Market Size of military aviation Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 55.63 Billion |
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Market Size (2030) | USD 75.52 Billion |
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Largest Share by Sub Aircraft Type | Fixed-Wing Aircraft |
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CAGR (2024 - 2030) | 5.23 % |
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Largest Share by Region | North America |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Military Aviation Market Analysis
The Military Aviation Market size is estimated at 55.63 billion USD in 2024, and is expected to reach 75.52 billion USD by 2030, growing at a CAGR of 5.23% during the forecast period (2024-2030).
55.6 B
Market Size in 2024 (USD)
75.5 B
Market Size in 2030 (USD)
5588
Total Deliveries in the Historic Period (2017-2023)
7413
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Sub-Aircraft Type
82.07 %
value share, Fixed-Wing Aircraft, 2023
There is an increased need to maintain military supremacy and to enhance their combat capabilities by procuring advanced combat aircraft across all the countries.
Largest Market by Body Type
53.07 %
value share, Multi-Role Aircraft, 2023
The ability to perform ground strikes, air superiority, suppression of enemy air defenses, and electronic warfare missions are driving the procurement of advanced multi-role aircraft.
Largest Market by Region
40.11 %
value share, North America, 2023
Various ongoing military modernization programs aimed at procuring advanced aircraft across the region are anticipated to drive the market's growth.
Largest Market by Country
38.98 %
value share, United States, 2023
Rising geopolitical tensions worldwide and the involvement of the United States in these conflicts are some of the factors driving the country to spend on the military.
Leading Market Player
37.06 %
market share, Lockheed Martin Corporation, 2022
Lockheed Martin provides a wide range of high-performance combat and ISR aircraft. Its vast geographical presence enables it to be a leading player.
The market for military aviation is expected to expand as the military replaces older aircraft with fighter, large transport, and special mission aircraft
- The global military aircraft fleet has witnessed some drastic changes with large-scale and rapid upgradation in the military aircraft fleet globally. The fixed-wing aircraft segment accounted for around 57% of global military aircraft deliveries in 2022. The fixed-wing aircraft segment is expected to witness higher growth due to the increasing procurement of next-generation combat aircraft by several countries, such as the United States, Germany, India, Australia, the United Arab Emirates, and China. The overall military aviation market is also expected to be driven by the military forces' plans to replace their aging aircraft fleet with fighter jets, big transport aircraft, and special-mission aircraft.
- In the helicopter segment, multi-mission helicopters are anticipated to register the highest growth during the forecast period. Most countries are planning to procure multi-mission helicopters to enhance their combat capabilities. The increasing military spending, fueled by the growth of political and geographical tensions between the countries, has increased procurement in countries such as India, Kuwait, Qatar, Australia, Russia, and the United Arab Emirates to strengthen their combat capabilities.
- Focus on indigenous manufacturing by various countries is also likely to boost the procurement of various advanced aircraft and rotorcraft by the armed forces worldwide during the forecast period. Under Vision 2030, the Government of Saudi Arabia is planning to increase the local military equipment spending to 50% by 2030 to strengthen its domestic manufacturing. During 2023-2030, over 7,700 military aircraft are expected to be delivered, further driving the market.
The rising military conflicts globally have realigned the emphasis of the major military powers
- In 2022, the war between Russia and Ukraine further fueled the defense budgets across various countries and the need to reassess the operational readiness of the armed forces globally. The world military expenditure rose by 3.7% in 2022 to reach a record high of USD 2240 billion. Russia’s invasion of Ukraine was a major driver of the growth in spending in 2022. The five biggest spenders in 2022 were the United States, China, Russia, India, and Saudi Arabia, which together accounted for 63% of world military spending.
- In 2022, the war between Russia and Ukraine further fueled the need to reassess the operational readiness of the global armed forces. NATO nations are undergoing fleet modernization and expansion programs with the procurement of new fixed-wing aircraft.
- The active fleet of fixed-wing aircraft increased by around 1% from 2017 to 2022. In terms of military helicopter procurements during 2017-2022, North America dominated the market with 37% of the total helicopter fleet. This is primarily driven by the United States, which has the largest military helicopter fleet globally, with 32% of the global share. Asia-Pacific is another significant market, with a share of 26%, due to the increasing defense budgets of countries like China and India. Europe has been witnessing a substantial growth of 20%, with countries like Russia, France, Germany, and the UK investing in helicopter modernization programs.
- The armed conflicts and internal security are aiding in the growth of defense expenditure globally, with nations strengthening their armed forces with new procurements of aircraft. With the expansion of aircraft fleets, the global military aviation market is expected to grow during 2023-2030.
Military Aviation Industry Segmentation
Fixed-Wing Aircraft, Rotorcraft are covered as segments by Sub Aircraft Type. Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.
- The global military aircraft fleet has witnessed some drastic changes with large-scale and rapid upgradation in the military aircraft fleet globally. The fixed-wing aircraft segment accounted for around 57% of global military aircraft deliveries in 2022. The fixed-wing aircraft segment is expected to witness higher growth due to the increasing procurement of next-generation combat aircraft by several countries, such as the United States, Germany, India, Australia, the United Arab Emirates, and China. The overall military aviation market is also expected to be driven by the military forces' plans to replace their aging aircraft fleet with fighter jets, big transport aircraft, and special-mission aircraft.
- In the helicopter segment, multi-mission helicopters are anticipated to register the highest growth during the forecast period. Most countries are planning to procure multi-mission helicopters to enhance their combat capabilities. The increasing military spending, fueled by the growth of political and geographical tensions between the countries, has increased procurement in countries such as India, Kuwait, Qatar, Australia, Russia, and the United Arab Emirates to strengthen their combat capabilities.
- Focus on indigenous manufacturing by various countries is also likely to boost the procurement of various advanced aircraft and rotorcraft by the armed forces worldwide during the forecast period. Under Vision 2030, the Government of Saudi Arabia is planning to increase the local military equipment spending to 50% by 2030 to strengthen its domestic manufacturing. During 2023-2030, over 7,700 military aircraft are expected to be delivered, further driving the market.
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Military Aviation Market Size Summary
The military aviation market is poised for significant growth, driven by the modernization and expansion of global military aircraft fleets. The fixed-wing aircraft segment is expected to lead this growth, fueled by the procurement of next-generation combat aircraft by countries such as the United States, Germany, India, Australia, the United Arab Emirates, and China. The need to replace aging aircraft fleets with advanced fighter jets, transport aircraft, and special-mission aircraft is a key factor propelling the market. Additionally, the helicopter segment, particularly multi-mission helicopters, is anticipated to experience robust growth as nations enhance their combat capabilities. The increasing military expenditure, spurred by geopolitical tensions and conflicts, has led to heightened procurement activities in regions like Asia-Pacific, where countries such as China and India are significantly boosting their defense budgets.
The global military aviation market is also influenced by a shift towards indigenous manufacturing, with countries like Saudi Arabia aiming to increase local military equipment spending. The geopolitical landscape, marked by conflicts such as the Russia-Ukraine war, has prompted nations to reassess their military readiness, leading to increased defense budgets and fleet modernization efforts. The Asia-Pacific region, in particular, is witnessing a surge in military spending as major powers expand their aircraft fleets to gain strategic advantages in regional conflicts. The market is fairly consolidated, with major players like Airbus SE, Dassault Aviation, Lockheed Martin Corporation, Textron Inc., and The Boeing Company dominating the landscape. Recent developments, such as the US government's approval of significant military equipment sales and contracts for aircraft production, underscore the dynamic nature of the market and its potential for continued expansion.
Military Aviation Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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1.1 Sub Aircraft Type
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1.1.1 Fixed-Wing Aircraft
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1.1.1.1 Multi-Role Aircraft
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1.1.1.2 Training Aircraft
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1.1.1.3 Transport Aircraft
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1.1.1.4 Others
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1.1.2 Rotorcraft
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1.1.2.1 Multi-Mission Helicopter
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1.1.2.2 Transport Helicopter
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1.1.2.3 Others
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1.2 Region
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1.2.1 Asia-Pacific
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1.2.1.1 Australia
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1.2.1.2 China
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1.2.1.3 India
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1.2.1.4 Indonesia
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1.2.1.5 Japan
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1.2.1.6 Malaysia
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1.2.1.7 Philippines
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1.2.1.8 Singapore
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1.2.1.9 South Korea
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1.2.1.10 Thailand
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1.2.1.11 Rest of Asia-Pacific
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1.2.2 Europe
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1.2.2.1 France
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1.2.2.2 Germany
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1.2.2.3 Italy
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1.2.2.4 Netherlands
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1.2.2.5 Russia
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1.2.2.6 Spain
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1.2.2.7 UK
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1.2.2.8 Rest of Europe
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1.2.3 Middle East and Africa
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1.2.3.1 Algeria
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1.2.3.2 Egypt
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1.2.3.3 Qatar
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1.2.3.4 Saudi Arabia
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1.2.3.5 South Africa
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1.2.3.6 Turkey
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1.2.3.7 United Arab Emirates
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1.2.3.8 Rest of Middle East and Africa
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1.2.4 North America
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1.2.4.1 Canada
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1.2.4.2 Mexico
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1.2.4.3 United States
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1.2.4.4 Rest of North America
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1.2.5 South America
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1.2.5.1 Brazil
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1.2.5.2 Chile
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1.2.5.3 Colombia
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1.2.5.4 Rest of South America
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Military Aviation Market Size FAQs
How big is the Global Military Aviation Market?
The Global Military Aviation Market size is expected to reach USD 55.63 billion in 2024 and grow at a CAGR of 5.23% to reach USD 75.52 billion by 2030.
What is the current Global Military Aviation Market size?
In 2024, the Global Military Aviation Market size is expected to reach USD 55.63 billion.
