Published Date : Dec 05, 2016
ALBANY, NY, Dec 05, 2016: The publication is titled, “Global Military Aircraft Hangars Market 2016–2020.” The report is an overview of the prevalent trends and the present scenario, historical growth trajectory, and future prospects of the global military aircraft hangars market. It further presents an reports of the elements that are expected to inhibit or boost the growth of the market. A brief evaluation of the competitive landscape and the shares, key marketing strategies, and products of the companies operating in the market has also been offered in the report.
According to the report, the global military aircraft hangars market is expected to register 3% CAGR from 2016 to 2020. A military aircraft hangar refers to a secure building that shelters unmanned aerial vehicles (UAVs), helicopters, and aircraft. These aircraft hangers are constructed using concrete and metals. The global military aircraft hangars market is expected to be driven by the development of military infrastructure in remote islands. The demand for aircraft hangars is likely to intensify as they are the prime resource to develop, operate, strategize, and maintain a fleet of combat aircrafts.
Numerous countries across the globe are focusing on developing military units and aircraft hangars in remote areas as it is strategically important for the army during combat and war situations. For instance, since the advent of World War II, the United States Department of Defense has built military infrastructures in remote areas to protect themselves during emergencies. Furthermore, the Indian government has built military hangars and base in Assumption island at Seychelles to gain advantage for maritime and defense purposes in West Africa.
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The report further states that the global market for military aircraft hangars market is expected to witness a significant growth over the forthcoming years owing to the construction of aircraft hangars in museums for public display. One of the prime purposes of buildings hangar museums is to encourage the public to join the armed forces by elucidating the military capabilities before them. However, the high initial costs and costs associated with the maintenance of the hangars in the military bases is anticipated to threat the progress of the market.
Based on product, the global military aircraft hangars has been bifurcated into fixed installation and portable installation. Between these two, fixed installation accounted for the leading share in 2015 and is expected to maintain a lead until 2020 owing to the growing need to shield military aircraft from direct sunlight and severe weather changes.
Geographically, the market has been classified into Europe, the Middle East and Africa (EMEA), Asia Pacific, and the Americas. EMEA led the market in 2015 and is expected to maintain a dominance in the market over the forecast period. This growth can be attributed to the geopolitical situation in the region, rising terrorist activities, and concerns over maritime security. Some of the leading companies manufacturing military aircraft hangars are Rubb Buildings, DIUK ARCHES, Contrack Watts, Alaska Structures, and AECOM.
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