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 2022 Military Transport Aircraft Global Market Report – https://www.reportlinker.com/p06317000/?utm_source=GNW
The global military transport aircraft market is forecast to grow from US$27.20 billion in 2021 to US$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 at a CAGR of 6.79%.
The military transport aircraft market consists of sales of military transport aircraft by companies (organizations, sole proprietorships and partnerships) which refers to a military transport aircraft used in support of military operations by performing multi-role tasks such as aerial refueling, intelligence – gathering, rescue missions , military cargo and military troops transportation, military vehicles and more. Military transport aircraft have a huge cargo hold that can be used to store a variety of things.
In addition, these aircraft are designed to transport military tanks, small trucks and armored vehicles from military bases to theaters of war or other required locations without much human effort.
The main types of military transport aircraft are fixed wing and rotorcraft. Fixed wing aircraft refer to propeller or jet engine aircraft whose wings do not move.
These are more commonly used for longer travel distances than rotary wing aircraft covers, as they can go further before needing to be refueled. The different payloads of these aircraft include under 50 tons, 51 tons to 100 tons, 101 tons and more.
The diverse 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. The regions covered in the Military Transport Aircraft market report are Asia Pacific, Western Europe, Eastern Europe, 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 military transport aircraft market statistics, including global Military Transport Aircraft market size, regional shares, competitors with a Military Transport Aircraft market share, detailed Military Transport Aircraft market segments, market trends and opportunities as well any other data you may need to succeed in the military transport aircraft industry. This Military Transport Aircraft Market Research Report provides a complete overview of everything you need with an in-depth analysis of the current and future scenarios of the industry.
The increase in demand for rotorcraft is expected to drive the growth of the military transport aircraft market over the forecast period. With increasing tensions between different global nations, countries are striving to improve their air combat and support capabilities during wars or enemy attacks.
Such countries plan to upgrade their military rotorcraft aircraft fleet with highly functional and advanced aircraft to increase their military dominance. For example, in September 2021, the Indian Ministry of Defense announced the procurement of 56 C-295 MW 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 incorporating contemporary technology and will replace the IAF’s aging Avro aircraft. Hence, the increasing demand for rotorcraft is driving the growth of the military transport aircraft market.
Rapid technological advances in air transport services are a major trend in military transport aircraft. Large companies operating in the military transport aircraft sector focus on developing new technological solutions to strengthen their position in the military transport aircraft market.
These companies implement technology with futuristic, alternative modes of travel, noting the growing importance of sophisticated AR/VR technology, AI, big data, automation, robotics, technology development and others. For example, in April 2022, Airbus SE, a manufacturer and seller of civil and military aerospace products, developed a next-generation systems-of-systems architecture called Future Combat Air System (FCAS).
It uses a high-tech Multi-Domain Combat Cloud (MDCC) – a decentralized, cyber-resistant, collaborative information network that uses cloud-based technologies.
In January 2022, Leonardo, an Italy-based aerospace company, acquired Hensoldt for €606 million. With this acquisition, Leonardo aims to establish a long-term strategic presence in the fast-growing German defense market to strengthen the long-standing partnership and satisfy the most advanced requirements of international and domestic customers in the air, naval and land sectors.
Hensoldt is a Germany-based company focused on sensor technologies for defense, security and aerospace protection and surveillance missions.
The countries covered in the Military Transport Aircraft market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
Read the full report: https://www.reportlinker.com/p06317000/?utm_source=GNW
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