electrification across the vehicles. A few of the other local military vehicle manufacturing companies are Fábrica de Armas y Municiones del Ejército (FAME) in Peru, Compañía Anonima Venezolana de Industrias Militares (CAVIM) in Venezuela, INDUMIL in Colombia, and Fábricas y Maestranzas del Ejército (FAMAE) in Chile. New product developments are also observed across the region. For instance, in November 2019, Embraer launched its new multi-mission aircraft C-390 Millennium for applications such as cargo and troop transport, cargo and paratrooper airdrop, and search and rescue operations. Thus, the rising investments by military vehicle manufacturing companies across the region on their product offering, innovation, and modernization are expected to propel the growth of the backshell market in the region during the forecast period.
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.
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Market Overview and Dynamics
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. In the manufacturing of military aircraft, vehicles, and naval vessels, manufacturers are giving significant importance to lightweight components. The lightweight of aircraft, vehicles, and naval vessels helps enhance maneuverability capabilities, which plays a vital role in the compact battlefield. Moreover, the use of lightweight components increases fuel efficiency. Currently, aluminum is getting widely used in various components to reduce the overall weight of military-grade aircraft, vehicles, and vessels. Steel is 2.5 times heavier than aluminum. Also, aluminum has a higher anticorrosion capability, and it does not require any specialized coating compared to that of steel. Further, aluminum is more malleable and elastic than steel; thus, it is considered more desirable. Further, aluminum’s performance in terms of reliability, strength, durability, mil-standards, EMI shielding, environmental protection, and strain relief that of metal and composite backshell. Thus, the increasing emphasis on the use of lightweight components along with the growing demand for military aircraft, vehicles, and vessels drives the growth of the backshell market. The aluminum backshells are gaining importance in the commercial aviation business, as the commercial (civil and general aviation) aircraft manufacturers are consistently striving hard to reduce fuel consumption and CO2 emission and increase endurance. The usage of heavier metallic components restricts the aircraft OEMs to attain the above-mentioned parameters. Owing to this, the usage of lightweight components or parts is surging among these manufacturers. As the commercial aircraft OEMs are emphasizing aluminum backshells for varied connectors, the demand for aluminum backshells is growing among the MRO service providers. Apart from the owners of the newly manufactured aircraft fleet, the owners of the existing aircraft fleet are also concentrating on retrofitting their aircraft models with lightweight and advanced aluminum backshells as these products increase the lifespan of connectors by 4% to 8%. Also, the retrofitting of aluminum backshell helps in reducing aircraft weight, thereby facilitating the aircraft fleet owners to accomplish their weight and CO2 reduction and longer endurance strategies. Due to this, the MRO service providers are increasingly procuring aluminum backshells, which is fueling the growth of the backshell market.
Key Market Segments
In terms of type, the circular segment held a larger share in 2020. Based on material, the stainless steel segment held the largest share in 2020. Based on military standard, the AS85049 series segment held the largest share in 2020. Based on application, the ground segment held the largest share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the backshell market in South America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Amphenol Corporation; Collins Aerospace; TE Connectivity; Souriau Sunbank; and Arrow Electronics, Inc. among others.
Reasons to buy report
- To understand the South America backshell market landscape and identify market segments that are most likely to guarantee a strong return
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- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form South America backshell market
- Obtain market revenue forecast for market by various segments from 2021-2028 in South America region.
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.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South America Backshell – 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. South America Backshell – Market Dynamics
5.1 Market Drivers
5.1.1 Scaling Use of Aluminium Backshell
5.1.2 Accelerated Military Expenditures
5.2 Market Restraints
5.2.1 Rigorous Regulations around MIL Spec Backshells
5.3 Market Opportunities
5.3.1 Heighten Development of Commercial Electric Aircraft
5.4 Impact Analysis of Drivers and Restraints
6. South America Backshell Market – Market Analysis
6.1 South America Backshell Market Overview
6.2 South America Backshell Market Revenue Forecast and Analysis
7. South America Backshell Market Analysis – by Type
7.1 Overview
7.2 South America Backshell Market, By Type (2020 & 2028)
7.3 Circular Backshell
7.3.1 Overview
7.3.2 Circular Backshell: Backshell Market Revenue and Forecast to 2028 (US$ Million)
7.4 Rectangular Backshell
7.4.1 Overview
7.4.2 Rectangular Backshell: Backshell Market Revenue and Forecast to 2028 (US$ Million)
8. South America Backshell Market Analysis –by Material
8.1 Overview
8.2 South America: Backshell Market, by Material
8.3 Aluminum
8.3.1 Overview
8.3.2 Aluminum: Backshell Market Revenue and Forecast to 2028 (US$ Million)
8.4 Nickel
8.4.1 Overview
8.4.2 Nickel: Backshell Market Revenue and Forecast to 2028 (US$ Million)
8.5 Stainless Steel
8.5.1 Overview
8.5.2 Stainless Steel: Backshell Market Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Backshell Market Revenue and Forecast to 2028 (US$ Million)
9. South America Backshell Market Analysis – by Military Standards
9.1 Overview
9.2 South America: Backshell Market, by Military Standards
9.3 AS85049 Series
9.3.1 Overview
9.3.2 AS85049 Series: Backshell Market Revenue and Forecast to 2028 (US$ Million)
9.4 MIL-DTL-38999
9.4.1 Overview
9.4.2 MIL-DTL-38999: Backshell Market Revenue and Forecast to 2028 (US$ Million)
9.5 MIL-DTL-83723
9.5.1 Overview
9.5.2 MIL-DTL-83723: Backshell Market Revenue and Forecast to 2028 (US$ Million)
9.6 MIL-DTL-5015
9.6.1 Overview
9.6.2 MIL-DTL-5015: Backshell Market Revenue and Forecast to 2028 (US$ Million)
9.7 MIL-DTL-26482
9.7.1 Overview
9.7.2 MIL-DTL-26482: Backshell Market Revenue and Forecast to 2028 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: Backshell Market Revenue and Forecast to 2028 (US$ Million)
10. South America Backshell Market Analysis – by Application
10.1 Overview
10.2 South America: Backshell Market, by Application
10.3 Ground
10.3.1 Overview
10.3.2 Ground: Backshell Market Revenue and Forecast to 2028 (US$ Million)
10.4 Naval
10.4.1 Overview
10.4.2 Naval: Backshell Market Revenue and Forecast to 2028 (US$ Million)
10.5 Air
10.5.1 Overview
10.5.2 Air: Backshell Market Revenue and Forecast to 2028 (US$ Million)
10.5.3 Commercial Aircraft
10.5.3.1 Overview
10.5.3.2 Commercial Aircraft: Backshell Market Revenue and Forecast to 2028 (US$ Million)
10.5.4 Military Aircraft
10.5.4.1 Overview
10.5.4.2 Military Aircraft: Backshell Market Revenue and Forecast to 2028 (US$ Million)
11. South America Backshell Market – Country Analysis
11.1 Overview
11.1.1 South America: Backshell Market, by Key Country
11.1.2 Brazil: Backshell Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.1 Brazil: Backshell Market, by Type
11.1.2.2 Brazil: Backshell Market, by Material
11.1.2.3 Brazil: Backshell Market, by Military Standards
11.1.2.4 Brazil: Backshell Market, by Application
11.1.3 Rest of SAM: Backshell Market – Revenue and Forecast to 2028 (US$ Million)
11.1.3.1 Rest of SAM: Backshell Market, by Type
11.1.3.2 Rest of SAM: Backshell Market, by Material
11.1.3.3 Rest of SAM: Backshell Market, by Military Standards
11.1.3.4 Rest of SAM: Backshell Market, by Application
12. South America Backshell Market - COVID-19 Impact Analysis
12.1 Overview
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
13.4 Merger and Acquisition
14. Company Profiles
14.1 Amphenol Corporation
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Collins Aerospace
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Arrow Electronics, Inc.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 TE Connectivity
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Souriau Sunbank (EATON)
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. South America Backshell Market Revenue and Forecast to 2028 (US$ Million)
Table 2. South America: Backshell Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: Backshell Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: Backshell Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil: Backshell Market, by Military Standards – Revenue and Forecast to 2028 (US$ Million)
Table 6. Brazil: Backshell Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Brazil: Backshell Market, by Air – Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of SAM: Backshell Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of SAM: Backshell Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of SAM: Backshell Market, by Military Standards – Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of SAM: Backshell Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of SAM: Backshell Market, by Air – Revenue and Forecast to 2028 (US$ Million)
Table 13. List of Abbreviation
LIST OF FIGURES
Figure 1. South America Backshell Market Segmentation
Figure 2. South America Backshell Market Segmentation – By Country
Figure 3. South America Backshell Market Overview
Figure 4. South America Backshell Market, by Type
Figure 5. South America Backshell Market, by Application
Figure 6. South America Backshell Market, By Country
Figure 7. Porter’s Five Forces Analysis
Figure 8. South America Backshell Market: Ecosystem Analysis
Figure 9. South America Backshell Market: Impact Analysis of Drivers and Restraints
Figure 10. South America Backshell Market Revenue Forecast and Analysis (US$ Million)
Figure 11. South America Backshell Market, by Type (2020 & 2028)
Figure 12. Circular Backshell: Backshell Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Rectangular Backshell: Backshell Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. South America: Backshell Market Revenue Share, by Material (2020 & 2028)
Figure 15. Aluminum: Backshell Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Nickel: Backshell Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Stainless Steel: Backshell Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Others: Backshell Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. South America: Backshell Market Revenue Share, by Military Standards (2020 & 2028)
Figure 20. AS85049 Series: Backshell Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. MIL-DTL-38999: Backshell Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. MIL-DTL-83723: Backshell Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. MIL-DTL-5015: Backshell Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. MIL-DTL-26482: Backshell Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Others: Backshell Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. South America: Backshell Market Revenue Share, by Application (2020 & 2028)
Figure 27. Ground: Backshell Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Naval: Backshell Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Air: Backshell Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Commercial Aircraft: Backshell Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Military Aircraft: Backshell Market Revenue and Forecast to 2028 (US$ Million)
Figure 32. Geographic Overview of Backshell Market
Figure 33. South America: Backshell Market Revenue Share, by Key Country (2020 & 2028)
Figure 34. Brazil: Backshell Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Rest of SAM: Backshell Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Impact of COVID-19 Pandemic in South America Country Markets
- Amphenol Corporation
- Collins Aerospace
- TE Connectivity
- Souriau Sunbank (EATON)
- Arrow Electronics, Inc.
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