Military Transport Aircraft Market Competitive Landscape: Major Players, Competitor Market Shares, And Player Strategies - By The CMI
The Global Military Transport Aircraft Market size was estimated at USD 29.4 Billion in 2021 and is expected to hit around USD 45.4 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 4.8% from 2022 to 2030.
Military transport aircraft is an essential component in warfighting operations to ensure the delivery of weapons, troops, and other military equipment. In addition, such aircraft perform intelligence-gathering, aerial refueling, and rescue missions coupled with an extensive range of mission-critical tasks. As a result, spending on military transport aircraft is growing rapidly across the globe as many countries invest considerable sums in the procurement of defense equipment. For instance, in February 2022, the defense ministry of Serbia finalized its deal of about $91 million to acquire two C-295 medium tactical transport aircraft manufactured by Construcciones Aeronautics, a subsidiary of Airbus.
Get a Sample of the Report: https://www.custommarketinsights.com/request-for-free-sample/?reportid=21018
Military Transport Aircraft Market Dynamics
Drivers
Demand for transport aircraft in the military sector is projected to increase rapidly in upcoming years to support military operations. In addition, there is rising adoption of smaller cargo aircraft to transport military communications equipment. Also, military transport aircraft development by major industry players is mainly focused on designing solutions with higher airlift capability to carry heavy cargo such as large-size vehicles and battle tanks. Such factors are fueling the growth of the market.
Moreover, many countries are actively procuring military aircraft to meet the demand for transport aircraft that conduct multi-role operations in all-weather and year-round conditions. For example, in November 2021, the Y-20 transport aircraft of the Chinese People’s Liberation Army (PLA) Air Force delivered items of recently developed 160,000 sets of cold-resistant equipment and clothing to Chinese border defense troops stationed in the plateau regions.
Restraints.
?COVID-19’s effects on the raw material supply chain have created significant difficulties in producing military transport aircraft. Also, deliveries of military aviation have decreased considerably owing to the impact of the COVID-19 pandemic on the supply chain. This factor may hamper the growth of the Military Transport Aircraft market globally.
领英推荐
Military Transport Aircraft Market Report Highlights
Based on aircraft type, the rotorcraft is expected to grow at the most excellent CAGR and is projected to be in a dominant position due to the rising trend of advanced rotary-wing aircraft development and benefits such as vertical take-off and the requirement of minimal space for landing. In addition, such aircraft can land almost anywhere, giving them a definite advantage. Therefore, this segment comprises aircraft with one or more rotors that help lift throughout the flight, such as helicopters, gyrodynes, and autogyros.
Based on application, the troop airlifting segment is the leading and expected to make the most significant contribution in the upcoming years.?
Military Transport Aircraft Market Key Players
Segments covered in the report
By Aircraft Type
By Application
Get the Complete Report: https://www.custommarketinsights.com/report/military-transport-aircraft-market/