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Special Mission Aircraft Market Report-Military Aviation, Commercial Aviation, UAV | ISR, Command and Control, Combat Support, Air-Launch/Rocket Launch

10-22-2020 09:40 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: ReportsnReports

The global special mission aircraft market size is projected to grow from USD 13.5 billion in 2020 to USD 18.3 billion by 2025, at a CAGR of 6.2% from 2020 to 2025. 

ReportsnReports added Latest Special Mission Aircraft Market research report estimates the market size by the end of year at a CAGR, by deep-dive analysis of the historical data for the years. The main objective of this report is to determine Special Mission Aircraft Market status, forecast, growth opportunity, market size by analyzing segments such as key market players, regional classifications, product type and application industry. Special Mission Aircraft Market also provides a comparative analysis of the market dynamics pre and post Covid19 outbreak.

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Top Company Profile Analysis in this Report- Boeing (US), Lockheed Martin (US), Dassault Aviation (France), Textron Aviation (US) and Northrop Grumman (US)

The study covers the special mission aircraft market across various segments and sub segments. It aims at estimating the size and growth potential of this market across different segments based on platform, application, type, end-user, point of sale, and region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments undertaken by them, and key market strategies adopted by them.

The special mission aircraft market includes major players Boeing (US), Lockheed Martin (US), Dassault Aviation (France), Textron Aviation (US) and Northrop Grumman (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and South America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 could affect special mission aircraft production and services by 7–10% globally in 2020.

The military aviation segment is expected to be the largest market by value. The growth of the military aviation segment of the special mission aircraft market can be attributed to the growing demand for special mission aircraft for usage in various special missions carried out by the military forces such as reconnaissance and surveillance operations.

Based on application, the air-launch/rocket launch segment is projected to be the highest CAGR rate for the special mission aircraft market during the forecast period. These special mission aircraft are provided with capabilities to carry out missions related to releasing a rocket, missile, or other aircraft payloads. The payload is often tucked under the wing of the launch aircraft.

Based on the payload type, the sensors segment is projected to be the highest CAGR rate for the special mission aircraft market during the forecast period. The optical sensors are used for military or law enforcement applications that include both visible and infrared sensors. EO/IR systems provide total situational awareness during day and night and in low light conditions. Many types of radar are used in aviation, such as area radars, surveillance radars, and approach radars. ELINT sensors support multiple operational applications such as ESM for situational awareness and real-time creation of EOB (Electronic Order of Battle), Early Warning, Passive Air Situation Picture, and in-depth analysis of the intercepted signals.

Based on the end-user, the defense segment is projected to be the highest CAGR rate for the special mission aircraft market during the forecast period. Military special mission aircraft are used for ground attack missions, air-to-air combat, and maritime/naval attack by defense forces worldwide. Various federal law enforcement agencies around the world such as the National Security Agency (NSA) (US), Federal Security Service (FSB) (Russia), National Security Council (NSC) (India), and Ministry of State Security (MSS) (China), among others, are using special mission aircraft for intelligence, surveillance, and reconnaissance (ISR) and border protection activities.

North America is projected to be the largest regional share for the special mission aircraft market during the forecast period. The US is one of the largest developers, operators, and exporters of special mission aircraft and systems, globally, and thus accounts for a large share of the North American region in the global special mission aircraft market.

North American countries it is home to prominent players manufacturing a wide range of technologically improved avionics systems and aircraft components. Leading aircraft manufacturers, such as the Boeing Company and Textron Inc., and major aircraft system and component manufacturers, such as Honeywell Aerospace, Inc., Collins Aerospace, UTC Aerospace Systems, Woodward, Inc., and Moog Inc., are headquartered in the US.

As per the Stockholm International Peace Research Institute (SIPRI), the US was the leading military spender in 2019, at USD 732 billion, which was as much as the next eight top military spender countries in 2019. Military contracts acquired by US companies such as Boeing and Lockheed Martin have generated substantial revenue for this region in the market.

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Reasons to Buy this Report-
This report is expected to help market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall Special Mission Aircraft Market and its segments. This study is also expected to provide region wise information about the applications, and wherein special mission aircraft is used. This report aims at helping the stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. This report is also expected to help them understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities influencing the growth of the market.

Table Of Contents in this Report-
1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
Figure 1 Special Mission Aircraft Market Segmentation
1.3.2 Inclusions & Exclusions
1.3.3 Years Considered For The Study
1.4 Currency
1.5 Limitations
1.6 Market Stakeholders

2 Research Methodology
2.1 Research Data
Figure 2 Report Process Flow
Figure 3 Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown Of Primaries
2.2 Factor Analysis
2.2.1 Introduction
2.2.2 Demand-Side Indicators
2.2.2.1 Increasing Demand For Special Mission Aircraft In Defense And Commercial Applications
2.2.2.2 Effective Execution Of Special Missions
2.2.3 Supply-Side Analysis
2.2.3.1 Development Of Advanced Sensors For Remote Sensing Missions
2.2.3.2 Demand For Increased Reliability Of Special Mission Aircraft
2.3 Market Size Estimation
2.3.1 Market Definition & Scope
2.3.2 Segments And Subsegments
2.3.3 Segment Definitions
2.3.3.1 Special Mission Aircraft Market, By Point Of Sale
2.3.3.2 Special Mission Aircraft Market, By Platform
2.3.3.3 Special Mission Aircraft Market, By Application
2.3.3.4 Special Mission Aircraft Payload Market, By Type
2.3.3.5 Special Mission Aircraft Market, By End-User
2.4 Research Approach & Methodology
2.4.1 Bottom-Up Approach
2.4.1.1 Oem Special Mission Aircraft Market
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
2.4.1.2 Covid-19 Impact On Special Mission Aircraft Market
2.4.1.3 Special Mission Aircraft Aftermarket
2.4.2 Top-Down Approach
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
2.4.2.1 Special Mission Aircraft Aftermarket, By Region And Country
2.4.2.2 Special Mission Aircraft Oem Market, By Application
2.5 Data Triangulation
Figure 6 Data Triangulation
2.6 Assumptions For The Research Study
Table 1 Assumptions For The Research Study
2.7 Risks

3 Executive Summary
Figure 7 Military Aviation Segment Estimated To Account For Largest Share Of Special Mission Aircraft Market In 2020
Figure 8 Special Mission Aircraft Market, By End-User, 2020
Figure 9 Intelligence, Surveillance & Reconnaissance Estimated To Account For Largest Share Of Special Mission Market In 2020
Figure 10 Asia Pacific Special Mission Aircraft Market To Grow At Highest Cagr During Forecast Period

4 Premium Insights
4.1 Increasing Usage Of Uavs In Military Operations Is Expected To Drive The Special Mission Aircraft Market From 2o20 To 2025
Figure 11 Attractive Growth Opportunities In The Special Mission Aircraft Market
4.2 Special Mission Aircraft Market, By Application
Figure 12 Intelligence, Surveillance & Reconnaissance Segment Projected To Lead The Market From 2020 To 2025
4.3 Special Mission Aircraft Market, By Country
Figure 13 China Is Estimated To Have The Highest Cagr From 2020 To 2025

and more..

 

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