Russian Military Aviation Market Falls 7%, says Janes

The latest forecasts from the trusted global agency for open-source defence intelligence estimate a programme decline of USD5 billion in Russian military aviation

LONDON (9 July 2020) – The latest forecast from Janes for the Russian military aircraft market expects it to reach the cumulative value of almost USD80 billion between 2020 –2029. Janes now forecasts Russian total programme value of USD79.5 billion, a 6.9 per cent reduction when compared with the earlier forecast of USD85.3 billion.

“The decline in programme value is mostly attributed to delays in several long-term programmes, and constraints in the ongoing production and deliveries of aircraft,” said Alessandra Giovanzanti, senior aviation analyst at Janes. “Nonetheless, construction of the first PAK-DA has been recently reported as under way, with a final aircraft to be completed in 2021. The recapitalisation of strategic airborne capabilities is essential to ensuring a modern and capable air force.”

Janes notes that despite the likely exacerbation of the downward trend of oil and gas prices, budgetary constraints and a comparatively weak rouble, Russia is still moving on with the acquisition of combat aircraft.

About Janes (www.janes.com/industryintel)

The Janes stamp of trust means supplying our customers with timely, validated, unbiased and relevant intelligence in a world crowded with increasingly unreliable information. With an unmatched legacy of more than 120 years, Janes has adapted, expanded, and developed its unique tradecraft while transitioning from a traditional military publisher to the leading global agency for open-source defence intelligence.

Janes defence industry intelligence empowers customers to make critical decisions in a dynamic and complex industry. By navigating seamlessly from mission and market insights to opportunity identification and capture tactics, customers get better insights into the drivers of demand and supply in their environment. The connectivity between Janes data sets, including market forecasts, companies, budgets, programmes, country risk, inventories and equipment, provides the actionable intelligence needed to deliver the mission.

Tags:

About Us

In a world crowded with increasingly unreliable information, Janes delivers validated open-source defence intelligence that is aligned with workflows across the defence industry, national security and government. Focused across four core capability areas, threat intelligence, equipment intelligence, defence industry intelligence and country intelligence the processes, sources and expert judgement that make up Janes tradecraft enables us to offer the highest levels of assurance.

Subscribe