Global Military Aircraft Engines Market to be Worth USD 11.2 Billion, Expects SDI in Its Report Published at MarketPublishers.com26 May 2016 • by Natalie Aster
LONDON – The global market for military craft engines is expected to be worth USD 8.7 billion. This marketplace is set to see further growth in the years to come due to such factors as fleet replacement programs, aircraft upgrade projects and modernization strategies in different countries.
At present, countries increasingly focus on modernizing air power they have. Besides, emerging economies in South Asia and the Middle East increase their defense expenditure, this creating new business opportunities for manufacturers of military aircraft engine.
The world’s market is forecast to surpass the USD 11 billion mark by 2026. APAC is set t be the largest player, followed by other prominent players like North America and Europe.
Combat aircraft engines are expected to hold a market share of more than 46 percent, with other engines holding a 20 percent share of this marketplace.
Topical research report “The Global Military Aircraft Engines Market 2016-2026” developed by SDI offers an up-close look at the world’s military aircraft engine marketplace. This study provides a bird’s eye view of this market. It investigates market dynamics in detail by focusing on demand drivers, trends, technological developments and major challenges.
The report delves deep into performance of each segment of this marketplace, gives estimation of their size and forecasts their growth in the years to come. The research study casts light on regional performance and covers key programs. It scrutinizes the competitive environment and contains forecasts through 2026.
- extensive overview of the marketplace;
- investigation of dynamics;
- details on the competitive landscape;
- segment analysis;
- information on major programs;
- and more.
More topical studies by SDI are available at its page.