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Special Mission Aircraft Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024


Sarasota, FL -- (SBWIRE) -- 09/29/2017 -- Special Mission Aircraft Market: Overview

Special mission aircraft are multipurpose aircraft that can be utilized by all three divisions of the armed forces for different operations. Special mission aircraft are operational with inspection equipment to identify the movement of opponent units but generally lack of major odious weapons. In conflict, special mission aircraft are primarily utilized to support the active warriors through surveillance and deliverance of supplies. Maritime patrol is another most important emerging application division of the global special mission aircraft market.

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Special Mission Aircraft Market: Growth Factors

One of the most important drivers for the global special mission aircraft market is the growing geopolitical pressure around the world. Due to the rising amount of active engagement, the popularity for special mission aircraft is increasing due to the vital role they play in sustaining opponents. Apart from engagements among two different nations, the prime feature fueling the universal demand for special mission aircraft is the growing requirement to curb illegal activities such as piracy, drug trafficking, and terrorism.

The increase in the consumption of illegal drugs in developed countries has given growth to important trafficking operations, which are also frequently associated to more serious problems and therefore requirement to be curbed. Piracy is also becoming a severe major concern, mainly in regions such as the Indian Ocean. For example, Piracy in the waters of Somalia has turn out to be a most important issue for business operations in the Indian Ocean.

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Special Mission Aircraft Market: Segmentation

On the basis of application, surveillance was the major section of the global special mission aircraft market. Separate from military operations, the popularity for special mission aircraft in marking oil spills and helping in recovery operations for the same is increasing at a stable rate and is anticipated to become a most important part of the global special mission aircraft market in the years to come. The air force valued for the utmost demand from the global special mission aircraft market, which was followed by naval units.

Special Mission Aircraft Market: Regional Analysis

Geographically, North America accounted for the maximum share in the global special mission aircraft market in the past years. The stable and controlled position of the North America market can be ascribed to the high defense expenditure in the U.S., which is by far the biggest air force in the world and therefore operates the largest number of special mission aircraft. China and Japan are the other most important nationalized markets for the global special mission aircraft.

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Special Mission Aircraft Market: Competitive players

The key players of the global special mission aircraft market are Boeing, Lockheed Martin Corporation, Bombardier Inc., and Northrop Grumman Corporation.

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