A new Research and Markets report states that the global military airlift market will decline at a 0.43-percent compound annual growth rate through 2019 due to high acquisition and operations costs for military transport aircraft.
The company said Wednesday current trends in the market include the development of smaller aircraft for carrying supplies or military personnel or supporting disaster relief operations.
According to the report, ongoing coalition military programs that use transport aircraft to perform missions drive the growth of the military airlift market.
The report included the following companies in its analysis of the market:
- Alenia Aermacchi
- Aviation Industry Corporation of China
- Hindustan Aeronautics
- Kawasaki Heavy Industries
- Lockheed Martin
- Sikorsky Aircraft
- United Aircraft