Special Mission Aircraft Market by Type (Intelligence, Surveillance & Reconnaissance (ISR), Maritime Patrol Aircraft (MPA), Airborne Early Warning & Control (AEW&C), Anti-Surface Warfare & Anti-Submarine Warfare (ASW), Search & Rescue (SAR), and Refueling): Global Opportunity Analysis and Industry Forecast, 2020 – 2030
Industry: Aerospace & Defense | Publish Date: 25-Oct-2024 | No of Pages: 228 | No. of Tables: 116 | No. of Figures: 71 | Format: PDF | Report Code : AD379
Market Definition:
At an estimated value of over USD 13.62 billion in 2019, the global Special Mission Aircraft Market is predicted to thrive at a CAGR of 9.7% and valued at over USD 33.55 billion over the forecast year 2020-2030.
Special mission aircrafts are specifically developed to commence an over-battlefield role by using advanced onboard equipment. Majorly, this class of aircrafts consist of fighter aircrafts, interceptor fighters, and troop transports. These aircrafts are provided with several capabilities to carry out missions such as to release a missile, rocket, or other aircraft payloads.
Market Dynamics and Trends:
The demand for special mission aircraft is mainly driven by increasing usage of unmanned aerial vehicle (UAVs) in military operations and rising need for air-to-air refueling. Also, rising need for special mission aircraft in commercial and defense applications is one of the major factors fueling the growth of the special mission aircraft market.
In addition to this, factors such as growing terrorism activities along with the increased defense budget of the major developing nations such as China and India are expected to drive the special mission aircrafts market.
However, factors such as strict regulatory standards to manufacture special mission aircraft components and lengthy period for product certification by aviation authorities are projected to hamper the growth of the market during forecast period. Contradictorily, rise in the demand for the air-launched small satellites, is anticipated to create ample opportunities to further propel the special mission aircraft market growth.
Market Segmentations and Scope of the Study:
The global special mission aircraft market share is segmented on the basis of type and geography. On the basis of type, the market is categorized into Intelligence, Surveillance & Reconnaissance (ISR), Maritime Patrol Aircraft (MPA), Airborne Early Warning & Control (AEW&C), Anti-Surface Warfare & Anti-Submarine Warfare (ASW), Search & Rescue (SAR), and refueling. Geographic fragmentation and analysis of each segment includes regions comprising North America, Europe, Asia Pacific and Rest of the World.
Geographical Analysis:
In terms of geography, North America held the major share of the special mission aircraft market in 2019. This is due to the fact that the U.S. is one of the largest developers, exporters, and operators of special mission aircraft around the globe.
For instance, the prominent key players such as the Boeing Company, Textron Inc., Honeywell Aerospace, Inc., Collins Aerospace, and UTC Aerospace Systems are headquartered in the U.S. However, Asia-pacific is expected to experience fastest growth owing to surge in territorial disputes in Eastern Asia and increased defense expenditure by several economies in the region.
Competitive Landscape:
Lucrative growth opportunities makes the special mission aircraft industry highly competitive. Some of the major players in the market are Elbit Systems Ltd, BAE Systems, Bombardier Inc, Dassault Aviation Sa, General Atomics Aeronautical Systems, Inc, Israel Aerospace Industries Ltd, Kratos Defense & Security Solutions, Inc., Leonardo SPA, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Saab AB, Textron Aviation Inc., Thales SA, and The Boeing Company. A number of developmental strategies have been adopted by companies in the past few years.
For instance, in May 2020, Northrop Grumman secured a $176.5 million agreement to help the U.S. Army manage fixed-wing electronic warfare aircraft during the lifecycle of fleet. Moreover, in February 2021, Lockheed Martin signed an agreement with Hindustan Aeronautics Limited (HAL) to explore potential industrial collaboration in aerospace sector across the India.
KEY BENEFITS:
-
The special mission aircraft market report provides a quantitative analysis of the current market and estimations throughout 2020-2030 that assists in identifying the prevailing industry opportunities to capitalize on.
-
The study comprises an extensive analysis of the current and future special mission aircraft market trends for depicting the prevalent investment pockets in the industry
-
The information related to key drivers, restraints and opportunities alongside their impact on the special mission aircraft market is provided in the report.
-
The market share of the key players in the global special mission aircraft market, along with their competitive analysis is mentioned.
-
Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
SPECIAL MISSION AIRCRAFT MARKET KEY SEGMENTS:
By Type
-
Intelligence, Surveillance & Reconnaissance (ISR)
-
Maritime Patrol Aircraft (MPA)
-
Airborne Early Warning & Control (AEW&C)
-
Anti-Surface Warfare & Anti-Submarine Warfare (ASW)
-
Search & Rescue (SAR)
-
Refuelling
By Geography
-
North America
-
U.S.
-
Canada
-
Mexico
-
-
Europe
-
UK
-
Italy
-
Germany
-
Spain
-
Netherlands
-
Rest of Europe
-
-
Asia-Pacific
-
China
-
Japan
-
India
-
Australia
-
South Korea
-
Taiwan
-
Vietnam
-
Rest of Asia Pacific
-
-
RoW
-
Latin America
-
Middle East
-
Africa
-
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Analysis Period |
2019–2030 |
|
Base Year Considered |
2020 |
|
Forecast Period |
2020–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Market Segmentation |
By Type (Intelligence, Surveillance & Reconnaissance, Maritime Patrol Aircraft, Anti-Surface Warfare & Anti-Submarine Warfare, Airborne Early Warning & Control, Search & Rescue, Refuelling) |
|
Geographical Segmentation |
North America (U.S., Canada, Mexico) Europe (UK, Italy, Germany, Spain, Netherlands, Rest of Europe) Asia-Pacific (China, Japan, India, Australia, South Korea, Taiwan, Vietnam, Rest of Asia Pacific) RoW (Latin America, Middle East, Africa) |
|
Companies Profiled |
Elbit Systems Ltd, BAE Systems, Bombardier Inc, Dassault Aviation Sa, General Atomics Aeronautical Systems, Inc, Israel Aerospace Industries Ltd, Kratos Defense & Security Solutions, Inc., Leonardo SPA, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Saab AB, Textron Aviation Inc., Thales SA, and The Boeing Company |
KEY PLAYERS:
-
Elbit Systems Ltd
-
BAE Systems
-
Bombardier Inc
-
Dassault Aviation SA
-
General Atomics Aeronautical Systems, Inc
-
Israel Aerospace Industries Ltd
-
Kratos Defense & Security Solutions, Inc.
-
Leonardo SPA
-
Lockheed Martin Corporation
-
Northrop Grumman Corporation
-
Raytheon Technologies Corporation
-
Saab AB
-
Textron Aviation Inc.
-
Thales SA
-
The Boeing Company
At Next Move Strategy Consulting, we understand that insightful market research is the cornerstone of successful business decisions. That's why we employ a robust and multifaceted approach, combining various methodologies to deliver the most accurate and actionable data for our clients.
Research Landscape
We navigate the world of research with two primary approaches:
Qualitative Approach
Our qualitative research methodologies involve immersive techniques such as in-depth interviews, focus groups, and observational studies. By engaging directly with individuals and stakeholders, we uncover valuable insights that quantitative data alone may overlook.
Quantitative Research
In tandem with qualitative methodologies, NMSC leverages the power of Quantitative Research to provide a robust foundation of numerical insights. Through systematic data collection and analysis, we quantify patterns, preferences, and market trends, offering a comprehensive view of the business landscape.
Our quantitative research approach employs diverse tools, including surveys, experiments, and statistical modelling. These methodologies enable us to gather data from a large and representative sample, ensuring the statistical significance of our findings. By employing structured questionnaires and standardized data collection methods, we guarantee the reliability and validity of the information we present to our clients.
Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.
Our Specialized Toolbox for Industry-Specific Market Research
We deploy a specialized arsenal of techniques tailored to meet your unique requirements. Here's a glimpse into our comprehensive toolbox:
Information Procurement
The stage entails acquiring market data or relevant information through various sources and methodologies.
Market Research Approach
We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.
Porters Five Forces Analysis
We conduct Porter's Five Forces analysis to evaluate the competitive landscape of an industry, providing us with insights into factors that affect profitability and strategic positioning.
SWOT Analysis
We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.
Forecasting
We utilize a forecasting model to predict future consumption by considering parameters like population, economics, regulations, market competition, drivers, constraints, technology, and pricing. We also employ statistical techniques such as multilinear regression, exponential smoothing, moving average, ARIMA, and Monte Carlo simulations for accurate predictions. In econometric forecasting, we analyzed short-term and long-term event impacts, attributing values based on regulatory frameworks, economic factors, and market events.
Speak to Our Analyst
