DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Special Mission Aircraft Market by Operation, by Application and by Region - Global Forecast to 2020" report to their offering.
The special mission aircraft market size is estimated to grow from USD 10.49 billion in 2015 to USD 12.49 billion by 2020, at a CAGR of 3.5% from 2015 to 2020. The special mission aircraft market exhibits a lucrative growth potential in the regions of APAC, Africa, and the Middle East. This is due to the ongoing conflicts and the territorial disputes in these regions. The market is further driven by the increase in defense spending of developing nations such as China, India, and Brazil.
Intelligence, Surveillance & Reconnaissance (ISR) application is expected to gain maximum traction during the forecast period
The Intelligence, Surveillance & Reconnaissance (ISR) application is estimated to contribute the largest market share duing the forecast period. Middle East and North Africa region accounts for more than 50% of the world's oil reserves. Aerial surveillance, maritime patrol, and ISR could be used in order to discover marine oil spills, assess the location, extent and severity of spills, and to monitor the spread and movement. It is predicted that this market is going to be fueled by impressive economic growth and continued high levels of foreign direct investment.
Special mission aircraft represents a diverse segment of the military aircraft market. Although this segment includes maritime patrol aircraft designed for direct combat with enemy forces, it is dominated by aircraft that are designed to support and increase the effectiveness of combat aircraft in operations against the enemy.
- Israel Aerospace Industry Ltd. (IAI)
- Lockheed Martin Corporation
- Northrop Grumman
- SAAB AB
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Special Mission Aircraft Market, By Operation
7 Special Mission Aircraft Market, By Application
8 Geographic Analysis
9 Competitive Landscape
10 Company Profiles
For more information visit http://www.researchandmarkets.com/research/g5pw47/special_mission