What is the global market size of Military Aircraft Market?

Military Aircraft Market size was valued at USD 96.23 million in 2021 and is poised to grow from USD 106.90 million in 2023 to USD 154.48 million by 2030, at a CAGR of 5.4% during the forecast period (2023-2030).

Top Military Aircraft Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Military Aircraft Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Military Aircraft industry players.

Military Aircraft Market Competitive Landscape

Military Aircraft Market Top Player’s Company Profiles

Lockheed Martin Corporation - USA

Boeing Company - USA

Airbus SE - Netherlands/France

Northrop Grumman Corporation - USA

BAE Systems plc - United Kingdom

Raytheon Technologies Corporation - USA

Saab AB - Sweden

Leonardo S.p.A. - Italy

Dassault Aviation SA - France

General Dynamics Corporation - USA

Sukhoi Company (United Aircraft Corporation) - Russia

Embraer S.A. - Brazil

Textron Inc. (Bell Textron) - USA

Mitsubishi Heavy Industries, Ltd. - Japan

Hindustan Aeronautics Limited (HAL) - India

Korean Aerospace Industries, Ltd. - South Korea

United Aircraft Corporation - Russia

Turkish Aerospace Industries, Inc. - Turkey

Israel Aerospace Industries Ltd. - Israel

Chengdu Aircraft Industry Group - China

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FAQs

Global Military Aircraft Market size was valued at USD 48.3 Billion in 2024 and is poised to grow from USD 50.57 Billion in 2025 to USD 73.02 Billion by 2033, growing at a CAGR of 4.7% during the forecast period (2026–2033).

The global military aircraft market is fiercely competitive, with key players including Boeing, Lockheed Martin, Airbus, Northrop Grumman, and BAE Systems. These industry giants engage in intense research, development, and production to secure government contracts for advanced fighter jets, transport planes, and reconnaissance aircraft. Additionally, emerging players like Saab and Dassault Aviation contribute to the competition, driving innovation and technological advancement. Geopolitical factors, budget constraints, and shifting defense priorities influence market dynamics, prompting companies to focus on cost-effective solutions, interoperability, and cutting-edge capabilities to maintain their competitive edge in this high-stakes sector. 'Lockheed Martin Corporation (United States) ', 'The Boeing Company (United States) ', 'Airbus (Netherlands) ', 'BAE Systems (United Kingdom) ', 'Northrop Grumman (United States) ', 'Dassault Aviation (France) ', 'General Dynamics (United States) ', 'Raytheon Technologies (United States) ', 'Leonardo (Italy) ', 'Embraer (Brazil) ', 'Rolls-Royce (United Kingdom) ', 'GE Aviation (United States) ', 'Hindustan Aeronautics Limited (India) ', 'Korea Aerospace Industries (South Korea) ', 'Chengdu Aircraft Industry Group (China) ', 'Sukhoi (Russia) ', 'Textron (United States) ', 'Rheinmetall (Germany) ', 'Thales (France) '

Geopolitical Tensions and Security Concerns: Ongoing geopolitical tensions and security concerns around the world drive the demand for advanced military aircraft. Nations invest in modernizing their air forces to maintain a strong defense posture and deter potential adversaries.

Advancements in Stealth Technology: The development and integration of stealth technology into military aircraft was a significant trend in the global military aircraft market. Stealth technology aims to reduce an aircraft's radar cross-section and other signatures, making it less detectable by enemy radar systems. This trend was driven by the need to maintain air superiority and conduct covert operations in increasingly sophisticated and integrated air defense environments.

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Top Military Aircraft Companies

Military Aircraft Market Competitive Landscape

FAQs

What is the global market size of Military Aircraft Market?

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