Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Military Transport Aircraft Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Military
Transport Aircraft Market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and global Military Transport Aircraft Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Military
Transport Aircraft Market is offered. In
accordance with the report, the global Military Transport Aircraft Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
Military
Transport Aircraft also familiar as Military Cargo Aircrafts, are used to air
transport military forces and military apparatus across different military
check-posts or regions around globe. Military transport aircraft are basically
designed to provide assistance to military operations. Military transport aircrafts
include Airbus A330 MRTT, Airbus A400M, Alenia C-27J
Spartan, Boeing C-17 Globemaster III, Embraer KC-390, Ilyushin Il-78M-90A,
Ilyushin Il-112, Lockheed Martin C-130J Super Hercules, and Lockheed Martin
C-130J Super Hercules.
Market Drivers
The growing
expenditure on military and defense and the surging importance of provisioning
government budget on the armed forces are primarily driving the demand for
military transport aircraft and also the growth of this market. This rising
expenditure not only increases the present consumption of military aircrafts
but also the future consumption.
The
need to replace military transport aircraft because of the long time span it
has already served and fall in productivity of the over-the-hill military
transport aircrafts are generating demand for new aircrafts from the defense
sector and is fueling the growth of this market. Aircrafts of certain countries
are operating for than 50 years and now need retirement from operation. The
need to replace old military transport aircraft is rising because the age-old
aircrafts are not up-to-date and incapable of providing the necessary
technically advanced functions that are currently demanded to face new defense
related challenges.
The
surging political and geographical unrest between countries is empowering the
growth of this market. Asia-Pacific region is facing the tremendous border
tensions and war for the acquirement of lands. The rising incidences of island
capturing and land grabbing in South America and other Asian countries is
laying down paths for the incrementing need of surveillance and patrolling.
With the broadening of the terrorist’s base and their regularity of attacking
different nations calls for combatting the terrorists and the eradication of
the terrorism which is providing impetus to this market.
Apart
from this the race of creating and setting up a full furnished defense and
military structure is thriving the growth of this market. Many countries are
getting involved in this race not only to ensure competitiveness but also for
security concerns like any future battles can be well fought and that no
countries lag behind in the context of national security.
Market Restraints
The
surging needs to be equipped with Unmanned ariel equipment (UAVs) is hindering the
growth of the prospecting military transport aircraft. UAVs are potent of
combat operation, target acquisition, surveillance, delivery and transportation
and delivery and transportation. Moreover, it ensures the safety of the
military personnel. Military transport aircrafts are inferior to UAVs when it
comes to discharging the above-mentioned functions and facing stumbling blocks.
The
defense sector has to face strict directives of the government due to risky
flight operations. The manufacturer’s freedom of action with regard to the
production of military transport aircraft are guided by inflexible norms of
national and international organizations. One such international organization
is International Civil Aviation Organization (ICAO).
Opportunities
The
political and geographical unrest between different countries of different
regions and the reproduction of terrorists and their breeding grounds expansion
is likely to be a great opportunity for this market.
The
unfavorable environmental conditions like the earthquakes, tornados, floods and
many more calls for military assistances like evacuation which can be only made
possible by movement in the air. This will consequently raise the future demand
for military transportation aircrafts.
Trends
The
Asia-Pacific region is likely to be the fastest emerging market for the
military transport aircraft market. This is because of the fact that this
region comprises of India and China. India and China are one of the companies
that are ranked with the top five countries spending on defense. In course of
time, India, China, Japan, New Zealand are likely to expend more on military
transport aircraft because of the need to replace old aircrafts, and broaden
the military structure to top the military establishment race. Also, the
leading manufacturers are focusing on the production of highly equipped
military transport aircraft. But North America is projected to acquire a
dominant market for this product. In fact, half of the demand for unmanned and
manned aircrafts is estimated to originate in United States. Europe is also
estimated to be enlarge expenditure on defense because of political tensions,
geographical unrest and security risks.
Segment Covered:
This market
intelligence report on the global Military Transport Aircraft Market encompasses market segments based on product type,
product wing type, application, and country.
By
Product Type the global Military Transport Aircraft Market has been divided
into:
q Tactical Transport Aircraft
q Strategic Transport Aircraft
By Product Wing Type the global Military
Transport Aircraft Market has been divided into:
q Fixed-Wing Aircraft Market
q Rotary Wing Aircraft Market
By Application the global Military Transport
Aircraft Market has been divided into:
q Transportation
q Emergency Services
q Combat Operation
q Command and Control
q Surveillance, Intelligence and
Reconnaissance
q Other Application
By country/region,
the global Military Transport Aircraft Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q Korea Aerospace
Industries
q Sukhoi
Corporation
q Bell
Textron Inc
q Airbus
S.A.S.
q Hindustan
Aeronautics Limited
q GE
Aviation
q Saab AB
q Embraer S.A.
q The Boeing Company
q Lockheed Martin Corporation
q Dassault Aviation SA
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Military Transport Aircraft Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
Textron Aviation
In July 2020,
Textron Aviation was chosen to provide two Beechcraft King Air 350Cs to serve
air ambulance mission at Greece. The ownership of exceptional
mission-configured turboprop twins would be transferred to Greece Ministry of
Health and employed and maintained by Hellenic Air Force.
Airbus S.A.S.
The Airbus DS
Military Aircraft Inc, was awarded a USD 10 million contract from the US Army’s
SOCOM for the alimentation and improvement of CASA 212-200 CC60 Aircraft on
August 2020.
Lockheed Martin Corporation
Lockheed Martin
Corporation received a contract from US Department of Defense for the shipment
of 478 F-35 Aircraft on October 2019. This contract will lead to the attainment
of 12.7% average cost reduction on all variations of F-35 aircraft.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Military
Transport Aircraft Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Military Transport Aircraft Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Military Transport Aircraft caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Military
Transport Aircraft Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number of
examples and case studies have been taken into consideration before coming to a
conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Military Transport Aircraft Market
v
Identification
of key factors driving investment opportunities in the Military
Transport Aircraft Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants