According to MarketIntelReports’ “Global Light Attack and Reconnaissance Aircraft Market Research Report 2017”:
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The attack aircraft is deployed for light counter insurgency, surveillance operations, and ground attack. It can find, track, and attack targets on its own. The conventional modern attack aircraft which has heavy armor is quite expensive. However, a few countries can afford such types of aircrafts. Some of the countries have a low specification requirement, but are compelled to operate a high specification aircraft due to the lack of the low cost aircraft. The light attack helicopter is a bankable option for such countries. The low economy of emerging countries is a major asset for the Light Attack and Reconnaissance Aircraft Market.
Scope & Regional Forecast of the Light Attack and Reconnaissance Aircraft Market
Development of cheaper export fighter attack aircraft will boost the Light Attack and Reconnaissance Market. Developing countries take advantage of the increasing prices involved in the development of aircrafts. The low cost of manufacturing and labor provides the countries the ability to build low cost fighter jet.
Some of the countries are not able to implement the aircraft procurement programs. This will hamper the growth of the airforce light. Development of substitutes also restricts the market growth.
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In the last decade, growth of the military aircraft has increased, which has resulted in defence agencies focusing on developing the aircrafts to reduce the costs. Many economies focus on developing ISR aircraft, since it has the required combat capabilities.
The light attack and reconnaissance aircraft transports soldiers faster than a conventional aircraft. Earlier, this aircraft had limitations due to short range of its fire weapons. However, laser guided rockets have improved the firing range of the airforce aircraft.
Segmentations & Key Players Involved in the Light Attack and Reconnaissance Aircraft Market
The Light Attack and Reconnaissance Aircraft Market can be broken down into various segments as follows:
Product- Fixed-Wing and Rotary-Wing.
Application- Navy, airforce, and Army.
Region- North America, Europe, China, Japan, Southeast Asia, India.
Some of the key players involved in the Light Attack and Reconnaissance Aircraft Market are as follows:
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