Global Special Mission Aircraft Market to Reach $14.3 Billion by 2026

SAN FRANCISCO, July 4, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Special Mission Aircraft - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

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Edition: 7; Released: January 2022
Executive Pool: 3291
Companies: 43 - Players covered include Boeing Company, The; Bombardier Aerospace, Belfast; Lockheed Martin Corporation; Northrop Grumman Corporation; SAAB AB; Textron Inc. and Others.
Coverage: All major geographies and key segments
Segments: Application (Intelligence, Surveillance and Reconnaissance (ISR), Maritime Patrol, Anti-Surface Warfare & Anti-Submarine Warfare, Airborne Warning & Control, Search & Rescue, Refueling); Operation (Air Force, Naval, Army)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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Global Special Mission Aircraft Market to Reach $14.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Special Mission Aircraft estimated at US$11.7 Billion, is projected to reach a revised size of US$14.3 Billion by 2026, growing at a CAGR of 3.3% over the analysis period. Air Force, one of the segments analyzed in the report, is projected to record a 3.5% CAGR and reach US$7.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Naval segment is readjusted to a revised 3.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.6 Billion in 2021, While China is Forecast to Reach $2.5 Billion by 2026
The Special Mission Aircraft market in the U.S. is estimated at US$3.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2026 trailing a CAGR of 3.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 2.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

Army Segment to Reach US$2.6 Billion by the year 2026
In the global Army segment, USA, Canada, Japan, China and Europe will drive the 3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.8 Billion will reach a projected size of US$2.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyRtm
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.