The latest research study “Fighter Aircraft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global fighter aircraft market size reached US$ 57.18 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 70.33 Billion by 2027 exhibiting a growth rate (CAGR) of 3.30% during 2022-2027.
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Fighter aircraft are explicitly designed for air-to-air combat to secure control of the essential airspace by destroying enemy airplanes. They have the capabilities of firepower, ground attack, and maneuverability, which assist in establishing air superiority of the battlespace in military conflict. Fighter aircraft are also used for non-combat purposes, including training, search and rescue, transport, observation and surveillance, reconnaissance, airborne early warning and control (AEW&C), aerial refueling, etc. They are highly specialized with advanced features, such as modified engines that contain an afterburner to offer additional thrust when fuel is ignited in the augmenter. As a result, fighter aircraft find widespread applications in homeland security and defense sectors.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Fighter Aircraft Market Trends :
The rising spending by the defense agencies on replacing existing warplanes and superiority fighters, owing to the increasing terrorism and geopolitical tensions between countries, is primarily driving the fighter aircraft market.
Besides this, the escalating demand for military modernization, growing situational awareness, and the integration of advanced battlefield systems to improve navigation, surveillance, and communications are further augmenting the market growth. Moreover, the launch of multirole fighter aircraft with extreme agility, stealth features, incorporated sensor package, superior performance, and modern weaponry is also catalyzing the global market.
Apart from this, the introduction of sophisticated technologies, including air-to-surface missiles, laser-guided bombs, and anti-radiation projectiles for various missions, such as surveillance, attack, electronic warfare, and signals intelligence, is anticipated to propel the fighter aircraft market over the forecasted period.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Take-off and Landing:
- Conventional Take-off and Landing
- Short Take-off and Landing
- Vertical Take-off and Landing
Breakup by Aircraft Type:
- Fixed-Wing
- Rotorcraft
Breakup by Application:
- Homeland Security
- Defense
- Others
By Geography:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
List of Major Key Players:
The major players in the market are
- Airbus SE
- Aviation Industry Corporation of China Ltd.
- BAE Systems PLC
- Dassault Aviation S.A
- Hindustan Aeronautics Limited
- Korea Aerospace Industries
- Leonardo SpA
- Lockheed Martin Corporation
- Raytheon Technologies Corporation
- Saab AB
- The Boeing Company.
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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