London, May 6th, 2012 - Despite
expected budget cuts in the forecast period, North America is expected to
account for the largest share of the total global expenditure on military
aircraft during this time, at 42.9%. The high demand in this region is
primarily driven by the development of 2,456 F-35 multi-role fighter aircraft,
as part of the Joint Strike Fighter program and 452 V-22 Osprey transport
aircraft. Europe and Asia are also expected to account for a significant
portion of the total military aircraft during the forecast period, with shares
of 24.1% and 21.8% respectively.
Many
countries are expected to replace their ageing military aircraft fleet during
the forecast period. The wars in Afghanistan and Iraq have meant that the US,
which is the biggest market for military aircraft and other allied countries in
Europe, Asia-Pacific, Latin America and the Middle East, need to replace their
aircraft which have been in continuous use over the last decade.
The global environment is characterized by ongoing
tensions and conflicts among various countries around the world which is supporting
demand for military aircraft. Historically, countries follow a policy of
enhancing their military as a deterrent to hostile nations and consequently the
military aircraft market is recording strong growth despite the commercial
aircraft industry exhibiting a downward trend. The market for advanced trainer
aircraft across the globe is growing, which is attributed to the significant
number of countries involved in the process of upgrading to next-generation
combat aircraft fleets. In meeting this growing demand, manufacturers are
developing trainer aircraft that are able to perform a number of training roles
for the armed forces of the countries involved in the procurement process.
The global economic
slowdown has reduced military expenditure worldwide, as a consequence of which
a significant number of countries are establishing joint projects in order to
share R&D costs. Partnerships between defense firms have also increased as
a significant number of countries are investing in the development of their
domestic military aircraft development capabilities, by establishing strategic
alliances and technology-transfer agreements with global military aircraft
manufacturers.
To purchase the full
report, please click here.
About Industry Review:
Industry Review is a collection
of incisive, regularly updated market reports across 40+ industry sectors and
100+ countries.
We provide access to
the latest data on global and local markets, key industries, top companies,
M&A activity, new product launches and trends so you can make faster and
better informed business decisions.
The reports in our
store draw on robust primary and secondary research, proprietary databases,
industry surveys and insightful analysis from our own expert teams and from
carefully selected third-party publishers.
With access to over
400 in-house analysts and journalists, and a global media presence in over 30
industries, Industry Review delivers in-depth knowledge of local markets
worldwide.
For more information,
please visit our website at www.industryreview.com
For more information
on the article, please contact:
Press Contact:
Shelly Wills
Tel: +44 (0) 20 7936
6671
No comments:
Post a Comment