The military transport aircraft global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Military Transport Aircraft Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The military transport aircraft market size has grown rapidly in recent years. It will grow from $32.8 billion in 2023 to $36.23 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to strategic airlift capability, humanitarian missions, tactical mobility, troop and cargo transport, aerial refueling.
The military transport aircraft market size is expected to see strong growth in the next few years. It will grow to $51.8 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to autonomous cargo handling, sustainability initiatives, medical evacuations, paratroop drops, joint operations. Major trends in the forecast period include electrification and hybrid propulsion, advanced avionics, modularity and payload flexibility, stealth and reduced radar signature, international collaborations and partnerships.
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Scope Of Military Transport Aircraft Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Military Transport Aircraft Market Overview
Market Drivers –
The rise in demand for rotorcraft airplanes is expected to propel the growth of the military transport aircraft market in the forecast period. With increasing tension between various global nations, countries strive to enhance their aerial combat and support capabilities during war or enemy attacks. Such countries plan to upgrade their military rotorcraft airplane fleet with highly functional and advanced aircraft to increase their military dominance. For instance, in September 2021, the Indian Ministry of Defence announced the procurement of fifty-six C-295MW transport aircraft from M/s Airbus Defence and Space S.A., Spain, for the Indian Air Force. This C-295MW aircraft is a transport aircraft with a 5-10 tonne capacity that has contemporary technology, which will replace the aging Avro aircraft of IAF. Therefore, the rise in demand for rotorcraft airplanes is driving the growth of the military transport aircraft market.
Market Trends –
Rapid technological advancements in air transportation services are a key trend in military transport aircraft. Major companies operating in military transport aircraft are focused on developing new technological solutions to strengthen their position in the military transport aircraft market. These companies are implementing technology with futuristic, alternate travel modes by noting the growing prominence of highly sophisticated AR/VR technology, AI, Big Data, Automation, Robotics, tech development, and others. For instance, in April 2022, Airbus SE, a manufacturer and seller of civil and military aerospace products developed a next-generation systems-of-systems architecture named Future Combat Air System (FCAS). It uses a high-tech Multi-Domain Combat Cloud (MDCC) – a decentralized, cyber-resilient, collaborative information network using cloud-based technologies.
The military transport aircraft market covered in this report is segmented –
1) By Aircraft Type: Fixed Wings, Rotorcraft
2) By Payload: Below 50 Tons, 51 Tons To 100 Tons, 101 Tons And Above
3) By Application: Transportation, Emergency Services, Combat Operation, Command And Control, Surveillance, Intelligence And Reconnaissance
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Regional Insights –
North America was the largest region in the military transport aircraft market in 2023. Middle East is expected to be the fastest-growing region in the forecast period. The regions covered in the military transport aircraft market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the military transport aircraft market include Airbus SE, Textron Aviation Inc., Rostec Corp., Lockheed Martin Corporation, Embraer SA, Boeing Company, Northrop Grumman Corporation, Leonardo S.p.A., Ukrainian Aircraft Corporation, Ilyushin Aviation Complex, Alenia Aermacchi SpA, Kawasaki Heavy Industries Ltd., EADS CASA, Shaanxi Aircraft Corporation, United Aircraft Corporation, Hindustan Aeronautics Limited, Bombardier Inc., Antonov Corporation, China Aviation Industry Corporation, Israel Aerospace Industries Ltd., Chengdu Aircraft Corporation, Aircraft Industries Ltd., CNIM Air Space, Boeing Defense Space & Security, Taqnia Aeronautics, Collins Aerospace, Hellenic Aerospace Industry SA, Korea Aerospace Industries SA, Pakistan Aeronautical Complex, ST Engineering Aerospace
Table of Contents
1. Executive Summary
2. Military Transport Aircraft Market Report Structure
3. Military Transport Aircraft Market Trends And Strategies
4. Military Transport Aircraft Market – Macro Economic Scenario
5. Military Transport Aircraft Market Size And Growth
…..
27. Military Transport Aircraft Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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