Press Release / Technology / Light Attack and Reconnaissance Market Outlook: World Approaching Demand & Growth Prospect 2018-2024

Light Attack and Reconnaissance Market Outlook: World Approaching Demand & Growth Prospect 2018-2024

Market Highlights:

Light attack and reconnaissance aircraft is a lightweight propeller that is deployed for ground attack, light counter-insurgency, and surveillance operations. The unfolding war scenario globally has shifted the focus of defense forces from heavy firepower toward more agile counterparts. A light attack and reconnaissance aircraft prove to be more effective in both insurgency and counter-insurgency missions. The factors that drive the market growth are greater stress on aerial ISR activities owing to treacherous border security and increasing demand for advancement in the aircraft architecture. The decelerating economy of developing countries who are unable to afford expensive aircraft is also driving the growth of this market. The continuous development of low-cost Intelligence, Surveillance, and Reconnaissance (ISR) aircraft will enable the flight operators to create light attack and reconnaissance aircraft.

However, the shortcoming in the light attack and reconnaissance aircraft market is that very few countries can maintain a fleet of such aircraft due to their cost and limitations to low threat battlefield missions. Furthermore, there is no development of substitutes. The advancement of remote-controlled drones eliminates the need for direct human interference, which prompts the buyers to opt out of procuring manned aircraft.

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Major Key Players

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), and Lockheed Martin (U.S.).

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.

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.

Market Segmentation

The global light attack and reconnaissance aircraft market is segmented on the basis of type, application, take-off-weight, and region.

The market is segmented into device type, which in turn is segmented into fixed wing and rotary wing. The fixed-wing is widely used and comprises the largest share of the market. Fixed wing generates a lift caused by the vehicle’s forward airspeed and the shape of the wings. Some fixed-wing aircraft are used by the air force to defend countries.

The market is segmented into application type which is segmented into surveillance, combat, intelligence, and reconnaissance. 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.

The market is segmented on the basis of take-off weight, that is >6000lbs and <6000lbs

The market is also segmented into regions, namely North America, Europe, Asia Pacific, Middle East and Africa and South America.

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Regional Analysis

Geographically, the Light Attack & Reconnaissance Aircraft Market is spread across North America, Asia Pacific, Europe, the Middle East, and South America. Among all, the North America is estimated to be the largest revenue contributor for the market in the future, owing to the increase in investment in operation and maintenance of light attack and reconnaissance aircraft. For example, the North American Rockwell OV-10 Bronco is an American twin-turboprop light attack and observation aircraft that was primarily a forward air control (FAC) aircraft. The market spread across this region is leaping high due to innovations in advanced aircraft technology such as these aircraft that are also used U.S. Air Force, U.S. Marine Corps, and U.S. Navy.

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