The Global Military Fixed-Wing Aircraft Market 2017-2027
The Global Military Fixed-Wing Aircraft Market 2017-2027
Global Military Fixed-Wing Aircraft Market is projected to register a CAGR of 4.71 % over 2017-2027, growing from US $ 60.3 billion in 2017 The cumulative market for global expenditure on military aircraft is estimated at US $ 846 billion over the forecast period. The expenditure on military aircraft is expected to be driven by the ongoing global turmoil, internal and external security threats, fleet replacement programs, modernization strategies and territorial disputes across the world.
In terms of segments, multi-role and transport aircraft are expected to account for 59.3 % and 23 % of the military aircraft market respectively, followed by reconnaissance and surveillance aircraft and bombers, with a cumulative share of 12.5 %. In order to counter the rising price of US and European made fighter jets, extensive indigenous multi-role platform development programs are being implemented by nations such as India, South Korea, Pakistan, and Japan, which is expected boost the multi-role market over the forecast period.
The report“ The Global Military Fixed-Wing Aircraft Market 2017-2027” offers detailed analysis of the global military aircraft market over the next ten years, and provides market size forecasts. Furthermore, it covers key technological and market trends in the industry, and analyzes factors influencing demand for military aircraft. Additionally, the report also highlights challenges faced by industry participants.
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