The Global Special Mission Aircraft Market size is projected to grow from USD 13.5 billion in 2020 to USD 18.3 billion by 2025, at a CAGR of 6.2% from 2020 to 2025. The market is driven by various factors, such as the increasing usage of UAVs in military operations and the growing need for air-to-air refueling to support overseas deployment.
Boeing (US), Lockheed Martin (US), Dassault Aviation (France), Textron Aviation (US), and Northrop Grumman (US), among others, are some of the leading players operating in the special mission aircraft market. These players have adopted various organic and inorganic growth strategies to strengthen their position in the market. These include new product developments, contracts, partnerships, expansions, agreements, acquisitions, and research & development (R&D) activities further to expand their presence in the special mission aircraft market.
Boeing is one of the world's largest aerospace companies and the leading manufacturers of commercial jetliners, defense, space, and security systems, and service providers of aftermarket support. The company supports airlines and the US and allied government customers in more than 150 countries. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information, and communication systems, and performance-based logistics and training. Boeing’s commercial derivative aircraft combine the versatility of commercial airplanes with the powerful military capability to support global mission execution.
Lockheed Martin Corporation is a US-based global security and aerospace company principally involved in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. The company operates through four business segments, namely, Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.
Dassault Aviation designs and manufactures both combat aircraft and business jets. It makes the Falcon line of luxury business jets, including the 7X, 900LX, and 2000LX. The US subsidiary Falcon Jet sells and provides finishing services for the company's newly built jets, including fuselage painting and installation of interiors and other components. In addition, Dassault builds military aircraft, such as the Mirage and Rafale jet fighters.
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