Categories: Aerospace & Defence

Global Military Transport Aircraft Market Size and Forecast 2024-2033|Airbus SE, Textron Aviation Inc., Rostec Corp., Lockheed Martin Corporation, Embraer SA,

The Military Transport Aircraft 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 (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Military Transport Aircraft Global Market Report 2024, The military transport aircraft market size has grown rapidly in recent years. It will grow from $32.8 billion in 2023 to $36.23 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to strategic airlift capability, humanitarian missions, tactical mobility, troop and cargo transport, aerial refueling.

The military transport aircraft market size is expected to see strong growth in the next few years. It will grow to $51.8 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to autonomous cargo handling, sustainability initiatives, medical evacuations, paratroop drops, joint operations. Major trends in the forecast period include electrification and hybrid propulsion, advanced avionics, modularity and payload flexibility, stealth and reduced radar signature, international collaborations and partnerships.

The rise in demand for rotorcraft airplanes is expected to propel the growth of the military transport aircraft market in the forecast period. With increasing tension between various global nations, countries strive to enhance their aerial combat and support capabilities during war or enemy attacks. Such countries plan to upgrade their military rotorcraft airplane fleet with highly functional and advanced aircraft to increase their military dominance. For instance, in September 2021, the Indian Ministry of Defence announced the procurement of fifty-six C-295MW transport aircraft from M/s Airbus Defence and Space S.A., Spain, for the Indian Air Force. This C-295MW aircraft is a transport aircraft with a 5-10 tonne capacity that has contemporary technology, which will replace the aging Avro aircraft of IAF. Therefore, the rise in demand for rotorcraft airplanes is driving the growth of the military transport aircraft market.

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The military transport aircraft market covered in this report is segmented –

1) By Aircraft Type: Fixed Wings, Rotorcraft

2) By Payload: Below 50 Tons, 51 Tons To 100 Tons, 101 Tons And Above

3) By Application: Transportation, Emergency Services, Combat Operation, Command And Control, Surveillance, Intelligence And Reconnaissance

Rapid technological advancements in air transportation services are a key trend in military transport aircraft. Major companies operating in military transport aircraft are focused on developing new technological solutions to strengthen their position in the military transport aircraft market. These companies are implementing technology with futuristic, alternate travel modes by noting the growing prominence of highly sophisticated AR/VR technology, AI, Big Data, Automation, Robotics, tech development, and others. For instance, in April 2022, Airbus SE, a manufacturer and seller of civil and military aerospace products developed a next-generation systems-of-systems architecture named Future Combat Air System (FCAS). It uses a high-tech Multi-Domain Combat Cloud (MDCC) – a decentralized, cyber-resilient, collaborative information network using cloud-based technologies.

The military transport aircraft market report table of contents includes:

1. Executive Summary

2. Military Transport Aircraft Market Characteristics

3. Military Transport Aircraft Market Trends And Strategies

4. Military Transport Aircraft Market – Macro Economic Scenario

5. Global Military Transport Aircraft Market Size and Growth

26. South America Military Transport Aircraft Market

27. Brazil Military Transport Aircraft Market

28. Middle East Military Transport Aircraft Market

29. Africa Military Transport Aircraft Market

30. Military Transport Aircraft Market Competitive Landscape And Company Profiles

Top Major Players: