Boston, MA -- (SBWIRE) -- 01/16/2017 -- Military aircraft either consist of rotary-wing or fixed-wing aircraft that are used for combat missions or for the transportation of military personnel and military supplies. Many of the global military aircraft fleets are in service for decades. This aging fleet of aircraft needs to be upgraded and retrofitted with modern aircraft systems and components to extend their service life for modern combat and strategic missions.

Technavio's analysts forecast the global military aircraft modernization and upgrade and retrofit market to grow at a CAGR of 2.47% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global military aircraft modernization and upgrade and retrofit market for 2016-2020. To calculate the market size, the report considers the revenue generated from military aircraft modernization and upgrade and retrofit globally.

Get More Details on this Report and a Full Table of Contents at Global Military Aircraft Modernization and Upgrade and Retrofit Market 2017-2021

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global Military Aircraft Modernization and Upgrade and Retrofit Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-Boeing
-Elbit Systems
-IAI
-Lockheed Martin
-Rockwell Collins

Other prominent vendors

-BAE Systems
-Dassault Aviation
-Leonardo-Finmeccanica
-Northrop Grumman
-Thales Group

Market driver

-Incorporation of communications, navigation, and surveillance (CNS) systems in aircraft
-For a full, detailed list, view our report

Market challenge

-Technological and legal roadblocks
-For a full, detailed list, view our report

Market trend

-Growing investments in multi-layered air defense network
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Boeing, Elbit Systems, IAI, Lockheed Martin, Rockwell Collins, AE Systems, Dassault Aviation, Leonardo-Finmeccanica, Northrop Grumman, Thales Group

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