Report Id: SNS/A&D/1676 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Special Mission Aircraft Market Size was valued at US$ 16 billion in 2022, expected to reach USD 21.66 billion by 2030, and grow at a CAGR of 4.8% over the forecast period 2023-2030.
The special purpose aircraft have capabilities in numerous areas, including antisubmarine warfare, maritime patrol, and airborne early warning and control. With piracy becoming a serious worry, another key application for Special Mission Aircraft is maritime patrol. With fast rising technology and a competitive environment in the area, the demand for qualified and trained individuals is increasing, yet interest and enrollment are decreasing. This is a constraint on market expansion, but it is also a challenge. Over the forecast period, the worldwide special purpose aircraft market is expected to rise significantly. Rising geopolitical tensions in and throughout the world, extensive drug trafficking, and high-seas piracy are factors driving market expansion. Cross-border conflicts caused by internal insurgencies in the country, as well as aid provided to task forces deployed, increase the market.
There is a growing demand for air-to-air refueling to facilitate overseas deployment.
The number of military bases in the Asia Pacific is increasing.
Strict regulatory requirements for the manufacture of special mission airplane components
increasing requirement to curb illegal activities piracy, drug trafficking, & terrorism, rising adoption of technology
Sensor technology advancements are fuelling demand for unmanned aerial vehicles.
They are also used in missions for tracking, monitoring, and destructing targets using enhanced technologies.
UAV’s must have a continuous and uninterrupted power source.
Drones that rely on lithium-ion batteries for power have durability difficulties.
THE IMPACT OF COVID-19
Many industries around the world have had a negative impact over the past 18 months. This is due to the severe disruption experienced by their production and supply chain operations due to various closure of security measures, as well as other restrictions imposed by the ruling authorities around the world. The same applies to the global market of Special Mission Aircraft. In addition, consumer demand is also declining as people are more willing to cut unnecessary costs from their budgets as the general economic situation of many people is severely affected by these developments. The aforementioned developments are expected to put a strain on the International Mission Aircraft market revenue during the forecast period. However, as the ruling authorities begin to lift these forced doors, the global Special Mission Aircraft market is expected to recover accordingly.
The market is segmented by application into ISR, command and control, combat support, transportation, and search and rescue. The Global Special Mission Aircraft Market Intelligence, Surveillance, and Reconnaissance (ISR) segment is expected to be the largest and fastest-growing during the forecast period due to key factors such as increased defence sector adoption of ISR activities in several battlefield functions and rising government initiatives to improve ISR globally.
One of the primary market drivers is the increasing necessity of such aircraft in giving real-time data during a critical emergency. Signal Intelligence special mission aircraft offer critical tactical and strategic intelligence for onboard and ground real-time and off-line analysis. Electronic Intelligence and Communications Intelligence sensors, as well as several aerial operator positions, compose the integrated SIGINT system. The system looks for, intercepts, measures, locates, analyses, categorises, and monitors communications and radar broadcasts. A real-time picture of the situation is built, and real-time reports are sent to field commanders and intelligence organisations. A fighter jet is a military plane designed for air-to-air combat with other planes. Multiple countries, notably the United States, China, and India, are considering innovative ways to modernize its airborne defence capabilities, including the acquisition of several special mission aircraft. The growth in territorial disputes throughout the world, as well as the rising use of asymmetric warfare strategies by various forces, has resulted in an increase in demand for combat UAVs. These unmanned aerial vehicles are employed for intelligence gathering, surveillance, and information transmission. They are also utilised in operations that use modern technologies to monitor, track, and destroy targets. Over the last decade, weaponized UAVs have been frequently utilised to combat terrorism. Aside from the military, UAVs are fast being embraced in a variety of commercial and civil uses, including agriculture, real estate, mining, photography, oil and gas, product delivery, monitoring greenhouse gas emissions, and wildlife research and preservation.
MARKET KEY PLAYER
Boeing Company, The, Bombardier Aerospace, Belfast, Lockheed Martin Corporation, Northrop Grumman Corporation, SAAB AB, Dassault Aviation SA, Textron Inc., and other players.
Unmanned Aerial Vehicle
Commercial & Civil
by Point of Sale
Intelligence, Surveillance, & Reconnaissance
Command and Control
Air /Rocket Launch
Scientific Research and Geological Surveys
North America dominates the market by region, with Asia Pacific a close second due to its characteristic of bilateral trade agreements with adjacent countries, interchange of commodities, and nurturing commitments. Special mission aircraft refers to aircraft that supplement the role of combat aircraft in military operations and does not refer to marine aircraft as the sole carriers in this sector.
The market is expected to rise throughout the forecast period as a result of an increase in global investments by Foreign Institutions. Aircraft suppliers, aircraft manufacturers, and aircraft pilot training organisations, technological support providers and software/hardware services and solution providers, regulatory bodies, consultancies, armed forces, naval forces, air force, and defence forces are the primary market stakeholders.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 16 Billion|
|Market Size by 2030||US$ 21.66 Billion|
|CAGR||CAGR of 4.8% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Platform (Military Aviation, Commercial Aviation, Unmanned Aerial Vehicle)
• By Component (Sensors, Communication Suite, Protection Suite, Others)
• By End-User (Defence, Commercial & Civil, Space)
• By Point of Sale (OEM, Aftermarket)
• By Application (Intelligence, Surveillance, & Reconnaissance, Command and Control, Combat Support, Emergency Services, Transportation, Air /Rocket Launch, Scientific Research and Geological Surveys, Other Applications)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Boeing Company, The, Bombardier Aerospace, Belfast, Lockheed Martin Corporation, Northrop Grumman Corporation, SAAB AB, Dassault Aviation SA, Textron Inc., and other players.|
|DRIVERS||• There is a growing demand for air-to-air refueling to facilitate overseas deployment.
• The number of military bases in the Asia Pacific is increasing.
|RESTRAINTS||• Strict regulatory requirements for the manufacture of special mission airplane components
• increasing requirement to curb illegal activities piracy, drug trafficking, & terrorism, rising adoption of technology
Frequently Asked Questions (FAQ) :
Strict regulatory requirements for the manufacture of special mission airplane components and increasing requirement to curb illegal activities piracy, drug trafficking, & terrorism, rising adoption of technology
According to SNS insiders, the Global Special Mission Aircraft Market size was USD 14.21 billion in 2021 and is expected to reach USD 21.19 billion by 2028 with a CAGR of 4.8% over the forecasted period.
Yes, this report cover top down , bottom up Quantitative Research. Qualitative Research, Fundamental Research, data triangulation, ID’s & FGDs Analytical research, And other as per report requirement.
Drones that rely on lithium-ion batteries for power have durability difficulties and They are also used in missions for tracking, monitoring, and destructing targets using enhanced technologies.
There is a growing demand for air-to-air refueling to facilitate overseas deployment And The number of military bases in the Asia Pacific is increasing.
Table of Content:
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Special Mission Aircraft Market, by Platform
8.1 Military Aviation
8.2 Commercial Aviation
8.3 Unmanned Aerial Vehicle
9.Special Mission Aircraft Market, by Component
9.3 Communication Suite
9.4 Protection Suite
10.Special Mission Aircraft Market, by End-User
10.2 Commercial & Civil
11.Special Mission Aircraft Market, by Point of Sale
12. Special Mission Aircraft Market, by Application
12.1 Intelligence, Surveillance, & Reconnaissance
12.2 Command and Control
12.3 Combat Support
12.4 Emergency Services
12.6 Air /Rocket Launch
12.7 Scientific Research and Geological Surveys
12.8 Other Applications
13. Regional Analysis
13.2 North America
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4.2 South Korea
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.3 South Africa
13.6 Latin America
13.6.3 Rest of Latin America
14.1 Boeing Company, The
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Bombardier Aerospace, Belfast
14.3 Lockheed Martin Corporation
14.4 Northrop Grumman Corporation
14.5 SAAB AB
14.6 Dassault Aviation SA
14.7 Textron Inc.
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share analysis
15.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.