Military Aircraft Modernization & Retrofit Market Report: Trends, Forecast and Competitive Analysis to 2030

Military Aircraft Modernization & Retrofit Trends and Forecast

The future of the military aircraft modernization & retrofit market looks promising with opportunities in the fixed-wing and rotary-wing markets. The military aircraft modernization & retrofit market is expected to reach an estimated $57.0 billion by 2030 with a CAGR of 2.3% from 2024 to 2030. The major drivers for this market are increasing military expenditure of emerging economies, growing traction of combat aircraft, as well as, investing in research and development (R&D) activities to increase aircraft speed, destructive force, power and stealth capabilities.

A more than 150-page report is developed to help in your business decisions.

Military Aircraft Modernization & Retrofit by Segment

The study includes a forecast for the global military aircraft modernization & retrofit by aircraft type, system type, and region.

Military Aircraft Modernization & Retrofit Market by Aircraft Type [Shipment Analysis by Value from 2018 to 2030]:

• Fixed-Wing
• Rotary-Wing

Military Aircraft Modernization & Retrofit Market by System Type [Shipment Analysis by Value from 2018 to 2030]:

• Navigation Systems
• Weapon Systems
• Headup Displays
• Optronic Equipment
• Fire Control Radars
• Defensive Systems
• Others

Military Aircraft Modernization & Retrofit Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Military Aircraft Modernization & Retrofit Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies military aircraft modernization & retrofit companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the military aircraft modernization & retrofit companies profiled in this report include-

• BAE Systems
• Elbit Systems
• Honeywell
• Israel Aerospace Industries
• L3Harris Technologies
• Leonardo
• Lockheed Martin

Military Aircraft Modernization & Retrofit Market Insights

Lucintel forecasts that weapon systems is expected to witness the highest growth over the forecast period due to the growing focus on interoperability and development of new technologies.

APAC is expected to witness highest growth over the forecast period due to increasing defense spending and geopolitical tensions in the region.

Features of the Military Aircraft Modernization & Retrofit Market

Market Size Estimates: Military aircraft modernization & retrofit market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Military aircraft modernization & retrofit market size by aircraft type, system type, and region in terms of value ($B).

Regional Analysis: Military aircraft modernization & retrofit market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different aircraft type, system type, and regions for the military aircraft modernization & retrofit market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the military aircraft modernization & retrofit market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the military aircraft modernization & retrofit market size?

Answer: The global military aircraft modernization & retrofit market is expected to reach an estimated $57.0 billion by 2030.

Q2. What is the growth forecast for military aircraft modernization & retrofit market?

Answer: The global military aircraft modernization & retrofit market is expected to grow with a CAGR of 2.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the military aircraft modernization & retrofit market?

Answer: The major drivers for this market are increasing military expenditure of emerging economies, growing traction of combat aircraft, as well as, investing in research and development (R&D) activities to increase aircraft speed, destructive force, power and stealth capabilities.

Q4. What are the major segments for military aircraft modernization & retrofit market?

Answer: The future of the military aircraft modernization & retrofit market looks promising with opportunities in the fixed-wing and rotary-wing markets.

Q5. Who are the key military aircraft modernization & retrofit market companies?

Answer: Some of the key military aircraft modernization & retrofit companies are as follows.

• BAE Systems
• Elbit Systems
• Honeywell
• Israel Aerospace Industries
• L3Harris Technologies
• Leonardo
• Lockheed Martin

Q6. Which military aircraft modernization & retrofit market segment will be the largest in future?

Answer: Lucintel forecasts that weapon systems is expected to witness the highest growth over the forecast period due to the growing focus on interoperability and development of new technologies.

Q7. In military aircraft modernization & retrofit market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to increasing defense spending and geopolitical tensions in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the military aircraft modernization & retrofit market by aircraft type (fixed-wing and rotary-wing), system type (navigation systems, weapon systems, headup displays, optronic equipment, fire control radars, defensive systems, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?