Global Military Airlift Market 2015-2019
About Military Airlift
Military airlifts use rotary-wing or fixed-wing aircraft in transporting military personnel, military supplies or carrying out humanitarian relief operations during natural disasters and calamities. They are mainly used for either strategic or tactical purposes. Depending on terrain, the aircraft could either land at the airbase to unload its cargo or drop them in mid-flight using parachutes.
TechNavio's analysts forecast the Global Military Airlift market to decline at a CAGR of 0.43 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Military Airlift market for the period 2015-2019. It provides a global overview and growth prospects of the market by geography. The report presents the key vendors in this market and a corresponding detailed analysis of the vendors. In addition, the report discusses the major drivers that are influencing the growth of the market and also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
TechNavio's report, the Global Military Airlift Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, the APAC region and the EMEA region. The report also includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Global Military Airlift Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Military Airlift Market: Airbus Group, Boeing Company, Finmeccanica SpA and Lockheed Martin Corp.
Other Prominent Vendors in the market are: Alenia Aermacchi, Antonov, Aviation Industry Corporation of China, Embraer, HAL, Ilyushin, Kawasaki Heavy Industries, NHIndustries, Sikorsky Aircraft and United Aircraft.
Commenting on the report, an analyst from TechNavio’s team said: “One key trend emerging in this market is the new military airlift aircraft development programs. The Air Transport market currently favors smaller aircraft, and several manufacturers are developing aircraft that are aimed at replacing the larger models such as the Lockheed C-130 Hercules.”
According to the report, one of the major drivers of the market is coalition military programs such as the SAC-HAW, which is the coalition of transatlantic allies consisting of 12 member nations. The coalition forces utilize military transport aircraft (Boeing C-17 Globemaster III), and were involved in 878 missions in 2013, carrying 48,586 passengers and 37,526 tons of cargo.
Further, the report states that one of the major challenges in themarket is the high cost of acquisition and operation of military transport aircraft. For instance, the Lockheed Martin C-130J, one of the most widely used military transport aircraft, costs approximately US$70 million. The cost would be much higher considering the related equipment, training, and support expenses.
Airbus, Boeing, Finmeccanica, Lockheed Martin, Alenia Aermacchi, Antonov, Aviation Industry Corporation of China, Embraer, Hindustan Aeronautics , Ilyushin, Kawasaki Heavy Industries, NHIndustries, Sikorsky Aircraft , United Aircraft
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