Global military aircraft market to grow from $61 billion to $87 billion

DUBLIN, 9 April 2015. The global military aircraft market will grow at a compound annual growth rate (CAGR) of 3.64 percent over the next decade, increasing from $61.2 billion U.S. in 2015 to $87.5 billion U.S. by 2025, according to Research and Markets’ report, entitled "The Global Military Aircraft Market 2015-2025 - Market Size and Drivers: Market Profile".

The global military aircraft market includes six categories of aircraft: multi-role, transport, attack, reconnaissance and surveillance, bombers, and training.

This report provides analysis of the market, including highlights of the demand drivers and growth stimulators for military aircraft. It also offers an insight on the spending pattern and modernization pattern in different regions around the world.

The report is designed to provide:

- insight into the military aircraft market with current and forecast market values

- key drivers and attractiveness parameters of the global Military Aircraft market

- various factors impacting the growth of the Military Aircraft market

Topics covered include:

1 Introduction

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 Appendix

For more information, visit http://www.researchandmarkets.com/research/7g42cm/the_global.