Military Aircraft Market, By Type, By Application, By Payload, By Geography

Description

Global military aircraft market is estimated to be valued at US$ 48.27 Bn in 2024 and is expected to reach US$ 66.29 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 48.27 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	4.60%	2031 Value Projection:	US$ 66.29 Bn

Figure. Military Aircraft Market Share (%), By Region, 2024

Global military aircraft market has witnessed substantial growth over the past few decades due to escalating geopolitical conflicts and rising defense budgets of major economies. Military aircraft help nations secure their national borders and conduct counterterrorism operations. These play a critical role in modern warfare by providing strategic capabilities like intelligence gathering, airlift, aerial refueling, and close air support. Various technological upgrades like advancements in avionics, propulsion, stealth technology, and precision-guided weapons have enhanced the functionality of military jets, helicopters, and unmanned aerial vehicles (UAVs). Meanwhile, the push toward development of fifth-generation combat aircraft along with upgradation of legacy fleets is expected to boost demand in the near future.

Market Dynamics:

Factors such as increasing defense spending by developing nations to modernize their armed forces, rising instances of cross-border terrorism worldwide, frequent geopolitical tensions between countries are boosting the sales of military aircraft. Moreover, the development of advanced combat aircraft equipped with superior technologies like composite materials, stealth design, and AESA radar is propelling the market growth. However, high costs associated with production and maintenance of these aircraft coupled with budgetary constraints in some countries can hamper the market growth. Increasing demand for Unmanned Arieal Vehicles (UAVs) along with their integration in combat jets and helicopters is opening new growth avenues for market players.

Key features of the study:

This report provides in-depth analysis of the global military aircraft market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global military aircraft market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Airbus SAS, Dassault Aviation, Lockheed Martin Corporation, Textron Inc., Boeing, Leonardo S.p.A, Northrop Grumman, Pilatus Aircraft Ltd, Russian Helicopters, Saab AB, Hindustan Aeronautics Limited, General Electric, FACC AG.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
Global military aircraft market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global military aircraft market.

Detailed Segmentation-

By Type
- Fixed Wing
- Rotary Blade
By Application
- Combat
- Military Transport
- Airborne Early Warning & Control
- Reconnaissance & Surveillance
By Payload
- Below 50 tons
- 51 to 100 Tons
- 101 tons and Above
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Key Players
- Airbus SAS
- Dassault Aviation
- Lockheed Martin Corporation
- Textron Inc.
- Boeing
- Leonardo S.p.A
- Northrop Grumman
- Pilatus Aircraft Ltd
- Russian Helicopters
- Saab AB
- Hindustan Aeronautics Limited
- General Electric
- FACC AG

Product Code: CMI5311

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Payload
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New system Launch/Approvals
Impact of the COVID-19 Pandemic

4. Global Military Aircraft Market, By Type, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Fixed Wing
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Rotary Blade
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

5. Global Military Aircraft Market, By Application, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Combat
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Military Transport
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Airborne Early Warning & Control
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Reconnaissance & Surveillance
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

6. Global Military Aircraft Market, By Payload, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Below 50 tons
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
51 to 100 Tons
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
101 tons and Above
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

7. Global Military Aircraft Market, By Region, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
North America
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Application, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Payload, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - U.S.
  - Canada
  - Europe
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Application, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Payload, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - U.K.
  - Germany
  - Italy
  - France
  - Russia
  - Rest of Europe
  - Asia Pacific
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Application, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Payload, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - China
  - India
  - ASEAN
  - Australia
  - South Korea
  - Japan
  - Rest of Asia Pacific
  - Latin America
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Application, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Payload, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Application, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Payload, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - GCC Countries
  - South Africa
  - Rest of the Middle East & Africa

8. Competitive Landscape

Company Profiles
- Airbus SAS
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Dassault Aviation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Lockheed Martin Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Textron Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Boeing
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Leonardo S.p.A
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Northrop Grumman
- Pilatus Aircraft Ltd
- Russian Helicopters
- Saab AB
- Hindustan Aeronautics Limited
- General Electric
- FACC AG

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
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