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Light Attack & Reconnaissance Aircraft Market 2018
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2024
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Light Attack & Reconnaissance Aircraft Market 2018
Light Attack & Reconnaissance Aircraft Market 2018: Industry Survey, Growth, Competitive
Landscape and Forecasts to 2024
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.
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Light Attack & Reconnaissance Aircraft Market 2018
“Taste the market data and market information presented through more than 50 market data tables and figures spread in 100
numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Light Attack &
Reconnaissance Aircraft Market Research Report - Global Forecast 2024”
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.
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Light Attack & Reconnaissance Aircraft Market 2018
Industry/ Innovation/ Related News:
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.
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.
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Light Attack & Reconnaissance Aircraft Market 2018
Application & Major Players in this Research:
Light Attack & Reconnaissance Aircraft Market Prominent 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.)..
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Light Attack & Reconnaissance Aircraft Market 2018
Light Attack & Reconnaissance Aircraft Market Competitive Analysis
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
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.
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