Military Cargo Aircraft Market: Introduction
- A military-owned transport aircraft that is used to airlift personnel and military equipment in support of military operations is known as a military transport aircraft, military cargo aircraft, or airlifter. Transport aircraft, which can be deployed for both strategic and tactical tasks, are essential for sustaining supply lines to advanced sites that are challenging to access by land or water. They are frequently used to convey humanitarian aid during emergency civilian relief efforts.
- Fixed-wing transport aircraft are classified as tactical airlift or strategic airlift, depending on their range capability. Military transport helicopters are used in locations where it is hard to deploy a standard aircraft. For instance, while US Marines are deployed from LHDs and LHA, the military transport helicopter is their main mode of transportation. Helicopters can land practically anywhere, even in places where it may seem impossible to land.
Key Drivers of Global Military Cargo Aircraft Market:
- A vast dynamics of aeronautics and technical challenges regarding the structure and propulsion is consistently prompting the need for replacement of the older aircraft fleet, which is expected to be the primary driver for the growth of the military cargo aircraft market during the forecast period.
- Increasing military budgets of countries in order to empower their respective defence system is also expected to be a key driver of the military cargo aircraft market across the globe
- The ongoing war situation in Europe owing to Russia-Ukraine crisis has wreaked havoc, which has surged the demand for military cargo aircraft in the region
Restraints of Global Military Cargo Aircraft Market:
- Rise in demand for unmanned aerial vehicles (UAVs) is likely to hamper the military cargo aircraft market. Growing safety concerns of military personnel has fueled the need for UAVs to surveillance and reconnaissance, delivery and transportation, target acquisition, and intelligence.
Opportunities in Global Military Cargo Aircraft Market:
- Increasing cross-border tensions In Asia among India-China-Pakistan and thereby increasing attention over strategic issues of the respective governments has created significant opportunities for major players in the defence cargo aircraft market.
- The Russia-Ukraine war situation is not only constrained among the two, but it is the strategic issue of various countries in the European Union, which are backed by the U.S. Rise in deployment of armed forces and heavy need for cargo transportation have created considerable opportunity for the global military cargo aircraft market.
Global Military Cargo Aircraft Market: Regional Outlook
Europe is anticipated to dominate the global military cargo aircraft market during the projection period. The ongoing war crisis has created instability, and it is presenting unambiguous picture. Europe has become the centre for major military activities from military deployment to cargo transportation. This, in turn, is fuelling the demand for the military cargo aircraft in the region. The Europe market is anticipated to be followed by North America, and it will be majorly contributed by the U.S. air force. The U.S. has large number of ageing aircraft in its fleet. The old fleet is rapidly being changed by technologically advanced, high capacity aircrafts. Major players like Lockheed Martin Corporation, Airbus SE are working with U.S. military forces to employ advanced, high capacity transportation aircrafts. Moreover, the U.S. stands to be the largest spender of military expenses, which is projected to boost the market growth in the North America. Furthermore, increasing conflicts and cross-border complications are consistently driving the military cargo aircraft market in APAC, and the growth is likely to be attributed to the high demand from countries such as India, China, Pakistan, and South Korea.
Key Players Operating in Global Military Cargo Aircraft Market:
The major players operating in the global military cargo aircraft market are mentioned as below:
- Aviation Industry Corporation of China (AVIC)
- Airbus SE
- Embraer SA
- Kawasaki Heavy Industries
- Leonardo SpA
- Lockheed Martin Corporation
- Mitsubishi Heavy Industries
- Rostec
- Textron Aviation
- The Boeing Company
- Dassault Aviation SA
- Saab AB
- Embraer S.A.
- GE Aviation
- Hindustan Aeronautics Limited
- Bell Textron Inc.
- Sukhoi Corporation
- Korea Aerospace Industries
- Chengdu Aircraft Industry Group
Global Military Cargo Aircraft Market, Research Scope
Global Military Cargo Aircraft Market, by Aircraft Type
- Fixed-wing Aircraft
- Rotorcraft
Global Military Cargo Aircraft Market, by Payload Capacity
- Below 50 Tons
- 51 Tons to 100 Tons
- 101 Tons and Above
Global Military Cargo Aircraft Market, by Application
- Cargo Supply
- Troop Airlifting
Global Military Cargo Aircraft Market, by Region
- North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Nordic Region
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- GCC
- Turkey
- South Africa
- Rest of Middle East & Africa
