Global Light Attack and Reconnaissance Aircraft Market 2017-2021

Light attack and reconnaissance aircraft industry opportunities

The global light attack and reconnaissance aircraft market research report identifies that the alternative to heavy and cost-intensive fighter aircraft will be one of the major factors that will have a positive impact on the growth of the market. Many countries around the world are finding it hard to maintain and operate their aircraft though they have a capable portfolio of aerial platforms. These countries are compelled to operate outdated aerial platforms with ineffective qualities in securing the safety and integrity of their country. To counter this, countries are gradually shifting their focus toward light attack and reconnaissance aircraft with low procurement, operational, and maintenance costs. These aircrafts are the fine alternatives to the conventional military aircrafts without lowering their aerial defense capabilities. Technavio’s market research analysts predict that this market will post a revenue of close to USD 11 billion by 2021.

The development of cheaper export variant aircraft by emerging countries is one of the key light attack and reconnaissance aircraft market trends that will contribute to the market growth in the forthcoming years. The rising prices of aircraft manufacture in the developed countries provides a leverage to the emerging countries. Lower manufacturing costs and labor in the developing countries offer the players an advantage to develop aircraft at an inexpensive rate. Though the setup of the platforms will be expensive initially, the platforms will be cheaper compared with their competitors in developed countries. This trend is likely to gain popularity during the forecast period and the aircraft manufacturers are expected select developing countries for the export variants of light attack and reconnaissance aircrafts.

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• Identify latent opportunities and explorative solutions in the global light attack and reconnaissance aircraft market: research report
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• Help you build a comprehensive marketing plan, applicable across 50+ countries

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Competitive landscape and key vendors  

The vendors in the light attack and reconnaissance aircraft market are increasingly competing to showcase their platforms as a viable option for any possible buyer. These vendors are competing based on the factors such as optimum combination of size, power, and operational cost of their platforms. These vendors are also concentrating on coming up with light aircrafts comprising of improved weapons that can offer long-range strike capabilities.

The leading vendors in the market are –

• AIR TRACTOR
• Embracer
• IOMAX USA
• Textron  

The other prominent vendors in the market are AHRLAC, Hindustan Aeronautics Limited (HAL), and Hongdu Group.

Segmentation by platform and analysis of the light attack and reconnaissance aircraft market

• Fixed-wing light attack and reconnaissance aircraft market
• Rotary-wing light attack and reconnaissance aircraft market

The fixed-wing attack and reconnaissance aircrafts are increasingly used by armed forces around the world due to their characteristics such as ability to operate in high altitudes and speed ranges. Also, the rising investments in developing effective, low-cost aircraft will drive the growth of the fixed-wing attack and reconnaissance aircrafts market during the forecast period.

Geographical segmentation and analysis of the light attack and reconnaissance aircraft market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the light attack and reconnaissance aircraft market throughout the forecast period. The rising requirement to develop low-cost alternatives to substitute the use of prevailing legacy fighter aircrafts will drive the light attack and reconnaissance aircrafts market growth in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global light attack and reconnaissance aircraft market?
• What are the key market trends impacting the growth of the global light attack and reconnaissance aircraft market?
• What are the challenges to market growth?
• Who are the key vendors in the global light attack and reconnaissance aircraft market?
• What are the market opportunities and threats faced by the vendors in the global light attack and reconnaissance aircraft market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global light attack and reconnaissance aircraft market?

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