Global Light Attack and Reconnaissance Aircraft Market to grow at a CAGR of 3.49% during the period 2017-2021
The main objective of this report is to define, describe, and forecast the global “Light Attack and Reconnaissance Aircraft” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
About Light Attack and Reconnaissance Aircraft
Light attack and reconnaissance aircraft are deployed for light counter-insurgency, ground attack, and surveillance operations. Conventional military aircraft with heavy armor and high-intensity munitions are very expensive, and only a few countries can afford to maintain a fleet of such aircraft. Although many countries require such aerial platforms for their defense, they are constrained by their limited defense budgets. Some countries have very low specification requirement but are forced to operate expensive, high-spec aircraft due to the lack of low-cost light aircraft. Adoption of light attack and reconnaissance aircraft is a viable option for such countries.
Technavios analysts forecast the global light attack and reconnaissance aircraft market to grow at a CAGR of 3.49% during the period 2017-2021 .
Covered in this report
The report covers the present scenario and the growth prospects of the global light attack and reconnaissance aircraft market for 2017-2021 . To calculate the market size, the report considers the new developments and procurements of light attack and reconnaissance aircraft by the defense agencies of countries.
The market is divided into the following segments based on geography:
Technavio's report, Global Light Attack and Reconnaissance Aircraft Market 2017-2021 , has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Other prominent vendors
Hindustan Aeronautics Limited (HAL)
Decelerating economy of developing countries
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Development of substitutes
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Development of cheaper export variant aircraft by developing countries
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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