Global Military Aircraft Market Size, Share, Growth Analysis, By Type(Fighter jets, transport planes), By Technology(Advanced avionics, stealth capabilities)

Description

Global Military Aircraft Market size was valued at USD 101.43 million in 2022 and is poised to grow from USD 106.91 million in 2023 to USD 162.83 million by 2031, growing at a CAGR of 5.4% during the forecast period (2024-2031).

Technological breakthroughs and changing geopolitical tensions define the Global Military Aircraft Market. Leading companies in the field of modern fighter jets, unmanned aerial vehicles (UAVs), and military transport aircraft are Boeing, Lockheed Martin, and Airbus. Market expansion is fueled by growing defense spending, stealth technologies, and the need for multi-role capabilities. Procurement decisions are nevertheless influenced by regulatory obstacles, budgetary restrictions, and changing defense objectives. There is intense competition in the market, and innovation in fields like electronic warfare, fuel efficiency, and autonomous capabilities is becoming more and more important. The need for modernization and geopolitical developments are still influencing the direction the sector is going.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Military Aircraft Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Military Aircraft Market Segmental Analysis

Based on aircraft type, technology, and geography, the global military aircraft market may be divided into segments. Helicopters, fighter jets, transport aircraft, and unmanned aerial vehicles (UAVs) are some examples of aircraft types. Divisions of technology include autonomous systems, stealth capabilities, and sophisticated avionics. The market is segmented geographically into areas such as North America, Europe, Asia-Pacific, and the rest of the globe.

Drivers of the Global Military Aircraft Market

Ongoing geopolitical tensions and security concerns around the world drive the demand for advanced military aircraft. Nations invest in modernizing their air forces to maintain a strong defense posture and deter potential adversaries.

Restraints in the Global Military Aircraft Market

It costs a lot to develop, produce, and maintain military aircraft. Budgetary restrictions prevent several countries from investing in modifications or new aircraft. Budgets for military may also be strained by competing priorities or economic downturns.

Market Trends of the Global Military Aircraft Market

One major trend in the global military aircraft market was the development and integration of stealth technology. By lowering an aircraft's radar cross-section and other signatures, stealth technology seeks to make it harder for adversarial radar systems to identify it. The necessity of preserving air supremacy and carrying out clandestine operations in ever complex and integrated air defense settings drove this tendency.

Product Code: SQMIG20A2185

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Military Aircraft Market by Type

Market Overview
Fighter jets
transport planes
helicopters
and unmanned aerial vehicles (UAVs)

Global Military Aircraft Market by Technology

Market Overview
Advanced avionics
stealth capabilities
and autonomous systems

Global Military Aircraft Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Lockheed Martin Corporation - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Boeing Company - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Airbus SE - Netherlands/France
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Northrop Grumman Corporation - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
BAE Systems plc - United Kingdom
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Raytheon Technologies Corporation - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Saab AB - Sweden
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Leonardo S.p.A. - Italy
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Dassault Aviation SA - France
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
General Dynamics Corporation - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Sukhoi Company (United Aircraft Corporation) - Russia
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Embraer S.A. - Brazil
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Textron Inc. (Bell Textron) - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mitsubishi Heavy Industries, Ltd. - Japan
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Hindustan Aeronautics Limited (HAL) - India
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Korean Aerospace Industries, Ltd. - South Korea
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
United Aircraft Corporation - Russia
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Turkish Aerospace Industries, Inc. - Turkey
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Israel Aerospace Industries Ltd. - Israel
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Chengdu Aircraft Industry Group - China
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Military Aircraft Market Size, Share, Growth Analysis, By Type(Fighter jets, transport planes), By Technology(Advanced avionics, stealth capabilities) - Industry Forecast 2024-2031