Global military aircraft market is estimated to be valued at US$ 48.27 Bn in 2024, and is expected to reach US$ 66.29 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.

Report Description:

Global military aircraft market has witnessed substantial growth over the past few decades due to escalating geopolitical conflicts and rising defense budgets of major economies. Military aircraft help nations secure their national borders and conduct counterterrorism operations. These play a critical role in modern warfare by providing strategic capabilities like intelligence gathering, airlift, aerial refueling, and close air support. Various technological upgrades like advancements in avionics, propulsion, stealth technology, and precision-guided weapons have enhanced the functionality of military jets, helicopters, and unmanned aerial vehicles (UAVs). Meanwhile, the push toward development of fifth-generation combat aircraft along with upgradation of legacy fleets is expected to boost demand in the near future.

Market Dynamics:

Factors such as increasing defense spending by developing nations to modernize their armed forces, rising instances of cross-border terrorism worldwide, frequent geopolitical tensions between countries are boosting the sales of military aircraft. Moreover, the development of advanced combat aircraft equipped with superior technologies like composite materials, stealth design, and AESA radar is propelling the market growth. However, high costs associated with production and maintenance of these aircraft coupled with budgetary constraints in some countries can hamper the market growth. Increasing demand for Unmanned Arieal Vehicles (UAVs) along with their integration in combat jets and helicopters is opening new growth avenues for market players.

Key features of the study:

• This report provides in-depth analysis of the global military aircraft market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global military aircraft market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Airbus SAS, Dassault Aviation, Lockheed Martin Corporation, Textron Inc., Boeing, Leonardo S.p.A, Northrop Grumman, Pilatus Aircraft Ltd, Russian Helicopters, Saab AB, Hindustan Aeronautics Limited, General Electric, FACC AG.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global military aircraft market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global military aircraft market.

Detailed Segmentation-

• By Type
  • Fixed Wing
  • Rotary Blade
• By Application
  • Combat
  • Military Transport
  • Airborne Early Warning & Control
  • Reconnaissance & Surveillance
• By Payload 
  • Below 50 tons
  • 51 to 100 Tons
  • 101 tons and Above
• By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Key Players

• Airbus SAS
• Dassault Aviation
• Lockheed Martin Corporation
• Textron Inc.
• Boeing
• Leonardo S.p.A
• Northrop Grumman
• Pilatus Aircraft Ltd
• Russian Helicopters
• Saab AB
• Hindustan Aeronautics Limited
• General Electric
• FACC AG