Military aircraft market worth $61.2 billion in 2015

The global military aircraft market is expected to be worth $61.2 billion in 2015 and increase to $87.5 billion by 2025, representing a compound annual growth rate of 3.64 percent during the forecast period, according to the newly released "Global Military Fixed Wing Aircraft Market 2015-2025 report."

The 216-page report, now available with ReportsnReports.com, provides readers with a detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

 “The market is anticipated to be dominated by the North America followed by Asia Pacific and Europe,” the reports says. “The U.S. is the largest spender with a cumulative expenditure of $260.9 billion over the next decade. In terms of segments, multi-role and transport aircraft are expected to account for 56.4 percent and 22.4 percent of the military aircraft market respectively, followed by reconnaissance and surveillance aircraft and bombers.”

Major military aircraft programs discussed in this research include multi-role aircraft [F-35 Joint Strike Fighter, Rafale, Fifth-generation fighter aircraft], transport aircraft [KC-46A aerial refueling tankers, V-22 Osprey, C-17 Globemaster III, KC-390], reconnaissance and surveillance aircraft [P-8A Poseidon, E-3 Sentry (AWACS), E-2D Hawkeye, Kawasaki P-1], bombers [Long-Range Strike-B bombers, Su-34 fighter-bombers, H-18 Bomber] and training aircraft [T-X, Yak-130 and Hawk].