Fixed Wing Transport Aircraft Market Is poised to grow strong during the forecast period FROM 2018-2027.
According to Stratistics MRC, the “Global Fixed Wing Transport Aircraft Market” is poised to grow strong during the forecast period 2018 to 2027. Some of the key factors influencing the market growth include an increase in investment for the new aircraft, national security, territorial integrity and sovereign state. However, the higher ejection speed and increasing maintenance cost of the old aircraft are restricting the market growth.
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A fixed wing aircraft is a flying machine which can fly with the help of wings that produce lift caused by the aircraft's forward airspeed and the shape of the wings. Fixed-wing fighter aircraft is designed and developed primarily for air to air combat and comes in various classes. This type of aircraft is generally durable for a long time period but continuous up gradation is required in terms of speed, power and ejection and stealth mode.
Opportunity: Integration of robotic pilot system in fixed wing aircraft would provide ample opportunities for the market growth.
Fixed wing fighter aircraft will be integrated with robotic pilot system which is based on artificial intelligence. Helmet mounted display is also expected to get incorporated. These will ensure advanced and accurate operations.
Driver: Need for national security is driving the market for fixed wing transport aircraft.
National security is a concept that a government should guard the state and its people against all kind of national crises through a variety of power projections. Implementation of national security requires the use of fixed wing aircraft at some situations. This factor is driving the market.
By application, the military applications segment is expected to grow at a significant market share during the forecast period as military systems around the world are being continuously upgraded. Also, the fixed wing aircraft has a major role to play in this segment.
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By geography, the Asia Pacific region is anticipated to hold considerable market share during the forecast period. The region has the presence of several key player and the main countries of the region are enhancing their military capabilities. These factors drive the market in Asia Pacific.
The Global Fixed Wing Transport Aircraft Market Leaders are Northrop Grumman, Lockheed Martin, Boeing, Dassault Aviation, Bombardier Company, Airbus, Embraer, Shenyang Aircraft, Chengdu Aircraft Industry, Sukhoi, and Russian Aircraft Corporation MiG.
Lockheed Martin: In February 2019, Lockheed Martin, Diehl, and Saab collaborated to counter emerging short and medium-range threats with a weapon system known as Falcon.
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Northrop Grumman: In October 2018, Northrop Grumman made an agreement with Airbus to work closely on the Wing of Tomorrow program. The agreement expands the current Northrop Grumman relationship with Airbus and explores complex composite wing stiffener forming automation with out-of-autoclave material systems through an investment in equipment, test articles and engineering support.
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