HOME › Research Insight › The Special Mission Aircraft Market has witnessed partnerships, agreements, and collaborations made by key players between 2012 and 2015.
The Special Mission Aircraft Market has witnessed partnerships, agreements, and collaborations made by key players between 2012 and 2015.
Special mission aircraft represent a diverse segment of the military aircraft market. Although, this segment includes maritime patrol aircraft designed for direct combat with enemy forces, it is dominated by aircraft that are designed to support and increase the effectiveness of combat aircraft in operations against the enemy. The global special mission aircraft market is expected to grow from USD 10.49 Billion in 2015 to USD 12.49 Billion by 2020, at a CAGR of 3.5% from 2015 to 2020.
The key players in the special mission aircraft market include Lockheed Martin Corporation, Northrop Grumman Corporation, Textron Inc., Bombardier Inc., SAAB AB, Boeing, and Israel Aerospace Industries Ltd. These players have adopted various strategies to expand their global presence and increase their market share. Partnerships, agreements, collaborations, joint ventures, mergers & acquisitions, expansions, and new product launches are some of the key strategies adopted by market players to enhance growth in the special mission aircraft market.
The Special Mission Aircraft Market has witnessed partnerships, agreements, and collaborations made by key players between 2012 and 2015. In February 2016, Bombardier signed a contract worth USD 3.8 billion to provide 75 Bombardier C Series aircraft to Air Canada. In addition to this, in July 2015, Boeing formed a strategic alliance with Bell Helicopter to deliver V-22 Ospreys to Japan. In August 2014, Northrop Grumman Corporation signed a contract with Redstone Defense Systems of the U.S. With this contract, Northrop Grumman provided a scalable, fully integrated mission equipment package for the UH‑60L. Similarly, in November 2013, Saab AB signed a contract with the Spanish Navy to deploy the Skeldar Unmanned Aerial System (UAS) for maritime operations. In January 2016, the Ministry of Defense of the U.S. signed a contract with Lockheed Martin to support the Desert Hawk 3 UAS program, and offer it online as a Core Defence Capability.
Major players operating in this market have launched new products and offerings to strengthen their product portfolio and expand their client base. For instance, in September 2014, Textron Systems Weapon & Sensor Systems and Unmanned Systems successfully tested the FuryTM, which is a lightweight, precision-guided glide weapon, launched at the U.S. Army’s Yuma Proving Ground in Arizona. Moreover, in February 2014, IAI unveiled the new and improved Medium-Altitude Long-Endurance Unmanned aerial system.
Special mission aircraft vendors’ worldwide are continuously innovating their products to enhance their portfolio and gain competitive edge over other market players. In addition to this, special mission aircraft are being increasingly adopted by the Air Force, Navy, and Army across the globe for various operations.
Special Mission Aircraft Market by Operation (Air Force, Naval, Army), by Application (ISR, Maritime Patrol, Anti-Surface Warfare & Anti-Submarine Warfare, Airborne Warning & Control, Search & Rescue, Refueling), and by Region - Global Forecast to 2020
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India