NATO Military Aircraft Modernization and Retrofit Market Report 2022: Lockheed Martin, Leonardo S.p.A., BAE Systems, Boeing, and Airbus Dominating the Market - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "NATO Military Aircraft Modernization and Retrofit Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.

The Military Aircraft Modernization and Retrofit Market in NATO countries is projected to grow with a CAGR of more than 3% during the forecast period.

The NATO countries are committed to integrating new and advanced technologies in their current fleet to accomplish this in an economically affordable cross-country defense think tank. Thus, many modernization and upgrade programs are currently underway or envisioned to be initiated during the forecast period.

The aging fleet with no plausible replacement on the horizon has driven the countries to modernize the existing generation of aircraft to extend their effective life and prevent the fleet from becoming obsolete. The US and its NATO allies are therefore focusing their resources to upgrade their combat and multirole aircraft fleet with new block weaponry and systems to enhance their survivability in a rapidly emerging technological battlefield.

However, the complexity of international security challenges has become more prominent, and the economic recession in the wake of the COVID-19 pandemic is envisioned to force governments to make difficult choices in their defense budgets that will greatly affect their near- and long-term military capabilities.

Advancements in stealth technology and precision aerial weaponry are expected to create several opportunities for the market players during the upcoming period.

Competitive Landscape

The NATO military aircraft modernization and retrofit market is moderately fragmented with major players, such as Lockheed Martin Corporation, Leonardo S.p.A., BAE Systems plc, The Boeing Company, and Airbus SE dominating the market.

The stringent safety and regulatory policies in the defense segment are expected to restrict the entry of new players. However, a trend of strategic collaboration has been observed in the market wherein the market players enter into a mutual partnership to develop advanced aircraft and associated subsystems as per the specifications of the end-users.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Drivers

4.2 Market Restraints

4.3 Industry Attractiveness - Porters Five Forces Analysis

5 MARKET SEGMENTATION

5.1 By Aircraft Type

5.1.1 Fixed-Wing

5.1.2 Rotary Wing

5.2 By Country

5.2.1 United States

5.2.2 Canada

5.2.3 United Kingdom

5.2.4 France

5.2.5 Germany

5.2.6 Italy

5.2.7 Rest of NATO Countries

6 COMPETITIVE LANDSCAPE

6.1 Vendor Market Share

6.2 Company Profiles

6.2.1 Raytheon Technologies Corporation

6.2.2 L3Harris Technologies Inc.

6.2.3 BAE Systems plc

6.2.4 Lockheed Martin Corporation

6.2.5 Elbit Systems Ltd.

6.2.6 Honeywell International Inc.

6.2.7 Northrop Grumman Corporation

6.2.8 Safran SA

6.2.9 General Dynamics Corporation

6.2.10 Leonardo S.p.A.

6.2.11 The Boeing Company

6.2.12 Airbus SE

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/1g5xob