Military Multirole Aircraft Market Report 2026

The military multirole aircraft market size has grown steadily in recent years. It will grow from $40.98 billion in 2025 to $42.72 billion in 2026 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to increasing global defense budgets, technological advancements in avionics and weapon systems, rising geopolitical tensions and regional conflicts, modernization programs of aging aircraft fleets, strategic partnerships and defense procurement agreements.

The military multirole aircraft market size is expected to see steady growth in the next few years. It will grow to $50.33 billion in 2030 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to growing demand for multi-mission capable aircraft, integration of artificial intelligence and autonomous systems, focus on stealth and low-observable technologies, expansion of emerging defense markets, emphasis on interoperability and network-centric warfare capabilities. Major trends in the forecast period include multirole combat optimization, stealth & low-observable technologies, advanced avionics integration, payload flexibility & modularity, lifecycle maintenance & cost reduction.

The increase in global defense spending is expected to drive the growth of the military multirole aircraft market. Defense spending refers to the financial resources allocated by governments to maintain and enhance their armed forces, ensuring national security. This includes costs for personnel, equipment procurement, operations, and defense-related research. The rise in defense spending is mainly driven by escalating global tensions, territorial disputes, and the necessity to modernize aging military systems. Increased defense budgets enable governments to invest in versatile, advanced platforms that offer operational flexibility, cost efficiency, and enhanced force projection capabilities. For example, in April 2025, the Stockholm International Peace Research Institute, a Sweden-based independent research organization, reported that U.S. military expenditure in 2024 reached $997 billion, reflecting a 5.7% increase from 2023. As a result, the growing defense spending is fueling the growth of the military multirole aircraft market.

Companies in the military multirole aircraft market are focusing on developing advanced technologies, including stealth capabilities, to enhance aircraft survivability and minimize radar detection in hostile environments. Stealth technology involves using specialized materials and design features to reduce an aircraft’s radar cross-section (RCS) and infrared signature, making it harder to detect and track. For instance, in December 2023, Lockheed Martin Corporation, a U.S.-based aerospace and defense company, launched the F-35A Lightning II variant for the Israeli Air Force. This aircraft integrates stealth features, advanced sensors, and multirole combat capabilities, providing enhanced situational awareness, NATO interoperability, and precision strike capabilities. The F-35A deployment strengthens air defense and supports international security operations by delivering superior performance in contested airspace.

In October 2024, L3Harris Technologies Inc., a U.S.-based defense company, ended its partnership with Embraer S.A., a Brazil-based company that manufactures military multirole aircraft. This decision allows L3Harris to pursue independent tactical airlift strategies, stepping away from the joint effort to offer the C-390 Millennium to the U.S. Air Force. The shift in strategy reflects L3Harris’s focus on exploring other tactical airlift opportunities on its own.

Major companies operating in the military multirole aircraft market are Aviation Industry Corporation of China Ltd., Airbus SE, Boeing Company, Lockheed Martin Corporation, Northrop Grumman Corporation, Mitsubishi Heavy Industries Ltd., Rostec, Leonardo S.p.A., Textron Inc., Dassault Aviation SA, Chengdu Aircraft Industry Group, United Aircraft Corporation, Israel Aerospace Industries Ltd., Embraer Defense & Security, BAE Systems plc, SAAB AB, Hindustan Aeronautics Limited, Korea Aerospace Industries Ltd., Turkish Aerospace Industries Inc.

North America was the largest region in the military multirole aircraft market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the military multirole aircraft market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have impacted the military multirole aircraft market by increasing costs of imported components such as avionics, engines, and composite materials, disrupting supply chains primarily in Asia-Pacific and North America. Fighter jets and electronic warfare aircraft are the most affected segments due to high component import dependency. Positively, tariffs have encouraged local manufacturing initiatives, boosting domestic production capabilities and innovation in aircraft design.

The military multirole aircraft market research report is one of a series of new reports that provides military multirole aircraft market statistics, including the military multirole aircraft industry global market size, regional shares, competitors with the military multirole aircraft market share, detailed military multirole aircraft market segments, market trends, and opportunities, and any further data you may need to thrive in the military multirole aircraft industry. This military multirole aircraft market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Military multirole aircraft are advanced combat aircraft designed to carry out multiple missions, such as air-to-air combat, ground attack, reconnaissance, and electronic warfare. These versatile aircraft are engineered to reduce the need for specialized aircraft, improving operational efficiency and flexibility for modern military forces.

The main types of military multirole aircraft include single-engine, twin-engine, and multi-engine aircraft. Single-engine aircraft are powered by a single engine and are typically used for general aviation purposes, including training, personal transport, and light commercial use. These aircraft serve various roles, including air-to-air combat, air-to-ground combat, electronic warfare, reconnaissance, and training. They are utilized in applications such as aerial reconnaissance, forward air control, air interdiction, air defense suppression, close air support, aerial combat, and electronic warfare.

The countries covered in the military multirole aircraft market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The military multirole aircraft market consists of sales of advanced fighter jets, surveillance planes, transport aircraft, and combat helicopters. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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