Special Mission Aircraft Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027

Special Mission Aircraft Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027

The global special mission aircraft market is anticipated to register an impressive CAGR in the forecast period, 2023-2027. Factors such as increased defense expenditure globally, military modernization programs, and supportive government policies promoting the growth of the defense sector are the primary factors driving the demand for the global special mission aircraft market. Advancements in air-to-air refueling and sensor technology used in unmanned aerial vehicles are boosting the demand for special mission aircraft. Also, the use of special mission aircraft for transportation applications in the military sector and rose ion the cross-border issues and conflicts are expected to fuel the market growth for the next five years.

Ongoing Military Modernization Programs Propels the Market Demand

In past years, there has been a rise in the tensions across some countries’ borders. Countries are continuously working on upgrading their defense by investing in research and development activities and the procurement of advanced weapons, equipment, and technologies. Several countries like China, India, United States are devising new ways and strategies to modernize their airborne defense systems, which have accelerated the demand for special mission aircraft. They have the ability to stealthy monitor and operate quietly during military operations. Special mission aircraft can aid in the detection, surveillance, classification, and identification of the targets without making the targets aware of their operation. The leading authorities also use them to locate illegal immigrants, detect pollution in the sea bodies, drug interdiction, and find the fisheries violations in the water bodies.

Also, with the growing terror groups and organizations across the globe, the risk to the nation’s security and peace has increased manifold. Concerned authorities are constantly looking for solutions that can help them with the prevention and identification of the targets and provide the insights that can help them make informed decisions. Thus, the modernization of the airborne defense systems and the rise in awareness about the benefits of using special mission aircraft are expected to boost the market growth over the next five years.

Advancements in Sensor Technology Drives the Market Demand

Changing warfare technologies and the increased adoption of modern weapons and equipment by armed forces have accelerated the sales of unmanned aerial vehicles (UAV) across the globe. The rise in the deployment of asymmetric warfare techniques by various armies and the growing territorial conflicts have accelerated the demand for combat unmanned aerial vehicles. These UAVs are used for surveillance, information gathering, and intelligence-gathering information. They make use of advanced technologies for monitoring, tracking, and hitting targets. Armed forces actively use the weaponized unmanned aerial vehicles to counter-terrorism activities and reduce the risk to military personnel's life. Besides the defense sector, unmanned aerial vehicles are used in agriculture, mining, product delivery, wildlife research and preservation, and the oil & gas industry. Thus, the massive applications of unmanned aerial vehicles are expected to fuel the global special mission aircraft market growth over the next five years.

Market Segmentation

The global special mission aircraft market is segmented into application, end user, regional distribution, and competitive landscape. Based on application, the market is divided into intelligence, surveillance, & reconnaissance, command and control, combat support, emergency services, transportation, air-launch/rocket launch, scientific research and geological surveys, and others. Based on end user, the market is divided into defense, commercial & civil, and space. To analyze the market based on the region, the global special mission aircraft market is studied in major regions namely North America, Asia-pacific, Europe & CIS, South America, Middle East and Africa. In terms of country, the United States is anticipated to be a lucrative market as it has high usage of unmanned aerial vehicles for military operations.

Market Players

Northrop Grumman Corporation, The Boeing Company, Lockheed Martin Corporation, Bae Systems, Dassault Aviation SA, Textron Aviation Inc., Elbit Systems Ltd., Israel Aerospace Industries Ltd., Bombardier Inc., Thales SA, are the major market players operating in the global special mission aircraft market.

Report Scope:

In this report, global special mission aircraft market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Special Mission Aircraft Market, By Application:
• Intelligence, Surveillance, & Reconnaissance
• Command and Control
• Combat Support
• Emergency Services
• Transportation
• Air-Launch/Rocket Launch
• Scientific Research and Geological Surveys
• Others
• Special Mission Aircraft Market, By End User:
• Defense
• Commercial & Civil
• Space
• Special Mission Aircraft Market, By Region:
• North America
• United States
• Canada
• Mexico
• Asia-Pacific
• China
• India
• Japan
• Thailand
• Indonesia
• Australia
• South Korea
• Europe & CIS
• Germany
• France
• United Kingdom
• Spain
• Italy
• Netherlands
• Russia
• Poland
• South America
• Brazil
• Argentina
• Middle East & Africa
• Saudi Arabia
• Iran
• Israel
• UAE
• Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global special mission aircraft market.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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