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PUBLISHER: IMARC | PRODUCT CODE: 1541403
PUBLISHER: IMARC | PRODUCT CODE: 1541403
Military Aircraft Modernization and Retrofit Market Report by Aircraft Type, System Type, and Region 2024-2032
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PAGES: 145 Pages
DELIVERY TIME: 2-3 business days
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The global military aircraft modernization and retrofit market size reached US$ 60.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 83.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032.
Military aircraft modernization and retrofit assists in the development and modification of an existing aircraft with digital cockpit, weapon, mission and defensive systems. It improves the capability, extends the service life, provides scheduled maintenance operations, upgrades avionics system and troubleshoot mechanical issues. At present, numerous companies are offering innovative support and services for advanced fighter aircraft, which include electronic warfare, optronics, communications, attack systems, fire control radars, radio-navigation and identification systems, cockpit display systems, helmet-mounted sight, avionics suite and electrical power generation.
Due to rising geopolitical tensions, governing agencies of various countries are upgrading their existing fleet of military aircraft with advanced systems and components to maintain a strategic advantage on the modern battlefield. This represents one of the key factors impacting the market growth positively. Moreover, the growing traction of combat aircraft is escalating the demand for military aircraft modernization and retrofit to renovate them with defensive mechanisms and equipment and enhance their aerial combat and surveillance capabilities. Apart from this, the market players are investing in research and development (R&D) activities to increase aircraft speed, destructive force, power and stealth capabilities and introduce autopilot landing systems to help pilots during extreme weather conditions. These players are also integrating enhanced communication navigation surveillance (CNS) systems to improve situational awareness and reduce the workload of pilots. This is anticipated to provide lucrative opportunities to manufacturers for expanding their consumer base in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global military aircraft modernization and retrofit market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on aircraft type and system type.
Breakup by Aircraft Type:
Fixed Wing Aircraft
Rotary Wing Aircraft
Breakup by System Type:
Navigation Systems
Weapon Systems
Headup Displays
Optronic Equipment
Fire Control Radars
Defensive Systems
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BAE Systems Plc, Elbit Systems Ltd., Honeywell International Inc., Israel Aerospace Industries Ltd., L3Harris Technologies Inc., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Safran SA, Thales Group and The Boeing Company.
Key Questions Answered in This Report:
- How has the global military aircraft modernization and retrofit market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global military aircraft modernization and retrofit market?
- What are the key regional markets?
- What is the breakup of the market based on the aircraft type?
- What is the breakup of the market based on the system type?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global military aircraft modernization and retrofit market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112024A3179
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Military Aircraft Modernization and Retrofit Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Aircraft Type
- 6.1 Fixed Wing Aircraft
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Rotary Wing Aircraft
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by System Type
- 7.1 Navigation Systems
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Weapon Systems
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Headup Displays
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Optronic Equipment
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Fire Control Radars
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Defensive Systems
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 7.7 Others
- 7.7.1 Market Trends
- 7.7.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 BAE Systems Plc
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 Elbit Systems Ltd.
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.3 Honeywell International Inc.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.3.4 SWOT Analysis
- 13.3.4 Israel Aerospace Industries Ltd.
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 L3Harris Technologies Inc.
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.6 Leonardo S.p.A.
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.6.4 SWOT Analysis
- 13.3.7 Lockheed Martin Corporation
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.7.4 SWOT Analysis
- 13.3.8 Northrop Grumman Corporation
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 Safran SA
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.9.4 SWOT Analysis
- 13.3.10 Thales Group
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.10.4 SWOT Analysis
- 13.3.11 The Boeing Company
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.11.3 Financials
- 13.3.11.4 SWOT Analysis
- 13.3.1 BAE Systems Plc
Product Code: SR112024A3179
List of Figures
- Figure 1: Global: Military Aircraft Modernization and Retrofit Market: Major Drivers and Challenges
- Figure 2: Global: Military Aircraft Modernization and Retrofit Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Military Aircraft Modernization and Retrofit Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Military Aircraft Modernization and Retrofit Market: Breakup by Aircraft Type (in %), 2023
- Figure 5: Global: Military Aircraft Modernization and Retrofit Market: Breakup by System Type (in %), 2023
- Figure 6: Global: Military Aircraft Modernization and Retrofit Market: Breakup by Region (in %), 2023
- Figure 7: Global: Military Aircraft Modernization and Retrofit (Fixed Wing Aircraft) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Global: Military Aircraft Modernization and Retrofit (Fixed Wing Aircraft) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Military Aircraft Modernization and Retrofit (Rotary Wing Aircraft) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Military Aircraft Modernization and Retrofit (Rotary Wing Aircraft) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Military Aircraft Modernization and Retrofit (Navigation Systems) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Military Aircraft Modernization and Retrofit (Navigation Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Military Aircraft Modernization and Retrofit (Weapon Systems) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Military Aircraft Modernization and Retrofit (Weapon Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Military Aircraft Modernization and Retrofit (Headup Displays) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Military Aircraft Modernization and Retrofit (Headup Displays) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Military Aircraft Modernization and Retrofit (Optronic Equipment) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Military Aircraft Modernization and Retrofit (Optronic Equipment) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Military Aircraft Modernization and Retrofit (Fire Control Radars) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Military Aircraft Modernization and Retrofit (Fire Control Radars) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Military Aircraft Modernization and Retrofit (Defensive Systems) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Military Aircraft Modernization and Retrofit (Defensive Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Military Aircraft Modernization and Retrofit (Others) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Military Aircraft Modernization and Retrofit (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: North America: Military Aircraft Modernization and Retrofit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: North America: Military Aircraft Modernization and Retrofit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: United States: Military Aircraft Modernization and Retrofit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: United States: Military Aircraft Modernization and Retrofit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Canada: Military Aircraft Modernization and Retrofit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Canada: Military Aircraft Modernization and Retrofit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Asia-Pacific: Military Aircraft Modernization and Retrofit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Asia-Pacific: Military Aircraft Modernization and Retrofit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: China: Military Aircraft Modernization and Retrofit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: China: Military Aircraft Modernization and Retrofit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Japan: Military Aircraft Modernization and Retrofit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Japan: Military Aircraft Modernization and Retrofit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: India: Military Aircraft Modernization and Retrofit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: India: Military Aircraft Modernization and Retrofit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: South Korea: Military Aircraft Modernization and Retrofit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: South Korea: Military Aircraft Modernization and Retrofit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Australia: Military Aircraft Modernization and Retrofit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Australia: Military Aircraft Modernization and Retrofit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Indonesia: Military Aircraft Modernization and Retrofit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Indonesia: Military Aircraft Modernization and Retrofit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: Others: Military Aircraft Modernization and Retrofit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: Others: Military Aircraft Modernization and Retrofit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Europe: Military Aircraft Modernization and Retrofit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Europe: Military Aircraft Modernization and Retrofit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Germany: Military Aircraft Modernization and Retrofit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Germany: Military Aircraft Modernization and Retrofit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: France: Military Aircraft Modernization and Retrofit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: France: Military Aircraft Modernization and Retrofit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: United Kingdom: Military Aircraft Modernization and Retrofit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: United Kingdom: Military Aircraft Modernization and Retrofit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Italy: Military Aircraft Modernization and Retrofit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Italy: Military Aircraft Modernization and Retrofit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Spain: Military Aircraft Modernization and Retrofit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Spain: Military Aircraft Modernization and Retrofit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Russia: Military Aircraft Modernization and Retrofit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Russia: Military Aircraft Modernization and Retrofit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Others: Military Aircraft Modernization and Retrofit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Others: Military Aircraft Modernization and Retrofit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Latin America: Military Aircraft Modernization and Retrofit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Latin America: Military Aircraft Modernization and Retrofit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Brazil: Military Aircraft Modernization and Retrofit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Brazil: Military Aircraft Modernization and Retrofit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Mexico: Military Aircraft Modernization and Retrofit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Mexico: Military Aircraft Modernization and Retrofit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Others: Military Aircraft Modernization and Retrofit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Others: Military Aircraft Modernization and Retrofit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Middle East and Africa: Military Aircraft Modernization and Retrofit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Middle East and Africa: Military Aircraft Modernization and Retrofit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Middle East and Africa: Military Aircraft Modernization and Retrofit Market: Breakup by Country (in %), 2023
- Figure 74: Global: Military Aircraft Modernization and Retrofit Industry: SWOT Analysis
- Figure 75: Global: Military Aircraft Modernization and Retrofit Industry: Value Chain Analysis
- Figure 76: Global: Military Aircraft Modernization and Retrofit Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Military Aircraft Modernization and Retrofit Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Military Aircraft Modernization and Retrofit Market Forecast: Breakup by Aircraft Type (in Million US$), 2024-2032
- Table 3: Global: Military Aircraft Modernization and Retrofit Market Forecast: Breakup by System Type (in Million US$), 2024-2032
- Table 4: Global: Military Aircraft Modernization and Retrofit Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Military Aircraft Modernization and Retrofit Market: Competitive Structure
- Table 6: Global: Military Aircraft Modernization and Retrofit Market: Key Players
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