Global Military Aircraft Modernization and Upgrade and Retrofit Market 2024-2028

The military aircraft modernization and upgrade and retrofit market is forecasted to grow by USD 4.48 bn during 2023-2028, accelerating at a CAGR of 4.04% during the forecast period. The report on the military aircraft modernization and upgrade and retrofit market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by incorporation of CNS systems in aircraft, emergence of SVAB, and service life extension of military aircraft fleets.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	3.43%
CAGR	4.04%
Incremental Value	$4.48bn

Technavio's military aircraft modernization and upgrade and retrofit market is segmented as below:

By Application

Combat aircraft
Transport aircraft
Others

By Type

Fixed wing aircraft
Rotary wing aircraft

By Geographical Landscape

North America
APAC
Europe
Middle East and Africa
South America

This study identifies the integration of advanced armaments in fighter jets as one of the prime reasons driving the military aircraft modernization and upgrade and retrofit market growth during the next few years. Also, rising demand for technologically advanced helicopters and growing investments in multi-layered air defense network will lead to sizable demand in the market.

The report on the military aircraft modernization and upgrade and retrofit market covers the following areas:

Military aircraft modernization and upgrade and retrofit market sizing
Military aircraft modernization and upgrade and retrofit market forecast
Military aircraft modernization and upgrade and retrofit market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading military aircraft modernization and upgrade and retrofit market vendors that include Airbus SE, BAE Systems Plc, Dassault Aviation SA, Elbit Systems Ltd., Honeywell International Inc., Israel Aerospace Industries Ltd., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Technologies Corp., Saab AB, and The Boeing Co.. Also, the military aircraft modernization and upgrade and retrofit market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR45783

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global military aircraft modernization and upgrade and retrofit market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global military aircraft modernization and upgrade and retrofit market 2018 - 2022 ($ billion)
4.2 Application Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
4.3 Type Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2023-2028 (%)
Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Combat aircraft - Market size and forecast 2023-2028
Exhibit 34: Chart on Combat aircraft - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Combat aircraft - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Combat aircraft - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Combat aircraft - Year-over-year growth 2023-2028 (%)
6.4 Transport aircraft - Market size and forecast 2023-2028
Exhibit 38: Chart on Transport aircraft - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Transport aircraft - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Transport aircraft - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Transport aircraft - Year-over-year growth 2023-2028 (%)
6.5 Others - Market size and forecast 2023-2028
Exhibit 42: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 43: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Others - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Application
Exhibit 46: Market opportunity by Application ($ billion)
Exhibit 47: Data Table on Market opportunity by Application ($ billion)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 48: Chart on Type - Market share 2023-2028 (%)
Exhibit 49: Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
Exhibit 50: Chart on Comparison by Type
Exhibit 51: Data Table on Comparison by Type
7.3 Fixed wing aircraft - Market size and forecast 2023-2028
Exhibit 52: Chart on Fixed wing aircraft - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on Fixed wing aircraft - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on Fixed wing aircraft - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Fixed wing aircraft - Year-over-year growth 2023-2028 (%)
7.4 Rotary wing aircraft - Market size and forecast 2023-2028
Exhibit 56: Chart on Rotary wing aircraft - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Rotary wing aircraft - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Rotary wing aircraft - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Rotary wing aircraft - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Type
Exhibit 60: Market opportunity by Type ($ billion)
Exhibit 61: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 APAC - Market size and forecast 2023-2028
Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 India - Market size and forecast 2023-2028
Exhibit 95: Chart on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on India - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 France - Market size and forecast 2023-2028
Exhibit 103: Chart on France - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on France - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on France - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on France - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 107: Market opportunity By Geographical Landscape ($ billion)
Exhibit 108: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 Airbus SE
Exhibit 115: Airbus SE - Overview
Exhibit 116: Airbus SE - Business segments
Exhibit 117: Airbus SE - Key news
Exhibit 118: Airbus SE - Key offerings
Exhibit 119: Airbus SE - Segment focus
12.4 BAE Systems Plc
Exhibit 120: BAE Systems Plc - Overview
Exhibit 121: BAE Systems Plc - Business segments
Exhibit 122: BAE Systems Plc - Key offerings
Exhibit 123: BAE Systems Plc - Segment focus
12.5 Dassault Aviation SA
Exhibit 124: Dassault Aviation SA - Overview
Exhibit 125: Dassault Aviation SA - Product / Service
Exhibit 126: Dassault Aviation SA - Key offerings
12.6 Elbit Systems Ltd.
Exhibit 127: Elbit Systems Ltd. - Overview
Exhibit 128: Elbit Systems Ltd. - Product / Service
Exhibit 129: Elbit Systems Ltd. - Key offerings
12.7 Honeywell International Inc.
Exhibit 130: Honeywell International Inc. - Overview
Exhibit 131: Honeywell International Inc. - Business segments
Exhibit 132: Honeywell International Inc. - Key news
Exhibit 133: Honeywell International Inc. - Key offerings
Exhibit 134: Honeywell International Inc. - Segment focus
12.8 Israel Aerospace Industries Ltd.
Exhibit 135: Israel Aerospace Industries Ltd. - Overview
Exhibit 136: Israel Aerospace Industries Ltd. - Product / Service
Exhibit 137: Israel Aerospace Industries Ltd. - Key news
Exhibit 138: Israel Aerospace Industries Ltd. - Key offerings
12.9 Lockheed Martin Corp.
Exhibit 139: Lockheed Martin Corp. - Overview
Exhibit 140: Lockheed Martin Corp. - Business segments
Exhibit 141: Lockheed Martin Corp. - Key news
Exhibit 142: Lockheed Martin Corp. - Key offerings
Exhibit 143: Lockheed Martin Corp. - Segment focus
12.10 Northrop Grumman Corp.
Exhibit 144: Northrop Grumman Corp. - Overview
Exhibit 145: Northrop Grumman Corp. - Business segments
Exhibit 146: Northrop Grumman Corp. - Key news
Exhibit 147: Northrop Grumman Corp. - Key offerings
Exhibit 148: Northrop Grumman Corp. - Segment focus
12.11 Raytheon Technologies Corp.
Exhibit 149: Raytheon Technologies Corp. - Overview
Exhibit 150: Raytheon Technologies Corp. - Business segments
Exhibit 151: Raytheon Technologies Corp. - Key news
Exhibit 152: Raytheon Technologies Corp. - Key offerings
Exhibit 153: Raytheon Technologies Corp. - Segment focus
12.12 Saab AB
Exhibit 154: Saab AB - Overview
Exhibit 155: Saab AB - Business segments
Exhibit 156: Saab AB - Key news
Exhibit 157: Saab AB - Key offerings
Exhibit 158: Saab AB - Segment focus
12.13 The Boeing Co.
Exhibit 159: The Boeing Co. - Overview
Exhibit 160: The Boeing Co. - Business segments
Exhibit 161: The Boeing Co. - Key offerings
Exhibit 162: The Boeing Co. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 163: Inclusions checklist
Exhibit 164: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 165: Currency conversion rates for US$
13.4 Research methodology
Exhibit 166: Research methodology
Exhibit 167: Validation techniques employed for market sizing
Exhibit 168: Information sources
13.5 List of abbreviations
Exhibit 169: List of abbreviations