Home Press Releases Special Mission Aircraft Market Size Worth $16.14 Billion By 2030 | CAGR: 4.4%

Special Mission Aircraft Market Size Worth $16.14 Billion By 2030 | CAGR: 4.4%

The global special mission aircraft market size is expected to reach USD 16.14 billion by 2030, according to a new study by Polaris Market Research. The report “Special Mission Aircraft Market Share, Size, Trends, Industry Analysis Report, By Platform (Military Aviation, Commercial Aviation, and Unmanned Aerial Vehicle); By Application; By End Use, By Region; Segment Forecast, 2022-2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The increasing need to combat several criminal operations like illegal downloading, drug smuggling and terrorist attacks coupled with the growing technological advancements in the field and growing public investment in defense and military sectors are key factors projected to drive the growth of the market extensively throughout the forecast period. Furthermore, high growth for air-to-air refueling to endorse offshore implementation and an increased number of unmanned aerial vehicles in military activities and operations are also likely to have a positive impact on the growth. 

 

For instance, in June 2021, Bombardier, United States, announced that the company has awarded a contract between their Learjet Inc., subsidiary and the United States Air Force for supporting the Battlefield Airborne Communication Node program. The new contract provides the USAF with flexible ordering systems and includes an immediate order for one Global 6000 aircraft.

 

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Additionally, unmanned aerial vehicles play a crucial role in modern-day warfare across the globe. An extensive rise in territorial disputes around the world coupled with the rising deployment of asymmetric warfare techniques and systems by many different armies has paved the way for higher adoption and demand for combat UAVs. These types of UAVs are heavily used for surveillance purposes, intelligence-gathering, real-time data collection, and dissemination of information, which has resulted in an increasing need for these systems in commercial and civil applications across the globe in recent years.

 

Special Mission Aircraft Market Report Highlights

  • Military aviation segment is anticipated to grow at a substantial rate of CAGR during the forecast period owing to the rising use of these systems in non-combat defense purposes
  • Intelligence, surveillance, and reconnaissance segment accounted for more of the global market share which is accelerated by the growing number of surveillance aircraft acquisitions
  • Defense sector held a significant market share, in 2021, and is anticipated to continue this over the forecast period, due to the increased usage of these types of aircraft in the defense industry by many countries for ensuring their enhanced safety
  • North America is projected to dominate the market over the forecast period on account of the rising military expenditure and growing popularity of advanced & specialized aircraft.
  • The global players include The Boeing Company, Dassault Aviation, General Dynamics, Butler National, Israel Aerospace, L3 Harris Technologies, Textron Aviation, Northrop Grumman, and Aeronautical Systems.

 

Polaris Market Research has segmented the special mission aircraft market report based on platform, application, end-use, and region:

 

Special Mission Aircraft, Platform Outlook (Revenue – USD Billion, 2018 – 2030)

  • Military Aviation
  • Commercial Aviation
  • Unmanned Aerial Vehicle

Special Mission Aircraft, Application Outlook (Revenue – USD Billion, 2018 – 2030)

  • Command and Control
  • Combat Support
  • Intelligence, Surveillance, and Reconnaissance
  • Air-Rocket Launch
  • Transportation
  • Others

Special Mission Aircraft, End Use Outlook (Revenue – USD Billion, 2018 – 2030)

  • Defense
  • Commercial & Civil
  • Space

Special Mission Aircraft, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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