Strategic Bomber Market Growth, Trends Outlook and Forecasts To 2020

Strategic Bomber Market Analysis, Share and Size, Emerging Trends,
Overview and Outlook, Growth And Segment Forecasts To 2020
Technavio Announces the Publication of its Research Report – Global Strategic Bomber Market 20162020
Technavio recognizes the following companies as the key players in the global strategic bomber market:
Boeing, Northrop Grumman, Tupolev, and Xi'an Aircraft Industry.
Commenting on the report, an analyst from Technavio’ s team said: “Modernization of aging bombing
fleets will be a key trend for market growth. Amid a budget sequestration environment, development
and procurement of strategic bombers fleets is a challenging prospect, as they require a multitude of
considerations apart from the complexity arising from changing spending patterns of global defense
organizations. Therefore, major countries such as the US and Russia have initiated numerous
sustainment and modernization programs for their aging bombing fleets rather than going for new
product development.”
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According to the report, one of the key drivers for market growth will be utilization of strategic bombers
in maritime military drills/patrols. The strategic bombers are extensively used in maritime military
exercises. For instance, three B-52 Stratofortress bombers of the Air Force Global Strike Command
(AFGSC) of the US took part in the joint NATO Baltic military drills conducted at the military airport in
Gloucestershire, UK, in June 2016. Along with the US, 15 other NATO member countries like the UK,
Finland, and Sweden also took part in the military drills.
Further, the report states that the increasing adoption of air superiority fighter and multirole combat
aircraft in many countries remains as one of the major challenges that strategic bombers are facing
currently. Owing to the high procurement cost and greater maintenance overheads of strategic
bombers, the acceptance of the former two variants of aircraft has gained popularity in the last decade.
Also, due to technological advancements, the integration of advanced avionics and stealth technologies
has become feasible in an air superiority fighter aircraft.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
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About Strategic Bombers
Strategic bombers are predominantly flown to penetrate hostile territories and drop a large amount of
air-to-ground weaponry for debilitating combat capabilities of the enemy forces. While strategic
bombers are specifically designed to destroy strategic targets, like logistic facilities, infrastructures, and
defense installation facilities, tactical fighters and attack aircraft are used for air interdiction operations
that target enemy combatants and military platforms. Owing to the changing nature of warfare, the
roles and responsibilities of strategic bombers are also getting transformed. Defense organizations are
strategizing on deploying long-range strike platforms that are more capable in the era of dominating
maneuver warfare.
Technavio’ s analysts forecast the global strategic bomber market to grow at a CAGR of 3.78% during the
period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global strategic bomber market
for 2016-2020. To calculate the market size, the report considers the evenue generated in the overall
market from the procurement of new aircraft, funding for sustainment, and modernization of existing
strategic bombers.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Strategic Bomber Market 2016-2020, has been prepared based on an indepth market analysis with inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
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Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
[email protected]

According to the report, one of the key drivers for market growth will be utilization of strategic bombers in maritime military drills/patrols. The strategic bombers are extensively used in maritime military exercises