Special Mission Aircraft Market by Platform (Military Aircraft and UAVs), Application (ISR, Command & Control, Combat Support, Maritime Patrol, Emergency Services, and Others): Global Market Size Estimates and Forecast (2019–2030)

Code: BMIRE00025805 | Pages: 100 | Industry: Aerospace and Defense | Date: Sep 2022 | Type: Global

The special mission aircraft market was valued at US$ 11.59 billion in 2021 and is expected to hit US$ 18.00 billion by 2030, recording a CAGR of 5.2% during the forecast period.

The Rising Military Spending by Different Countries is Catalyzing the Adoption of Special Mission Aircraft Globally

The rising military expenditure by different countries across the world is one of the major factors boosting the special mission aircraft procurement growth. For instance, in 2021, the US invested around US$ 800 billion compared to US$ 778 billion in 2020 as its military expenditure that supported the development and procurement of new special mission aircraft models for the military forces. Similarly, in 2021, China spent around US$ 293 billion compared to US$ 257 billion in 2020 in its military expenditure. Such investments of armed forces from various countries is supporting the development and procurement of special mission aircraft for operating several missions such as surveillance and emergency mission operations. Moreover, the growing adoption of special mission unmanned aerial vehicles (UAVs) is another major factor catalyzing the special missions market growth for military aviation segment.

Within the report, the market is segmented into platform, application, and geography. By platform, the market is further segmented into military aircraft and UAV. Based on application, the market is segmented into ISR, command & control, combat support, maritime patrol, emergency services, and others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Get more information on this report :

Growing Demand for Maritime Patrol Aircraft is Further Augmenting the New Opportunities for Market Vendors.

The demand for maritime security is another major factor propelling the growth of maritime patrol aircraft across different water borders. Many naval forces are procuring maritime surveillance aircraft in large quantities to conduct ISR operations to ensure the safety across maritime borders. For instance, in March 2022, Bird Aerosystems had received order for a King-Air 350 Special Mission Maritime Patrol Aircraft that has been integrated with its ASIO solution and provides the capability of maritime and coastal surveillance, patrol and survey of borders, and monitoring capabilities. Similarly, in February 2022, the Indian Navy received 12th units of Boeing’s Poseidon P8 aircraft that has been deployed for special maritime security operations. Such instances are propelling the market growth of special mission aircraft worldwide.

The Rising Penetration of Surveillance UAVs is Another Major Factor Accelerating the Special Mission Aircraft Market Growth.

The military segment is expected to pace up the adoption of special mission aircraft including UAVs worldwide. Armed forces and non-state groups employ unmanned aerial systems. Electronic communications and technologies are critical for autonomous and remotely driven aerial vehicles. As the number of duties delegated to unmanned systems grows, the demand for counter-unmanned aerial systems (UAS) and electronic warfare (EW) technologies to counter them also grows. Unmanned aerial vehicles have become an important feature of armed forces worldwide. Transforming surveillance and imagery data has become easier by deploying electronic warfare devices on unmanned platforms. Various unmanned EW missions benefit from integrating unmanned systems with communication jammers or electronic surveillance equipment. Furthermore, unmanned EW planes do not require people, lowering the chance of human casualties. As a result of these advantages, countries including the US, India, and China plan to purchase and deploy additional UAVs in their military forces. Many defense contractors are closely working with several companies for the development of specific and customized mission aircraft models. The special mission UAVs perform specific surveillance operations and also provides combat support for any military operations. For instance, the war between Russia-Ukraine and China-Taiwan, many special mission drones are used for conducting cross-border surveillance and provide combat support. Such instances are likely to generate new opportunities for market vendors as the other country’s armed forces are also deploying special mission UAVs in large numbers.

Recent Strategic Developments in the Special Mission Aircraft Market

The special mission aircraft market has undergone several significant developments, and a few of these have been mentioned below:

  • In July 2022, a NATO country awarded a contract worth US$ 200 million to Israel Aerospace Industries (IAI) for the procurement of multiple units of special mission aircraft.
  • In December 2020, Raytheon Technologies Corporation secured SOCOM Aircraft Mission Processor supply contract worth of US$ 99 million for the period of seven years. Under this contract the company is producing special mission processors for the US Special Operations Command’s MC-130J Commando II and AC-130J Ghostrider aircraft platforms.
  • In July 2022, Textron Aviation introduced a Cessna Citation Longitude Maritime Patrol Aircraft that is capable to perform maritime patrolling operations for the users.

The special mission aircraft market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. o United Aircraft Corporation, BIRD Aerosystems, Textron Aviation Inc., Northrop Grumman Corporation, Dassault Aviation, Lockheed Martin Corporation, SaaB AB, Bombardier, IAI, and Boeing are among the prominent players operating in the market.

Target audience for the report:

  • Component providers
  • Special mission aircraft manufacturers and component suppliers
  • Special mission aircraft software developers and integrators
  • Trainer aircraft OEMs
  • General Aviation OEMs
  • Technology Integrators
  • Military-related associations, organizations, forums, and alliances
  • Commercial aviation-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Electronic component suppliers
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Platform:
    • Military Aircraft
    • UAVs
  • Application
    • ISR
    • Command & Control
    • Combat Support
    • Maritime Patrol
    • Emergency Services
    • Others
  • Region
    • North America
      • US
      • Canada
      • Mexico
    • Europe
    • Asia Pacific (APAC)
    • Middle East & Africa
    • South America
  • Companies profiled
    • United Aircraft Corporation
    • BIRD Aerosystems
    • Textron Aviation Inc.
    • Northrop Grumman Corporation
    • Dassault Aviation
    • Lockheed Martin Corporation
    • SaaB AB
    • Bombardier
    • Israel Aerospace Industries (IAI)
    • Boeing
  • United Aircraft Corporation
  • BIRD Aerosystems
  • Textron Aviation Inc.
  • Northrop Grumman Corporation
  • Dassault Aviation
  • Lockheed Martin Corporation
  • SaaB AB
  • Bombardier
  • Israel Aerospace Industries (IAI)
  • Boeing
Report Code
Full Name
Country Name
Email Id
Phone Number
Job Title
Company
Requirement

Note : Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.


Purchase Options
Single User License
$2000
Site License
$3000
Enterprise License
$4000