Nov 11, 2020, 02:36 EST
Shibuya-ku, Tokyo, Japan, Japan, Nov 11, 2020, 02:36 /Comserve / -- Special Mission Aircrafts are designed or modified for special mission or a purpose beyond its primary intended use.
Special Mission Aircrafts are designed or modified for special mission or a purpose beyond its primary intended use. Special mission aircrafts are used for many applications, both military as well as non-military and has four broad categories in which Special Mission Aircrafts can be grouped, Light Military, Munitions Military, Government and Public Service. The rising geopolitical tensions and increasing government investment in aerospace and defense are the few factors responsible for growth of the market over the forecast period. For instance: as per U.S. Aerospace & Defense, the U.S. aerospace & defense is generating trade of USD 552.3 billion in 2017 and is increased by USD 621 billion in 2018. Furthermore, Germany increased its 2019 defense budget by 10% over 2018 to USD 53 billion and expects to further increase its budget to USD 56.4 billion for 2020. Thus, increasing government investment in aerospace & defense industry will drive the growth of the market. However, the lengthy period of product certification from aviation authorities is the major factor restraining the growth of global Special Mission Aircraft market during the forecast period.
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The regional analysis of global Special Mission Aircraft market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the the fast adoption of new technology, massive defense spends in the U.S., which boasts of the biggest air force in the world and hence has the largest fleet of special mission aircraft. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Lockheed Martin Corporation
Dassault Aviation SA
Textron Aviation Inc.
Northrop Grumman Corporation
Elbit Systems Ltd.
Israel Aerospace Industries Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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Surveillance And Reconnaissance
Anti-Surface Warfare and Anti-Submarine Warfare
Airborne Early Warning Control
Search and Rescue
Rest of the World
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Shibuya Data Count
Tel: + 81 3 45720790
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