Dublin, Dec. 03, 2024 (GLOBE NEWSWIRE) -- The "Sector Analysis: Global Military Fixed Wing Aircraft Market Size and Trend Analysis including Segments (Combat Aircraft, ISR Aircraft, Training & Light Attack Aircraft, Transport Aircraft, and Tanker Aircraft), Key Programs, Competitive Landscape and Forecast, 2024-2034" report has been added to ResearchAndMarkets.com's offering.
The Global Military Fixed Wing Aircraft Market report provides the market size forecast and the estimated compound annual growth rate (CAGR) for the next ten years. The report covers industry analysis, including the key market drivers, trends, emerging technologies, and major challenges faced by industry participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for the military fixed wing aircraft market over the forecast period.
Over the decade, the military fixed wing aircraft market is bound to witness radical change due to increasing demand for fifth-generation combat aircraft. Countries have already initiated their modernization drives, with plans laid down to replace aging fleets with the latest capabilities for relevance well into the 2050s. Mid-cycle upgrades have been focusing on extending the life of the fleet by up to a decade. Many countries are focusing on indigenous design and manufacturing, reducing their reliance on foreign suppliers of military weapons. Due to the exorbitant expenses of obtaining foreign aircraft, some emerging military powers are also focusing on indigenous military aircraft production initiatives.
Procurement programs are being devised with emphasis on a lower operational cost over the life of the platform and an affordable acquisition cost, while also ensuring incorporation of recent developments in avenues of low observable technology and intelligence collection capabilities, which will also influence the demand for military fixed wing aircraft over the forecast period.
The combat aircraft segment is expected to be the largest segment and account for 75.3% of the global military fixed wing aircraft market over the forecast period. The combat aircraft segment is expected to receive robust investment over the forecast period, owing to the growth in procurement of next-generation multi-role combat aircraft with advanced sensors, electronic warfare, communication, and weapon systems. Several countries have already initiated programs to replace their aging 3rd and 4th generation aircraft with 4.5 and 5th generation combat aircraft to maintain combat effectiveness and enhance capability. According to Harshavardhan Dabbiru, Defense Analyst "many countries are focusing on indigenous design and manufacturing of combat aircraft, reducing their reliance on foreign suppliers. Due to the exorbitant expenses of obtaining foreign aircraft, some emerging nations are also being driven to commence military aircraft production initiatives, which is expected to reduce costs and increase procurement volumes, thereby resulting in the growth of the segment."
Europe is expected to dominate the global military fixed wing aircraft market from 2024 to 2034. The Russia-Ukraine war has forced several countries in the region to modernize their aircraft inventory to deter adversary threats. In addition, the collaborative efforts by European nations to develop the required technologies and manufacturing capability for next-generation aircraft is expected to be a key factor driving the regional military fixed wing aircraft market growth over the forecast period. Programs such as the Tempest Sixth-generation Fighter Program (between the United Kingdom and Italy), the New Generation Fighter (NGF)-Future Combat Air System (between Germany, Spain, and France), and the procurement of Eurofighter Typhoon are some of the multinational efforts underway in Europe.
Key Highlights
- The global military fixed wing aircraft market is expected to grow at a CAGR of 5% over the forecast period.
- The global military fixed wing aircraft market is classified into five categories: combat aircraft, transport aircraft, ISR (intelligence, surveillance, and reconnaissance) aircraft, tanker aircraft, training and light attack aircraft.
- Europe is expected to dominate the global military fixed wing aircraft market over the forecast period with a market share of 29.6%, followed by North America and Asia-Pacific regions.
- Combat aircraft is expected to be the largest segment among the military fixed wing aircraft categories over the forecast period.
In particular, the report provides an in-depth analysis of the following:
- Market size and drivers: Detailed analysis during 2024-2034, including the demand drivers and growth stimulators. It also provides a snapshot of the spending and modernization patterns of different regions around the world.
- Recent developments and industry challenges: Insights into technological developments and a detailed analysis of the existing military fixed wing aircraft being executed and planned worldwide. It also provides trends of the changing industry structure and the challenges faced by industry participants.
- Regional highlights: study of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand.
- Major programs: details of the key programs in each segment, which are expected to be executed during 2024-2034.
- Competitive landscape and strategic insights: analysis of the competitive landscape of the global military fixed wing aircraft market. It provides an overview of key players, their strategic initiatives, and financial analysis.
Reasons to Buy
- The report helps users to identify the key segments and the major programs that are anticipated to drive the global military fixed wing aircraft market, thus providing a clear picture about future opportunities that can be tapped. It also provides a region-level market overview, and the quantitative analysis of the market in countries that are expected to be in high demand in each region.
- Users can gain a qualitative understanding of underlying programs to help formulate strategies in growth areas, identify potential investment areas, geographies, and the larger market outlook in countries, regions, or a global outlook from 2024-2034.
- It facilitates the Original Equipment Manufacturers (OEMs) and component/subsystem manufacturers to identify the potential opportunities in various geographics and channelize their resources accordingly. The report also enables companies to identify high-potential market segments for determining prospective R&D investment areas for entering and leveraging the forthcoming growth opportunities.
Key Topics Covered:
- Global Military Fixed Wing Aircraft Market: Overview
- Market Dynamics
- Demand Drivers
- Trends
- Technological Developments
- Key Challenges
- Global Military Fixed Wing Aircraft Market: Segment Analysis
- Segment Analysis: Combat Aircraft
- Segment Analysis: Transport Aircraft
- Segment Analysis: ISR Aircraft
- Segment Analysis: Tanker Aircraft
- Segment Analysis: Training & Light Attack Aircraft
- Global Military Fixed Wing Aircraft Market - Regional Analysis
- Global Military Fixed Wing Aircraft - Regional Overview
- Competitive Landscape and Key Programs
- Leading Market Players
- Key Programs
Company Coverage:
- Lockheed Martin Corp
- The Boeing Co
- Saab AB
- United Aircraft Corp
- Airbus
- Embraer
- Dassault Aviation
- Aviation Industry Corp of China Ltd
- Eurofighter Jagdflugzeug
- Korea Aerospace Industries Ltd
- Kawasaki Heavy Industries Ltd
- Textron Inc
- Hindustan Aeronautics Ltd
For more information about this report visit https://www.researchandmarkets.com/r/wj93r5
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