About Defence Military Aircraft
Aircraft are an important part of military power as it is used for various security purpose. The defense military aircraft are either combat or non-combat. Combat aircraft are mainly used for air-to-air combat, ground attacks, etc. that destroy enemy aircraft and are capable to carry payloads of bombs & nuclear weapons. However, non-combat aircraft are used for surveillance, searching & Rescue, transport, and many more activities.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Defence Military Aircraft market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Boeing (United States), Lockheed Martin (United States), Airbus Defence and Space (Germany), General Dynamics (United States), Leonardo (Italy), Northrop Grumman (United States), Rockwell International (United States), Beechcraft (United States), Gulfstream Aerospace (United States) and Learjet (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Defence Military Aircraft market by Type (Combat Aircraft and Non-Combat Aircraft), Application (Air Combat & Counter Operations, Transportation, Surveillance, Rescue & Searching, Training and Others) and Region.
On the basis of geography, the market of Defence Military Aircraft has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
High Investment for the Development of Next-Generation Aircrafts
Market Growth Drivers:
Increasing Territorial Disputes and Political Conflicts Among Countries and Government Initiatives and Appropriate Distribution of Funds for the Development of Defense Sector
Challenges:
Less Adoption of Advanced Aircraft by Some Developing and Underdeveloped Countries Due to Lack of Funding
Restraints:
High Cost of Investment May Restrain the Country Growth
Opportunities:
Rapid Adoption of Advanced Aircrafts by Developing Countries to Strengthen Defense Sector
Market Leaders and their expansionary development strategies
In May 2023, Northrop Grumman acquires Kratos Defense & Security Solutions, a provider of advanced electronic warfare systems for military aircraft. This acquisition is expected to strengthen Northrop Grumman's capabilities in electronic warfare and electronic intelligence (ELINT).
In May 2023, India approved the development of a new Tejas MK2 fighter aircraft. The Tejas MK2 is an improved version of the Tejas MK1 fighter that is currently in service with the Indian Air Force.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Defense Military Aircraft Manufacturers, Raw Material Suppliers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.