Military Transport Aircraft Market Size is Projected to Reach US$ 38.6 Billion by 2028, Industry CAGR 2.9% | IMARC Group
The global military transport aircraft market size reached US$ 32.3 Billion in 2022. looking forward, imarc group expects the market to reach a value US$ 38.6 Billion by 2028, exhibiting a growth rate (cagr) of 2.9% during 2023-2028.
Military transport aircraft are specially designed rotary and fixed wing cargo airplanes used to deliver weapons, vehicles, troops, and other service equipment. They support military operations by performing multi-role duties, such as rescue missions, aerial refueling, and intelligence-gathering. As military transport aircraft have a huge cargo storage space, they are also used to transport army supplies and personnel during martial operations. In addition, these airplanes play a crucial role in maintaining supply lines to deliver locations inaccessible by land or sea and can be utilized for strategic and tactical operations. As a result, military transport aircraft find widespread applications in transportation, emergency services, combat operations, surveillance, and reconnaissance.
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Military Transport Aircraft Market Trends:
The increasing global tension between neighboring countries and the escalating inclination to enhance aerial combat and support capabilities during war or enemy attacks are primarily driving the military transport aircraft market. Besides this, the elevating requirement for rotorcraft airplanes to perform airdrop missions, tactical airlifts, and carry litter and ambulatory patients during aeromedical evacuations is further augmenting the market growth. Moreover, the leading players are introducing modern military transport aircraft that offer superior agility, higher speed, maneuverability, and an increased survival rate in adverse weather conditions, which is also catalyzing the global market.
Apart from this, the integration of advanced communication systems to facilitate the transfer of real-time data of cargo to the experts at the air traffic control (ATC) is acting as another significant growth-inducing factor. Additionally, the launch of several policies by the government bodies to expand the defense budgets and the extensive research and development (R&D) activities are also stimulating the market growth. Furthermore, the growing popularity of these airplanes in delivering personal protective equipment (PPE), medicines, and ventilators from foreign countries is anticipated to propel the military transport aircraft market over the forecasted period.
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Military Transport Aircraft Market 2023-2028 Competitive Analysis And Segmentation:
Competitive Landscape With Key Players:
the competitive landscape of the military transport aircraft market has been studied in the report with the detailed profiles of the key players operating in the market.
Some Of These Key Players Include:
- Airbus SE
- Aviation Industry Corporation of China Ltd.
- Embraer S.A.
- Hindustan Aeronautics Limited
- Kawasaki Heavy Industries Ltd.
- Leonardo S.p.A.
- Lockheed Martin Corporation
- Textron Inc.
- and The Boeing Company.
Key Market Segmentation:
the report has segmented the military transport aircraft market on the basis of aircraft type, payload and application.
Breakup by Aircraft Type:
- Fixed Wings
- Rotorcraft
Breakup by Payload:
- Below 50 Tons
- 51 Tons to 100 Tons
- 101 Tons and Above
Breakup by Application:
- Troop Airlifting
- Cargo Supply
- Others
Breakup By Region:
- north america (united states, canada)
- europe (germany, france, united kingdom, italy, spain, russia, others)
- asia pacific (china, japan, india, south korea, australia, indonesia, others)
- latin america (brazil, mexico, others)
- middle east and africa (united arab emirates, saudi arabia, turkey, south africa, others)
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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Key Highlights Of The Report:
- market performance (2017-2022)
- market outlook (2023-2028)
- market trends
- market drivers and success factors
- impact of covid-19
- value chain analysis
- comprehensive mapping of the competitive landscape
if you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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