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The global military aircraft market is estimated to value US$61.2 billion in 2015. The market consists of six categories of aircraft: multi-role, transport, attack, reconnaissance and surveillance, bombers, and training. The value of the global military aircraft market is expected to increase at a CAGR of 3.64% during the forecast period, to reach US$87.5 billion by 2025.
Reasons To Buy
"The Global Military Aircraft Market 2015-2025 - Market Size and Drivers: Market Profile" allows you to:
- Gain insight into the Military Aircraft market with current and forecast market values.
- Understand the key drivers and attractiveness parameters of the global Military Aircraft market.
- Understand the various factors impacting the growth of the Military Aircraft market.
Table of Contents
1.1 What is this Report About?
1.3 Summary Methodology
1.4 About Strategic Defence Intelligence
2 Global Military Aircraft Market Size and Drivers
2.1 Military Aircraft Market Size and Forecast 2015-2025
2.1.1 Global military aircraft market to witness a robust growth over the forecast period
2.2 Global Military Aircraft Market - Regional Analysis
2.2.1 North America dominates the global military aircraft market
2.2.2 North American market to remain robust during the forecast period despite budget cuts
2.2.3 Asia to be a lucrative market for military aircraft during the forecast period
2.2.4 European military aircraft market expected to increase despite defense budget cuts
2.2.5 Markets in the Middle East to record robust spending on military aircraft
2.2.6 Brazil to dominate the military aircraft market in Latin America
2.2.7 Markets in Africa expected to decline during the forecast period
2.3 Military Aircraft Sub-Sector Market Size Composition
2.3.1 Multi-role aircraft to witness highest spending among all categories
2.3.2 Multi-role aircraft segment is expected to grow at a CAGR of 5.60% during the forecast period
2.3.3 Global spending on transport aircraft expected to value US$194.3 billion over the forecast period
2.3.4 Market for reconnaissance and surveillance aircraft expected to constitute the third largest category
2.3.5 The global military aircraft market expected to witness renewed interest in bombers
2.3.6 Global market for training aircraft to increase at a CAGR of 0.55% during the forecast period
2.4 Demand Drivers and Growth Stimulators
2.4.1 The need to replace fleets of ageing aircraft expected to drive the demand for military aircraft
2.4.2 Rising arms races among economies have led to a surge in the demand for military aircraft
2.5 Defense Budget Spending Review
2.5.1 North American defense expenditure projected to decline marginally during the forecast period
2.5.2 Asian defense budgets expected to increase at a robust pace
2.5.3 European capital expenditure expected to increase during the forecast period
2.5.4 Modernization programs likely to drive defense expenditure in Latin American countries
2.5.5 Defense budgets of Middle Eastern countries likely to increase during the forecast period
2.5.6 Military budgets of African countries expected to increase during the forecast period
2.6 Defense Modernization Review
2.6.1 Debt crisis in Europe leading to postponement of modernization plans
2.6.2 Arms race in Asia reflected in modernization plans
2.6.3 North American modernization plans marginally affected by economic recession
2.6.4 Modernization programs in South America driven by replacement of obsolete armaments
2.6.5 African countries mainly spending on infantry weapons, and surveillance and monitoring equipment to slow growing crime rate
2.6.6 Middle Eastern countries pursuing modernization of Air Force and air defense systems
3.2 About SDI
List of Tables
Table 1: Global Military Aircraft Market Overview
Table 2: Global Military Aircraft Market Overview
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