Global Fighter Aircrafts Market Size, Drivers, Trends, Opportunities And Strategies – Includes Fighter Aircrafts Market Share
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The growing emphasis on airborne security are expected to drive innovation in fighter aircrafts manufacturing, thus driving the market during the forecast period.
The global fighter aircrafts market is expected to grow from $111.85 billion in 2022 to $122.11 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The global fighter aircrafts market size is expected to grow to $156.98 billion in 2027 at a CAGR of 6.5%.
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Global Fighter Aircrafts Market Segments Include:
- By Type: Conventional Take-Off and Landing, Short Take-Off and Landing, Vertical Take-Off and Landing
- By Application: Homeland Security, Defense, Other
- By System: Airframe, Engine, Avionics, Landing Gear System, Weapon System
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global fighter aircrafts market in 2021.
Major Market Players in the fighter aircrafts market include Lockheed Martin Corporation; Airbus SE; The Boeing Company; BAE Systems; Russian Aircraft Corporation MiG; Saab; Dassault Aviation SA.
Major players operating in the fighter aircraft industry are focusing on automation in the manufacturing line to reduce manufacturing time and labor costs, which is likely to be a leading trend in the fighter aircraft market. For instance, in April 2021, Korea Aerospace Industries, a South-Korea-based aerospace and defense company, declared that it will spend $88.3 million to create a unique smart manufacturing system, using it initially to produce KF-21 Boramae fighter planes. The fourth industrial revolution’s digital technologies, such as artificial intelligence and big data analytics, will be the foundation of the smart manufacturing system. The sole aircraft manufacturer in the country claims that by 2023, it will create a smart manufacturing system and implement it across all of its business locations.
The Fighter Aircrafts Global Market Report 2023 provides a fighter aircrafts market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The fighter aircrafts market forecast analyzes fighter aircrafts market size, fighter aircrafts market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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.
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