Global Military Aircraft Engines Market is expected to reach US$11.2 billion by 2026; Finds New Report

The Global Military Aircraft Engines Market 2016 - 2026, During the forecast period, global military aircraft engines market is to be driven by the various fleet replacement programs, modernization strategies and aircraft upgrade projects across the world. With the global geopolitical situation changing rapidly, most of the countries are concentrating on modernizing their air power, including procurement of high-tech and advance engines. Additionally, emerging economies in the Middle East and South Asian regions are witnessing increasing defense expenditure and are therefore likely to present global military aircraft engine manufacturers with greater opportunities in the coming decade

• The Global Military Aircraft Engines market is expected to be worth US$8.7 billion in 2016 and is expected increase to US$11.2 billion by 2026, representing a CAGR of 2.60% during the forecast period
• Asia Pacific with an estimated share of 27.9% over the forecast period followed by the North America at 27.4% and Europe at 26.5%. The Middle Eastern market for military aircraft is expected to account for a share of 12.2% followed by the Latin American and African markets with a cumulative share of 6.0%
• Combat aircraft engine and other aircraft engines are expected to account for 46.1% and 20.2% of the military aircraft engine market respectively, followed by Transport aircraft engines and Rotorcraft engines, with a cumulative share of 33.6%.

The Global Military Aircraft Engines Market 2016–2026 offers a detailed analysis of the industry with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for military aircraft engines, key market trends, and challenges faced by industry participants.

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