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Global Military Aircraft Modernisation and Upgrade and Retrofit Market 2015-2019

Global Military Aircraft Modernisation and Upgrade and Retrofit Market 2015-2019

About military aircraft upgrade and retrofit

Military aircraft either consist of the rotary-wing or fixed wing aircraft that are used for combat missions, or transportation of military personnel and military supplies. Many of the operational global military aircraft fleet are in service for decades. These ageing fleet of aircraft are upgraded and retrofitted with modern aircraft systems and component, to maintain the fleet's capability for modern combat and strategic missions.

Technavio's analysts forecast the global military aircraft modernization, upgrade and retrofit market to grow at a CAGR of 2.39% over the period 2014-2019.

Covered in this report

In this report, Technavio covers the present scenario and growth prospects of the global military aircraft modernization, upgrade and retrofit market for the period 2015-2019. It provides a global overview, and the growth prospects by region (Americas, APAC, and EMEA). It also presents the market landscape and a corresponding analysis of the prominent vendors in the market. In addition, it discusses the major drivers influencing market growth, outlines the challenges faced by vendors and the market as a whole, as well as the key trends emerging in the market.

Technavio's report, Global Military Aircraft Modernization, Upgrade and Retrofit 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key regions

  • Americas
  • APAC
  • EMEA
Key vendors
  • Denel Aviation
  • Elbit Systems
  • Israel Aerospace Industries
  • Rockwell Collins
  • Thales Group
Other prominent vendors
  • BAE Systems
  • Boeing
  • Dassault Aviation
  • Finmeccanica
  • Lockheed Martin
  • Northrop Grumman
Key market driver
  • Ageing fleet of military aircraft
  • For a full, detailed list, view our report
Key market challenge
  • High cost for upgradation
  • For a full, detailed list, view our report
Key market trend
  • Growing utilization of COTS component
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Military Aircraft Modernization and Upgrade and Retrofit Market 2015-2019

Technavio recognizes the following companies as the key players in the Global Military Aircraft Modernization and Upgrade and Retrofit Market: Denel Aviation, Elbit Systems, Israel Aerospace Industries, Rockwell Collins and Thales Group

Other Prominent Vendors in the market are: BAE Systems, Boeing, Dassault Aviation, Finmeccanica, Lockheed Martin and Northrop Grumman

Commenting on the report, an analyst from Technavio’s team said: “Many of the military aircraft are now using COTS components for upgradation and retrofitting requirements. COTS solutions are more cost-efficient than custom-tailored OEM-based products and solutions. For example, COTS solutions are being increasingly used in smart displays for military aircraft. The software utilized for such systems needs to provide seamless integration between different displays, and should be well-defined for mission-critical applications.”

According to the report, many of the major military forces worldwide consist of large fleets of aging aircraft. For example, the US military, one of the largest in the world, still operates fleets of Cold War-era aircraft. The current USAF aircraft fleet is 26 years old on average. The USAF further expects to operate many of its aircraft well beyond the original design service lives. Many of the other transport aircraft in the USAF are even more than 40 years old.

Further, the report states that reduction in defense budget along with a decrease in the number of troops, adversely affect the deployment of military aircraft and reduce the capability of militaries to maintain and operate existing fleets.

Companies Mentioned

Denel Aviation, Elbit Systems, Israel Aerospace Industries, Rockwell Collins, Thales Group, BAE Systems, Boeing, Dassault Aviation, Finmeccanica, Lockheed Martin, Northrop Grumman

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market size and forecast
      • Table Global military aircraft modernization, upgrade, and retrofit market 2014-2019 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
      • Table Global aerospace and defense supply chain system
      • Table Global aerospace and defense value chain system
  • Geographical segmentation
    • Segmentation of global military aircraft modernization, upgrade, and retrofit market by region
      • Table Segmentation of market by region 2014 (% share)
      • Table Segmentation of market by region 2019 (% share)
      • Table Segmentation of market by region 2014-2019 ($ billions)
      • Table Segmentation of market by region 2014-2019 (% share)
    • Military aircraft modernization, upgrade, and retrofit market in Americas
      • Table Military aircraft modernization, upgrade, and retrofit market in Americas 2014-2019 ($ billions)
    • Military aircraft modernization, upgrade, and retrofit market in EMEA
      • Table Military aircraft modernization, upgrade, and retrofit market in Americas 2014-2019 ($ billions)
    • Military aircraft modernization, upgrade, and retrofit market in APAC
      • Table Military aircraft modernization, upgrade, and retrofit market in APAC 2014-2019 ($ billions)
  • Market drivers
    • Aging fleet of military aircraft
    • Military aircraft modernization programs
    • Need for advanced aircraft systems
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
      • Table Key vendors in global military aircraft modernization, upgrade, and retrofit market
    • Other prominent vendors
  • Key vendor analysis
    • Denel Aviation
      • Table Denel Aviation: Offerings
    • Elbit Systems
      • Table Elbit Systems: Business areas by revenue 2014
      • Table Elbit Systems: Business areas by revenue 2013 and 2014 ($ billions)
      • Table Elbit Systems: Geographical segmentation by revenue 2014
    • Israel Aerospace Industries (IAI)
    • Rockwell Collins
      • Table Rockwell Collins: Business segmentation by revenue 2014
      • Table Rockwell Collins: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Rockwell Collins: Geographical segmentation by revenue 2014
    • Thales
      • Table Thales: Business segmentation by revenue 2014
      • Table Thales: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Thales: Geographical segmentation by revenue 2014
  • Appendix
    • List of abbreviations
  • Explore Technavio

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