0

Military Transport Aircraft Market Expected to Reach $45.40 Billion by 2030-Allied Market Research

 
2022
Military Transport Aircraft Market

Report Code : A13461

quote By aircraft type, the fixed wings segment dominated the global military transport aircraft market in 2020, in terms of revenue. On the basis of payload, the below 50 tons segment garnered higher share in 2020. Depending on application, the cargo supply segment held majority of the market share in 2020. Presently, Asia-Pacific is the highest revenue contributor, followed by North America. quote

Abhay Singh
Lead Analyst, Aerospace and Defense at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a recent report published by Allied Market Research, titled, “Military Transport Aircraft Market by Aircraft Type, Payload, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global military transport aircraft market was valued at $28.33 billion in 2020, and is projected to reach $45.40 billion by 2030, registering a CAGR of 4.8% from 2021 to 2030.

Asia-Pacific dominates the market, in terms of revenue, followed by North America, Europe, and LAMEA. China was the major share contributor in the global military transport aircraft market in 2020. South Korea is expected to grow at a significant rate during the forecast period, owing to increase in production of aerospace products across the country.

A military transport aircraft, also known as airlifted transport aircraft, is a military-owned transport aircraft that is used to support military operations by airlifting troops and military equipment. Transport aircraft are crucial to maintain supply lines to forward bases that are inaccessible by ground or water, and they can be used for both strategic and tactical missions. They are often diverted to civilian emergency relief missions by transporting humanitarian aids. Fixed-wing transport airplanes are classified as strategic or tactical aircraft based on their range capability to reflect the needs of the land forces for essential product supply.

Some military transport aircraft perform multiple duties, including aerial refueling, as well as rescue missions, and tactical, operational, and strategic airlifts onto unprepared runways. Military transport helicopters are used in places where conventional aircraft cannot be used. For example, the military transport helicopter is the primary transport asset of the U.S. Marines which acts as a key factor for the growth of the market across the U.S. The landing possibilities of helicopters are nearly limitless, and where landing is impossible, such as densely packed jungle, the ability of the helicopter to hover allows troops to deploy by abseiling and roping.

Developmental activities carried out by key manufacturers have created a positive impact on the growth of the market. For instance, in September 2021, Airbus, Space of Spain and Tata Group signed a contract worth $26.65 billion to procure 56 C-295 medium transport aircraft, which will replace the ageing Avro-748 planes of the Indian Air Force. Similarly, in November 2020, Embraer showcased its hybrid short take-off military & commercial transport aircraft in Brazil. Such developments carried out by giants such as Lockheed Martin Corporation and Boeing strengthen the growth of the market across the globe.   

The global military transport aircraft market is segmented into aircraft type, payload, application, and region. By aircraft type, the global market is categorized into fixed wings and rotorcraft. On the basis of payload, it is differentiated into below 50 tons, 51 tons to 100 tons, and 101 tons and above. By application, the global market is fragmented into troop airlifting, cargo supply, and others.   Region wise, the military transport aircraft market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Surge in demand for rotorcraft airplanes and rapid technological advancements in air transportation services act as the key driving forces of the market. However, high maintenance & upgradation cost associated with the existing aircraft fleet restrain the market growth. On the contrary, rise in need of replacing aging fleets and upsurge in defense spending globally are anticipated to open new avenues for the growth of the market during the forecast period.

Key Findings Of The Study

  • By aircraft type, the rotorcraft segment is expected to register significant growth during the forecast period.
  • On the basis of payload, the 51 tons to 100 tons segment is anticipated to exhibit significant growth in the future.
  • Depending on application, the others segment is anticipated to exhibit significant growth in the future.
  • LAMEA is anticipated to register the highest CAGR.

Covid-19 Impact Analysis

  • COVID-19 outbreak impacted the aerospace industry significantly, which, in turn, resulted in substantial decline in the aircraft sales, shortage of raw material, and delayed delivery of aircraft.
  • Aviation industry players are facing issues such as complete halt of production activities and mandated plant closures by the government, which negatively impacted the overall market.
  • Various companies operating in the aviation industry are stepping up by reconfiguring their supply chain, production, and services for delivery of critical medical supplies.
  • However, in early 2021, markets are opening gradually to their full potential.
  • Domestic air passenger numbers have been returning to the pre-pandemic level, particularly in the developing countries such as China and Russia.
  • This situation is further expected to improve as government has started relaxing norms around the world for resuming business activities.

The key players operating across the global military transport aircraft includes Airbus SE, Aviation Industry Corporation of China (AVIC), Embraer SA, Kawasaki Heavy Industries, Leonardo SpA, Lockheed Martin Corporation, Mitsubishi Heavy Industries, Rostec, Textron Aviation, and the Boeing Company

 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Military Transport Aircraft Market by Aircraft Type (Fixed Wings and Rotorcraft), Payload (Below 50 Tons, 51 Tons to 100 Tons, and 101 Tons and Above), and Application (Troop Airlifting, Cargo Supply, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Oct 2024

Digital Substation Market

Download Sample
rep-img

Published Date Oct 2024

Argan Oil Market

Download Sample
rep-img

Published Date Oct 2024

Cold Plasma Market

Download Sample

Buy Full Version
"Military Transport Aircraft Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers