PUBLISHER: TechSci Research | PRODUCT CODE: 1886409
PUBLISHER: TechSci Research | PRODUCT CODE: 1886409
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The Global Fighter Aircraft Market, valued at USD 55.40 Billion in 2024, is projected to experience a CAGR of 6.19% to reach USD 79.45 Billion by 2030. Fighter aircraft are military fixed-wing platforms engineered primarily for air-to-air combat, often possessing multirole capabilities for ground attack. The market's expansion is fundamentally supported by escalating geopolitical tensions globally, which necessitate enhanced air defense capabilities and drive increased national defense expenditures.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 55.40 Billion |
| Market Size 2030 | USD 79.45 Billion |
| CAGR 2025-2030 | 6.19% |
| Fastest Growing Segment | Multi-Role Fighter |
| Largest Market | North America |
Key Market Drivers
Escalating geopolitical tensions and regional conflicts significantly influence the global fighter aircraft market by compelling nations to enhance their defense capabilities. Heightened international instability and ongoing disputes directly translate into increased military spending to safeguard national interests and project power. Governments prioritize advanced aerial platforms to deter potential aggressors and maintain air superiority, viewing modern fighter aircraft as critical defense components.
Key Market Challenges
A significant impediment to the expansion of the global fighter aircraft market stems from the substantial research and development costs associated with next-generation programs. These extensive financial outlays for advanced systems, including stealth technology and artificial intelligence integration, create considerable budgetary pressures. Such high development expenditures often lead to increased unit costs for modern fighter jets, subsequently constraining acquisition volumes for many nations.
Key Market Trends
Unmanned-manned teaming (UMT) represents a strategic evolution in aerial combat, integrating unmanned aerial vehicles with manned fighter jets to enhance operational capabilities. This approach extends sensor reach, increases weapon capacity, and mitigates pilot risk, driving demand for advanced data links and autonomous systems. According to the European Defence Agency (EDA), investments in researching, developing, and procuring new defence capabilities in EU Member States were expected to rise from around €59 billion in 2021 to €102 billion in 2024.
In this report, the Global Fighter Aircraft Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the Global Fighter Aircraft Market.
Global Fighter Aircraft Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: