Military Aircrafts Market by Type and Geography - Forecast and Analysis 2022-2026

The military aircrafts market share is expected to increase to USD 22.77 billion from 2021 to 2026, at a CAGR of 4.3%.

This military aircrafts market research report extensively covers military aircrafts market segmentation by:

• Type - Fixed-wing and Rotorcraft
• Geography - APAC, North America, Europe, Middle East and Africa, and South America

The military aircrafts market report also offers information on several market vendors, including Airbus SE, Aviation Industry Corp. of China Ltd., BAE Systems Plc, Dassault Aviation Group, Elbit Systems Ltd., Embraer SA, Hindustan Aeronautics Ltd., KOREA AEROSPACE INDUSTRIES LTD., Leonardo Spa, Lockheed Martin Corp., Mitsubishi Heavy Industries Ltd., Northrop Grumman Corp., Pilatus Aircraft Ltd., Piper Aircraft Inc., Raytheon Technologies Corp., Rostec, Saab AB, Textron Inc., The Boeing Co., and United Aircraft Corp. among others.

What will the Military Aircrafts Market Size be During the Forecast Period?

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Military Aircrafts Market: Key Drivers, Trends, and Challenges

The incorporation of new technologies in aircraft is notably driving the military aircrafts market growth, although factors such as complexities in supply chain due to growing technological advancement may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the military aircrafts industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Military Aircrafts Market Driver

One of the key factors driving growth in the military aircrafts market is the incorporation of new technologies in aircraft. The development of next-generation products is increasing the demand for aircraft modernization. Technavio expects the emergence of high-performance production platforms to influence the heavy maintenance visit (HMV) value chain considerably. Automatic dependent surveillance-broadcast (ADS-B) systems in aircraft, for instance, help air traffic control (ATC) determine the exact position of the aircraft. This data can be used to calculate the distance between two aircraft and reduce it efficiently to utilize more airspace. Advanced Aircraft Condition Monitoring Systems (ACMS) monitor the functioning of various systems onboard. The use of ACMS in aircraft is increasing continuously because of their wide range of applications, such as calculating fuel mileage performance and control of equipment and onboard systems. As new technologies continue to enter this landscape, demand for their incorporation into aircraft is increasing among customers. This is augmenting the market growth and will continue to do so during the forecast period.

Key Military Aircrafts Market Trend

The integration of advanced weapons into aircraft is a military aircrafts market trend that is expected to have a positive impact in the coming years. Earlier, European countries such as the UK, Germany, Italy, Spain, France, and Sweden developed high-speed air-to-air missiles to be installed in combat aircraft. Advances in this sector have been continuing since then. These missiles have a greater strike range and are guided by radar systems to chase and destroy a moving target. Incorporating such advanced missiles in fighter aircraft would make military aerospace more lethal, capable, and effective. Even governments, which are not currently involved in any geopolitical dispute, can be seen strengthening their defense as they expect friction among some countries to increase over the next five years. Military aircraft fleets will continue to witness upgrades involving next-gen strike and defense systems. This is posed to increase the growth of the global military aircraft market during the forecast period.

Key Military Aircrafts Market Challenge

The complexities in supply chain due to growing technological advancement will be a major challenge for the military aircrafts market during the forecast period. Though new aircraft already feature the latest technologies, composites, and structures, the old aircraft fleet may not be compatible with advanced manufacturing technologies and new electrical systems. These changes have slowed down the upgrading of old aircraft and created challenges across the supply chain for aircraft parts and materials. The supply base constantly faces problems in keeping pace with the demands of aircraft OEMs. The availability of new advanced platforms such as B787 MAX, A330neo, A320neo, and Bombardier C-Series raises the demand for the addition of technology to the old fleet, putting pressure on spare part manufacturers and suppliers to make their products available on time.

This military aircrafts market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global military aircraft market as a part of the global aerospace & defense market within the global capital goods market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the military aircrafts market during the forecast period.

Who are the Major Military Aircrafts Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Airbus SE
• Aviation Industry Corp. of China Ltd.
• BAE Systems Plc
• Dassault Aviation Group
• Elbit Systems Ltd.
• Embraer SA
• Hindustan Aeronautics Ltd.
• KOREA AEROSPACE INDUSTRIES LTD.
• Leonardo Spa
• Lockheed Martin Corp.
• Mitsubishi Heavy Industries Ltd.
• Northrop Grumman Corp.
• Pilatus Aircraft Ltd.
• Piper Aircraft Inc.
• Raytheon Technologies Corp.
• Rostec
• Saab AB
• Textron Inc.
• The Boeing Co.
• United Aircraft Corp.

 

This statistical study of the military aircrafts market encompasses successful business strategies deployed by the key vendors. The military aircrafts market is fragmented and the vendors are deploying growth strategies such as focusing on in-house manufacturing capabilities, product offerings, research and development (R&D) investment to compete in the market.

Product Insights and News

• airbus.com - The company offers military aircrafts such as A400M, A330 MRTT, and C295.

• airbus.com - The Airbus segment is involved in manufacturing aircraft for passenger airliners.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The military aircrafts market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Military Aircrafts Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the military aircrafts market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Military Aircrafts Market?

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35% of the market's growth will originate from APAC during the forecast period. China, India, and South Korea are the key markets for military aircrafts in APAC. Market growth in this region will be slower than the growth of the market in the European, MEA, and South American regions.

The rising demand for helicopters and drones, along with the increase in government funding in the defense sector will facilitate the military aircrafts market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, several countries-imposed lockdowns and halted operations in aircraft manufacturing facilities for a few months to contain the spread of the disease. However, in Q4 2020 and H1 2021, the initiation of large-scale COVID-19 vaccination drives led to the resumption of manufacturing operations in the region. Thus, the regional military aircraft market is expected to grow during the forecast period. 

What are the Revenue-generating Type Segments in the Military Aircrafts Market?

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The military aircrafts market share growth by the rotorcraft segment will be significant during the forecast period. In 2021, rotorcraft accounted for the major share in the global military aircraft market, and it is expected to grow at a significant rate during the forecast period. These types of aircraft are used for short-distance purposes, such as transport, rescue, and travel. The rise in the procurement of helicopters is expected to increase the demand for rotorcraft, thereby driving the growth of the market segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the military aircrafts market size and actionable market insights on post COVID-19 impact on each segment.

 

Military Aircrafts Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 4.3%
Market growth 2022-2026	$ 22.77 billion
Market structure	Fragmented
YoY growth (%)	5.1
Regional analysis	APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 35%
Key consumer countries	US, Russia, China, India, and South Korea
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Airbus SE, Aviation Industry Corp. of China Ltd., BAE Systems Plc, Dassault Aviation Group, Elbit Systems Ltd., Embraer SA, Hindustan Aeronautics Ltd., KOREA AEROSPACE INDUSTRIES LTD., Leonardo Spa, Lockheed Martin Corp., Mitsubishi Heavy Industries Ltd., Northrop Grumman Corp., Pilatus Aircraft Ltd., Piper Aircraft Inc., Raytheon Technologies Corp., Rostec, Saab AB, Textron Inc., The Boeing Co., and United Aircraft Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Military Aircrafts Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive military aircrafts market growth during the next five years
• Precise estimation of the military aircrafts market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the military aircrafts industry across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of military aircrafts market vendors

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