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Global Military Aircrafts Modernization and Retrofit Market

  • Published Date: 19 Mar 2018
  • Number of Pages: 215
  • Category: Defense
  • Country: Global
A military aircraft is any fixed-wing or rotary-wing aircraft that is operated by a legal or insurrectionary armed service of any type. They are used for combat missions or for the transportation of military personnel and military supplies. Many of the global military aircraft fleets are in service for decades. This fleet of aircraft is getting older and is getting closer to becoming obsolete. There is a serious need to get the fleet upgraded and retrofitted with modern aircraft systems, to extend their service life for modern combat situations and strategic missions.

Market Dynamics

The global military aircraft market is undergoing a major period of transition.Military forces across the globe are renewing their military aircraft fleets to keep pace with the changing nature of modern warfare. Such growing requirement for advanced military aircraft is a major factor driving the market growth. Many defence authorities are also focusing on renovating their older military airborne fleet with enhanced and upgraded CNS(communication navigation surveillance) systems. Also, several surveillance systems are being installed in airplanes as emergency warning systems to enhance aircraft situational awareness of pilots and reduce their workload.

Military aircraft manufacturers are also significantly spending on R&D, leading to the growth of technologies to increase speed, destructive force, power and stealth capabilities. Autopilot landing systems is the new trend in the market, which could help during rough weather.

Market Segmentation

The Global Military Aircraft Modernization market can be segmented on the basis of its product type and geography. By the type the market can be segmented into Combat aircraft andTransport aircraft, of which the combat aircraft segment dominated the market and is expected to occupy the largest market share by 2020. Combat airplanes play the most significant role in battlegrounds and are immensely overused by armed forces. These aircraft are used for countering enemy attacks as well as launching attacks on enemy grounds. This has propelled several defence ministries to focus on fitting the jets with the most advanced offensive and defensive mechanisms and equipment.

Geographical Analysis

Geographically is segmented into North America, South America, Europe, Middle East & Africa and Asia Pacific. The global military aircraft market is undergoing a major period of transition. United States of America which is by far the biggest spender on military aircraft is now reducing its defence expenditure and plans to reduce its defence expenditure by up to 20% in the next decade. This will give a boost to the retrofit and aircraft modernization market in the region, as the country will increasingly spend lesser amounts on new aircraft.

Key Players

Leading players in the market are -
--> Boeing
--> Elbit Systems
--> IAI
--> Lockheed Martin
--> Rockwell Collins

Other prominent player in the military aircraft modernization and retrofit market includes BAE Systems, Dassault Aviation, Leonardo-Finmeccanica, Northrop Grumman, and Thales Group.

Opportunities

Increased utilization of COTS systems in military aircraft will offer growing opportunities for commercial suppliers to enter the military aircraft modernization and retrofit market.

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada


> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America


> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe


> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe


> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific


> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa



This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

Publisher Name : Market Litmus

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