MILITARY AIRCRAFT MARKET ANALYSIS

Military Aircraft Market, By Type (Fixed Wing and Rotary Blade), By Application (Combat, Military Transport, Airborne Early Warning & Control, Reconnaissance & Surveillance), By Payload (Below 50 tons, 51 to 100 Tons, 101 tons and Above), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : May 2024
Code : CMI5311
Pages :170
Formats :
Excel and PDF
Industry : Aerospace and Defense

Market Challenge: Defense budgets across major economies are declining due to cost-cutting pressures.

Defense budgets across major economies are declining due to cost-cutting pressures. This reduction in spending impacts procurement of new platforms.

High investment and maintenance costs associated with military jets pose significant financial burdens. Geopolitical tensions among world powers introduce unpredictability in defense planning. Changing nature of warfare also increases uncertainty regarding future requirements.

Market Opportunity: Growing threats of terrorism and regional conflicts raise security concerns

Growing threats of terrorism and regional conflicts raise security concerns, incentivizing upgrade of ageing fleets. There has been rising demand for capabilities like network-centric warfare, C4ISR systems and unmanned aircraft. New technologies offer potential for lower maintenance and production costs. Additionally, countries are cooperating more on co-development and exports to optimize resources.