Categories: Aerospace & Defence

Fighter Aircrafts Market 2023 | Market Analysis, Market Size, Industry Trends, Share Estimation, And Forecast To 2032 | Lockheed Martin Corporation, Airbus SE, The Boeing Company, BAE Systems, Russian Aircraft Corporation MiG

The Fighter Aircrafts Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).

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According to The Business Research Company’s Fighter Aircrafts Global Market Report 2024, The fighter aircrafts market size has grown strongly in recent years. It will grow from $122.12 billion in 2023 to $132.43 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to national defense, geopolitical tensions, technology advancements, export opportunities.

The fighter aircrafts market size is expected to see strong growth in the next few years. It will grow to $170.16 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to aircraft lifecycle management, environmental concerns, regional instabilities, strategic partnerships. Major trends in the forecast period include stealth technology, unmanned combat aerial vehicles (ucavs), advanced sensor and avionics systems, supersonic and hypersonic technologies.

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. For instance, in September 2023, according to the Ministry of Defence, an India-based government agency for national security, the Defense Acquisition Council (DAC) approved proposals for the procurement of various weapon systems and platforms. This includes the Dhruvastra short-range air-to-surface missile and 12 Su-30 MKI fighter jets.

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The fighter aircrafts market covered in this report is segmented –

1) Fighter Aircrafts Market By Type: Conventional Take-Off and Landing; Short Take-Off and Landing; Vertical Take-Off and Landing
2) Fighter Aircrafts Market By System: Airframe; Engine; Avionics; Landing Gear System; Weapon System
3) Fighter Aircrafts Market By Application: Homeland Security; Defense; Others

Top Major Players

Lockheed Martin Corporation

Airbus SE

The Boeing Company

BAE Systems

Russian Aircraft Corporation MiG

The fighter aircrafts market report table of contents includes:

1. Executive Summary

2. Fighter Aircrafts Market Characteristics

3. Fighter Aircrafts Market Trends And Strategies

4. Fighter Aircrafts Market – Macro Economic Scenario

5. Global Fighter Aircrafts Market Size and Growth