Latest News- Fighter Aircraft Market: Fixed-wing is expected to lead the Type segment during 2025-2029

The Fighter Aircraft Market is being driven by Increasing number of military aircraft

The Fighter Aircraft Market is expected to grow at a CAGR of 3.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 10693.4 million. In the current geopolitical landscape, defense budgets have witnessed substantial growth due to the strategic importance of maintaining advanced aerial capabilities. Countries such as the US, Russia, and China are investing heavily to modernize their fighter aircraft fleets in response to the need for integrated air defense and countering advanced anti-access offensive weapon systems, including cruise and ballistic missiles. This trend is expected to continue, with the global military spending projected to reach USD1.8 trillion by 2027. The development and deployment of long-range airborne surveillance and strike platforms are key priorities for militaries worldwide to ensure national security and protect civilians from potential threats. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Fixed-wing
  • Rotorcraft
• Technology
  • Conventional take-off and landing
  • Short take-off and landing
  • Vertical take-off and landing
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing number of military aircraft
• Rising geopolitical tensions between countries
• Strategic collaborations

However, the market also witnesses some limitations, which are as follows:

• Barriers to adopt new technology and equipment
• Safety considerations for operations of fighter aircraft
• Delay in aircraft deliveries

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Market Scope in Fighter Aircraft Market Research Report

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Research Analysis Overview

The Fighter Aircraft Market is witnessing significant advancements with the integration of technologies such as thrust vectoring and canard design for enhanced maneuverability. Head-up displays and helmet-mounted displays improve pilot situational awareness. Electro-optical sensors, data link, and advanced sensors like hypersonic missiles and directed energy weapons are key features. Joint strike fighter, Eurofighter Typhoon, and next-generation fighters lead the market. Space-based systems, cyber warfare, hybrid warfare, and information warfare are emerging trends. Training tools like VR, AR, mission planning, and mission rehearsal are essential. Battle management, situational awareness, decision support systems, command and control, integrated logistics support, and life cycle management ensure optimal fleet performance. Weapon integration is a critical aspect of fighter aircraft development.

Market Research Overview

The global aerospace and defense industry encompasses the manufacturing and provision of aerial combat platforms, including fighter aircraft, capable of air-to-air combat, air-to-ground attack, electronic warfare, stealth technology, and supersonic flight. These multirole capabilities are integral to defense sectors, which also include naval, land, and air domains. The industry's capital goods market size is determined by the combined revenue generated from aerospace and defense, building and construction, electrical equipment, industrial conglomerates, machinery, trading companies, distributors, and defense logistics equipment. Technavio's analysis includes maintenance, overhaul, and repair (MRO) activities related to both commercial and defense sectors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/