Military Aircraft Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type, By Application, By Payload, and By Region

Factors Such as the Growing Adoption of Advanced Military Aircraft and the Rise in Defense Expenditure Are Driving the Growth of the Global Military Aircraft Market.

The global military aircraft market is anticipated to witness growth at a steady CAGR during the forecast period, 2023-2027. Factors such as the growing adoption of advanced military aircraft and the rise in defense expenditure are driving the growth of the global military aircraft market. Besides, high demand for technologically superior aircraft to replace conventional aircraft is being fueled by the evolution of military technology and the use of improved weaponry and equipment in conflict. The most crucial type of aircraft for any armed force is a military aircraft. They are primarily responsible for airspace defense and enemy attacks. They must be quick, covert, and able to carry large payloads and attack top-secret targets.

Older aircraft must be updated with cutting-edge technologies to meet their mission requirements and fight evolving threats. Most military aircraft are of the fourth generation, which can accommodate sophisticated radars and are flexible. The most recent and technologically sophisticated military aircraft are fifth-generation models. They have modern avionics, data connectivity, and sensors. Growing awareness about the benefits of military aircraft and increasing investments in military modernization are expected to propel the demand for the global military aircraft market in the forecast period.

The global military aircraft market is segmented on the basis of type, application, payload, regional distribution, and competitive landscape. Based on type, the market is divided into fixed-wing and rotorcraft. The primary benefit of fixed-wing aircraft is their ability to travel long distances on a single battery, making them suitable for monitoring and surveillance operations. Military drones with fixed wings can still fly and land safely in the event of total failure. Because fixed-wing aircraft have outstanding aerodynamics, the most sophisticated and potent unmanned aerial vehicles are built using fixed-wing constructions.

Major market players operating in the global military aircraft market are Airbus SE, The Boeing Company, Leonardo SpA, Lockheed Martin Corporation, Northrop Grumman Corporation, Textron Inc., Saab AB, and BAE Systems PLC, Hindustan Aeronautics Limited, and Korea Aerospace Industries.

Years considered for this report:

• Historical Years: 2017-2020
• Base Year: 2021
• Estimated Year: 2022
• Forecast Period: 2023-2027

Objective of the Study:

• To analyze the historical growth in the market size of the global military aircraft market from 2017 to 2021.
• To estimate and forecast the market size of global military aircraft market from 2023 to 2027 and growth rate until 2027.
• To classify and forecast the global military aircraft market based on type, application, guidance mechanism, region, and company.
• To identify the dominant region or segment in the global military aircraft market.
• To identify drivers and challenges for the global military aircraft market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global military aircraft market.
• To identify and analyze the profiles of leading players operating in the global military aircraft market.
• To identify key sustainable strategies adopted by market players in global military aircraft market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the country. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufacturers who could not be identified due to the limitations of secondary research. The publisher analyzed the manufacturers, distribution channels and presence of all major players across the country.

The publisher calculated the market size of the Global military aircraft market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global military aircraft market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Military Aircraft Market, By Type:

• Fixed Wing
• Rotorcraft

Military Aircraft Market, By Application:

• Military Transport
• Cargo Supply
• Others

Military Aircraft Market, By Payload:

• Below 50 Tons
• 51 Tons to 100 Tons
• 101 Tons and Above

Military Aircraft Market, By Region:

• North America
• United States
• Canada
• Mexico
• Asia-Pacific
• China
• India
• Japan
• Thailand
• Indonesia
• Australia
• South Korea
• Europe & CIS
• Germany
• France
• United Kingdom
• Spain
• Italy
• Netherlands
• Russia
• Poland
• South America
• Brazil
• Argentina
• Middle East & Africa
• Saudi Arabia
• Iran
• Israel
• UAE
• Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global military aircraft market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company’s specific needs.


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