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
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Riflescopes currently are based on advanced optics and there are optics program that are working on digitalization and computerization of optics. For instance, current hunting scopes have the capability to be calibrated to specific calibres which can calculate the bullet’s arced trajectory and can be with integrated laser range finders which display the range to the target on the inside of the scope’s objective lens.
28 May 2020
The Market is estimated to be worth $1,583.1 million in 2020 and is expected to record favourable growth rates. There are more than 50,000 military aircraft in service around the globe, out of which the largest share is held by the US with around 13,000 aircraft in service .In spite of the major cuts in the defence budgets of developed economies in the past years, spending is expected to increase in the coming years owing to the rising international tensions.
11 May 2020
The global unmanned surface vehicle market was valued at US$645 million in 2019 and is expected to surpass US$2,020.8 million by 2030 (post COVID-19) while growing at a CAGR of over 11% over 2020-2030. Increasing demand for water quality monitoring and ocean data mapping along with growing need to enhance maritime security are key factors driving the growth of the global unmanned surface vehicle market.
07 May 2020
Technological advancements in automatic weapons, rise in military expenditures especially of major economies, ongoing military modernization programs worldwide, growing need for artillery systems by defence forces and increasing adoption rate of Tas-supported equipment by defence forces are some of the key factors which will positively impact the market.