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Global Military Aircraft Engines Industry 2016 Market Share, Size, Trends, Growth, Analysis, Outlook and Overview Research Report
Summary During the forecast period, global military aircraft engines market is to be driven by the various fleet replacement programs, modernization strategies and aircraft upgrade projects across the world. With the global geopolitical situation changing rapidly, most of the countries are concentrating on modernizing their air power, including procurement of high-tech and advance engines. Additionally, emerging economies in the Middle East and South Asian regions are witnessing increasing defense expenditure and are therefore likely to present global military aircraft engine manufacturers with greater opportunities in the coming decade Browse Detail Report With TOC @ https://marketreportscenter.com/reports/263978/the-global-military-aircraft-engines-market-20162026 Key Findings - The Global Military Aircraft Engines market is expected to be worth US$8.7 billion in 2016 and is expected increase to US$11.2 billion by 2026, representing a CAGR of 2.60% during the forecast period - Asia Pacific with an estimated share of 27.9% over the forecast period followed by the North America at 27.4% and Europe at 26.5%. The Middle Eastern market for military aircraft is expected to account for a share of 12.2% followed by the Latin American and African markets with a cumulative share of 6.0% - Combat aircraft engine and Other aircraft engines are expected to account for 46.1% and 20.2% of the