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Fighter Aircrafts Global Market Insights: Growth Drivers, Size & Forecasts to 2029
Fighter Aircrafts
What Is the Forecasted Market Growth Rate of the Fighter Aircrafts Industry?
The market size for fighter aircrafts has witnessed robust growth in the past few years. The market is projected to rise from $90.55 billion in 2024 to $97.22 billion in 2025, growing at a compound annual growth rate (CAGR) of 7.4%. The rise during the historical period can be credited to factors such as national defense needs, increased geopolitical tensions, advancements in technology, and export opportunities.
How Will the Fighter Aircrafts Market Size Evolve From 2025 to 2029?
It is anticipated that there will be a substantial increase in the fighter aircrafts market size over the upcoming years. The market is predicted to reach $131.14 billion in 2029, expanding at a compound annual growth rate (CAGR) of 7.8%. Factors contributing to this rise during the forecast period include aircraft lifecycle management, environmental considerations, regional instabilities, and strategic collaborations. Key trends during this time are expected to be stealth technology, unmanned combat aerial vehicles (ucavs), improved sensor and avionics systems, plus supersonic and hypersonic technologies.
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What Are the Main Growth Drivers in the Fighter Aircrafts Market Today?
Nations worldwide are working rigorously to improve their air combat competencies for improved aerial safety. This intensified focus on airborne security is anticipated to propel the need for fighter planes, hence, fostering the expansion of the fighter aircraft market. For example, the Defense Acquisition Council (DAC), an Indian government agency for national security approved several procurement proposals in September 2023 as per the Ministry of Defense. These proposals consist of the acquisition of weaponry systems and various platforms, such as the Dhruvastra short-range air-to-surface missile and 12 Su-30 MKI fighter jets.
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Which Fighter Aircrafts Market Segment Is Expected to Lead Through 2029?
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
Subsegments:
1) By Conventional Take-Off And Landing (CTOL): Single-Engine Fighter Aircraft, Twin-Engine Fighter Aircraft, Multi-Role Fighter Aircraft, Carrier-Based Fighter Aircraft
2) By Short Take-Off And Landing (STOL): Light Fighter Aircraft, Close Support Fighter Aircraft, Tactical Fighter Aircraft
3) By Vertical Take-Off And Landing (VTOL): V Or STOL Fighter Aircraft, Tilt-Rotor Fighter Aircraft, Naval Fighter Aircraft (Harrier-Style Aircraft)
Which Market Trends Are Expected to Dominate Fighter Aircrafts Industry Growth?
Leading players in the fighter aircraft market are concentrating their efforts on strategic investment to bolster their technological capabilities, cultivate advanced warfare systems, and enhance overall aircraft performance. The goal of these investments is to integrate stealth technology, artificial intelligence, and unmanned systems to align with changing defense requirements and stay competitive in the global market. For example, the United States Air Force, a U.S. military organization, announced in April 2024 that it annually allocates $6.6 million for the operation and maintenance of an average F-35A fighter jet. This reflects the persistent issues regarding cost management and operational readiness within the F-35 program.
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Which Companies Hold the Largest Market Share in the Fighter Aircrafts Sector?
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
Where Is the Fighter Aircrafts Market Experiencing the Highest Growth?
Asia-Pacific was the largest region in the fighter aircraft market in 2024. 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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