Military Fixed-Wing Aircraft Market Size and Trend Analysis including Segments (Combat Aircraft, ISR Aircraft, Transport Aircraft, Tanker Aircraft and Others), Key Programs, Competitive Landscape and Forecast, 2022-2032
The global military fixed-wing aircraft market size is $72.3 billion in 2022. The market is projected to achieve a CAGR of more than 3% during the forecast period. The military fixed-wing aircraft market research report provides the market size forecast and the estimated CAGR for the next ten years. The report also covers industry analysis including the key market drivers, trends, emerging technologies, and major challenges faced by industry participants. It offers insights regarding key factors and government programs as well, that are expected to influence the demand for military fixed-wing aircraft market over the forecast period.
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Military Fixed-Wing Aircraft Market Dynamics
The global military fixed-wing aircraft market is expected to be led by North America, followed by Asia-Pacific and Europe. With the hike in the US defense budget, the North American region is expected to offer significant opportunities for OEMs and sub-system vendors across the globe. The growth of the Asia-Pacific market is attributed to the current geopolitical tensions and territorial disputes. Though China and India continue to fuel the region’s growth, increasing demand from other key regional militaries such as Japan, Indonesia, and South Korea is also expected to further propel the market growth. Ongoing modernization drives for the procurement of new aircraft for replacing the aging cold war era fleet are also anticipated to drive the regional market growth over the forecast period. The growth of the market in Europe is mainly driven by collaborative inter-country programs in the region. Russia, Germany, the UK, and France account for a major chunk of investment in the region.
Key Military Fixed-Wing Aircraft Market Drivers
The rapid development of advanced aerospace technologies has been a major reason for consistent demand for the procurement of new aircraft to meet the network-centric battlefield. The advancements in the fields of stealth, speed, connectivity, and communication further propelled the global demand.
Countries across the globe are also heavily investing in the replacement of their aging fleets and modernization of their aircraft. Such a modernization effort would deliver increased system performance with lesser maintenance or overhaul requirements over the life cycle. Also, the recent advancement in airframe technology has helped manufacturers in achieving a minimal radar cross-section, eventually reducing the heat signature of the aircraft.
Key Military Fixed-Wing Aircraft Market Trends
Multirole 4.5 generation aircraft remains a cost-effective option as they can undertake multiple roles. Likewise, the development of dedicated bomber aircraft also faces challenges in terms of high R&D requirements and relevant technological industrial experience, which currently is quite limited. This also requires dedicated investments in the form of national programs, which are not easy to justify for many of the emerging military nations with their limited resources.
Regional Outlook of the Military Fixed-Wing Aircraft Market
The military fixed-wing aircraft market is present in North America, the Middle East, Europe, Latin America, Africa, and the Asia Pacific. Significant investments in the Asia-Pacific region are expected to be spurred by major countries like as China, India, Japan, South Korea, and Australia, desiring advanced and next-generation military aircraft. This can be seen with India procuring Dassault Rafale along with the ongoing efforts on the development of its own indigenous Tejas Mk-2 and AMCA projects. Similarly, Japan is also developing its own fifth-generation fighter jet. Australia is also in the process of receiving the much-needed F-35-A aircraft.
Military Fixed-Wing Aircraft Market, by Regions
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Key Segments in the Military Fixed-Wing Aircraft Market
The key segments in the military fixed-wing aircraft market are combat aircraft, ISR aircraft, transport aircraft, tanker aircraft, and training and light attack aircraft. The combat aircraft segment is anticipated to be the largest segment in the market.
Military Fixed-Wing Aircraft Market, by Segments
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Key Players in the Military Fixed-Wing Aircraft Market
Some of the key players in the military fixed-wing aircraft market are Lockheed Martin Corp, The Boeing Co, Aviation Industry Corporation of China, Dassault Aviation SA, United Aircraft Corp, Northrop Grumman Corp, Eurofighter Jagdflugzeug GmbH, IHI Corp, Airbus SE, and Hindustan Aeronautics Limited.
Military Fixed-Wing Aircraft Market Report Overview
| Market Size (2022) | $72.3 billion |
| CAGR | >3% |
| Key Regions | North America, the Middle East, Europe, Latin America, Africa, and the Asia Pacific |
| Key Segments | Combat Aircraft, Intelligence, Surveillance and Reconnaissance Aircraft, Transport Aircraft, Tanker Aircraft, and Training and Light Attack Aircraft |
| Key Players | Lockheed Martin Corp, The Boeing Co, Aviation Industry Corporation of China, Dassault Aviation SA, United Aircraft Corp, Northrop Grumman Corp, Eurofighter Jagdflugzeug GmbH, IHI Corp, Airbus SE, and Hindustan Aeronautics Limited |
Scope
This report provides:
- Market size and drivers: Detailed analysis during 2022-2032, including highlights of the demand drivers and growth stimulators. It also provides a snapshot of the spending and modernization patterns of different regions around the world.
- Recent developments and industry challenges: Insights into technological developments and a detailed analysis of the existing military fixed-wing aircraft projects being executed and planned worldwide. It also provides trends of the changing industry structure and the challenges faced by industry participants.
- Regional highlights: A study of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand.
- Major programs: Details of the key programs in each segment, which are expected to be executed during 2022-2032.
- Competitive landscape and strategic insights: Analysis of the competitive landscape of the global military fixed-wing aircraft market. It provides an overview of key players, their strategic initiatives, and financial analysis.
Reasons to Buy
- Determine prospective investment areas based on a detailed trend analysis of the global military fixed-wing aircraft over the next ten years.
- Gain an in-depth understanding of the underlying factors driving demand for different military fixed-wing aircraft segments in the top spending countries across the world and identify the opportunities offered by each of them.
- Analyze the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
- Identify the major countries that are driving the global military fixed-wing aircraft market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
- Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global military fixed-wing aircraft market.
- Make correct business decisions based on an in-depth analysis of the competitive landscape consisting of detailed profiles of the top military fixed-wing aircraft manufacturers around the world. The company profiles also include information about the key products, alliances, recent contracts awarded, and financial analysis, wherever available.
Key Players
Table of Contents
Frequently Asked Questions
The global military fixed-wing aircraft market size is $72.3 billion in 2022.
The military fixed-wing aircraft market is projected to achieve a CAGR of more than 3% during the forecast period.
The military fixed-wing aircraft market is present in North America, the Middle East, Europe, Latin America, Africa, and the Asia Pacific.
The key segments in the military fixed-wing aircraft market are combat aircraft, intelligence, surveillance and reconnaissance aircraft, transport aircraft, tanker aircraft, and training and light attack aircraft.
Some of the key players in the military fixed-wing aircraft market are Lockheed Martin Corp, The Boeing Co, Aviation Industry Corporation of China, Dassault Aviation SA, United Aircraft Corp, Northrop Grumman Corp, Eurofighter Jagdflugzeug GmbH, IHI Corp, Airbus SE, and Hindustan Aeronautics Limited.
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