Military Aircraft Market to be dominated by Asia-pacific region through 2027
The rise in cross-border
conflicts and the adoption of advanced technologies by manufacturing companies
are expected to drive the demand for the global military aircraft market in the
forecast period, 2023-2027.
According to TechSci Research
report, “Military Aircraft Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global military aircraft market is
anticipated to witness impressive growth in the forecast period, 2023-2027.
A military aircraft consists
of both combat and non-combat aircraft. The combat aircraft is designed and
developed by the armed forces and can attack and destroy the enemy by using
their own weapons and surveillance techniques. And the non-combat aircraft are
used in the training of military personnel and for transportation purposes.
These are used by the special security forces, paramilitary forces, military
forces, and border patrol enforcement groups, amongst others. Manufacturing and
research, and development activities are dependent on the government defense
expenditure.
With the rise in tensions
across borders, countries are working on enhancing their aerial combat
capabilities. The majority of the countries have replaced their aging fleet and
upgraded their fighter jets into new-generation aircraft with advanced
features. The focus of the manufacturers is shifting towards fifth and
sixth-generation military aircraft, and several countries still do not have
fifth-generation aircraft at their disposal. The rise in the manufacturing of
advanced military aircraft integrated with novel technologies is expected to
boost the demand for the global military aircraft market in the forecast
period.
However, the growing
popularity of unmanned aerial vehicles may restrain the global military
aircraft market growth in the forecast period. Browse over XX market
data Figures spread through 110 Pages and an in-depth TOC on "Global
Military Aircraft Market"
https://www.techsciresearch.com/report/military-aircraft-market/10663.html
The global military aircraft
market is segmented into type, application, payload, regional distribution, and
competitive landscape.
Based on type, the market is
divided into fixed wing and rotorcraft. Fixed wing aircraft are expected to
hold the largest market share in the forecast period. The growing demand for
the expansion of the aircraft fleet and increase in defense expenditure by the
developing countries are driving the demand for fixed wing military aircraft.
Fixed wing aircraft use comparatively less fuel than its counterpart and can
fly at a higher speed. They have less maintenance and operational costs and are
considered more reliable. Fixed wing aircraft have a longer range than
rotorcraft of similar range and are easy to pilot. The advantages offered by
fixed wing aircraft are accelerating their demand across the world.
On the basis of regional
analysis, the Asia-pacific region is expected to capture the highest market
share in the forecast period, 2023-2027. The rise in military expenditure by
countries like China and India fuels the demand for new military aircraft
across the region. Major countries are looking for solutions that can modernize
and increase their capabilities. The growing demand of leading authorities to
expand their air force fleet is expected to drive the demand for the global military
aircraft market in the next five years.
Major market players
operating in the global military aircraft market are:
·
Airbus
SE
·
The
Boeing Company
·
Leonardo
SpA
·
Lockheed
Martin Corporation
·
Northrop
Grumman Corporation
·
Textron
Inc.
·
Saab
AB
·
BAE
Systems PLC
·
Hindustan
Aeronautics Limited
·
Korea
Aerospace Industries
Download Sample Report@ https://www.techsciresearch.com/sample-report.aspx?cid=10663
Customers can
also request for 10% free customization on this report.
“Market players are investing
significantly in research and development activities to advance air
transportation services and upgrade the existing aircraft fleet, which is
expected to create new avenues for the global military aircraft market in the
forecast period. Integration of technologically advanced communication systems
in aircraft allows the transfer of real-time data, which helps track the
aircraft. Novel transport aircraft are equipped with essential equipment and
safety & security systems to provide safer cargo transportation services.
Leading authorities and manufacturers are entering into contracts &
agreements to offer new aircraft carriers to provide aftersales services to
modernize the existing fleet, which is expected to propel the global military
aircraft market growth till 2027” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Military Aircraft Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented
By Type (Fixed Wing, Rotorcraft), By Application (Military Transport, Cargo
Supply, Others), By Payload (Below 50 Tons, 51 Tons to 100 Tons, 101 Tons and
Above), and By Region”, has evaluated the future
growth potential of global military aircraft market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global military aircraft market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Website: https://www.techsciresearch.com