- What you need to know...
- US and other countries in western Europe had been going through a period of sequestration and defense budget cuts since the previous decade especially in the aftermath of global financial crisis in 2007-2008, however as the economies in these countries have started to recover there have been initiatives in the direction of increase in defense budget.
- As defense outlays increase across the North America and Europe, countries in the region are expected to reinstate the aircraft procurement programs which had been deferred due to budget cuts.
- The joint development and procurement programs such as F-35 are also expected to see expedited ordering and manufacturing process as most of these countries would be looking to replenish their current fleets for creating effective deterrence.
- The US and China have already developed their fifth generation fighter aircrafts in the form of F-35 and Chengdu J-20A respectively.
This report offers detailed analysis of the Global Military fixed-wing aircraft market over the next ten years, and provides market size forecasts. Furthermore, it covers key technological and market trends in the industry, and analyzes factors influencing demand for military aircraft. Additionally, the report also highlights challenges faced by industry participants.