Published on : Jun 01, 2016
ALBANY, New York, June 01, 2016: The report, titled “The Global Military Aircraft Engines Market 2016-2026,” provides a comprehensive take on the global military aircraft engines market. The researchers have analyzed the strengths, weaknesses, opportunities, and threats impacting the segments in the overall market. The research report has been compiled using primary and secondary research methodologies. According to the research report, the global military aircraft engines market is expected reach US$8.7 bn in 2016, expanding at a CAGR of 2.06% between 2016 and 2026 to reach US$11.2 bn by 2026.
According to research analysts, the global military aircraft engines market will be fueled by ongoing fleet replacement programs, aircraft upgrade projects, and modernization strategies in various parts of the world. The changing geopolitical situation and the growing need of several countries to strengthen their air force is also driving this market. Owing to these reasons, several countries are increasing their budgets to procure sophisticated engines. Countries in the Middle East and South Asia are also working on improving their budgets, which is providing an incredible boost to the global military aircraft engine manufacturers.
The observations made by the researchers indicate that between 2016 and 2026 Asia Pacific will account for a share of 27.9% in the overall market. North America will follow this trend with a share of 27.4%, while Europe is pegged to hold 26.5%. The document states that the Middle East will represent about 12.2% of the global military aircraft engines market with Latin America and Africa in tow, collectively achieving a share of 6.0% in the same period.
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Of all the types of aircrafts, combat aircraft engines are expected to account for 46.1%, while other aircraft engines will hold a 20.2% share in the global military aircraft engines market. On the other hand, rotorcraft engines and transport aircraft engines will collectively hold a share of 33.6% in the overall market.
The overall document presents a fair evaluation of modernization plans and spending patterns of countries playing an important role in the global military aircraft engines market. To highlight the trajectory of this market, the research report also studies the challenges and developments in this market along with stating the technological developments in the market. Furthermore, the research report provides a thorough evaluation of changing industry structure and purchasing participants, which are proving to be both drivers and restraints for this market.
The research report provides a fair analysis of the competitive landscape in the global military aircraft engines market. It lists the key players operating therein and states their financial overview. Additionally, the report provides an assessment of the research and development activities, investment outlook, management styles, and expected strategic mergers and acquisitions of these companies.
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