Global Fighter Aircraft Market 2023-2030

Description

List of Tables

Global Fighter Aircraft Market Size, Share & Trends Analysis Report by Take-off and Landing (Conventional Take-Off and Landing (CTOL), Short Take-Off and Landing (STOL), and Vertical Take-Off and Landing (VTOL)), and by Aircraft Type (Light Attack, Multirole Fighter, Electronic Warfare (EW), and Trainer), Forecast Period (2023-2030)

The global fighter aircraft market is anticipated to grow at a substantial CAGR of 3.7% during the forecast period (2023-2030). Escalating tensions and regional conflicts can worsen weaknesses and cause a need for enhanced air defense capabilities. Consequently, nations may prioritize investments in modernizing their air forces with advanced fighter jets. This serves a dual purpose: deterring potential aggression and securing air superiority. Public anxieties and pressures during such periods can further influence governments to prioritize defense spending and acquire fighter jets, often viewed as potent symbols of national power and deterrence. The specific nature of the conflict or geographical setting can dictate the most crucial fighter jet capabilities. Instances include enhanced maneuverability for mountainous terrain, long-range strike capabilities for distant targets, or specialized sensors for border patrol and maritime surveillance.

In case of Russia and Ukraine, the war is based on land disputes because of which the tensions between Russia and the NATO countries have increased which in turn has led to several NATO members, including Poland and Slovakia, expressing interest in acquiring additional fighter jets, particularly F-35s, to strengthen their air defenses and prevent potential Russian aggression, which in turn is benefitting the fighter aircraft industry.

Segmental Outlook

The global fighter aircraft market is segmented on take-off and landing, and aircraft type. Based on the take-off and landing, the market is sub-segmented into Conventional Take-Off And Landing (CTOL), Short Take-Off And Landing (STOL), and Vertical Take-Off And Landing (VTOL). Further, based on the aircraft type, the market is sub-segmented into light attack, multirole fighter, electronic warfare, and trainer.

Conventional Take-Off and Landing (CTOL) Sub-Segment is Anticipated to Hold a Considerable Share of the Global Fighter Aircraft Market

Among the Take-off and Landing, the Conventional Take-Off and Landing (CTOL) sub-segment is expected to hold a considerable share of the global fighter aircraft market. Conventional Take-Off and Landing (CTOL) fighter jets stand out for their diverse operational capabilities. Their ability to handle air-to-air combat, ground attack, reconnaissance, and interception missions effectively positions them as true multirole platforms, ideally suited for a wide range of scenarios. Furthermore, the extensive adoption of CTOL jets generates economies of scale, translating to competitive production and maintenance costs compared to less prevalent STOL and VTOL alternatives. Additionally, CTOL jets demonstrably outperform their counterparts in terms of crucial metrics like speed, range, and altitude. This inherent advantage enables them to cover greater distances, engage targets rapidly, and carry heavier payloads - all critical factors for large-scale operations and complex missions. Beyond performance, their design flexibility accommodates the integration of larger and more sophisticated weapon systems, significantly broadening their combat potential and effectiveness against diverse threats.

Regional Outlook

The global fighter aircraft market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, Asia-Pacific is anticipated to exhibit highest CAGR in the global market. The rapid modernization of China's military is one of the major factors for the region's growth. One more factor is the increase in the defense budgets of the countries in the region and also emphasizing their focus on made-in-the-country products. The rapid increase in the air force fleet size by every country in the region is also one of the major factors for the region's growth.

North America Holds Considerable Share in the Global Fighter Aircraft Market

Among all regions, the North America is anticipated to grow at a considerable CAGR over the forecast period. The presence of major big fighter aircraft manufacturers in the region, such as Lockheed Martin is akey factor driving the regional market growth.. US exports many aircraft to several countries across the globe. The increase in technological advancements in the region is also one of the factors for the constant growth of the region.

Market Players Outlook

The major companies serving the fighter aircraft market include Airbus, Boeing Co., Dassault Aviation, Lockheed Martin Corp., Saab AB, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in July 2023, Thales Group plans to acquire Cobham aerospace communications in the year 2024. The deal is to be signed at $ 1 billion. According to the acquisition, the company aims to make its cockpit communication system more secure.

The Report Covers:

Market value data analysis of 2022 and forecast to 2030.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global Fighter Aircraft market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

Product Code: OMR2028050

1. Report Summary

Current Application Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
3.2. Airbus SE
- 3.2.1. Overview
- 3.2.2. Financial Analysis
- 3.2.3. SWOT Analysis
- 3.2.4. Recent Developments
3.3. Boeing Co.
- 3.3.1. Overview
- 3.3.2. Financial Analysis
- 3.3.3. SWOT Analysis
- 3.3.4. Recent Developments
3.4. Dassault Aviation
- 3.4.1. Overview
- 3.4.2. Financial Analysis
- 3.4.3. SWOT Analysis
- 3.4.4. Recent Developments
3.5. Lockheed Martin Corp.
- 3.5.1. Overview
- 3.5.2. Financial Analysis
- 3.5.3. SWOT Analysis
- 3.5.4. Recent Developments
3.6. Saab AB
- 3.6.1. Overview
- 3.6.2. Financial Analysis
- 3.6.3. SWOT Analysis
- 3.6.4. Recent Developments
3.7. Key Strategy Analysis

4. Market Segmentation

4.1. Global Fighter Aircraft Market by Take-off and Landing
- 4.1.1. Conventional Take-Off and Landing (CTOL)
- 4.1.2. Short Take-Off and Landing (STOL)
- 4.1.3. Vertical Take-Off and Landing (VTOL)
4.2. Global Fighter Aircraft Market by Aircraft Type
- 4.2.1. Light Attack
- 4.2.2. Multirole Fighter
- 4.2.3. Electronic Warfare (EW)
- 4.2.4. Trainer

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Aero Vodochody A.S.
6.2. Antonov State Co.
6.3. BAE Systems plc
6.4. Bharat Electronics Ltd.
6.5. CAE Inc.
6.6. Chengdu Aircraft Industry Group
6.7. Collins Aerospace
6.8. Denel SOC Ltd.
6.9. Embraer S.A.
6.10. Eurofighter Jagdflugzeug GmbH
6.11. General Electric Aviation
6.12. HAL Korut (Turkey)
6.13. Hindustan Aeronautics Ltd.
6.14. Honeywell Aerospace
6.15. Irkut Corp.
6.16. Israel Aerospace Industries Ltd.
6.17. Kawasaki Heavy Industries, Ltd.
6.18. Korean Aerospace Industries Co., Ltd.
6.19. Leonardo S.p.A.
6.20. Mikoyan Design Bureau
6.21. Mitsubishi Heavy Industries, Ltd.
6.22. Northrop Grumman Corp.
6.23. Pilatus Aircraft Ltd.
6.24. Pratt & Whitney
6.25. Rafael Advanced Defense Systems Ltd.
6.26. Rolls-Royce plc
6.27. Sukhoi Co.
6.28. Textron Aviation Inc.
6.29. Tupolev PJSC
6.30. Turkish Aerospace Industries, Inc.
6.31. Yakovlev Design Bureau