QY Research has published a new report that provides a detailed study on the global military aircraft market. It studies the impacting of trends in the report, titled “Global Military Aircraft Market Report, History and Forecast 2014-2025.” The report includes details of emerging trends, sales channel, growth drivers, market shares of companies and segments, and profiles of top players. The report also includes the competitive landscape and analyze their business strategies for expanding their business in an untapped market to increase their customer base. The report has also emphasized on providing segment analysis in a detailed manner for a better understanding of the overall military aircraft market. One of the key aspects covered under the report is an in-depth evaluation of several markets fall under the purview of the aerospace and defense industry and its growth prospects in the coming years.
QY Research states that the global military aircraft market is likely to reach US$61574.8 mn by 2025 from US$54443.3 mn in 2018. The market will register a CAGR of 1.69% between 2019 and 2025.
Global Military Aircraft Market: Drivers
The global military aircraft market will witness significant growth due to growing military spending fuelled by the on-going territorial disputes and political conflicts to strengthen the military capabilities throughout the forecast period. Factors such as in-going fleet modernization, replacement of aging aircraft, and aircraft life extension plans are expected to propel the growth of the market. The development of advanced and stealthier aircrafts may attract a lot of countries to procure aircrafts in order to strengthen their aerial defense, which will further boost the market growth. Moreover, the military aircraft is mainly used for rescue and search operations. In recent years, rise in natural calamities has upped the demand for military aircrafts. The perpetual political volatility has also increased the demand for military aircraft in recent years.
Global Military Aircraft Market: Segment Analysis
The global military aircraft market is segmented into product type and application. The product type segment includes non-combat aircraft and combat aircraft. The application segment includes military exercises, search and rescue, national defense, and others.
Global Military Aircraft Market: Regional Analysis
Asia Pacific will grab a remarkable market share in military aircraft due to rapidly growing military spending in emerging economies such as China and India. North America is also expected to grow the military aircraft market because of technological advancements.
Global Military Aircraft Market: Key Players
Pilatus Aircraft, Lockheed Martin, Korea Aerospace Industries, AVIC, Kawasaki Heavy Industries, Boeing, Embraer, Airbus, Leonardo SpA, United Aircraft Corporation, and Mitsubishi Heavy Industries are the major players that are operating in the global military aircraft market.
Global Military Aircraft Market: Competitive Landscape
A 2-ton civil helicopter, AC311A is developed by Avicopter is expanding its capability in airlifting and firefighting missions. AC311A can function during night and day environment for a broad range of missions, such as air sight-seeing, transportation, police enforcement, power line patrol, news reporting, and forest fire protection. Companies are adopting the product development strategies to attract customers and attain a higher revenue.
Full Report Overview@ https://www.qyresearch.com/index/detail/1112136/global-military-aircraft-market