Special Mission Aircra/ Market worth $18.

3 billion by
2025

The report "Special Mission Aircraft Market by Platform

(Military Aviation, Commercial Aviation, UAV), by Application
(ISR, Command and Control, Combat Support, Air-Launch/
Rocket Launch) by Payload, by End-User, by Point of Sale,
and by Region - Forecast to 2025", size is projected to grow
from USD 13.5 billion in 2020 to USD 18.3 billion by 2025, at a
CAGR of 6.2% from 2020 to 2025. The market is driven by
various factors, such as the growing need for air-to-air refueling to
support overseas deployment and increasing usage of UAVs in
military operations.

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The special mission aircraft market includes major players Boeing
(US), Lockheed Martin (US), Dassault Aviation (France), Textron
Aviation (US) and Northrop Grumman (US). These players have
spread their business across various countries includes North
America, Europe, Asia Pacific, Middle East, Africa, and South
America. COVID-19 has impacted their businesses as well.
Industry experts believe that COVID-19 could affect special
mission aircraft production by 7–10% globally in 2020.
Increasing strategic and tactical operations in military is
driving the growth of Military Aviation
The military aviation segment is expected to be the largest market
by value. The growth of the military aviation segment of the
special mission aircraft market can be attributed to the growing
demand for special mission aircraft for usage in various special
missions carried out by the military forces such as
reconnaissance and surveillance operations.
The air-launch/rocket launch segment is projected to witness
a higher CAGR during the forecast period
Based on application, the air-launch/rocket launch segment is
projected to be the highest CAGR rate for the special mission
aircraft market during the forecast period. These special mission
aircraft are provided with capabilities to carry out missions related
to releasing a rocket, missile, or other aircraft payloads. The
payload is often tucked under the wing of the launch aircraft.
The sensors segment is projected to witness a higher CAGR
during the forecast period
Based on the payload type, the sensors segment is projected to
be the highest CAGR rate for the special mission aircraft market
during the forecast period. The optical sensors are used for
military or law enforcement applications that include both visible
and infrared sensors. EO/IR systems provide total situational
awareness during day and night and in low light conditions. Many
types of radar are used in aviation, such as area radars,
surveillance radars, and approach radars. ELINT sensors support
multiple operational applications such as ESM for situational
awareness and real-time creation of EOB (Electronic Order of
Battle), Early Warning, Passive Air Situation Picture, and in-depth
analysis of the intercepted signals.
The defense segment is projected to witness a higher CAGR
during the forecast period
Based on the end-user, the defense segment is projected to be
the highest CAGR rate for the special mission aircraft market
during the forecast period. Military special mission aircraft are
used for ground attack missions, air-to-air combat, and maritime/
naval attack by defense forces worldwide. Various federal law
enforcement agencies around the world such as the National
Security Agency (NSA) (US), Federal Security Service (FSB)
(Russia), National Security Council (NSC) (India), and Ministry of
State Security (MSS) (China), among others, are using special
mission aircraft for intelligence, surveillance, and reconnaissance
(ISR) and border protection activities.
The North America market is projected to contribute the
largest share from 2020 to 2025
North America is projected to be the largest regional share for the
special mission aircraft market during the forecast period. The US
is one of the largest developers, operators, and exporters of
special mission aircraft and systems, globally, and thus accounts
for a large share of the North American region in the global
special mission aircraft market.
North American countries it is home to prominent players
manufacturing a wide range of technologically improved avionics
systems and aircraft components. Leading aircraft manufacturers,
such as the Boeing Company and Textron Inc., and major aircraft
system and component manufacturers, such as Honeywell
Aerospace, Inc., Collins Aerospace, UTC Aerospace Systems,
Woodward, Inc., and Moog Inc., are headquartered in the US.
As per the Stockholm International Peace Research Institute
(SIPRI), the US was the leading military spender in 2019, at USD
732 billion, which was as much as the next eight top military
spender countries in 2019. Military contracts acquired by US
companies such as Boeing and Lockheed Martin have generated
substantial revenue for this region in the market.
Boeing (US), Lockheed Martin (US), Dassault Aviation (France),
Textron Aviation (US) and Northrop Grumman (US), among
others, are some of the leading players operating in the special
mission aircraft market. These players have adopted various
organic and inorganic growth strategies to strengthen their
position in the market. These include new product developments,
contracts, partnerships, expansions, agreements, acquisitions,
and research & development (R&D) activities further to expand
their presence in the special mission aircraft market.
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