Fighter aircraft market size to USD 17,696.67 million from 2022 to 2027, APAC to account for 35% of market growth – Technavio

jayfer2 0 Comments April 21, 2023

NEW YORK, April 20, 2023 /PRNewswire/ — The fighter aircraft market report has been added to Technavio’s offering. The market size is estimated to grow by USD 17,696.67 million during 2022-2027 at a CAGR of 6.4%. APAC is estimated to account for 35% of the growth of the global market during the forecast period. The growth of the regional market is attributed to factors such as improving their aerial capabilities, nations in the region are concentrating on developing advanced fighter aircraft domestically. Defense funding agencies are supporting research and development projects to create sophisticated fighter aircraft that can operate successfully in challenging environments and meet the demands of a variety of mission profiles. Such factors will increase the market growth in this region during the forecast period. For comprehensive details on the market size of the historic period (2017 to 2021) and forecast period (2023-2027) – View a sample report

Vendor landscape

The fighter aircraft market is fragmented; the vendors are competing with competitors and are trying to get a greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning, technological advances, and the price of the products

Market dynamics

Major drivers & challenges –

The increasing number of military aircraft is driving market growth. The rapid increase in investment in the development and acquisition of military aircraft is a major driver for the growth of global fighter aircraft market. While China is attempting to increase its influence in South Asia, India is involved in border disputes with Pakistan and is concerned about these efforts. Additionally, the neighboring nations are very concerned about North Korea’s efforts to increase its military firepower. Hence, such factors are expected to boost the growth of the global market during the forecast period.

The barriers to adopting new technology and equipment are challenging market growth. Adopting new technologies is difficult for military forces because they tend to become obsolete. Advanced improvised explosive devices, rocket-propelled grenades, smart munitions, advanced electronic warfare, and other systems used in combat aircraft are all evolving rapidly. Countries cannot afford to adopt all new technology as it slows down flight operations. Due to these difficulties, many recent development initiatives have been shelved or delayed. Therefore, such factors will hamper the growth of the global market during the forecast period.

Key trends –

The increasing military spending is an emerging trend in the market. The modernization of existing fighter fleets has been made possible by increased investment by countries such as the US, Russia, and China in acquiring joint air defense capabilities. Moreover, investment in war and conflict has increased significantly around the world over the past decade. The purpose of these government investments is to gain geopolitical influence over other countries while ensuring the safety of their citizens. For instance, US military spending increased by 2.86% from 2020 to 2021, reaching USD 800.67 billion. Therefore, increasing military investments are expected to boost the growth of the global market during the forecast period.

Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. View a sample report

Company profiles

The fighter aircraft market report includes information on the product launches, sustainability, and prospects of leading vendors, including Airbus SE, Aviation Industry Chengdu Aircraft Industry Group Co. Ltd., BAE Systems Plc, Dassault Aviation SA, Embraer SA, Hindustan Aeronautics Ltd., KOREA AEROSPACE INDUSTRIES LTD., Leonardo Spa, Lockheed Martin Corp., Mitsubishi Heavy Industries Ltd., Northrop Grumman Systems Corp., Piper Aircraft Inc., Rostec, Saab AB, Textron Inc., The Boeing Co., United Aircraft Corp., and Kawasaki Heavy Industries Ltd.

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Competitive analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, among others.

Market segmentation

By technology, the market is classified into conventional take-off and landing, short take-off and landing, and vertical take-off and landing.
By type, the market is classified into fixed-wing and rotorcraft.
By geography, the market is classified into APAC, Europe, North America, Middle East and Africa, and South America. APAC will have the largest share of the market.

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Fighter Aircraft Market Scope
Report Coverage	Details
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 6.4%
Market growth 2023-2027	USD 17,696.67 million
Market structure	Fragmented
YoY growth 2022-2023 (%)	3.44
Regional analysis	APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution	APAC at 35%
Key countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Airbus SE, Aviation Industry Chengdu Aircraft Industry Group Co. Ltd., BAE Systems Plc, Dassault Aviation SA, Embraer SA, Hindustan Aeronautics Ltd., KOREA AEROSPACE INDUSTRIES LTD., Leonardo Spa, Lockheed Martin Corp., Mitsubishi Heavy Industries Ltd., Northrop Grumman Systems Corp., Piper Aircraft Inc., Rostec, Saab AB, Textron Inc., The Boeing Co., United Aircraft Corp., and Kawasaki Heavy Industries Ltd.
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 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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Table of contents

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global fighter aircraft market 2017 – 2021

Exhibit 18: Historic Market Size – Data Table on Global fighter aircraft market 2017 – 2021 ($ million)

4.2 Technology Segment Analysis 2017 – 2021

Exhibit 19: Historic Market Size – Technology Segment 2017 – 2021 ($ million)

4.3 Type Segment Analysis 2017 – 2021

Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 ($ million)

4.4 Geography Segment Analysis 2017 – 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

4.5 Country Segment Analysis 2017 – 2021

Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Technology

6.1 Market segments

Exhibit 30: Chart on Technology – Market share 2022-2027 (%)
Exhibit 31: Data Table on Technology – Market share 2022-2027 (%)

6.2 Comparison by Technology

Exhibit 32: Chart on Comparison by Technology
Exhibit 33: Data Table on Comparison by Technology

6.3 Conventional take-off and landing – Market size and forecast 2022-2027

Exhibit 34: Chart on Conventional take-off and landing – Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Conventional take-off and landing – Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Conventional take-off and landing – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Conventional take-off and landing – Year-over-year growth 2022-2027 (%)

6.4 Short take-off and landing – Market size and forecast 2022-2027

Exhibit 38: Chart on Short take-off and landing – Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Short take-off and landing – Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Short take-off and landing – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Short take-off and landing – Year-over-year growth 2022-2027 (%)

6.5 Vertical take-off and landing – Market size and forecast 2022-2027

Exhibit 42: Chart on Vertical take-off and landing – Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Vertical take-off and landing – Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Vertical take-off and landing – Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Vertical take-off and landing – Year-over-year growth 2022-2027 (%)

6.6 Market opportunity by Technology

Exhibit 46: Market opportunity by Technology ($ million)
Exhibit 47: Data Table on Market opportunity by Technology ($ million)

7 Market Segmentation by Type

7.1 Market segments

Exhibit 48: Chart on Type – Market share 2022-2027 (%)
Exhibit 49: Data Table on Type – Market share 2022-2027 (%)

7.2 Comparison by Type

Exhibit 50: Chart on Comparison by Type
Exhibit 51: Data Table on Comparison by Type

7.3 Fixed-wing – Market size and forecast 2022-2027

Exhibit 52: Chart on Fixed-wing – Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on Fixed-wing – Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on Fixed-wing – Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Fixed-wing – Year-over-year growth 2022-2027 (%)

7.4 Rotorcraft – Market size and forecast 2022-2027

Exhibit 56: Chart on Rotorcraft – Market size and forecast 2022-2027 ($ million)
Exhibit 57: Data Table on Rotorcraft – Market size and forecast 2022-2027 ($ million)
Exhibit 58: Chart on Rotorcraft – Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on Rotorcraft – Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Type

Exhibit 60: Market opportunity by Type ($ million)
Exhibit 61: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 63: Chart on Market share by geography 2022-2027 (%)
Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison

9.3 APAC – Market size and forecast 2022-2027

Exhibit 67: Chart on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 68: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 69: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on APAC – Year-over-year growth 2022-2027 (%)

9.4 Europe – Market size and forecast 2022-2027

Exhibit 71: Chart on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 72: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 73: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on Europe – Year-over-year growth 2022-2027 (%)

9.5 North America – Market size and forecast 2022-2027

Exhibit 75: Chart on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on North America – Year-over-year growth 2022-2027 (%)

9.6 Middle East and Africa – Market size and forecast 2022-2027

Exhibit 79: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

9.7 South America – Market size and forecast 2022-2027

Exhibit 83: Chart on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on South America – Year-over-year growth 2022-2027 (%)

9.8 US – Market size and forecast 2022-2027

Exhibit 87: Chart on US – Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on US – Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on US – Year-over-year growth 2022-2027 (%)

9.9 China – Market size and forecast 2022-2027

Exhibit 91: Chart on China – Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on China – Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on China – Year-over-year growth 2022-2027 (%)

9.10 Japan – Market size and forecast 2022-2027

Exhibit 95: Chart on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on Japan – Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on Japan – Year-over-year growth 2022-2027 (%)

9.11 Germany – Market size and forecast 2022-2027

Exhibit 99: Chart on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Germany – Year-over-year growth 2022-2027 (%)

9.12 UK – Market size and forecast 2022-2027

Exhibit 103: Chart on UK – Market size and forecast 2022-2027 ($ million)
Exhibit 104: Data Table on UK – Market size and forecast 2022-2027 ($ million)
Exhibit 105: Chart on UK – Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on UK – Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography

Exhibit 107: Market opportunity by geography ($ million)
Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 109: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 111: Overview on factors of disruption

11.4 Industry risks

Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 113: Vendors covered

12.2 Market positioning of vendors

Exhibit 114: Matrix on vendor position and classification

12.3 Airbus SE

Exhibit 115: Airbus SE – Overview
Exhibit 116: Airbus SE – Business segments
Exhibit 117: Airbus SE – Key news
Exhibit 118: Airbus SE – Key offerings
Exhibit 119: Airbus SE – Segment focus

12.4 Aviation Industry Chengdu Aircraft Industry Group Co. Ltd.

Exhibit 120: Aviation Industry Chengdu Aircraft Industry Group Co. Ltd. – Overview
Exhibit 121: Aviation Industry Chengdu Aircraft Industry Group Co. Ltd. – Product / Service
Exhibit 122: Aviation Industry Chengdu Aircraft Industry Group Co. Ltd. – Key offerings

12.5 BAE Systems Plc

Exhibit 123: BAE Systems Plc – Overview
Exhibit 124: BAE Systems Plc – Business segments
Exhibit 125: BAE Systems Plc – Key offerings
Exhibit 126: BAE Systems Plc – Segment focus

12.6 Dassault Aviation SA

Exhibit 127: Dassault Aviation SA – Overview
Exhibit 128: Dassault Aviation SA – Product / Service
Exhibit 129: Dassault Aviation SA – Key offerings

12.7 Embraer SA

Exhibit 130: Embraer SA – Overview
Exhibit 131: Embraer SA – Business segments
Exhibit 132: Embraer SA – Key offerings
Exhibit 133: Embraer SA – Segment focus

12.8 Hindustan Aeronautics Ltd.

Exhibit 134: Hindustan Aeronautics Ltd. – Overview
Exhibit 135: Hindustan Aeronautics Ltd. – Product / Service
Exhibit 136: Hindustan Aeronautics Ltd. – Key offerings

12.9 KOREA AEROSPACE INDUSTRIES LTD.

Exhibit 137: KOREA AEROSPACE INDUSTRIES LTD. – Overview
Exhibit 138: KOREA AEROSPACE INDUSTRIES LTD. – Product / Service
Exhibit 139: KOREA AEROSPACE INDUSTRIES LTD. – Key offerings

12.10 Leonardo Spa

Exhibit 140: Leonardo Spa – Overview
Exhibit 141: Leonardo Spa – Business segments
Exhibit 142: Leonardo Spa – Key news
Exhibit 143: Leonardo Spa – Key offerings
Exhibit 144: Leonardo Spa – Segment focus

12.11 Lockheed Martin Corp.

Exhibit 145: Lockheed Martin Corp. – Overview
Exhibit 146: Lockheed Martin Corp. – Business segments
Exhibit 147: Lockheed Martin Corp. – Key news
Exhibit 148: Lockheed Martin Corp. – Key offerings
Exhibit 149: Lockheed Martin Corp. – Segment focus

12.12 Northrop Grumman Systems Corp.

Exhibit 150: Northrop Grumman Systems Corp. – Overview
Exhibit 151: Northrop Grumman Systems Corp. – Business segments
Exhibit 152: Northrop Grumman Systems Corp. – Key news
Exhibit 153: Northrop Grumman Systems Corp. – Key offerings
Exhibit 154: Northrop Grumman Systems Corp. – Segment focus

12.13 Rostec

Exhibit 155: Rostec – Overview
Exhibit 156: Rostec – Product / Service
Exhibit 157: Rostec – Key offerings

12.14 Saab AB

Exhibit 158: Saab AB – Overview
Exhibit 159: Saab AB – Business segments
Exhibit 160: Saab AB – Key news
Exhibit 161: Saab AB – Key offerings
Exhibit 162: Saab AB – Segment focus

12.15 Textron Inc.

Exhibit 163: Textron Inc. – Overview
Exhibit 164: Textron Inc. – Business segments
Exhibit 165: Textron Inc. – Key news
Exhibit 166: Textron Inc. – Key offerings
Exhibit 167: Textron Inc. – Segment focus

12.16 The Boeing Co.

Exhibit 168: The Boeing Co. – Overview
Exhibit 169: The Boeing Co. – Business segments
Exhibit 170: The Boeing Co. – Key offerings
Exhibit 171: The Boeing Co. – Segment focus

12.17 United Aircraft Corp.

Exhibit 172: United Aircraft Corp. – Overview
Exhibit 173: United Aircraft Corp. – Product / Service
Exhibit 174: United Aircraft Corp. – Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 175: Inclusions checklist
Exhibit 176: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 177: Currency conversion rates for US$

13.4 Research methodology

Exhibit 178: Research methodology
Exhibit 179: Validation techniques employed for market sizing
Exhibit 180: Information sources

13.5 List of abbreviations

Exhibit 181: List of abbreviations

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