Global Fighter Aircrafts Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope
A fighter aircraft is a fixed-wing aircraft designed for air-to-air combat against other aircraft. The components of the subsystems of fighter aircraft include the fuselage, the wings, the horizontal tail, the vertical tail, and the propulsion system.

Sizing and Forecast
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.

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Segmentation & Regional Insights
The fighter aircrafts market covered in this report is segmented –
1) By Type: Conventional Take-Off and Landing, Short Take-Off and Landing, Vertical Take-Off and Landing
2) By System: Airframe, Engine, Avionics, Landing Gear System, Weapon System
3) By Application: Homeland Security, Defense, Others

Asia-Pacific was the largest region in the fighter aircraft market in 2023. Western Europe is expected to be the fastest-growing region in the fighter aircrafts market during the forecast period. The regions covered in the fighter aircrafts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the fighter aircrafts market include Lockheed Martin Corporation, Airbus SE, The Boeing Company, BAE Systems, Russian Aircraft Corporation MiG, Saab AB, Dassault Aviation SA, PJSC Sukhoi Company, KAI, Hindustan Aeronautics Limited, Alenia Aermacchi, Shenyang Aircraft Corporation, United Aircraft Corporation, Chengdu Aircraft Industrial Group Co. Ltd., Mitsubishi Heavy Industries Ltd., Korea Aerospace Industries, Embraer S.A., Leonardo S.p.A., Eurofighter GmbH, Yakovlev Design Bureau, General Dynamics Corporation, Northrop Grumman Corporation, McDonnell Douglas Corporation, Mikoyan-Gurevich Design Bureau, Safran Aircraft Engines, Rolls-Royce Holdings plc, Pratt & Whitney, Honeywell Aerospace, General Electric Aviation, Aero Vodochody, Kawasaki Heavy Industries, Sukhoi Civil Aircraft Company

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
….
30. Fighter Aircrafts Market Competitive Landscape And Company Profiles
31. Fighter Aircrafts Market Other Major And Innovative Companies
32. Global Fighter Aircrafts Market Competitive Benchmarking
33. Global Fighter Aircrafts Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Fighter Aircrafts Market
35. Fighter Aircrafts Market Future Outlook and Potential Analysis
36. Appendix

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