Published on : Apr 06, 2016
ALBANY, New York, April 06, 2016: The report provides a succinct overview of trends, opportunities, and growth imperatives that will influence the progression of the global military fixed-wing aircraft industry in the forecast period. Moreover, in this report, demand analysis and forecast estimates for the military fixed-wing aircraft industry are provided for North America, Europe, Asia Pacific, Africa, and the Middle East. This industry is evaluated from a competitive standpoint as well in this report.
A fixed-wing aircraft, as the name suggests, is an aircraft with wings that do not display a rotary motion and are permanently attached to the fuselage. In fixed-wing aircraft, the machine is propelled by the vehicle’s forward airspeed, with the wings helping it maintain direction and stability. These are distinct from rotary-wing aircraft, which use lift generated by wings that are mounted on a spinning shaft. For military transport and cargo operations, both fixed-wing and rotary-wing aircraft are used to airlift troops, weapons, and miscellaneous military equipment.
According to the report, the global military fixed-wing aircraft market will be worth US$88.9 bn in 2026, increasing from US$61.2 bn in 2016 at a CAGR of 3.81% therein. The report analyzes relevant factors and provides a pin-point analysis of growth patterns in the regional segments of this market. For instance, North America dominates the market with a 33% share in the overall market, followed by Asia Pacific and Europe, with both holding a 25% share in this market.
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The market for military fixed-wing aircraft is segmented into multi-role aircraft, surveillance aircraft, training aircraft, transport aircraft, and bomber aircraft. Of all, multi-role aircraft lead the market and are expected to register a CAGR of 5.17% for the 2016-2026 period. The segment accounts for a whopping 56.8% share in the global market.
Transport aircraft are the second largest product segment of this market. Surveillance aircraft are expected to exhibit a modest growth during the forecast period. Transport and surveillance fixed-wing aircraft are expected to hold a share of 24% and 8.8%, respectively, in the global market by the end of the 2016-2026 forecast period. Bombers and training aircraft represent the remaining 10.4% of the global market.
The report is distinguishable due to an in-depth analysis of demand drivers, trends, technological developments, and key challenges that will govern the growth of the military fixed-wing aircraft industry during the forecast period. The report says that due to the ongoing global turbulence, internal and external security issues, fleet replacement programs, territorial disputes, and modernization strategies, the global market for military fixed-wing is being propelled. In addition, emerging economies in South Asia and the Middle East are heading towards modernization of military operations, which includes replacing obsolete machines with new ones. The increased defense expenditures in these countries hold promise for the overall market.
The report mentions top vendors in the global military fixed-wing market, which are Lockheed Martin, Boeing, Northrop Grumman, Embraer, Russian Aircraft Association, Alenia Aermachhi, Sukhoi, Saab, Airbus Defense and Space, Dassault Aviation, Pilatus Aircraft Ltd., Eurofighter, and Hindustan Aeronautics Limited.
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