NEWTOWN, Conn., May 9, 2016 (GLOBE NEWSWIRE) -- Forecast International has released its latest analysis of the fighter/attack/trainer retrofit and modernization market. "The Market for Fighter/Attack/ Trainer Aircraft R&M" encapsulates a detailed review of 15 distinct platforms. Viewed as a group, these examples provide an in-depth look at the major trends in fighter/attack/trainer R&M.
With input from FI's team of expert analysts, over 90 individual programs have been broken out and organized into specific upgrades based on four market segments: airframes, propulsion, electronics, and armament. The most valuable segment will be electronics, expected to be worth $20.8 billion over the next 10 years.
Forecast International projects that the value of the entire retrofit and modernization market will reach $31.1 billion over the next decade. Notably, F-35 retrofits will be added to next year's analysis, as budgetary developments will make the platform a significant addition to the retrofit market.
The 10-year analysis also covers emerging technologies that are already building in-roads, and are poised to make a major impact on the market. Foremost among these developments are greater use of composite materials and gallium nitride, additive manufacturing, and the employment of passive radar technology.
"We provide our customers with a detailed picture of the retrofit and modernization market," said Matthew W. Beres, Retrofit and Modernization analyst at Forecast International. "We include a look at some of the prevailing and emergent trends in the R&M market, such as AESA radar integration and movement toward multibillion-dollar Service Life Extension Programs."
About Forecast International
Forecast International, Inc. is a leading provider of Market Intelligence and Analysis in the areas of aerospace, defense, power systems and military electronics. The firm, which publishes eight International Military Market services, also maintains a high posture of situational awareness and geopolitical analysis. Based in Newtown, Conn., USA, Forecast International specializes in long-range industry forecasts and market assessments used by strategic planners, marketing professionals, military organizations, and governments worldwide. Forecast International's resources and extensive base of experience can also be readily adapted and efficiently focused to fulfill a broad spectrum of civil and military consulting and special research requirements.
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Source:Forecast International, Inc.