The Military Aerospace Coatings Market is projected to reach USD 390.7 million by 2023. The market size of military aerospace coatings is projected to grow from USD 310.7 million in 2018 to USD 390.7 million by 2023, at a CAGR of 4.69% from 2018 to 2023. The market is driven by a wide range of user types, namely, OEMs and MRO service providers for different military aircraft. In addition, the increasing number of fixed wing and rotary wing military aircraft globally is also expected to drive the use of military aerospace coatings in the OEM and MRO user type industry.    

Browse 96 market data Tables and 39 Figures spread through 105 Pages and in-depth TOC on "Military Aerospace Coatings Market by Resin Type (Polyurethane and Epoxy), Technology (Liquid and Powder), User Type (OEM and MRO), Aircraft Type (Fixed Wing and Rotary Wing), and Region (North America, Europe, APAC) - Global Forecast to 2023".

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Polyurethane (PU) is the largest resin type segment of the military aerospace coatings market

The military aerospace coatings market has been segmented on the basis of resin into polyurethane, epoxy, and others which include acrylic and silicone. In 2018, the PU resin type is estimated to account for the largest market share, in terms of volume, due to the demand for military aerospace coatings for fixed wing and rotary wing military aircraft. PU is used as a top coat and epoxy is generally used as primer. The UV resistant property leads to the high demand for the PU resin.

Rising demand from emerging economies is expected to drive the military aerospace coatings market during the forecast period

North America is expected to account for the largest share of the military aerospace coatings market, in terms of both, volume and value by 2023.  But, the military aerospace coatings market in APAC is projected to grow at the highest CAGR between 2018 and 2023, in terms of value, because of the increasing number of aircraft deliveries and increasing budgets of defense sectors of China and India. China is estimated to be the leading country in the APAC military aerospace coatings market in 2018, owing to the increase in demand from the OEM and MRO user types.

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Military aerospace coatings are manufactured by using PU, epoxy, and other resin types. Major players in the market are PPG (US), Akzo Nobel (Netherlands), Sherwin-Williams (US), Hentzen Coatings (US), Mapaero (France), 3Chem (US), Creative Coatings (US), and Qioptiq (UK).

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The Military Aerospace Coatings Market is estimated to be USD 310.7 million in 2018 and is projected to reach USD 390.7 million by 2023, at a CAGR of 4.69% from 2018 to 2023.

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North America is expected to be the largest, while APAC is expected to be the fastest-growing market for military aerospace coatings, in terms of value and volume. North America is expected to retain its leadership until 2023.

Countries in these regions such as US, China, and India are witnessing an increase in the use of military aerospace coatings in the OEM and MRO user types. This can be attributed to the demand for fixed wing and rotary wing military aircraft from these regions. Increasing defense budgets; presence of a large aerospace industry; and increasing investments & expansions, mergers & acquisitions, new product launches, and joint venture activities in the region are driving the military aerospace coatings market.

The fixed-wing military aircraft type segment is projected to grow at the highest CAGR between 2018 and 2023, followed by rotary wing military aircraft. Military aerospace coatings provide wear protection, corrosion resistance, and UV resistance, reduce weight, prohibiting oxidation of metals and enhance surface hardness on aircraft substrates. As military aerospace coatings exhibit diverse properties, these are applied on the exterior surfaces of military aircraft by OEMs and MROs. Manufacturers are focusing on R&D activities to improve properties of military aerospace coatings.

PPG (US), Akzo Nobel (Netherland), Sherwin-Williams (US), Hentzen Coatings (US), Mapaero (France), 3Chem (US), Creative Coatings (US), and Qioptiq (UK) are the key players in the global military aerospace coatings market.

These market players are expected to undertake organic growth strategies, such as regional expansions, joint ventures, and new product developments to expand their overall businesses and tap the fast-growing regions. Several companies are developing innovative products as well as enhancing their presence in emerging markets.

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Moreover, major companies are focusing on strengthening their R&D facilities to provide cost-effective products. These products are manufactured adhering to regulations implemented by associations and governments. All such developments are expected to lead to the sustainable growth of the players in the military aerospace coatings market over the next 5 years.

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29 May 2019, The global aircraft ground-handling system market is subject to witness a substantial growth due to the rising globalization, increasing the global air traffic, rising focus towards ground support operations at airports. Additionally, declining airfares, increasing number of aircraft fleets, rising availability of advanced facilities, and development of the luxury travel services are expected to drive the growth of ground handling system market over the forecast period.

Shifting trend towards convenience travel for passengers and increasing per capita income among general population are some of the key driver for market growth, in the recent years. Globally, the market is predicted to grow at CAGR of 10.44% in forecast period, providing numerous opportunities for market players to invest in research and development in the aircraft ground-handling system market.

Rising demand for sophisticated services for various airport operations and airline services across to utilize every aspect of GH operations. The recent technological advancement in the aviation industry and development of novel products and technique such as use of robotics and digital communications, are expected to positively influence the growth of the ground handling system in the upcoming years.

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In addition, shifting trend towards adoption of electric propulsion instead of fossil fuels is considered as key growth factor for ground handling system market, in the near future. Development of electric-operated and biogas powered towing automobiles coupled with favorable governmental policies are expected to boost overall market performance in the upcoming years. Use of electrically operated and biogas powered towing automobile for aircraft allows engines to stay powered off unless the aircraft is at the runway’s head.

Growing number of operational airports and flights, particularly in the North America and European region are expected to incorporate numerous growth opportunities in the near future. Increasing investment by both local governments and private bodies to promote adoption of alternate fuel resources for handling equipment and vehicles, are propelling market expansion in the years to come. However, increasing requirement for optimization of operations at the peak time is expected to negatively influence industry growth to a certain extent.

The market is broadly categorized into three major types based on type of the equipment such as aircraft handling system, baggage & cargo handling system, and passenger handling system. Aircraft support equipment is considered as one of the fastest growing segment in the aircraft ground-handling system market with substantial revenue generation in the last couple of years. . Aircraft support equipment majorly consists of air start units, refuels, tow bars, wedges, deicing and anti-icing instruments, and lavatory and water support instruments.

While, the baggage and cargo support equipment market segment has also witnessed significant growth, in the recent years as well owing to the increasing demand for transport wagons, tractors, baggage loaders, trailers, and containers. Some of the critical factors such as customer satisfaction, improvements in the aircraft turnaround time, superior airport’s operational efficiency, automation of various airport services, and a rise in air travel across the globe are fostering the growth of baggage and cargo support equipment segment, in the recent years.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in aviation industry, increase in domestic traveling, and existence of well-established industrial infrastructure in the region.

Asia-Pacific region is predicted to hold major market share in the aircraft ground-handling system market with massive growth in the forecast period. Countries such as India, China, Japan and Singapore are leading the Asia-Pacific market with strong economic growth, increasing customer base for airlines, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the ground handling system are Dubai National Air Transport Association, Havas S.A., John Bean Technologies AeroTech SLU, SATS LLC, AERO Specialties, Inc., Aircraft Service International Group (ASIG), Inc., Imai Aero-Equipment Mfg. Co., Ltd., WeihaiGuangtai Airports Equipment Co., Ltd., Mallaghan Engineering Ltd., and Swissport International Ltd..

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