16 May 2019
Visiongain has launched a new Electronics report Special Mission Aircraft Market Report 2019-2029: Forecasts by Type (Intelligence, Surveillance & Reconnaissance (ISR), Maritime Patrol Aircraft (MPA), Anti-Surface Warfare & Anti-Submarine Warfare (ASW), Airborne Early Warning & Control (AEW&C), Search & Rescue (SAR), Refuelling) Plus Analysis of Leading Companies and Geography (Americas, Europe, Asia Pacific and Middle East & Africa).
This report evaluates the current levels of expenditure invested in the global Special Missions Aircraft market. In the next decade, the global Special Missions Aircraft market will register strong growth. Visiongain forecasts that between 2019 and 2029, the emerging global Special Missions Aircraft market will grow at a CAGR of 8.5% from $ 12.5bn in 2019 to $28.3bn by 2029 due to a new emphasis within the Asian and European markets on special mission fleets, as well as the rising popularity of COTS special mission solutions, especially for ISR.
The boom in flying as the primary form of transportation of military capabilities in both peace and wartime will secure spending as an ongoing percentage of the military budget, increasing need for MPA and ASW fleets as conflicts around seas become more prominent e.g. South China Sea, Asia-Pacific, Indian Ocean, Mediterranean, and all the major OEMs have SM programs, involving either custom-built or modified versions of their standard platforms are few of the driving forces attributed to the growth of special mission aircraft market.
Leading companies featured in the report who are developing Special Mission Aircraft include Airbus, Boeing, Leonardo SpA, The Raytheon Company, Saab, L-3 Technologies Inc., Northrop Grumman Corporation, QinetiQ Group Plc, Lockheed Martin Corporation and others
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to firstname.lastname@example.org or call her on +44 (0) 207 336 6100.
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
Owing to availability of upgrade kits for conventional weapons, increase in investment in advanced missiles defence systems and interceptor missiles, and increase in demand for miniaturised precision guided weapons.
22 June 2021
The market for offshore oil and gas industry is expected to be driven by the increase in offshore drilling activities. This combined with high investment done in an effort to explore new reserves for oil and gas would drive the offshore oil and gas industry.
17 June 2021
The growth in asymmetric warfare has prompted government institutions to implement self-security and defensive tactics against terrorist or insurgent strikes.
17 June 2021
With advancements in technology awareness regarding usage of NextGen weapons and systems in modern warfare is increasing among armed forces of major countries.