Fighter Aircrafts Market Commodities, High Growth Opportunities, Segmentation, Market Trends By 2023-2032|Lockheed Martin Corporation, Airbus SE, The Boeing Company, BAE Systems, Russian Aircraft Corporation MiG

The Fighter Aircrafts Global Market Report 2023 by The Business Research Company, provides fighter aircrafts market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Fighter Aircrafts Global Market Report 2023, the market size is expected to grow from $111.85 billion in 2022 to $122.11 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global fighter aircrafts is expected to grow to $156.98 billion in 2027 at a CAGR of 6.5%.

Countries across the globe are striving to enhance their aerial combat capabilities for increased airborne security. The growing emphasis on airborne security is expected to boost the demand for fighter aircraft, thereby propelling the growth of the fighter aircraft market.

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The fighter aircrafts market is segmented:

1) By Type: Conventional Take-Off and Landing, Short Take-Off and Landing, Vertical Take-Off and Landing

2) By Application: Homeland Security, Defense, Other

3) By System: Airframe, Engine, Avionics, Landing Gear System, Weapon System

The development and adoption of autonomous aircraft are projected to limit the growth of the fighter aircraft market over the forecast period. Unmanned aerial vehicles are equipped with onboard computers that are controlled remotely by ground-based controllers. India is one of the fastest-growing markets for unmanned aerial vehicles and a leading importer of UAVs for military purposes globally. The customer-focused innovation in UAV technology and the rise in demand for UAVs for surveillance applications are expected to restrain the growth of the fighter aircraft market in the near future.

The fighter aircrafts market report table of contents includes: