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Small, Highly Capable Fleets are the Order of the Day
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Military Fixed Wing end users are seeking out platforms and upgrades which are cost effective over their entire life cycle. Platforms are purchased in fewer numbers; however, higher capability is a must. Rising tensions across Central Asia and the APAC region are driving demand in these areas while requirements in emerging regions continue to grow, fuelled by strengthening economies and political posturing. Tight budgets in the West will continue to push countries to scale down fleet sizes. This global research encompasses a full study of countries utilizing more than $1 billion for defense spending, forecasting future spending on platform and modification revenue through implementation of various key parameters that have the greatest effect on the market. The market is broken into seven regions and four aircraft capability types: utility, combat, trainer and special mission. The forecast uses base data from 2014 while the forecast data covers a nine-year period from 2015 to 2023.
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