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Global Military Aircraft Market Share, Size, Growth, Report: By Type: Fixed Wing, Rotary Blade; By System: Airframe, Engine, Avionics, Landing Gear Systems, Weapon Systems; By Application: Combat, Military Transport, Airborne Early Warning and Control, Reconnaissance and Surveillance; Regional Analysis; Competitive Landscape; 2023-2028
Global Military Aircraft Market Outlook
The global military aircraft market is further expected to grow at a CAGR of 5.10% between 2023 and 2028. The market is being driven by rising geopolitical tensions, technological advancements, and increasing investments towards military and defence by multiple nations.
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Key Trends in the Market
Military aircrafts are types of aircrafts which are authorised to be used in the military and defence sector and are owned by any military branch or a government. These aircrafts are capable of carrying out numerous military operations such as diverting enemy attention, destroying an intruder aircraft, deploying bombers, and engaging enemies in combat operations, among others.
- Military aircrafts are witnessing a heightened demand in the air forces of sovereign military powers, to improve the preparedness amidst the escalating geopolitical tensions, rising terrorism, and on-going cyber and cold wars. These military aircrafts are capable of significantly boosting the defence capabilities of a country.
- The growing urgency of replacing the ageing military aircrafts is likely to be a key trend in the market. New, modern, and advanced military aircrafts which are more fuel efficient and strong, are replacing the existing models of aircrafts. The increasing investments aimed towards increasing the incorporation of combat aircrafts are further propelling the global military aircraft market.
- Increasing funding of various governments to increase the efficiency and capability of aircrafts is another crucial factor increasing the market revenue by enhancing the sale of aircrafts with different variants. Moreover, the growing cooperation between major military powers, aimed towards producing advanced warplanes, are expected to fuel the military aircraft market.
Market Analysis
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Based on type, the market is bifurcated into fixed wing and rotary blade. On the basis of system, the market is classified into airframe, engine, avionics, landing gear systems, and weapon systems. By application, the market is segmented into combat, military transport, airborne early warning and control, and reconnaissance and surveillance. The regional markets for military aircrafts are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global military aircraft market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Dassault Aviation
- Lockheed Martin Corporation
- Saab AB
- Embraer SA.
- Textron Inc
- Korea Aerospace Industries, LTD.
- Others
Market Share by Application
Based on application, the reconnaissance and surveillance segment accounts for a significant share in the military aircraft market. Surveillance aircrafts are gaining traction in military and government forces to provide intelligence and by gathering essential data about territorial affairs and analysing possible threats. Adequate reconnaissance and surveillance capabilities can have a significant impact on preventing larger-scale altercations. Meanwhile, the increasing incorporation of reconnaissance aircrafts with high altitude and high-speed capabilities are expected to garner the growth of this segment in the forecast period. Military aircrafts for reconnaissance and surveillance offer high precision which are gaining traction in modern military aircraft arsenal.
Market Share by Region
Regionally, North America accounts for a significant share in the military aircraft market. Growing innovations and developments countries such as the United States, whose air force is heightening the incorporation of advanced aircrafts and has air force expenditure among the highest in the world, are supporting the regional market expansion.
Meanwhile, Europe is expected to witness a steady growth in the forecast period, due to the strong foothold of major aircrafts manufacturers in countries such as Germany, France, and the United Kingdom, among others. The market for military aircrafts in the Asia Pacific is also expected to witness steady growth in the coming years, supported by increasing investments by countries in the region towards encouraging air force expansion.
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Competitive Landscape
Dassault Aviation is a leading aerospace company which specialises in the designing, manufacturing, sales, and services of military and business jets. The company provides jets across 90 countries, and some of the notable products include Rafale, Falcon 8X, and nEUROn, among others. Dassault Aviation was founded in 1929 and is currently headquartered in Paris, France.
Lockheed Martin Corporation, founded in 1995 with headquarters in Maryland in the United States, is a global corporation that specialises in aerospace, defence, arms, technology, and information security. The company is involved in the research, development, design, integration, manufacture, and sustainment of products, systems, and services that are based upon advanced technology.
Saab AB is a leading aerospace and defence company which provides products, services and solutions which cater to the needs of the military and defence sectors across the world. Saab AB also offers electronic warfare and advanced fighter systems. The company was founded in 1937 and is currently headquartered in Stockholm, Sweden.
Other market players include Embraer SA., Textron Inc, and Korea Aerospace Industries, LTD., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by System |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Military Aircraft Market Analysis
8.1 Key Industry Highlights
8.2 Global Military Aircraft Historical Market (2018-2022)
8.3 Global Military Aircraft Market Forecast (2023-2028)
8.4 Global Military Aircraft Market by Type
8.4.1 Fixed Wing
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Rotary Blade
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Military Aircraft Market by System
8.5.1 Airframe
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Engine
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Avionics
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Landing Gear Systems
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Weapon Systems
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.6 Global Military Aircraft Market by Application
8.6.1 Combat
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Military Transport
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Airborne Early Warning and Control
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Reconnaissance and Surveillance
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.7 Global Military Aircraft Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Military Aircraft Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Military Aircraft Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Military Aircraft Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Military Aircraft Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Military Aircraft Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Dassault Aviation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Lockheed Martin Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Saab AB
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Embraer SA.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Textron Inc
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Korea Aerospace Industries, LTD.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Military Aircraft Market: Key Industry Highlights, 2018 and 2028
2. Global Military Aircraft Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Military Aircraft Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Military Aircraft Historical Market: Breakup by System (USD Million), 2018-2022
5. Global Military Aircraft Market Forecast: Breakup by System (USD Million), 2023-2028
6. Global Military Aircraft Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Military Aircraft Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Military Aircraft Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Military Aircraft Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Military Aircraft Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Military Aircraft Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Military Aircraft Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Military Aircraft Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Military Aircraft Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Military Aircraft Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Military Aircraft Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Military Aircraft Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Military Aircraft Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Military Aircraft Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Military Aircraft Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 5.10% in the forecast period of 2023-2028.
The thriving military and defence sector across the emerging economies, rising geopolitical tensions, and increasing incorporation of combat aircrafts are the major drivers of the market.
The key trends in the market include the technological upgradations of military aircrafts, cooperation between major military powers, and growing need to replace ageing military aircraft models.
Fixed wing and rotary blade are the primary types of military aircrafts in the market.
Airframe, engine, avionics, landing gear systems, and weapon systems are the various systems in the market.
Combat, military transport, airborne early warning and control, and reconnaissance and surveillance are the different applications of military aircrafts in the market.
Military aircraft are also known as warplanes or combat aircrafts.
A warplane is extremely fast and can travel at a speed of around 1,320 mph.
Armies across the world have various aircrafts built for search and rescue, reconnaissance, and surveillance, among others.
Dassault Aviation, Lockheed Martin Corporation, Saab AB, Embraer SA., Textron Inc, and Korea Aerospace Industries, LTD., among others, are the key players in the military aircraft market, according to the report.
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