Military Aircraft Market is Forecasted to Reach US$ 133.75 Billion in 2028, Says Stratview Research

The global military aircraft market is projected to witness a growth rate of 4.2% annually from 2022 to 2028, with an anticipated size of US$ 133.75 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global military aircraft market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/2912/military-aircraft-market.html#form

Report Highlights:
Market Size in 2028: US$ 133.75 billion
Growth (CAGR): 4.2% during 2022-2028
Forecast Period: 2022-2028
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 2
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Military Aircraft Market:

The global military aircraft market is segmented based on aircraft type, and region.

Based on aircraft type - The market is bifurcated into fixed-wing and rotorcraft. The fixed-wing aircraft are further segmented into combat and non-combat aircraft. Combat aircraft further include bombers and fighter aircraft. The non-combat aircraft is further segmented into special mission, trainer, and transport aircraft. Moreover, with the increasing terror threats and border disputes, the demand for military aircraft is expected to intensify. Special mission aircraft comprise maritime patrol aircraft, airborne early warning and control (AEW&C), SAR aircraft, and electronic warfare.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/2912/military-aircraft-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America will likely maintain its supremacy in the market throughout the forecast period. This growth outlook is majorly attributed to the following-

• This is mostly due to major market players within the region. The escalating inclination toward enhancing war capabilities creates an enormous opportunity for the North American market.
• Concurrently, Asia Pacific is expected to witness the fastest growth in the market during the forecast period.
• The key factors responsible for the swift growth are an increased focus on strengthening the military air capabilities and a rise in overall military expenditure (especially in China and India). The increased defense and individual spending on security in countries such as China and India inject huge growth prospectus for the market in the Asia Pacific region.

Military Aircraft Market Drivers:

Some of the key drivers listed in the report are given below.
• Territorial disputes and political conflicts continue to boost demand for military aircraft.
• Correspondingly, numerous countries are looking to update their fleets by swapping older models with newer aircraft demanding lower operating costs and less maintenance.
• Several countries are concentrating on decreasing their dependence on foreign vendors for their military equipment and platforms.

Top Companies in the Military Aircraft Market:

Stratview Research has identified the following companies as the top market players.
• Airbus SE
• Lockheed Martin Corporation
• Rostec
• Textron Inc.
• The Boeing Companya

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Military Aircraft Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.