Light Attack and Reconnaissance Market Global Development, Size, Competitive Landscape and Key Country Analysis by Air Tractor, Embraer, IOMAX USA, Textron, BAE Systems, Lockheed Martin

Market Highlights:

Light attack and reconnaissance aircraft is a lightweight propeller that is deployed for ground attack, light counter-insurgency, and surveillance operations. The unfolding war scenario globally has shifted the focus of defense forces from heavy firepower toward more agile counterparts. A light attack and reconnaissance aircraft prove to be more effective in both insurgency and counter-insurgency missions. The factors that drive the market growth are greater stress on aerial ISR activities owing to treacherous border security and increasing demand for advancement in the aircraft architecture. The decelerating economy of developing countries who are unable to afford expensive aircraft is also driving the growth of this market. The continuous development of low-cost Intelligence, Surveillance, and Reconnaissance (ISR) aircraft will enable the flight operators to create light attack and reconnaissance aircraft.

However, the shortcoming in the light attack and reconnaissance aircraft market is that very few countries can maintain a fleet of such aircraft due to their cost and limitations to low threat battlefield missions. Furthermore, there is no development of substitutes. The advancement of remote-controlled drones eliminates the need for direct human interference, which prompts the buyers to opt out of procuring manned aircraft.

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Major Key Players

Air Tractor (U.S.),
Embraer (U.S.),
IOMAX USA Inc. (U.S.),
Textron (U.S.),
AHRLAC (South Africa),
Hindustan Aeronautics Ltd (India),
Hongdu Group (China),
BAE Systems (U.K),
Paramount Group (South Africa), and Lockheed Martin (U.S.).
Market Segmentation
The global light attack and reconnaissance aircraft market is segmented on the basis of type, application, take-off-weight, and region.

Market Segmentation

The global light attack and reconnaissance aircraft market is segmented on the basis of type, application, take-off-weight, and region.

By device type, the market is segmented into fixed wing and rotary wing. The fixed-wing segment comprises the largest share of the market. Fixed wing generates a lift caused by the vehicle's forward airspeed and the shape of the wings. Some fixed-wing aircraft are used by the air force to defend countries. These fixed-wing aircraft drop bombs on ground targets. Airplanes are also used by the military to see many things on the ground easily. On the other hand, rotary wing aircraft can take off and land vertically, need less space to operate, can fly very slowly at no extra cost, and can hover making them ideal for search and rescue operations.

The market is segmented into application type which is segmented into surveillance, combat, intelligence, and reconnaissance. Surveillance segment commands the largest demand in the light attack and reconnaissance aircraft market during the forecast period. Surveillance devices are used on a large-scale to detect tracing of suspicious movements of humans at night. Military surveillance equipment is used for monitoring of activities and changing environments with the views to support, protect, or direct military personnel. Surveillance equipment can include hidden cameras, closed-circuit television sets (CCTVs), and microphones or bugs. Whereas a reconnaissance aircraft is a military aircraft designed to perform aerial imagery. Their roles include a collection of imagery intelligence, and measurement and signature intelligence.

The market is segmented on the basis of take-off weight, that is >6000lbs and

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This release was published on openPR.