DUBLIN--(BUSINESS WIRE)--May 15, 2018--The "Global Military Aircraft Modernization and Retrofit Market - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

A military aircraft is any rotary-wing or fixed-wing aircraft that is operated by a legal armed service of any type. They are used for combat missions or the transportation of military personnel and military supplies. There is a severe need to get the fleet upgraded and retrofitted with modern aircraft systems, to extend their service life for current combat situations and strategic missions.

To stay operational, these aircraft are fitted with modern aircraft systems and components. This trend is most prevalent in some of the Asia-Pacific and Eastern European countries. Due to budget crunch and an aging fleet, mostly of Soviet-era aircraft, these markets go in for the retrofit option. India, with its primarily Soviet-era aircraft, routinely upgrades its old aircraft, like the MIG, Mi-8, Mi-17 & Mig-27.

The global military aircraft modernization and retrofit market can be segmented by product type and geography. Geographically, the market is segmented into North America, South America, Europe, Middle East & Africa, and Asia-Pacific. The global military aircraft market is undergoing a period of major transition.

By product type, the market is segmented into combat aircraft and transport aircraft, of which, the combat aircraft segment dominated the market and is expected to occupy the largest market share by 2023. This will boost the aircraft modernization market in the region, as the country will increasingly spend lesser amounts on new aircraft.

Companies Mentioned

rockwell collins L3 communications BAE systems Elbit Systems Honeywell Israel Aerosapce industries Lockheed martin Northrop Grumann Sagem Dssault Aviation Garmin

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Overview and Trends

4. Market Dynamics

5. military aircraft modernization and retrofit market, segmented by aircraft

6. military aircraft modernization and retrofit market, segmented by geography

7. Competitive Landscape

8. Company Profiles

9. Future outlook of the market

10. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/45c4nb/global_military?w=4

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Related Topics:Military Aircraft

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING AEROSPACE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 05/15/2018 05:19 AM/DISC: 05/15/2018 05:19 AM

http://www.businesswire.com/news/home/20180515005682/en