Global Fighter Aircrafts Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
9 Nov, 2021
The fighter aircrafts market consists of sales of fighter aircraft by entities (organizations, sole traders, and partnerships) that produce fighter aircraft. A fighter aircraft is a fixed-wing aircraft designed for air-to-air combat against other aircraft. Only goods and services traded between entities or sold to end consumers are included.
Global Fighter Aircrafts Market Size And Drivers:
The global fighter aircrafts market is expected to decline from $96.87 billion in 2020 to $96.4 billion in 2021 at a compound annual growth rate (CAGR) of -0.5%. The fighter aircraft market is expected to deteriorate slightly in 2021 on account of post-COVID-19 implications including shortage of workforce and decrease in demand due to the COVID-19 crisis. The fighter aircrafts market is expected to reach $108.53 billion in 2025 at a CAGR of 3%. The growing emphasis on airborne security is expected to boost the demand for fighter aircraft, thereby propelling the growth of the fighter aircrafts market.
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Trends In The Global Fighter Aircrafts Market
Major players operating in the fighter aircrafts industry are focusing on automation in the manufacturing line to reduce manufacturing time and labor costs which is likely to be a leading trend in the fighter aircrafts market. For instance, in December 2019, Airbus SE, a France-based multinational aerospace company engaged in designing, manufacturing, and selling military aircraft, commercial aircraft, helicopters, satellites, and launch vehicles, acquired MTM Robotics, an industrial automation company for an undisclosed amount. The acquisition is aimed at expanding Airbus’s commitment to advanced robotics capabilities within the manufacturing process.
Global Fighter Aircrafts Market Segments:
The global fighter aircraft market is further segmented –
By Type: Conventional Take-Off and Landing, Short Take-Off and Landing, Vertical Take-Off and Landing
By Application: Homeland Security, Defense, Other
By System: Airframe, Engine, Avionics, Landing Gear System, Weapon System
By Geography: The global fighter aircrafts market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Fighter Aircrafts Market At:
https://www.thebusinessresearchcompany.com/report/fighter-aircrafts-global-market-reportFighter Aircrafts Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides fighter aircrafts market overviews, analyzes and forecasts market size and growth for the global fighter aircrafts market, fighter aircrafts market share, fighter aircrafts market players, fighter aircrafts market segments and geographies, fighter aircrafts market’s leading competitors’ revenues, profiles and market shares. The fighter aircrafts market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.