Asia-Pacific Military Aviation Market Size
Study Period | 2017 - 2030 | |
Market Size (2024) | USD 13.30 Billion | |
Market Size (2030) | USD 19.31 Billion | |
Largest Share by Sub Aircraft Type | Fixed-Wing Aircraft | |
CAGR (2024 - 2030) | 6.41 % | |
Largest Share by Country | China | |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Military Aviation Market Analysis
The Asia-Pacific Military Aviation Market size is estimated at 13.30 billion USD in 2024, and is expected to reach 19.31 billion USD by 2030, growing at a CAGR of 6.41% during the forecast period (2024-2030).
13.3 B
Market Size in 2024 (USD)
19.3 B
Market Size in 2030 (USD)
1539
Total Deliveries in the Historic Period (2017-2023)
2362
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Sub-Aircraft Type
76.59 %
value share, Fixed-Wing Aircraft, 2023
The country's focus on enhancing its combat capabilities by procuring technologically advanced combat aircraft drives the market's growth.
Fastest-growing Market by Sub-Aircraft Type
7.95 %
Projected CAGR, Fixed-Wing Aircraft, 2024-2030
Rising geopolitical tensions and border conflicts between the countries in the region are driving the procurement of advanced multirole aircraft to enhance their combat superiority.
Largest Market by Body Type
43.69 %
value share, Multi-Role Aircraft, 2023
The ability to perform ground strikes, air superiority, suppression of enemy air defenses, and electronic warfare missions is driving the procurement of advanced multirole aircraft.
Largest Market by Country
32.54 %
value share, China, 2023
Several border issues with neighboring countries and the increased threat of terrorism have prompted the country to spend a huge amount on its military equipment.
Leading Market Player
24.91 %
market share, Lockheed Martin Corporation, 2022
The company's ability to provide its most advanced fighter jets with superior lethality, connectivity, and survivability is driving it to capture a major market share.
The fixed-wing aircraft segment is anticipated to dominate the region's military aircraft procurement, driven by rising military expenditure in fleet expansion
- The Asia-Pacific Combined Military Expenditure (AMCE) amounted to USD 575 billion in 2022. This is a surge of 2.7%. Due to the expansion of the defense industries in East Asian countries, including Japan, South Korea, Taiwan, and Singapore, as well as China and India, defense budgets may continue to rise. Spending on the military in the region increased by more than 2.5%, surpassing that of Africa and the Americas in terms of growth.
- For instance, India and China increased their military expenditures, with India spending over USD 81.4 billion and China spending USD 292 in 2022. Defense spending also increased in Japan by 6% and Indonesia by 1.3% in 2022. The surge in fleet modernization and expansion programs is one of the major drivers of the increased defense expenditure.
- In terms of operational fleet, the region has the largest fleet of aircraft and rotorcraft, with 14,55 aircraft. Out of these, combat aircraft constitute about 4,989 aircraft, along with 519 special purpose aircraft, 48 tankers, 1,022 transport, and 3,094 training aircraft and helicopters. The fixed-wing aircraft segment is anticipated to occupy a major market share in the overall Asia-Pacific military aviation market during the forecast period. The region's market for fighter aircraft is expected to be driven by rising military spending.
- The demand for fighter aircraft in the region is also being fueled by the military modernization program of most Asian nations to replace their outdated fighter aircraft with newer generation aircraft to enhance their aerial combat capabilities. It is expected around 2600+ military aircraft are expected to be delivered in the region during 2023-30.
The modernization of the defense sector is resulting in an increase in the demand for military aircraft in the region
- In 2022, Asia-Pacific spent a total of USD 572 billion on military expenditure. Over the past few years, terrorist operations have increased in nations like Afghanistan, Pakistan, India, and the Philippines. As a result, more anti-terrorism funding is being made available to combat terrorism at the domestic and international levels. In the coming years, the region's economy is expected to be hampered by the ongoing trade war between China and the United States.
- Territorial disputes in the South China Sea and China's dominance over the Sea are also prompting various countries such as the Philippines, Indonesia, and Malaysia to spend more on their military equipment.
- During the forecast period, China, India, and South Korea are expected to procure the highest number of aircraft. China is expected to procure around 700 aircraft, including 500 Mi-17 helicopters and 200 J-20 fixed-wing aircraft. South Korea is likely to procure 357 aircraft, including 70 fixed-wing aircraft and 287 helicopters. India is expected to procure around 707 aircraft, including 605 fixed-wing aircraft and 102 rotorcraft.
- Some of the other major procurements in the region are Japan's procurement of 283 aircraft, including 133 fixed-wing aircraft and 150 Bell 412 helicopters. Australia is also expected to procure 118 aircraft, including 85 fixed-wing aircraft and 33 rotorcraft.
- During the forecast period, Thailand, Singapore, Malaysia, the Philippines, and Indonesia are projected to procure around 137 aircraft cumulatively. Taiwan is also expected to acquire around 60 aircraft, and Pakistan plans to acquire 44 aircraft during the forecast period.
Asia-Pacific Military Aviation Market Trends
Increased border tensions and the need for new aircraft has led to a surge in defense expenditure
- Asia-Pacific spent a total of USD 569 billion on military expenditures. Geopolitical conflicts such as border issues between China and India, internal security challenges, maritime surveillance, and counter-terrorism operations are some of the factors aiding the growth of the fixed-wing aircraft fleet of the countries in this region. The rise in military spending in China and India was the main cause of the increase in 2022. The combined military spending of the two nations in the region in 2022 was 66%. The increase in defense spending of the nations over the past ten years was driven by economic growth and territorial disputes.
- Major military powers, including India, China, Japan, and South Korea, are present in the Asia-Pacific region and are yearly growing their defense budgets. This budget includes a significant portion for the improvement and expansion of air superiority, which is driving the growth of military aviation in the region. For instance, in the budget of FY 2023, the Indian government allocated about 10% more for the Indian Air Force compared to the previous budget, including payments for the new Rafale fighters and the manufacturing of Sukhoi-30MKIs and Tejas fighters.
- The increased military spending in the Asia-Pacific region is intended to gain an advantage in several political and border conflicts, such as the tension in the South China Sea with many regional sovereign entities and border conflicts between India-China and India-Pakistan. The defense spending of major countries in China is expected to cross over USD 400 billion by 2030.
Fleet modernization and new procurements are projected to improve the APAC's military active fleet
- By the end of 2022, there were 15,543 active aircraft in the Asia-Pacific region, of which fixed-wing aircraft accounted for 60% while rotorcraft accounted for the remaining fleet. China, India, Japan, and South Korea together accounted for 55% of the total active fleet in the region.
- In 2020, the average aircraft fleet age in Asia-Pacific amounted to 9.5 years, which was projected to increase by 2030, when the average aircraft fleet age across the region was expected to be 10.7 years. The older aircraft, some of which date back to the 1960s, have been slowly phased out by the Indian Air Force. The MiG 21 and MiG 27 have been the backbone of the Indian Air Force (IAF). The average age of these aircraft is around 45 years. Australia’s two fighter aircraft, FA-18 and F-35, have been in service for the last 16 years and 8 years, respectively.
- Countries such as China, India, and South Korea are expanding their aircraft fleet size to fulfill the demands of modern warfare. They may continue to produce and acquire next-generation aircraft during the forecast period. The regional armed forces are also enhancing the capabilities of helicopters with cutting-edge technology to obtain military superiority over the external threat.
- Asia Pacific's active fleet increased by 3% in 2022 compared to 2017. Indonesia and Thailand accounted for 63% of the total fleet in Southeast Asia. In the coming years, the aircraft fleet may increase as major countries like Thailand, Malaysia, Singapore, Indonesia, and the Philippines plan to procure over 135 aircraft. The active fleet of the region is expected to expand at a healthy rate during the forecast period.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The Asia-Pacific economies have been subject to an increase in economic pressure due to a surge in public debt, which has had a negative impact on their defense spending
Asia-Pacific Military Aviation Industry Overview
The Asia-Pacific Military Aviation Market is moderately consolidated, with the top five companies occupying 63.76%. The major players in this market are Aviation Industry Corporation of China, Ltd, Dassault Aviation, Hindustan Aeronautics Limited, Lockheed Martin Corporation and The Boeing Company (sorted alphabetically).
Asia-Pacific Military Aviation Market Leaders
Aviation Industry Corporation of China, Ltd
Dassault Aviation
Hindustan Aeronautics Limited
Lockheed Martin Corporation
The Boeing Company
Other important companies include Airbus SE, Embraer, Korea Aerospace Industries, Leonardo S.p.A, Textron Inc..
*Disclaimer: Major Players sorted in alphabetical order.
Asia-Pacific Military Aviation Market News
- June 2023: Airbus Flight Academy Europe, a subsidiary of Airbus that supplies training services for the pilots and civilian cadets of the French Armed Forces, signed a memorandum of understanding (MoU) with AURA AERO.
- May 2023: The US State Department approved a potential sale of CH-47 Chinook helicopters, engines, and equipment worth USD 8.5 billion to Germany.
- March 2023: Boeing has been awarded a contract by the US government to manufacture 184 AH-64E Apache attack helicopters for the US military and international customers. The US government announced USD 1.95 million, indicating that the helicopter will be delivered to the US military and overseas buyers - specifically Australia and Egypt - as a part of the paramilitary process to the Foreign Service (FMS) from the US government. Contract completion is expected by the end of 2027.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 45+ free charts, the section covers data on commercial aircraft deliveries by manufacturer, backlogs of commercial aircraft, active military aircraft fleet by type of aircraft, overall business jets and helicopters fleet by manufacturer and also classified by type of ownership.
Asia-Pacific Military Aviation Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Gross Domestic Product
- 4.2 Active Fleet Data
- 4.3 Defense Spending
- 4.4 Regulatory Framework
- 4.5 Value Chain Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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5.1 Sub Aircraft Type
- 5.1.1 Fixed-Wing Aircraft
- 5.1.1.1 Multi-Role Aircraft
- 5.1.1.2 Training Aircraft
- 5.1.1.3 Transport Aircraft
- 5.1.1.4 Others
- 5.1.2 Rotorcraft
- 5.1.2.1 Multi-Mission Helicopter
- 5.1.2.2 Transport Helicopter
- 5.1.2.3 Others
-
5.2 Country
- 5.2.1 Australia
- 5.2.2 China
- 5.2.3 India
- 5.2.4 Indonesia
- 5.2.5 Japan
- 5.2.6 Malaysia
- 5.2.7 Philippines
- 5.2.8 Singapore
- 5.2.9 South Korea
- 5.2.10 Thailand
- 5.2.11 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
-
6.4 Company Profiles
- 6.4.1 Airbus SE
- 6.4.2 Aviation Industry Corporation of China, Ltd
- 6.4.3 Dassault Aviation
- 6.4.4 Embraer
- 6.4.5 Hindustan Aeronautics Limited
- 6.4.6 Korea Aerospace Industries
- 6.4.7 Leonardo S.p.A
- 6.4.8 Lockheed Martin Corporation
- 6.4.9 Textron Inc.
- 6.4.10 The Boeing Company
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR AVIATION CEOS
8. APPENDIX
-
8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- GROSS DOMESTIC PRODUCT, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 2:
- ACTIVE MILITARY AIRCRAFT FLEET BY COUNTRY, NUMBER OF AIRCRAFT, VOLUME, ASIA-PACIFIC, 2016 - 2030
- Figure 3:
- DEFENSE SPENDING, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 4:
- NUMBER OF NEW AIRCRAFT DELIVERIES, VOLUME, ASIA-PACIFIC, 2017 - 2030
- Figure 5:
- NUMBER OF NEW AIRCRAFT DELIVERIES, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 6:
- MILITARY AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME, ASIA-PACIFIC, 2017 - 2030
- Figure 7:
- MILITARY AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 8:
- MILITARY AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 9:
- MILITARY AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VALUE %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 10:
- FIXED-WING AIRCRAFT DELIVERIES BY BODY TYPE, VOLUME, ASIA-PACIFIC, 2017 - 2030
- Figure 11:
- FIXED-WING AIRCRAFT DELIVERIES BY BODY TYPE, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 12:
- FIXED-WING AIRCRAFT DELIVERIES BY BODY TYPE, VOLUME %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 13:
- FIXED-WING AIRCRAFT DELIVERIES BY BODY TYPE, VALUE %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 14:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY MULTI-ROLE AIRCRAFT, UNITS, 2017 - 2030
- Figure 15:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY MULTI-ROLE AIRCRAFT, USD, 2017 - 2030
- Figure 16:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 17:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY TRAINING AIRCRAFT, UNITS, 2017 - 2030
- Figure 18:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY TRAINING AIRCRAFT, USD, 2017 - 2030
- Figure 19:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 20:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY TRANSPORT AIRCRAFT, UNITS, 2017 - 2030
- Figure 21:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY TRANSPORT AIRCRAFT, USD, 2017 - 2030
- Figure 22:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 23:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY OTHERS, UNITS, 2017 - 2030
- Figure 24:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY OTHERS, USD, 2017 - 2030
- Figure 25:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 26:
- ROTORCRAFT DELIVERIES BY BODY TYPE, VOLUME, ASIA-PACIFIC, 2017 - 2030
- Figure 27:
- ROTORCRAFT DELIVERIES BY BODY TYPE, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 28:
- ROTORCRAFT DELIVERIES BY BODY TYPE, VOLUME %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 29:
- ROTORCRAFT DELIVERIES BY BODY TYPE, VALUE %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 30:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY MULTI-MISSION HELICOPTER, UNITS, 2017 - 2030
- Figure 31:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY MULTI-MISSION HELICOPTER, USD, 2017 - 2030
- Figure 32:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 33:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY TRANSPORT HELICOPTER, UNITS, 2017 - 2030
- Figure 34:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY TRANSPORT HELICOPTER, USD, 2017 - 2030
- Figure 35:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 36:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY OTHERS, UNITS, 2017 - 2030
- Figure 37:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY OTHERS, USD, 2017 - 2030
- Figure 38:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 39:
- MILITARY AVIATION DELIVERIES BY COUNTRY, VOLUME, ASIA-PACIFIC, 2017 - 2030
- Figure 40:
- MILITARY AVIATION DELIVERIES BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 41:
- MILITARY AVIATION DELIVERIES BY COUNTRY, VOLUME %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 42:
- MILITARY AVIATION DELIVERIES BY COUNTRY, VALUE %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 43:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY AUSTRALIA, UNITS, 2017 - 2030
- Figure 44:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY AUSTRALIA, USD, 2017 - 2030
- Figure 45:
- MILITARY AVIATION DELIVERIES SHARE, VALUE, %, AUSTRALIA, 2023 VS 2030
- Figure 46:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY CHINA, UNITS, 2017 - 2030
- Figure 47:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY CHINA, USD, 2017 - 2030
- Figure 48:
- MILITARY AVIATION DELIVERIES SHARE, VALUE, %, CHINA, 2023 VS 2030
- Figure 49:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY INDIA, UNITS, 2017 - 2030
- Figure 50:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY INDIA, USD, 2017 - 2030
- Figure 51:
- MILITARY AVIATION DELIVERIES SHARE, VALUE, %, INDIA, 2023 VS 2030
- Figure 52:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY INDONESIA, UNITS, 2017 - 2030
- Figure 53:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY INDONESIA, USD, 2017 - 2030
- Figure 54:
- MILITARY AVIATION DELIVERIES SHARE, VALUE, %, INDONESIA, 2023 VS 2030
- Figure 55:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY JAPAN, UNITS, 2017 - 2030
- Figure 56:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY JAPAN, USD, 2017 - 2030
- Figure 57:
- MILITARY AVIATION DELIVERIES SHARE, VALUE, %, JAPAN, 2023 VS 2030
- Figure 58:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY MALAYSIA, UNITS, 2017 - 2030
- Figure 59:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY MALAYSIA, USD, 2017 - 2030
- Figure 60:
- MILITARY AVIATION DELIVERIES SHARE, VALUE, %, MALAYSIA, 2023 VS 2030
- Figure 61:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY PHILIPPINES, UNITS, 2017 - 2030
- Figure 62:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY PHILIPPINES, USD, 2017 - 2030
- Figure 63:
- MILITARY AVIATION DELIVERIES SHARE, VALUE, %, PHILIPPINES, 2023 VS 2030
- Figure 64:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY SINGAPORE, UNITS, 2017 - 2030
- Figure 65:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY SINGAPORE, USD, 2017 - 2030
- Figure 66:
- MILITARY AVIATION DELIVERIES SHARE, VALUE, %, SINGAPORE, 2023 VS 2030
- Figure 67:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY SOUTH KOREA, UNITS, 2017 - 2030
- Figure 68:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY SOUTH KOREA, USD, 2017 - 2030
- Figure 69:
- MILITARY AVIATION DELIVERIES SHARE, VALUE, %, SOUTH KOREA, 2023 VS 2030
- Figure 70:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY THAILAND, UNITS, 2017 - 2030
- Figure 71:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY THAILAND, USD, 2017 - 2030
- Figure 72:
- MILITARY AVIATION DELIVERIES SHARE, VALUE, %, THAILAND, 2023 VS 2030
- Figure 73:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY REST OF ASIA-PACIFIC, UNITS, 2017 - 2030
- Figure 74:
- ASIA-PACIFIC MILITARY AVIATION MARKET, BY REST OF ASIA-PACIFIC, USD, 2017 - 2030
- Figure 75:
- MILITARY AVIATION DELIVERIES SHARE, VALUE, %, REST OF ASIA-PACIFIC, 2023 VS 2030
- Figure 76:
- MOST ACTIVE COMPANIES, NUMBER OF STRATEGIC MOVES, ASIA-PACIFIC, 2018-2023
- Figure 77:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2018 - 2023
- Figure 78:
- MAJOR PLAYERS REVENUE SHARE (%), ASIA-PACIFIC, 2023
Asia-Pacific Military Aviation Industry Segmentation
Fixed-Wing Aircraft, Rotorcraft are covered as segments by Sub Aircraft Type. Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Thailand are covered as segments by Country.
- The Asia-Pacific Combined Military Expenditure (AMCE) amounted to USD 575 billion in 2022. This is a surge of 2.7%. Due to the expansion of the defense industries in East Asian countries, including Japan, South Korea, Taiwan, and Singapore, as well as China and India, defense budgets may continue to rise. Spending on the military in the region increased by more than 2.5%, surpassing that of Africa and the Americas in terms of growth.
- For instance, India and China increased their military expenditures, with India spending over USD 81.4 billion and China spending USD 292 in 2022. Defense spending also increased in Japan by 6% and Indonesia by 1.3% in 2022. The surge in fleet modernization and expansion programs is one of the major drivers of the increased defense expenditure.
- In terms of operational fleet, the region has the largest fleet of aircraft and rotorcraft, with 14,55 aircraft. Out of these, combat aircraft constitute about 4,989 aircraft, along with 519 special purpose aircraft, 48 tankers, 1,022 transport, and 3,094 training aircraft and helicopters. The fixed-wing aircraft segment is anticipated to occupy a major market share in the overall Asia-Pacific military aviation market during the forecast period. The region's market for fighter aircraft is expected to be driven by rising military spending.
- The demand for fighter aircraft in the region is also being fueled by the military modernization program of most Asian nations to replace their outdated fighter aircraft with newer generation aircraft to enhance their aerial combat capabilities. It is expected around 2600+ military aircraft are expected to be delivered in the region during 2023-30.
Sub Aircraft Type | Fixed-Wing Aircraft | Multi-Role Aircraft |
Training Aircraft | ||
Transport Aircraft | ||
Others | ||
Sub Aircraft Type | Rotorcraft | Multi-Mission Helicopter |
Transport Helicopter | ||
Others | ||
Country | Australia | |
China | ||
India | ||
Indonesia | ||
Japan | ||
Malaysia | ||
Philippines | ||
Singapore | ||
South Korea | ||
Thailand | ||
Rest of Asia-Pacific |
Market Definition
- Aircraft Type - All the military aircraft and rotorcraft which are used for various applications are included in this study.
- Sub-Aircraft Type - For this study, sub-aircraft types such as fixed-wing aircraft and rotorcraft based on their application are considered.
- Body Type - Multi-Role Aircraft, Transport, Training Aircraft, Bombers, Reconnaissance Aircraft, Multi-Mission Helicopters, Transport Helicopters and various other aircraft and rotorcraft are considered in this study.
Keyword | Definition |
---|---|
IATA | IATA stands for the International Air Transport Association, a trade organization composed of airlines around the world that has an influence over the commercial aspects of flight. |
ICAO | ICAO stands for International Civil Aviation Organization, a specialized agency of the United Nations that supports aviation and navigation around the globe. |
Air Operator Certificate (AOC) | A certificate granted by a National Aviation Authority permitting the conduct of commercial flying activities. |
Certificate Of Airworthiness (CoA) | A Certificate Of Airworthiness (CoA) is issued for an aircraft by the civil aviation authority in the state in which the aircraft is registered. |
Gross Domestic Product (GDP) | Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period by countries. |
RPK (Revenue Passenger Kilometres) | The RPK of an airline is the sum of the products obtained by multiplying the number of revenue passengers carried on each flight stage by the stage distance - it is the total number of kilometers traveled by all revenue passengers. |
Load Factor | The load factor is a metric used in the airline industry that measures the percentage of available seating capacity that has been filled with passengers. |
Original Equipment Manufacturer (OEM) | An original equipment manufacturer (OEM) traditionally is defined as a company whose goods are used as components in the products of another company, which then sells the finished item to users. |
International Transportation Safety Association (ITSA) | International Transportation Safety Association (ITSA) is an international network of heads of independent safety investigation authorities (SIA). |
Available Seats Kilometre (ASK) | This metric is calculated by multiplying Available Seats (AS) in one flight, defined above, multiplied by the distance flown. |
Gross Weight | The fully-loaded weight of an aircraft, also known as “takeoff weight,” which includes the combined weight of passengers, cargo, and fuel. |
Airworthiness | The ability of an aircraft, or other airborne equipment or system, to operate in flight and on the ground without significant hazard to aircrew, ground crew, passengers or to other third parties. |
Airworthiness Standards | Detailed and comprehensive design and safety criteria applicable to the category of aeronautical product (aircraft, engine or propeller). |
Fixed Base Operator (FBO) | A business or organization that operates at an airport. An FBO provides aircraft operating services like maintenance, fueling, flight training, charter services, hangaring, and parking. |
High Net worth Individuals (HNWIs) | High Net worth Individuals (HNWIs) are individuals with over USD 1 million in liquid financial assets. |
Ultra High Net worth Individuals (UHNWIs) | Ultra High Net worth Individuals (UHNWIs) are individuals with over USD 30 million in liquid financial assets. |
Federal Aviation Administration (FAA) | The division of the Department of Transportation is concerned with aviation. It operates Air Traffic Control and regulates everything from aircraft manufacturing to pilot training to airport operations in the United States. |
EASA (European Aviation Safety Agency) | The European Aviation Safety Agency is a European Union agency established in 2002 with the task of overseeing civil aviation safety and regulation. |
Airborne Warning and Control System (AW&C) aircraft | Airborne Warning and Control System (AEW&C) aircraft is equipped with a powerful radar and on-board command and control center to direct the armed forces. |
The North Atlantic Treaty Organization (NATO) | The North Atlantic Treaty Organization (NATO), also called the North Atlantic Alliance, is an intergovernmental military alliance between 30 member states – 28 European and two North American. |
Joint Strike Fighter (JSF) | Joint Strike Fighter (JSF) is a development and acquisition program intended to replace a wide range of existing fighter, strike, and ground attack aircraft for the United States, the United Kingdom, Italy, Canada, Australia, the Netherlands, Denmark, Norway, and formerly Turkey. |
Light Combat Aircraft (LCA) | A light combat aircraft (LCA) is a light, multirole jet/turboprop military aircraft, commonly derived from advanced trainer designs, designed for engaging in light combat. |
Stockholm International Peace Research Institute (SIPRI) | Stockholm International Peace Research Institute (SIPRI) is an international institute that provides data, analysis, and recommendations for armed conflict, military expenditure, and arms trade as well as disarmament and arms control. |
Maritime Patrol Aircraft (MPA) | A maritime patrol aircraft (MPA), also known as maritime reconnaissance aircraft is a fixed-wing aircraft designed to operate for long durations over water in maritime patrol roles, in particular, anti-submarine warfare (ASW), anti-ship warfare (AShW), and search and rescue (SAR). |
Mach Number | The Mach number is defined as the ratio of true airspeed to the speed of sound at the altitude of a given aircraft. |
Stealth Aircraft | Stealth is a Common term applied to low observable (LO) technology and doctrine, that makes an aircraft near invisible to radar, infrared or visual detection. |
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms