Special mission aircraft are used
mainly by the three sectors of armed forces on account of their various
uses. Such aircrafts have surveillance devices to uncover movement of
enemies. However, they mostly do not carry any weapons. Special mission
aircraft are mainly used to support active combatants via surveillance
and delivery of supplies. Another crucial application segment of special
mission aircraft is maritime patrol. Apart from that, they enable
uncovering oil spills and helping in recovery operations too.
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A report by Transparency Market Research,
delves deep into the global market for special mission aircraft. It
uncovers the major tailwinds and headwinds affecting the trajectory of
the market. For the purpose of study, it segments the market based on
various parameters and examines each one in great details to uncover
which one holds out maximum opportunities. It also provides an executive
level blueprint of the market.
Global Special Mission Aircraft Market: Key Trends
Majorly catalyzing growth in the global
market for special mission aircraft is the rising geopolitical tensions
all over the world, which has warranted increased surveillance. Besides,
they also serve to support combatants in war-stricken nations. Another
factor boosting uptake of special mission aircrafts are the pressing
requirement to thwart illegal activities, namely drug trafficking and
terrorism. Piracy is also a major concern that has boosted the market.
For example, piracy in the waters of Somalia has become a major headache
for trading in the Indian Ocean and hence has led to the uptake of
special mission aircrafts. Similarly, the prolonged civil wars in the
Middle East and Eastern Africa too have helped demand.
Some of the major applications of special
mission aircrafts are electronic warfare, intelligence, surveillance,
and reconnaissance, maritime patrol, anti-submarine warfare,
anti-surface warfare, electronic warfare, airborne early warning and
control, search and rescue, electronic or signals intelligence, aerial
refueling, and search and rescue. At present, maximum demand is
generated in the market for surveillance.
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Operation-wise, the three segments of the
market for special mission aircraft are naval force, air force, and
army. At present, the segment of air force generates maximum demand and
is trailed by naval units.
Global Special Mission Aircraft Market: Regional Outlook
From a geographical standpoint, North
America holds a leading share in the worldwide market for special
mission aircraft. This is mainly because of the massive defense spends
in the U.S., which boasts of the biggest air force in the world and
hence has the largest fleet of special mission aircraft. Asia Pacific is
another key region which is being bolstered by China and India which
typically have substantial defense spending. Ongoing territorial
disputes in the Middle East and Africa has also spelled opportunity for
the market. Brazil in Latin America is another prominent market to watch
out for.
Global Special Mission Aircraft Market: Competitive Dynamics
Some of the prominent participants in the global market for special mission aircraft
are Boeing, Bombardier Inc., Lockheed Martin Corporation, and Northrop
Grumman Corporation. The report throws light on their sales and
revenues, market shares, and the winning strategies. It also leverages
analytical tools of the likes of SWOT Analysis and Porter’s Five Forces
to understand the opportunities and pitfalls awaiting companies
operating in the global market for enterprise social networks.
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