Light Attack & Reconnaissance Aircraft Market Pegged to Expand Robustly During 2019-2023

Light Attack & Reconnaissance Aircraft Market Research Report 2019 published By Market Research Future, provides information on Global Light Attack & Reconnaissance (LAAR) Aircraft Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Type (Fixed-Wing & Rotary-Wing), Application (Combat, Surveillance, Intelligence & Reconnaissance), Take-off-Weight (> 6000 lbs, < 6000 lbs) & Region – Global Forecast to 2024

Light Attack & Reconnaissance Aircraft Market Scenario

Light Attack and Reconnaissance (LAAR) aircraft is a lightweight propeller driven aircraft, capable of finding, tracking, and attacking targets either on its own or in support of ground forces.. Military use these aircraft as an effective method for ensuring that airpower is remaining close to the fight. This aircraft is intended to support different operational requirements of the armed forces and can be deployed in missions such as close air support, light attack, intelligence, surveillance, armed reconnaissance, and basic and primary pilot training. In addition to that, it outperforms turboprop aircraft, in terms of range, endurance, and sensors. This aircraft is rugged enough to sustain minimal damage and capable of transmitting and receiving still and video images. Therefore, significant investment has been done on the development of LAAR aircraft, which would witness a rapid growth during the forecast period.

However, only a few countries can afford to maintain a fleet of such aircraft, as they are priced highly and limited to low threat battlefield missions. The high maintenance required to eradicate the wear and tear during missions puts pressure on the defense budget. This becomes the major restraint of the market. For instance, Israel Aerospace Industries Ltd. (IAI) and Czech Aero signed a partnership agreement relating to technical and marketing cooperation for the military light combat L-159 aircraft. This aircraft is a light multirole combat aircraft designed for a variety of air-to-air, air-to-ground, and reconnaissance missions. Similarly, South African based company, AHRLAC prepared the first light attack and reconnaissance aircraft to cater to customers with smaller budgets and less infrastructure. Additionally, AHRLAC had launched Bronco II to promote the aircraft to the U.S. as a potential light attack and reconnaissance aircraft for the US military.  The aircraft have included several defensive measures, including a Missile Approach Warning System (MAWS), a Radar warning receiver (RWR), and chaff and flare dispensers. One of the best known LAAR aircraft, Mwari, has been built by the formation of a partnership between Paramount and Boeing. The platform carries an interchangeable IMPS under the cockpit, which allows a single plane to perform multiple roles, which can be loaded out with systems for electronic intelligence, signals, and communication intelligence.

Get Sample Report with Complete TOC @ https://www.marketresearchfuture.com/sample_request/5925 

The primary goal for light attack and reconnaissance aircraft is attacking targets in support of ground forces. The increased focus on the development of low-cost Intelligence, Surveillance, and Reconnaissance (ISR) aircraft will enable the flight operators to create light attack and reconnaissance aircraft. The factors responsible for the growth of the global light attack and reconnaissance aircraft market are greater emphasis on aerial ISR activities due to security concern on border security. Another key driver contributing to the growth of the global light attack and reconnaissance aircraft market is the increasing demand for continuous innovation in aircraft architecture.

Key Players

The key players in global light attack and reconnaissance aircraft market are -

  • Air Tractor (U.S.)
  • Embraer (U.S.)
  • IOMAX USA Inc. (U.S.)
  • Textron (U.S.)
  • AHRLAC (South Africa)
  • Hindustan Aeronautics Ltd (India)
  • Hongdu Group (China)
  • BAE Systems (U.K)
  • Paramount Group (South Africa)
  • Lockheed Martin (U.S.)

Embraer (ERJ) is about to get into a major joint venture agreement with Boeing (BA). There are talks of creating a new joint venture for Embraer’s commercial jet business that Boeing could control with a majority stake in it.

Ahrlac aircraft, which was built by Paramount and Ahrlac Holdings, has exceeded 300 testing hours and has been followed by a second prototype as the factory prepare for full production of the Ahrlac and its military variant the Mwari. This move will pave the way to Ahrlac being free from export restrictions.

Global Light Attack and Reconnaissance Aircraft Market, By Segmentation

The global light attack and reconnaissance aircraft market is segmented on type, application, take-off-weight, and region. Among device type, the fixed-wing is widely used and comprises the largest share in the market. Among application types, surveillance has the largest demand in the light attack and reconnaissance aircraft market during the forecast period. Surveillance devices are used on a large-scale to detect tracing of suspicious movements of humans at night.

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, the Middle East, and South America. The North America region is expected to dominate the market in future, due to the increased investment in operation and maintenance of light attack and reconnaissance aircraft. The Asia Pacific region is second to the North America region in the global light attack and reconnaissance aircraft market due to increase in collaboration with U.S. counterpart for technology transfer of aircraft architecture technology. Thus, the global light attack and reconnaissance aircraft market is estimated to witness approximately 4% CAGR from 2018 to 2024. 

Scope of Report

The report for Global Light Attack and Reconnaissance Aircraft Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Early Diners Are Offered Free Customization- Up to 20%

Get Attractive Discount @ https://www.marketresearchfuture.com/check-discount/5925 

Table of Contents

1 Executive Summary

2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model

3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis

4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends

Continued.......

List of Tables

Table 1 Global Light Attack and Reconnaissance Aircraft Market: by Region, 2018-2024
Table 2 North America Light Attack and Reconnaissance Aircraft Market: by Country, 2018-2024
Table 3 Europe Light Attack and Reconnaissance Aircraft Market: by Country, 2018-2024
Table 4 Asia Pacific Light Attack and Reconnaissance Aircraft Market: by Country, 2018-2024
Table 5 Middle East & Africa Light Attack and Reconnaissance Aircraft Market: by Country, 2018-2024
Table 6 South America Light Attack and Reconnaissance Aircraft Market: by Country, 2018-2024
Table 7 Global Light Attack and Reconnaissance Aircraft Market, by Type, by Regions, 2018-2024
Table 8 North America Light Attack and Reconnaissance Aircraft Market, by Type, by Country, 2018-2024
Table 9 Europe Light Attack and Reconnaissance Aircraft Market, by Type, by Country, 2018-2024
Table 10 Asia Pacific Light Attack and Reconnaissance Aircraft Market by Type, by Country, 2018-2024

Continued..........

Ask for your specific company profile and country level customization on reports.

Get More Information on Light Attack & Reconnaissance Aircraft Market Research Report – Forecast to 2024 @ https://www.marketresearchfuture.com/reports/light-attack-reconnaissance-aircraft-market-5925 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.