The global fighter aircraft market size reached US$ 61.1 Billion in 2023. Looking forward, the market is projected to reach US$ 78.9 Billion by 2032, exhibiting a growth rate (CAGR) of 2.88% during 2023-2032.
Fighter aircraft is designed mainly for air-to-air combat to secure control of essential airspace by destroying adversary aircraft. It has the capabilities of ground attack, firepower, and maneuverability, which help establish air superiority of the battlespace in military conflict. It is also used for non-combat purposes, including transport, training, search and rescue, reconnaissance, observation and surveillance, airborne early warning and control (AEW&C), and aerial refueling. Nowadays, fighter aircraft are highly specialized with advanced features like modified engines that contain an afterburner to provide additional thrust when fuel is ignited in the augmentor.
Besides this, the launch of multirole fighter planes with extreme agility, stealth features, integrated sensor package, superior performance, and modern weaponry is contributing to the market growth. Furthermore, key market players are launching fighter aircraft integrated with sophisticated technologies like air-to-surface missiles, laser-guided bombs, and anti-radiation missiles for a wide array of missions, including surveillance, attack, electronic warfare, and signals intelligence. In addition, as governing agencies of numerous countries are focusing on expanding defense budgets, the demand for advanced fighter aircraft is anticipated to increase in the coming years.
2. What is the expected growth rate of the global fighter aircraft market during 2024-2032?
3. What are the key factors driving the global fighter aircraft market?
4. What has been the impact of COVID-19 on the global fighter aircraft market?
5. What is the breakup of the global fighter aircraft market based on the take-off and landing?
6. What is the breakup of the global fighter aircraft market based on the aircraft type?
7. What are the key regions in the global fighter aircraft market?
8. Who are the key players/companies in the global fighter aircraft market?
Fighter aircraft is designed mainly for air-to-air combat to secure control of essential airspace by destroying adversary aircraft. It has the capabilities of ground attack, firepower, and maneuverability, which help establish air superiority of the battlespace in military conflict. It is also used for non-combat purposes, including transport, training, search and rescue, reconnaissance, observation and surveillance, airborne early warning and control (AEW&C), and aerial refueling. Nowadays, fighter aircraft are highly specialized with advanced features like modified engines that contain an afterburner to provide additional thrust when fuel is ignited in the augmentor.
Fighter Aircraft Market Trends
Due to a rise in terrorism and geopolitical tensions between countries, defense agencies are increasingly spending on replacing existing warplanes and superiority fighters with next-generation aircraft. This can also be attributed to the rising need for military modernization, growing situational awareness, and the widespread integration of advanced battlefield systems with military aircraft to improve surveillance, navigation, and communications. Apart from this, their demand is increasing in natural disaster vulnerable areas to mitigate the damage and provide essential supplies to victims of natural calamities during rescue missions.Besides this, the launch of multirole fighter planes with extreme agility, stealth features, integrated sensor package, superior performance, and modern weaponry is contributing to the market growth. Furthermore, key market players are launching fighter aircraft integrated with sophisticated technologies like air-to-surface missiles, laser-guided bombs, and anti-radiation missiles for a wide array of missions, including surveillance, attack, electronic warfare, and signals intelligence. In addition, as governing agencies of numerous countries are focusing on expanding defense budgets, the demand for advanced fighter aircraft is anticipated to increase in the coming years.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global fighter aircraft market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on take-off and landing, aircraft type and application.Breakup by Take-off and Landing:
- Conventional Take-off and Landing
- Short Take-off and Landing
- Vertical Take-off and Landing
Breakup by Aircraft Type:
- Fixed-Wing
- Rotorcraft
Breakup by Application:
- Homeland Security
- Defense
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being Airbus SE, Aviation Industry Corporation of China Ltd., BAE Systems PLC, Dassault Aviation S.A, Hindustan Aeronautics Limited, Korea Aerospace Industries, Leonardo SpA, Lockheed Martin Corporation, Raytheon Technologies Corporation, Saab AB and The Boeing Company.Key Questions Answered in This Report
1. What was the size of the global fighter aircraft market in 2023?2. What is the expected growth rate of the global fighter aircraft market during 2024-2032?
3. What are the key factors driving the global fighter aircraft market?
4. What has been the impact of COVID-19 on the global fighter aircraft market?
5. What is the breakup of the global fighter aircraft market based on the take-off and landing?
6. What is the breakup of the global fighter aircraft market based on the aircraft type?
7. What are the key regions in the global fighter aircraft market?
8. Who are the key players/companies in the global fighter aircraft market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Fighter Aircraft Market
6 Market Breakup by Take-off and Landing
7 Market Breakup by Aircraft Type
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Airbus SE
- Aviation Industry Corporation of China Ltd.
- BAE Systems PLC
- Dassault Aviation S.A
- Hindustan Aeronautics Limited
- Korea Aerospace Industries
- Leonardo SpA
- Lockheed Martin Corporation
- Raytheon Technologies Corporation
- Saab AB
- The Boeing Company
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 138 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 61.1 Billion |
| Forecasted Market Value ( USD | $ 78.9 Billion |
| Compound Annual Growth Rate | 2.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
