The major players in the military transport aircraft market are Airbus SE, Textron Aviation, Rostec, Lockheed Martin Corporation, Embraer SA, Ukroboronprom (Antonov), United Aircraft Corporation (Ilyushin), The Boeing Company, Aviation Industry Corporation of China (AVIC) , Kawasaki Heavy Industries, Kawasaki Heavy Industries, Leonardo SpA, Mitsubishi Heavy Industries, Raytheon Technologies, TATA and Dassault Aviation.
New York, Sept. 22, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Military Transport Aircraft Global Market Report 2022” – https://www.reportlinker.com/p06317000/?utm_source=GNW
The global military transport aircraft market is expected to grow from $27.20 billion in 2021 to $28.56 billion in 2022 at a compound annual growth rate (CAGR) of 5.01%. The military transport aircraft market is expected to reach $37.15 billion in 2026 with a CAGR of 6.79%.
The military transport aircraft market includes sales of military transport aircraft by entities (organizations, sole proprietorships, and partnerships) that refer to military-owned transport aircraft used to support military operations by performing tasks multi-purpose such as air-to-air refueling, intelligence-gathering, rescue missions, transportation of military cargo and military troops, military vehicles and others. Military transport planes have huge cargo storage space in which a wide range of things can be stored.
Moreover, these aircraft are designed to transport military tanks, small trucks and armed vehicles from military base stations to war sites or other required locations without much human effort.
The main types of military transport aircraft are fixed wing and rotorcraft. Fixed-wing aircraft refers to propeller- or jet-powered aircraft whose wings do not move.
These are more commonly used for longer trips than rotary wing aircraft coverage, as they can go farther before needing to refuel. The different payloads of these aircraft include less than 50 tons, 51 tons to 100 tons, 101 tons and more.
The various applications of military transport aircraft include transportation, emergency services, combat operations, command and control, surveillance, intelligence and reconnaissance.
North America was the largest region in the Military Transport Aircraft Market in 2021. Regions covered in the Military Transport Aircraft Market report are Asia-Pacific, Western Europe, Eastern Europe, East, North America, South America, Middle East and Africa.
The Military Transport Aircraft Market research report is one of a series of new reports that provide statistics on the Military Transport Aircraft market, including the global market size of the Transport Aircraft industry. military, regional shares, competitors holding military transport aircraft market share, detailed segments of the military transport aircraft market. , market trends and opportunities, and any other data you may require to thrive in the Military Transport Aircraft industry. This Military Transport Aircraft Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of current and future industry scenarios.
Rising demand for rotorcraft aircraft is expected to propel the growth of the military transport aircraft market over the forecast period. With growing tensions between different nations of the world, countries are striving to improve their air combat and support capabilities during war or enemy attacks.
These countries plan to upgrade their military rotorcraft fleet with highly functional and advanced aircraft to increase their military dominance. For example, in September 2021, the Indian Ministry of Defense announced the purchase of fifty-six C-295MW transport aircraft from M/s Airbus Defense and Space SA, Spain, for the Indian Air Force. This C-295MW aircraft is a 5-10 ton capacity transport aircraft with contemporary technology, which will replace the IAF’s aging Avro aircraft. Hence, increasing demand for rotorcraft aircraft is driving the growth of the military transport aircraft market.
Rapid technological advancements in air transport services are a key trend in military transport aircraft. Major companies operating in the military transport aircraft are focusing on developing new technological solutions to strengthen their position in the military transport aircraft market.
These companies are implementing technology with futuristic and alternative modes of travel noting the growing importance of highly sophisticated AR/VR technology, AI, Big Data, automation, robotics, development technological, etc. For example, in April 2022, Airbus SE, a manufacturer and seller of civil and military aerospace products developed a next-generation systems architecture called Future Combat Air System (FCAS).
It uses a high-tech Multi-Domain Combat Cloud (MDCC) – a decentralized, cyber-resilient and collaborative information network using cloud-based technologies.
In January 2022, Leonardo, an aerospace company based in Italy, acquired Hensoldt for 606 million euros. With this acquisition, Leonardo aims to establish a long-term strategic presence in the growing German defense market in order to strengthen the long-standing partnership and to satisfy the most advanced requirements of international and national customers in the air, naval and land domains.
Hensoldt is a Germany-based company focused on sensor technologies for protection and surveillance missions in the defense, security and aerospace sectors.
The countries covered in the Military Transport Aircraft market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea , the United Kingdom and the United States.
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