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(Transportation-News.com, May 18, 2016 ) During the forecast period, global military aircraft engines market is to be driven by the various fleet replacement programs, modernization strategies and aircraft upgrade projects across the world. With the global geopolitical situation changing rapidly, most of the countries are concentrating on modernizing their air power, including procurement of high-tech and advance engines. Additionally, emerging economies in the Middle East and South Asian regions are witnessing increasing defense expenditure and are therefore likely to present global military aircraft engine manufacturers with greater opportunities in the coming decade
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Key Findings
The Global Military Aircraft Engines market is expected to be worth US$8.7 billion in 2016 and is expected increase to US$11.2 billion by 2026, representing a CAGR of 2.60% during the forecast period
Asia Pacific with an estimated share of 27.9% over the forecast period followed by the North America at 27.4% and Europe at 26.5%. The Middle Eastern market for military aircraft is expected to account for a share of 12.2% followed by the Latin American and African markets with a cumulative share of 6.0%
Combat aircraft engine and Other aircraft engines are expected to account for 46.1% and 20.2% of the military aircraft engine market respectively, followed by Transport aircraft engines and Rotorcraft engines, with a cumulative share of 33.6%.
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Synopsis
The Global Military Aircraft Engines Market 2016–2026 report offers a detailed analysis of the industry with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for military aircraft engines, key market trends, and challenges faced by industry participants. In particular, it provides an in-depth analysis of the following:
Market size and drivers: detailed analysis during 2016–2026, including highlights of the demand drivers and growth stimulators. It also provides a snapshot of the spending and modernization patterns of different regions around the world
Recent developments and industry challenges: insights into technological developments and a detailed analysis of the changing preferences of Military Aircraft Engines segments around the world. It also provides trends of the changing industry structure and the challenges faced by industry participants
Regional highlights: study of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand
Major programs: details of the key programs in each segment, which are expected to be executed during 2016-2026
Competitive landscape and strategic insights: analysis of the competitive landscape of the global market. It provides an overview of key players, together with information regarding key alliances, strategic initiatives, and financial analysis
Reasons To Buy
Determine prospective investment areas based on a detailed trend analysis of the global Military Aircraft Engines market over the next ten years
Gain in-depth understanding about the underlying factors driving demand for different Aircraft Engines segments in the top spending countries across the world and identify the opportunities offered by each of them
Strengthen your understandingof the market in terms of demand drivers, industry trends, and the latest technological developments, among others
Identify the major channels that are driving the global Military Aircraft Engines market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
Channelize resources by focusing on the ongoing programs that are being undertaken by the internal ministries of different countries within the Military Aircraft Engines market
Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Military Aircraft Engines service providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available
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