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The market for military aircraft was valued at USD 96.29 million in 2023, and from 2023 to 2030, it is projected to increase at a compound annual growth rate (CAGR) of 7.4%. The market for military aircraft is driven by rising defense spending and the addition of new, cutting-edge military aircraft to the fleet. The military aircraft market is dominated by fixed wing aircraft. There are numerous companies competing fiercely to provide goods and services to the military in this sector. The leading players in the industry compete on the basis of their capacity to create sophisticated, integrated systems architecture, cost effectiveness, and technological prowess.
There are both combat and non-combat aircraft platforms in a military aircraft. Combat aircraft are often produced and acquired solely by the military forces and are intended to attack, conduct reconnaissance & surveillance, and destroy the adversary using their own weaponry. The non-combat planes are employed for training and transportation. The military, border patrol authorities, law enforcement, paramilitary forces, and other specialized security organizations all use these aircraft. The industry is heavily dependent on government spending and is extremely consolidated in terms of suppliers and purchasers.
The main elements fueling the expansion of this market are changing threats and rising geopolitical instability. However, because of the growing strategic considerations, the demand from the military sector varies from year to year. Market expansion is anticipated in areas like Asia Pacific and Europe. However, it might only be limited in places like the Middle East because of fiscal restrictions on public spending.
Over the course of the projected period, rising military spending across the board is anticipated to fuel market expansion for military aircraft. Due to the constantly shifting worldwide strategic landscape, which has resulted in numerous ongoing wars throughout the world, the structure of international security systems is being undermined by rising unilateralism, hegemony, and power politics. As a result, military spending is rising globally to enhance national security. For instance, according to data from the Stockholm International Peace Research Institute (SIPRI), global military spending increased by 2.6% in 2020 compared to 2019 to reach US$ 1981 billion. The same source states that the spending was 9.3% greater than in 2011.
Additionally, throughout the course of the forecast period, the market for military aircraft is anticipated to rise due to the increasing necessity of fleet renewal and expansion with newer and more technologically sophisticated aircraft. By acquiring new generation military aircraft, many nations are concentrating on growing and modernizing their aircraft fleets. These nations' military and aerial support capabilities are advancing thanks to rising technical advancements. Aircraft replacements and fleet expansion are thus driving market increase.
Unmanned aerial vehicles (UAVs) are employed for target acquisition, reconnaissance, and surveillance. They offer combat operations, delivery and transportation, and control of battle damage. The safety of the crew members is a crucial factor driving an increase in demand for UAVs. However, an increase in UAV usage will constrict the market's expansion.
The fifth-generation fighter is currently dominating the market for military aircraft on a global scale. Several nations are focusing on extensive purchase as well as development operations for fighter jets as global defense spending rises. The market for fighter aircraft is expanding as a result of the advancement of stealth and precise weaponry technology. The focus on fifth- and sixth-generation fighter jets is growing as all nations strive to keep their combat capabilities up to date, and this trend is projected to persist in the market during the forecast period.
During the forecast period, the fixed-wing sector of the aircraft type is likely to drive market expansion in the global military aircraft market. The market for fighter aircraft is being supported by rising technological advancements in stealth and precise weapons as nations place more and more emphasis on enhancing their combat capabilities. Thus, during the course of the projection period, this trend is projected to continue in the market for military aircraft worldwide.
Report Coverage
Global Military Aircraft research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Military Aircraft report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Military Aircraft competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Military Aircraft market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Military Aircraft market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Military Aircraft market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Lockheed Martin Corporation, The Boeing Company, Northrop Grumman Corporation, Saab AB, BAE Systems PLC, Rostec, Aviation Industry Corporation of China, Korea Aerospace Industries Ltd, Mitsubishi Heavy Industries Ltd, Leonardo SpA, Textron Inc., Airbus SE, Dassault Aviation SA, and Piper Aircraft Inc, Embraer S.A. (Brazil), GE Aviation (the U.S.), Hindustan Aeronautics Limited (India), Bell Textron Inc. (the U.S.), Sukhoi Corporation (Russia), Chengdu Aircraft Industry Group (CAIG) (China).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Military Aircraft market based on the below-mentioned segments:
Global Military Aircraft Market, By Type
Fixed Wing
Rotary Blade
Global Military Aircraft market, By Application
Combat
Military Transport
Airborne Early Warning & Control
Reconnaissance & Surveillance
Global Military Aircraft Market, By System
Airframe
Engine
Avionics
Landing Gear System
Weapon System
Global Military Aircraft market, Regional Analysis
There are both combat and non-combat aircraft platforms in a military aircraft. Combat aircraft are often produced and acquired solely by the military forces and are intended to attack, conduct reconnaissance & surveillance, and destroy the adversary using their own weaponry. The non-combat planes are employed for training and transportation. The military, border patrol authorities, law enforcement, paramilitary forces, and other specialized security organizations all use these aircraft. The industry is heavily dependent on government spending and is extremely consolidated in terms of suppliers and purchasers.
The main elements fueling the expansion of this market are changing threats and rising geopolitical instability. However, because of the growing strategic considerations, the demand from the military sector varies from year to year. Market expansion is anticipated in areas like Asia Pacific and Europe. However, it might only be limited in places like the Middle East because of fiscal restrictions on public spending.
Over the course of the projected period, rising military spending across the board is anticipated to fuel market expansion for military aircraft. Due to the constantly shifting worldwide strategic landscape, which has resulted in numerous ongoing wars throughout the world, the structure of international security systems is being undermined by rising unilateralism, hegemony, and power politics. As a result, military spending is rising globally to enhance national security. For instance, according to data from the Stockholm International Peace Research Institute (SIPRI), global military spending increased by 2.6% in 2020 compared to 2019 to reach US$ 1981 billion. The same source states that the spending was 9.3% greater than in 2011.
Additionally, throughout the course of the forecast period, the market for military aircraft is anticipated to rise due to the increasing necessity of fleet renewal and expansion with newer and more technologically sophisticated aircraft. By acquiring new generation military aircraft, many nations are concentrating on growing and modernizing their aircraft fleets. These nations' military and aerial support capabilities are advancing thanks to rising technical advancements. Aircraft replacements and fleet expansion are thus driving market increase.
Unmanned aerial vehicles (UAVs) are employed for target acquisition, reconnaissance, and surveillance. They offer combat operations, delivery and transportation, and control of battle damage. The safety of the crew members is a crucial factor driving an increase in demand for UAVs. However, an increase in UAV usage will constrict the market's expansion.
The fifth-generation fighter is currently dominating the market for military aircraft on a global scale. Several nations are focusing on extensive purchase as well as development operations for fighter jets as global defense spending rises. The market for fighter aircraft is expanding as a result of the advancement of stealth and precise weaponry technology. The focus on fifth- and sixth-generation fighter jets is growing as all nations strive to keep their combat capabilities up to date, and this trend is projected to persist in the market during the forecast period.
During the forecast period, the fixed-wing sector of the aircraft type is likely to drive market expansion in the global military aircraft market. The market for fighter aircraft is being supported by rising technological advancements in stealth and precise weapons as nations place more and more emphasis on enhancing their combat capabilities. Thus, during the course of the projection period, this trend is projected to continue in the market for military aircraft worldwide.
Report Coverage
Global Military Aircraft research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Military Aircraft report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Military Aircraft competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Military Aircraft market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Lockheed Martin Corporation, The Boeing Company, Northrop Grumman Corporation, Saab AB, BAE Systems PLC, Rostec, Aviation Industry Corporation of China, Korea Aerospace Industries Ltd, Mitsubishi Heavy Industries Ltd, Leonardo SpA, Textron Inc., Airbus SE, Dassault Aviation SA, and Piper Aircraft Inc, Embraer S.A. (Brazil), GE Aviation (the U.S.), Hindustan Aeronautics Limited (India), Bell Textron Inc. (the U.S.), Sukhoi Corporation (Russia), Chengdu Aircraft Industry Group (CAIG) (China). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Military Aircraft Market from 2021 to 2030.
- Market Forecast for Military Aircraft Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Military Aircraft competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Military Aircraft
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Military Aircraft market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Military Aircraft market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Lockheed Martin Corporation, The Boeing Company, Northrop Grumman Corporation, Saab AB, BAE Systems PLC, Rostec, Aviation Industry Corporation of China, Korea Aerospace Industries Ltd, Mitsubishi Heavy Industries Ltd, Leonardo SpA, Textron Inc., Airbus SE, Dassault Aviation SA, and Piper Aircraft Inc, Embraer S.A. (Brazil), GE Aviation (the U.S.), Hindustan Aeronautics Limited (India), Bell Textron Inc. (the U.S.), Sukhoi Corporation (Russia), Chengdu Aircraft Industry Group (CAIG) (China).
Primary Target Market
- Market Players of Military Aircraft
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Military Aircraft market based on the below-mentioned segments:
Global Military Aircraft Market, By Type
Fixed Wing
Rotary Blade
Global Military Aircraft market, By Application
Combat
Military Transport
Airborne Early Warning & Control
Reconnaissance & Surveillance
Global Military Aircraft Market, By System
Airframe
Engine
Avionics
Landing Gear System
Weapon System
Global Military Aircraft market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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