Military Aircraft Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type (Fixed Wing, Rotorcraft), By Application (Military Transport, Cargo Supply, Others), By Payload (Below 50 Tons, 51 Tons to 100 Tons, 101 Tons and Above), and By Region

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Summary

Report Description

The global military aircraft market is anticipated to register an impressive CAGR in the forecast period, 2023-2027. The rise in the defense expenditure and adoption of advanced military aircraft by the armed forces are the primary factors driving the demand for the global military aircraft market. Also, the launch of military modernization programs by the government authorities to replace the aging aircraft fleets and advancements in aircraft technology are expected to create lucrative growth opportunities for the global military aircraft market in the forecast period.

Growing Need to Replace Aging Fleets Drives the Market Demand

The changing warfare technologies and the adoption of advanced weapons and equipment in combat situations are fueling the need to replace conventional aircraft with technologically advanced aircraft. Military aircraft are the most important aircraft of any armed force. Their main task is to defend the airspace and attack the enemy. They must be fast, stealthy, carry heavy payloads, and attack top pinpoint’s locations. Old aircraft need to update with advanced technologies and increased capacity to counter the growing threats and fulfill their mission requirements. The majority of military aircraft belonging to the fourth generation, and they can carry advanced radars and are adaptable and maneuverable. Fifth-generation aircraft are the latest and most advanced military aircraft. They are equipped with sensors, data links, and novel avionics. The United States has the strongest air force in the world. In 2021, the United States Air Force was composed of 5217 aircraft, which made it the most technologically advanced and powerful air fleet in the world. Therefore, the rise in the investments by the government in the modernization of military aircraft are expected to fuel the demand for the global military aircraft market over the forecast period.

Adoption of Fifth Generation Military Aircrafts by Armed Forces Supports the High Market Demand

The demand for fifth-generation aircraft is increasing at a rapid rate owing to the functionalities such as advanced avionics features, integrated computer systems, low probability of intercept radar, and improved airframes. The components can communicate with the other elements of the aircraft, which enhances the situational awareness of the aircraft while flying. List of the military aircraft by country are Lockheed Martin F-22 Raptor in the United States defense, Chengdu (AVIC) J-20 (Black Eagle) by China, Mitsubishi X-2 (ATD-X / Shinshin) by Japan, HAL AMCA (Advanced Medium Combat Aircraft) by India, amongst others. The rise in cross-border conflicts and terrorism activities in countries like China, South Korea, and India are making the leading authorities take steps to modernize and strengthen their defense system. Based on the Stockholm International Peace Research Institute (SIPRI) report, the total military expenditure will reach $2113 billion in 2021. The five largest spenders in 2021 were the United States, China, India, the United Kingdom, and Russia. Therefore, the rise in the defense expenditure and adoption of advanced military aircraft are expected to propel the demand for the global military aircraft market in the next five years.


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Market Segmentation

The global military aircraft market is segmented into type, application, payload, regional distribution, and competitive landscape. Based on type, the market is divided into fixed wing and rotorcraft. Based on application, the market is divided into military transport, cargo supply, and others. Based on payload, the market is divided into below 50 tons, 51 tons to 100 tons, 101 tons and above. To analyze the market based on the region, the global military aircraft market is studied in major regions namely North America, Asia-pacific, Europe & CIS, South America, Middle East and Africa. In terms of country, the United States is anticipated to hold a significant market share in the forecast period, 2023-2027. The high defense expenditure and entry of new advanced military aircraft into fleet are driving the market demand.

Market Players

Airbus SE, The Boeing Company, Leonardo SpA, Lockheed Martin Corporation, Northrop Grumman Corporation, Textron Inc., Saab AB, BAE Systems PLC, Hindustan Aeronautics Limited, Korea Aerospace Industries, are the major market players operating in the global military aircraft market.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Type

·         Application

·         Payload

Regional scope

North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; China, India, Japan, Thailand, Indonesia, Australia, South Korea; Germany, France, United Kingdom, Spain, Italy, Netherlands, Russia, Poland; Brazil, Argentina; Saudi Arabia, Iran, Israel, UAE, Turkey

Key companies profiled

Airbus SE, The Boeing Company, Leonardo SpA, Lockheed Martin Corporation, Northrop Grumman Corporation, Textron Inc., Saab AB, BAE Systems PLC, Hindustan Aeronautics Limited, Korea Aerospace Industries

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global military aircraft market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Military Aircraft Market, By Type:
    • Fixed Wing
    • Rotorcraft
  • Military Aircraft Market, By Application:
    • Military Transport
    • Cargo Supply
    • Others
  • Military Aircraft Market, By Guidance Mechanism:
    • Below 50 Tons
    • 51 Tons to 100 Tons
    • 101 Tons and Above  
  • Military Aircraft Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Asia-Pacific
      • China
      • India
      • Japan
      • Thailand
      • Indonesia
      • Australia
      • South Korea
    • Europe & CIS
      • Germany
      • France
      • United Kingdom
      • Spain
      • Italy
      • Netherlands
      • Russia
      • Poland
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • Iran
      • Israel
      • UAE
      • Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global military aircraft market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global military aircraft market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Global Military Aircraft Market

5.    Global Military Aircraft Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value & Volume

5.2.  Market Share & Forecast

5.2.1.     By Type (Fixed Wing, Rotorcraft)

5.2.2.     By Application (Military Transport, Cargo Supply, Others)

5.2.3.     By Payload (Below 50 Tons, 51 Tons to 100 Tons, 101 Tons and Above)

5.2.4.     By Region (North America; Europe; Asia Pacific; South America and Middle East & Africa)

5.2.5.     By Company (2021)

5.3.  Product Market Map (By Type, By Region)

6.    North America Military Aircraft Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Type

6.2.2.     By Application

6.2.3.     By Payload

6.2.4.     By Country (United States; Canada; Mexico)

6.3.  Product Market Map (By Type, By Country)

6.4.  North America: Country Analysis

6.4.1.     United States Military Aircraft Market Outlook

6.4.1.1.         Market Size & Forecast

6.4.1.1.1.             By Value & Volume

6.4.1.2.         Market Share & Forecast

6.4.1.2.1.             By Type

6.4.1.2.2.             By Application

6.4.1.2.3.             By Payload

6.4.2.     Canada Military Aircraft Market Outlook

6.4.2.1.         Market Size & Forecast

6.4.2.1.1.             By Value & Volume

6.4.2.2.         Market Share & Forecast

6.4.2.2.1.             By Type

6.4.2.2.2.             By Application

6.4.2.2.3.             By Payload

6.4.3.     Mexico Military Aircraft Market Outlook

6.4.3.1.         Market Size & Forecast

6.4.3.1.1.             By Value & Volume

6.4.3.2.         Market Share & Forecast

6.4.3.2.1.             By Type

6.4.3.2.2.             By Application

6.4.3.2.3.             By Payload

7.    Asia Pacific Military Aircraft Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Application

7.2.3.     By Payload

7.2.4.     By Country (China, India, Japan, Thailand, Indonesia, Australia, South Korea)

7.2.5.     Product Market Map (By Type, By Country)

7.3.  Asia Pacific: Country Analysis

7.3.1.     China Military Aircraft Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value & Volume

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Type

7.3.1.2.2.             By Application

7.3.1.2.3.             By Payload

7.3.2.     India Military Aircraft Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value & Volume

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Type

7.3.2.2.2.             By Application

7.3.2.2.3.             By Payload

7.3.3.     Japan Military Aircraft Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value & Volume

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Type

7.3.3.2.2.             By Application

7.3.3.2.3.             By Payload

7.3.4.     Thailand Military Aircraft Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value & Volume

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Type

7.3.4.2.2.             By Application

7.3.4.2.3.             By Payload

7.3.5.     Indonesia Military Aircraft Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value & Volume

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Type

7.3.5.2.2.             By Application

7.3.5.2.3.             By Payload

7.3.6.     Australia Military Aircraft Market Outlook

7.3.6.1.         Market Size & Forecast

7.3.6.1.1.             By Value & Volume

7.3.6.2.         Market Share & Forecast

7.3.6.2.1.             By Type

7.3.6.2.2.             By Application

7.3.6.2.3.             By Payload

7.3.7.     South Korea Military Aircraft Market Outlook

7.3.7.1.         Market Size & Forecast

7.3.7.1.1.             By Value & Volume

7.3.7.2.         Market Share & Forecast

7.3.7.2.1.             By Type

7.3.7.2.2.             By Application

7.3.7.2.3.             By Payload

8.    Europe & CIS Military Aircraft Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Application

8.2.3.     By Payload

8.2.4.     By Country (Germany, France, United Kingdom, Spain, Italy, Netherlands, Russia, Poland)

8.3.  Product Market Map (By Type, By Country)

8.4.  Europe & CIS: Country Analysis

8.4.1.     Germany Military Aircraft Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value & Volume

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Type

8.4.1.2.2.             By Application

8.4.1.2.3.             By Payload

8.4.2.     France Military Aircraft Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value & Volume

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Type

8.4.2.2.2.             By Application

8.4.2.2.3.             By Payload

8.4.3.     United Kingdom Military Aircraft Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value & Volume

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Type

8.4.3.2.2.             By Application

8.4.3.2.3.             By Payload

8.4.4.     Spain Military Aircraft Market Outlook

8.4.4.1.         Market Size & Forecast

8.4.4.1.1.             By Value & Volume

8.4.4.2.         Market Share & Forecast

8.4.4.2.1.             By Type

8.4.4.2.2.             By Application

8.4.4.2.3.             By Payload

8.4.5.     Italy Military Aircraft Market Outlook

8.4.5.1.         Market Size & Forecast

8.4.5.1.1.             By Value & Volume

8.4.5.2.         Market Share & Forecast

8.4.5.2.1.             By Type

8.4.5.2.2.             By Application

8.4.5.2.3.             By Payload

8.4.6.     Netherlands Military Aircraft Market Outlook

8.4.6.1.         Market Size & Forecast

8.4.6.1.1.             By Value & Volume

8.4.6.2.         Market Share & Forecast

8.4.6.2.1.             By Type

8.4.6.2.2.             By Application

8.4.6.2.3.             By Payload

8.4.7.     Russia Military Aircraft Market Outlook

8.4.7.1.         Market Size & Forecast

8.4.7.1.1.             By Value & Volume

8.4.7.2.         Market Share & Forecast

8.4.7.2.1.             By Type

8.4.7.2.2.             By Application

8.4.7.2.3.             By Payload

8.4.8.     Poland Military Aircraft Market Outlook

8.4.8.1.         Market Size & Forecast

8.4.8.1.1.             By Value & Volume

8.4.8.2.         Market Share & Forecast

8.4.8.2.1.             By Type

8.4.8.2.2.             By Application

8.4.8.2.3.             By Payload

9.    South America Military Aircraft Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Application

9.2.3.     By Payload

9.2.4.     By Country (Brazil, Argentina)

9.3.  Product Market Map (By Type, By Country)

9.4.  South America: Country Analysis

9.4.1.     Brazil Military Aircraft Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Value & Volume

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Type

9.4.1.2.2.             By Application

9.4.1.2.3.             By Payload

9.4.2.     Argentina Military Aircraft Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.             By Value & Volume

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.             By Type

9.4.2.2.2.             By Application

9.4.2.2.3.             By Payload

10.  Middle East and Africa Military Aircraft Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Application

10.2.3.  By Payload

10.2.4.  By Country (Saudi Arabia, Iran, Israel, UAE, Turkey)

10.3.              Product Market Map (By Type, By Country)

10.4.              Middle East and Africa: Country Analysis

10.4.1.  Iran Military Aircraft Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Value & Volume

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Type

10.4.1.2.2.           By Application

10.4.1.2.3.           By Payload

10.4.2.  Saudi Arabia Military Aircraft Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Value & Volume

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Type

10.4.2.2.2.           By Application

10.4.2.2.3.           By Payload

10.4.3.  UAE Military Aircraft Market Outlook

10.4.3.1.      Market Size & Forecast

10.4.3.1.1.           By Value & Volume

10.4.3.2.      Market Share & Forecast

10.4.3.2.1.           By Type

10.4.3.2.2.           By Application

10.4.3.2.3.           By Payload

10.4.4.  Israel Military Aircraft Market Outlook

10.4.4.1.      Market Size & Forecast

10.4.4.1.1.           By Value & Volume

10.4.4.2.      Market Share & Forecast

10.4.4.2.1.           By Type

10.4.4.2.2.           By Application

10.4.4.2.3.           By Payload

10.4.5.  Turkey Military Aircraft Market Outlook

10.4.5.1.      Market Size & Forecast

10.4.5.1.1.           By Value & Volume

10.4.5.2.      Market Share & Forecast

10.4.5.2.1.           By Type

10.4.5.2.2.           By Application

10.4.5.2.3.           By Payload      

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends and Developments

13.  Competitive Landscape

13.1.              Company Profiles (Partial List of Leading Companies)

13.1.1.          Airbus SE

13.1.2.          The Boeing Company

13.1.3.          Leonardo SpA

13.1.4.          Lockheed Martin Corporation

13.1.5.          Northrop Grumman Corporation

13.1.6.          Textron Inc.

13.1.7.          Saab AB

13.1.8.          BAE Systems PLC

13.1.9.          Hindustan Aeronautics Limited

13.1.10.        Korea Aerospace Industries.

14. Strategic Recommendations

Figures and Tables

Frequently asked questions

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Airbus SE, The Boeing Company, Leonardo SpA, Lockheed Martin Corporation, Northrop Grumman Corporation, Textron Inc., Saab AB, BAE Systems PLC, Hindustan Aeronautics Limited, and Korea Aerospace Industries are the key players operating in the global military aircraft market.

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The rise in the defense expenditure and adoption of advanced military aircraft by the armed forces are driving the demand for the global military aircraft market.

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High maintenance and up-gradation costs associated with the modernization of the aging fleet may hinder the market growth in the forecast period.

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Based on type, the market is bifurcated into fixed-wing and rotorcraft. Fixed wing is expected to hold the largest market share in the forecast period.

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