Escalating geo-political tensions in and across the globe, wide-spread drug trafficking, and high-seas piracy are the factors favoring growth of special mission aircraft market.
Cross-border tensions arising on the account of internal insurgencies in nation and assistance rendered to task-forces deployed boost the Special mission aircraft market.
Subversive activities in and across the border ask for greater deployment of maritime aircraft with air-lifting of injured and evacuating stranded armed personnel constitute a growing market for special mission aircraft market.
Segmentation of the special mission aircraft market by operation includes air force, naval force, and army.
Segmentation by Application includes Intelligence, surveillance and reconnaissance, electronic warfare, maritime patrol, anti-surface warfare and anti-submarine warfare, airborne early warning control, electronics/signal intelligence, search and rescue and aerial refueling.
Segmentation by region applies to North America, Europe, Asia Pacific, MEA, and Latin America.
The market is further augmented by increased defense spending by developing nations such as India, China and Brazil.
The application segment comprising Intelligence, Surveillance, and reconnaissance has a leading market share owing to the efforts undertaken on its part to detect oil spills in the Indian Ocean and assess extent of damage such as determining oil spread.
The market is projected to grow in the forecast period due to surge in global investments by Foreign Institutions.
The chief stakeholders in the market include Aircraft suppliers, aircraft manufacturers, and aircraft pilot training bodies, technology support providers, and software/hardware services and solution providers, regulatory bodies, consultants, armed forces, naval forces, air force and defense forces.
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