PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1673900
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1673900
Global Military Aircraft Market is estimated to be valued at USD 50.59 Bn in 2025 and is expected to reach USD 70.29 Bn by 2032, growing at a compound annual growth rate (CAGR) of 4.8% from 2025 to 2032.
Report Coverage | Report Details | ||
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Base Year: | 2024 | Market Size in 2025: | USD 50.59 Bn |
Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
Forecast Period 2025 to 2032 CAGR: | 4.80% | 2032 Value Projection: | USD 70.29 Bn |
Report Description:
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.
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.
Detailed Segmentation-