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

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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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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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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