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: January - 2025 | Publisher: MIR | No of Pages: 280 | Industry: Aerospace and Defense | Format: Report available in PDF / Excel Format
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Growing Need to Replace Aging Fleets Drives the Market Demand
The changing warfare technologies and the adoption of advanced weapons and equipment in combat situations are fueling the need to replace conventional aircraft with technologically advanced aircraft. Military aircraft are the most important aircraft of any armed force. Their main task is to defend the airspace and attack the enemy. They must be fast, stealthy, carry heavy payloads, and attack top pinpoint’s locations. Old aircraft need to update with advanced technologies and increased capacity to counter the growing threats and fulfill their mission requirements. The majority of military aircraft belonging to the fourth generation, and they can carry advanced radars and are adaptable and maneuverable. Fifth-generation aircraft are the latest and most advanced military aircraft. They are equipped with sensors, data links, and novel avionics. The United States has the strongest air force in the world. In 2021, the United States Air Force was composed of 5217 aircraft, which made it the most technologically advanced and powerful air fleet in the world. Therefore, the rise in the investments by the government in the modernization of military aircraft are expected to fuel the demand for the global military aircraft market over the forecast period.
Adoption of Fifth Generation Military Aircrafts by Armed Forces Supports the High Market Demand
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Market Segmentation
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. |
|
Pricing and purchase options |
Avail customized purchase options to meet your exact research
needs. Explore purchase options |
|
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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