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Light Attack & Reconnaissance Aircraft Market Size, Share, Applications and Analysis by Top Leaders: Air Tractor, Hindustan Aeronautics, Hongdu Group, BAE Systems, Paramount Group, Lockheed Martin

11-13-2018 10:27 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Light Attack & Reconnaissance Aircraft Market Size, Share,

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.
The market is segmented into device type, which in turn is segmented into fixed wing and rotary wing. The fixed-wing is widely used and 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.

The market is segmented into application type which is segmented into surveillance, combat, intelligence, and reconnaissance. Surveillance has 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.

The primary goal for light attack and reconnaissance aircraft is attacking targets in support of ground forces. The increased focus on the development of low-cost Intelligence, Surveillance, and Reconnaissance (ISR) aircraft will enable the flight operators to create light attack and reconnaissance aircraft. The factors responsible for the growth of the global light attack and reconnaissance aircraft market are greater emphasis on aerial ISR activities due to security concern on border security. Another key driver contributing to the growth of the global light attack and reconnaissance aircraft market is the increasing demand for continuous innovation in aircraft architecture.

The global light attack and reconnaissance aircraft market is segmented on type, application, take-off-weight, and region. Among device type, the fixed-wing is widely used and comprises the largest share in the market. Among application types, surveillance has 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.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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