Light Attack and Reconnaissance Aircraft Market 2021 Decelerating Economy Of Developing Countries

(I-TravelNewswire.Com, April 12, 2018 ) Light attack and reconnaissance aircraft are deployed for light counter-insurgency, ground attack, and surveillance operations. Conventional military aircraft with heavy armor and high-intensity munitions are very expensive, and only a few countries can afford to maintain a fleet of such aircraft. Although many countries require such aerial platforms for their defense, they are constrained by their limited defense budgets. Some countries have very low specification requirement but are forced to operate expensive, high-spec aircraft due to the lack of low-cost light aircraft. Adoption of light attack and reconnaissance aircraft is a viable option for such countries.

Publisher's analysts forecast the global light attack and reconnaissance aircraft market to grow at a CAGR of 3.49% during the period 2017-2021.

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the alternative to heavy and cost-intensive fighter aircraft will be one of the major factors that will have a positive impact on the growth of the market. Many countries around the world are finding it hard to maintain and operate their aircraft though they have a capable portfolio of aerial platforms. These countries are compelled to operate outdated aerial platforms with ineffective qualities in securing the safety and integrity of their country. To counter this, countries are gradually shifting their focus toward light attack and reconnaissance aircraft with low procurement, operational, and maintenance costs. These aircrafts are the fine alternatives to the conventional military aircrafts without lowering their aerial defense capabilities.

Key vendors
-AIR TRACTOR
-Embraer
-IOMAX USA
-Textron

Other prominent vendors
-AHRLAC
-Hindustan Aeronautics Limited (HAL)
-Hongdu Group.

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Market driver
-Decelerating economy of developing countries

Market challenge
-Development of substitutes

Market trend
-Development of cheaper export variant aircraft by developing countries

Fundamentals of Table of Content:

PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Global construction market
PART 06: Market drivers
PART 07: Market trends
PART 08: Global AEC market
PART 09: Market segmentation by product
PART 10: Geographical segmentation
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Five forces model
PART 14: Key vendor analysis
PART 15: Key vendor profiles

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