Global RF Cable Market for Aerospace & Defense Industry to Grow on Account of Increasing Aircraft Shipments Globally; Market to Grow with a CAGR of 4.6% During 2021-2030
Kenneth Research has released a report titled “ RF Cable Market for Aerospace & Defense Industry : Global Demand Analysis & Opportunity Outlook 2030” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market. The total shipments of single-engine piston aircraft, multi-engine piston aircraft, turboprops, and business jets, according to the statistics by the General Aviation Aircraft Shipment (GAMA), grew from 781 units, 108 units, 368 units, and 763 units respectively in the year 2010 to 1111 units, 213 units, 525 units, and 809 units respectively in the year 2019. The statistics portray the growing shipment of aircraft worldwide, especially amongst the airline operators, backed by the rising preference for air travel amongst individuals.