The global special mission aircraft market is expected to witness significant growth over the forecast period. Escalating geopolitical tensions in and across the globe, widespread drug trafficking, and high-seas piracy are the factors favoring growth of market. Cross-border tensions arising on the account of internal insurgencies in nation and assistance rendered to task-forces deployed boost the market.
Subversive activities in and across the border ask for greater deployment of maritime aircraft with air-lifting of injured and evacuating stranded armed personnel constitute a growing market for special mission aircraft.
Segmentation of the special mission aircraft market by operation includes air force, naval force, and army. Segmentation by Application includes Intelligence, surveillance and reconnaissance, electronic warfare, maritime patrol, anti-surface warfare and anti-submarine warfare, airborne early warning control, electronics/signal intelligence, search and rescue, and aerial refueling. Segmentation by region applies to North America, Europe, Asia Pacific, MEA, and Latin America.
The market is further augmented by increased defense spending by developing nations such as India, China, and Brazil.
The application segment comprising Intelligence, Surveillance, and reconnaissance has a leading market share owing to the efforts undertaken on its part to detect oil spills in the Indian Ocean and assess the extent of damage such as determining oil spread.
The market is projected to grow in the forecast period due to surge in global investments by Foreign Institutions. The chief stakeholders in the market include Aircraft suppliers, aircraft manufacturers, and aircraft pilot training bodies, technology support providers, and software/hardware services and solution providers, regulatory bodies, consultants, armed forces, naval forces, air force, and defense forces.
North America by region dominates the market spread and Asia Pacific follows a close second by its trait of bilateral trade agreements with neighboring countries, exchange of goods, and nurturing obligations. Special mission aircraft alludes to aircraft that augments the role of combat aircraft in military operations and refrains from designating maritime aircraft as the sole carriers in representing this segment.
News collated from article dated Oct 2011evinces interest in specter platform of aircraft from Swiss player Pilatus. A turboprop single engine aircraft designed for para-military operations and supporting law enforcement awakens interest in special mission aircraft market.
Intelligence gathered from aviation circles in an article dated Feb 2016 says that Israel Aerospace Industries conformal airborne warning system (C-AEW) based on a gulf stream G550 is airborne with four having joined the Singapore air force fleet.
An Aberdeen Integration Center (AIC) special mission aircraft from Northrop Grumman delivers on its promise by installing multiple-payloads and has flown numerous multi-intelligence sorties.
An Internet Protocol (IP) Windows based system with open-source architecture employing microprocessor based routines has hit the skies and is flying high.
The key industry players include Lockheed Martin Corporation, Northrop Grumman Corporation, SAAB AB, Bombardier, Boeing and Israel Airspace Industries.
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