Special Mission Aircraft Market - Global Forecast to 2020 - New Market Study Published

From: Fast Market Research, Inc.
Published: Wed Jun 01 2016

Special Mission Aircraft Market by Operation (Air Force, Naval, Army), by Application (ISR, Maritime Patrol, Anti-Surface Warfare & Anti-Submarine Warfare, Airborne Warning & Control, Search & Rescue, Refueling), and by Region - Global Forecast to 2020

Increase in terrorism & rising insurgencies is the main reason behind the rise in growth of special mission aircraft market

The special mission aircraft market size is estimated to grow from USD 10.49 billion in 2015 to USD 12.49 billion by 2020, at a CAGR of 3.5% from 2015 to 2020. The special mission aircraft market exhibits a lucrative growth potential in the regions of APAC, Africa, and the Middle East. This is due to the ongoing conflicts and the territorial disputes in these regions. The market is further driven by the increase in defense spending of developing nations such as China, India, and Brazil.

Full Report Details at
- http://www.fastmr.com/prod/1175608_special_mission_aircraft.aspx?afid=301

Intelligence, Surveillance & Reconnaissance (ISR) application is expected to gain maximum traction during the forecast period

The Intelligence, Surveillance & Reconnaissance (ISR) application is estimated to contribute the largest market share duing the forecast period. Middle East and North Africa region accounts for more than 50% of the world's oil reserves. Aerial surveillance, maritime patrol, and ISR could be used in order to discover marine oil spills, assess the location, extent and severity of spills, and to monitor the spread and movement. It is predicted that this market is going to be fueled by impressive economic growth and continued high levels of foreign direct investment.

Break-up of profile of primary participants for the report as given below

* By Company Type - Tier 1 - 55%, Tier 2 - 20% and Tier 3 - 25%
* By Designation - C level - 60%, Director level - 25%, Others - 15%
* By Region - North America - 30%, Europe - 20%, APAC - 50%

North America is expected to dominate the special mission aircraft market during the forecast period

North America is estimated to account for the largest share of the global special mission aircraft market. In recent years, Asia-Pacific region has witnessed significant economic growth with increasing security requirements. Rise in interdependencies linked to commercial trade, partnerships, and treaty obligations have increased complications and impacted overall military and economic balances. As a result, demand for special mission aircraft is growing in this region in order to monitor suspicious activities, gathering information over battlefields, patrolling oceans, monitoring navigational systems, and so on.

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