Global Military Aircraft Engines Market to Climb to USD 14.1 Bn by 2027, Forecasts SDI in Its In-demand Report Available at MarketPublishers.com26 May 2017 • by Natalie Aster
LONDON – On the back of the rapidly changing geopolitical situation worldwide, most countries make focus on the modernization of their air power, encompassing the procurement of advanced high-tech engines. Besides, defense expenditures across the developing countries of South Asia and Middle East are escalating, therefore, presenting new opportunities for the military aircraft engine manufacturers.
Numerous military engines currently become obsolete or reach the end of their operational life, owing to which, despite budget cuts, the world’s military aircraft engines market is projected to increase in the coming decade. For example, following the wars in Afghanistan and Iraq, the US and other allied countries worldwide are left with damaged and warned-out aircraft and other military equipment, including engines. This results in the strong need for large-scale upgrades as well as replacement programs.
This year, the value of the worldwide military aircraft engines market is set to reach USD 9.7 billion. Furthermore, it is poised to increase at a 3.73% CAGR through 2027 to exceed USD 14.1 billion.
Combat aircraft engines form the largest market segments, capturing a share of almost 55% of the overall market.
The comprehensive research study “The Global Military Aircraft Engines Market 2017-2027” worked out by Strategic Defence Intelligence (SDI) includes a granular analysis of the global market landscape as well as touches upon the current situation across the major geographical markets. It includes reliable info on the market dynamics, growth limiters and drivers, emerging challenges and opportunities, and prevailing and emerging trends. The report sheds light the recent industry developments and technological advancements, examines the main market segments, presents strategic insights and highlights the competitive landscape, profiles top players. Additionally, a future outlook for the military aircraft engines market through 2027 is at hand in the report.
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