What Has Been the Growth of the Fighter Aircrafts Market So Far?
The fighter aircrafts market has seen considerable growth due to a variety of factors.
• The market size of fighter aircrafts has seen considerable growth in the past years. The market is expected to expand from $97.52 billion in 2024 to $105.71 billion in 2025, displaying a compound annual growth rate (CAGR) of 8.4%.
The historic growth of the market is due to factors such as national defense needs, geopolitical complexities, advancements in technology, and export possibilities.
What Is the Forecasted Market Size and Growth Rate for The Fighter Aircrafts Market Size In The Coming Years?
The fighter aircrafts market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market for fighter aircraft is predicted to witness robust expansion. The market size is anticipated to reach $137.75 billion by 2029, with a compound annual growth rate (CAGR) of 6.8%.
The predicted growth during the forecast period can be credited to factors such as aircraft lifecycle management, environmental considerations, area instabilities, and strategic alliances. Leading trends that are expected to shape the forecast period feature stealth technology, unmanned combat aerial vehicles (UCAVs), cutting-edge sensor and avionics systems, as well as supersonic and hypersonic technologies.
What Factors Are Driving Growth In The Fighter Aircrafts Market?
Nations worldwide are making efforts to improve their aerial warfare skills for heightened aerial security. The rising focus on airborne safety is anticipated to stimulate fighter aircraft demand, consequently accelerating the fighter aircraft market's expansion. For example, in September 2023, the Defense Acquisition Council (DAC), a national security agency under India's Ministry of Defence, sanctioned different weapon systems and platforms' acquisition proposals. These encompass the Dhruvastra short-range air-to-surface missile and 12 Su-30 MKI fighter jets.
What Are The Main Segments Of The Global Fighter Aircrafts Market?
The fighter aircrafts market covered in this report is segmented –
1) By Type: Conventional Take-Off And Landing, Short Take-Off And Landing, Vertical Take-Off And Landing
2) By System: Airframe, Engine, Avionics, Landing Gear System, Weapon System
3) By Application: Homeland Security, Defense, Others
Subsegments:
1) By Conventional Take-Off And Landing (CTOL): Single-Engine Fighter Aircraft, Twin-Engine Fighter Aircraft, Multi-Role Fighter Aircraft, Carrier-Based Fighter Aircraft
2) By Short Take-Off And Landing (STOL): Light Fighter Aircraft, Close Support Fighter Aircraft, Tactical Fighter Aircraft
3) By Vertical Take-Off And Landing (VTOL): V Or STOL Fighter Aircraft, Tilt-Rotor Fighter Aircraft, Naval Fighter Aircraft (Harrier-Style Aircraft)
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What Emerging Trends Are Influencing The Growth Of The Fighter Aircrafts Market?
Prominent corporations involved in the fighter aircraft industry are concentrating on strategic investments to escalate their technological prowess, engineer superior combat systems, and bolster the overall efficiency of their aircraft. The objective of these investments is to integrate stealth technology, artificial intelligence, and unmanned systems, to cater to the changing defense needs and maintain a competitive position in the international market. For example, in April 2024, the United States Air Force, a US-based military force, disclosed an annual expenditure of $6.6 million for the operation and upkeep of an average F-35A fighter jet. These updates underline persistent hurdles in managing the financial and operational preparedness of the F-35 program.
Who Are the Key Players In The Fighter Aircrafts Market?
Major companies operating in the fighter aircrafts market include:
• Lockheed Martin Corporation
• Airbus SE
• The Boeing Company
• BAE Systems
• Russian Aircraft Corporation MiG
• Saab AB
• Dassault Aviation SA
• PJSC Sukhoi Company
• KAI
• Hindustan Aeronautics Limited
• Alenia Aermacchi
• Shenyang Aircraft Corporation
• United Aircraft Corporation
• Chengdu Aircraft Industrial Group Co. Ltd.
• Mitsubishi Heavy Industries Ltd.
• Korea Aerospace Industries
• Embraer S.A.
• Leonardo S.p.A.
• Eurofighter GmbH
• Yakovlev Design Bureau
• General Dynamics Corporation
• Northrop Grumman Corporation
• McDonnell Douglas Corporation
• Mikoyan-Gurevich Design Bureau
• Safran Aircraft Engines
• Rolls-Royce Holdings plc
• Pratt & Whitney
• Honeywell Aerospace
• General Electric Aviation
• Aero Vodochody
• Kawasaki Heavy Industries
• Sukhoi Civil Aircraft Company
What Is The Most Dominant Region In The Fighter Aircrafts Market?
Asia-Pacific was the largest region in the fighter aircraft market in 2023. Western Europe is expected to be the fastest-growing region in the fighter aircrafts market during the forecast period. The regions covered in the fighter aircrafts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
