866-997-4948(US-Canada Toll Free)

The global military aircraft market is slated to witness a moderate growth in the coming years. This is because the post war scenario in Afghanistan and Iraq has compelled the U.S. and its allied European and Asian countries to invest in new aircrafts as their military equipment and aircrafts have been severely damaged. One of the factors driving the growth of this market is the increasing expenditure on technologically advanced military aircrafts. Another factor boosting the growth of the global military aircraft market is the rise in terrorist activities, growing turmoil, security threats that are both internal and external, among others. The rise in the territorial disputes is also fueling the need for military aircrafts. Moreover, fleet replacement programs by governments and military are also boosting the demand for military aircrafts. Modernization strategies implemented so as to upgrade old and worn out aircrafts with new and powerful ones are also expected to encourage the growth of the market.