Irving, TX (PRWEB) May 25, 2013
The global military aircraft industry is expected to remain constant over 2013-2020 due to continued work on multiyear programs. The industry is forecast to reach an estimated $80.5 billion in 2020. Emerging economies, such as those in Asia Pacific (APAC), the Middle East, and South America, are likely to see increased demand, which will offset the defense budget cuts in countries such as the US and the UK.
Lucintel, a leading global management consulting and market research firm, has conducted an analysis of the industry and presents its findings in “Global Military Aircraft Industry 2013-2020: Trend, Profit, and Forecast Analysis.”
The global military aircraft industry comprises combat and non-combat aircraft. Combat aircraft are designed to destroy enemy equipment using their own armament by attack, reconnaissance and surveillance, and are usually developed and procured only by military forces. Non-combat aircraft are designed for transport and training. These aircraft are used by military, law enforcement, border patrol enforcement, paramilitary forces, and other special security groups. The industry is highly consolidated in terms of suppliers as well as buyers and highly dependent on government spending.
As per the study, joint product development by countries, increasing defense budget by emerging economies in APAC and the Rest of the World (ROW), and the war against terrorism are industry drivers. Economic downturns, budget uncertainties, and government regulations and policies are the challenges for the industry. Fifth-generation technology aircraft, advanced composite materials, and stealth technology are emerging trends for military aircraft, which will drive demand.
This market research report provides an overview of the global military aircraft industry and tracks industry performance in four geographic regions. Thus, four regional segments of the global military aircraft industry are tracked. The report studies manufacturers serving this segment, providing a six-year annual trend analysis that highlights market size, profit, and cost structure for North America, Europe, APAC, and ROW. The report also provides a forecast, addressing market opportunities for the next eight years for each region.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, M & A and cost efficiency. To learn more, visit http://www.lucintel.com.