DUBLIN--(BUSINESS WIRE)--The "Global Military Fixed-Wing Aircraft Market 2018-2028" report has been added to ResearchAndMarkets.com's offering.
Global Military Fixed-Wing Aircraft Market 2018-2028, offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for military aircraft, key market trends, and challenges faced by industry participants.
A large number of countries across the globe are expected to invest heavily on replacing their fleets of aging aircraft. For instance, after the wars in Iraq and Afghanistan, the US and other allied countries in Europe, Asia-Pacific, Latin America, and the Middle East were left with a worn-out and damaged base of aircraft and other military equipment. This has resulted in the need for large-scale upgrade and replacement programs. Defense spending in Europe, Africa, and Latin America will also be largely driven by the need to replace aging fleets of aircraft.
The primary forces driving large scale military modernization plans in this region are territorial disputes and the high threat of terrorism. A significant increase in Chinese defense spending has led other countries in the region to increase their defense budget in order to maintain a balance of military power in the region.
- The Military Fixed-Wing Aircraft Market is projected to register a CAGR of 4.71% over 2018-2028.
In terms of categories, the multi-role aircraft segment is anticipated
to account for the largest share of expenditure globally, with a
market share of 62% followed by the transport aircraft segment with a
share of 20.5%. Bombers and Reconnaissance and surveillance aircraft
are anticipated to account for the third and fourth largest segments
of expenditure with a share of 6.8% and 6.3% respectively over the
forecast period. The remaining market share of 4.4% is expected to be
constituted by the training aircraft sub-sector.
- The Boeing Company
- BAE Systems
- Northrop Grumman Corporation
- Airbus Defence and Space
- Lockheed Martin Corporation
- Dassault Aviation
- Russian Aircraft Corporation
- Pilatus Aircraft Limited
- Alenia Aermachhi
- Hindustan Aeronautics Limited (HAL)
For more information about this report visit https://www.researchandmarkets.com/research/v2vf77/military?w=4