Military Aircraft Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type (Fixed Wing, Rotorcraft), By Application (Military Transport, Cargo Supply, Others), By Payload (Below 50 Tons, 51 Tons to 100 Tons, 101 Tons and Above), and By Region
Published Date: March - 2025 | Publisher: MIR | No of Pages: 280 | Industry: Aerospace and Defense | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationMilitary Aircraft Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type (Fixed Wing, Rotorcraft), By Application (Military Transport, Cargo Supply, Others), By Payload (Below 50 Tons, 51 Tons to 100 Tons, 101 Tons and Above), and By Region
The military aircraft market is a significant segment of the global defense industry, encompassing the production, procurement, and maintenance of aircraft designed for military operations. This includes fighter jets, transport aircraft, reconnaissance planes, unmanned aerial vehicles (UAVs), and helicopters. The market size is influenced by geopolitical tensions, defense budgets, technological advancements, and modernization programs.
Market Size (2023 and Beyond)
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In 2023, the global military aircraft market was valued at approximately $50-55 billion.
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The market is projected to grow at a compound annual growth rate (CAGR) of 3-5% from 2023 to 2030, reaching an estimated $65-75 billion by the end of the decade.
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Growing Need to Replace Aging Fleets Drives the Market Demand
The evolving warfare technologies and the use of sophisticated Automatic and equipment in battle operations are driving the demand to replace traditional aircraft with technologically superior aircraft. Military aircraft are the most vital aircraft of any military force. Their primary role is to defend the air and strike the enemy. They have to be quick, stealthy, heavy-payload carrying, and strike at top pinpoint's positions. Older planes must modernize with new technologies and higher capacity to match the escalating threats and meet their mission needs. Most military planes are of the fourth generation, and they can be equipped with sophisticated radars and are maneuverable and versatile. Fifth-generation planes are the newest and most advanced military planes. They are outfitted with sensors, data links, and innovative avionics. The United States possesses the world's strongest air force. In 2021, the United States Air Force consisted of 5217 aircraft, hence the most advanced and powerful fleet of aircraft worldwide. Thus, the increase in the government investments in the upgrading of military aircraft are likely to drive the demand for the military aircraft market in the world in the forecast period.
Adoption of Fifth Generation Military Aircrafts by Armed Forces Supports the High Market Demand
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Market Segmentation
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By Aircraft Type
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Fighter Jets (e.g., F-35, Su-57, Rafale)
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Transport Aircraft (e.g., C-130, A400M)
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Helicopters (e.g., Apache, Chinook)
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UAVs/Drones (e.g., MQ-9 Reaper, Bayraktar TB2)
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Reconnaissance and Surveillance Aircraft (e.g., Global Hawk)
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By Region
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North AmericaLargest market due to high defense spending by the U.S.
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EuropeGrowing investments in joint defense programs like the Eurofighter Typhoon.
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Asia-PacificRapidly expanding market driven by China, India, and South Korea.
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Middle East & AfricaIncreased procurement due to regional conflicts.
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Latin AmericaSmaller but growing market with modernization efforts.
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Key Players
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Lockheed Martin (U.S.)
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Boeing (U.S.)
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Northrop Grumman (U.S.)
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Airbus (Europe)
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Dassault Aviation (France)
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Sukhoi (Russia)
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BAE Systems (UK)
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China Aerospace & Aviation Industry (China)
In terms of country, the United States is anticipated to hold a significant market share in the forecast period, 2023-2027. The high defense expenditure and entry of new advanced military aircraft into fleet are driving the market demand.
Market Players
Airbus SE, The Boeing Company, Leonardo SpA, Lockheed Martin Corporation, Northrop Grumman Corporation, Textron Inc., Saab AB, BAE Systems PLC, Hindustan Aeronautics Limited, Korea Aerospace Industries, are the major market players operating in the global military aircraft market.
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Attribute |
Details |
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Base Year |
2021 |
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Historic Data |
2017 – 2020 |
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Estimated Year |
2022 |
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Forecast Period |
2023 – 2027 |
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Quantitative Units |
Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
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Report coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments covered |
· Type · Application · Payload |
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Regional scope |
North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
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Country scope |
United States; Canada; Mexico; China, India, Japan, Thailand, Indonesia, Australia, South Korea; Germany, France, United Kingdom, Spain, Italy, Netherlands, Russia, Poland; Brazil, Argentina; Saudi Arabia, Iran, Israel, UAE, Turkey |
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Key companies profiled |
Airbus SE, The Boeing Company, Leonardo SpA, Lockheed Martin Corporation, Northrop Grumman Corporation, Textron Inc., Saab AB, BAE Systems PLC, Hindustan Aeronautics Limited, Korea Aerospace Industries |
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Customization scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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