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Fighter Aircraft Market Size & Share, by Aircraft Type (Fixed-Wing and Rotorcraft); Take-Off & Landing (Conventional Take-Off & Landing Aircraft, Short Take-Off & Landing Aircraft, Vertical Take-Off & Landing Aircraft) and By Application (Air Combat, Electronic Warfare and Ground Attack) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 2641
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Fighter Aircraft Market size was valued at USD 48.71 billion in 2024 and is expected to reach USD 76.18 billion by 2037, registering around 3.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of fighter aircraft is assessed at USD 50.16 billion.

The total number of fighters anticipated to produce over the next decade is higher than the number of aircraft produced during the previous 10 years.  As nations are striving to enhance their aerial combat capabilities, several countries are upgrading their 2nd and 3rd generation fighter aircraft with new 4th and 5th generation aircraft. Besides, technology advancement in stealth mode, hypersonic speed, and armory precision plays an important role in the market.

Growth Drivers

Augmentation of Existing Aircraft Fleet

Many countries are striving in augmenting their aircraft combat capabilities and upgrading their older generation aircraft such as Mig-21, F-194 and others with newer generation such as F-22, Sukhoi Su-35 and others aircraft having advanced features. Factors such as technology advancement in stealth mode, hypersonic speed, and armory precision are estimated to support the development of a fighter aircraft market.

More Air Support in War-Ravaged Countries

Fighter aircraft are tending to play a crucial role in war-ravaged countries such as Iraq, Afghanistan, Syria, and countries experiencing warfare such as Ukraine, Yemen, and the Democratic Republic of Congo which is anticipated to support the growth of fighter aircraft market over the forecast period.

Challenges

Adoption of Unmanned Aerial Vehicles

The development of unmanned aerial vehicles such as drones, rotor wings, and armed rotorcraft are expected to act as a restraint for the growth of the fighter aircraft market.

Budget Constraints

The budget constraints of a few smaller countries are restraining them to upgrade their aircraft fleet to new generation aircraft, which is anticipated to restrict the growth of the global fighter aircraft market.

Fighter Aircraft Market: Key Insights

Report Attribute Details

Base Year

2024

Forecast Year

2025-2037

CAGR

3.5%

Base Year Market Size (2024)

USD 48.71 billion

Forecast Year Market Size (2037)

USD 76.18 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Fighter Aircraft Segmentation

The market is segmented by aircraft type, take-off & landing and by application. Among these segments, the aircraft type segment is further segmented to fixed-wing and rotorcraft, out of which the fixed-wing segment is anticipated to have the highest growth during the forecast period on account of the development of more advanced and stealthier fixed-wing aircraft, increasing fixed-wing aircraft orders followed by the deliveries during the forecast period. The Lockheed Martin F-35 is anticipated to be the largest fighter program over the decade on account of its tactical fighter of choice for the U.S. Army, Naval and Marine Corps. A significant number of fighter aircraft are expected to roll off the production line in the next 10 years, out of which the F-35s is anticipated to hold a significant share of the fighter aircraft market. The F-16 fighter aircraft has received a constant technological upgrade over the decade and becomes the first choice for the nations in Eastern Europe and Asia that want to purchase the American fighter but are unable to afford the F-35 aircraft.

Our in-depth analysis of the global market includes the following segments

By Aircraft Type
  • Fixed-Wing
  • Rotorcraft

By Take-off and Landing
  • Conventional Take-Off And Landing Aircraft
  • Short Take-Off And Landing Aircraft
  • Vertical Take-Off And Landing Aircraft

By Generation

 
  • First-Generation
  • Second-Generation
  • Third-Generation
  • Fourth-Generation
  • Fifth-Generation

By Application

 
  • Air Combat
  • Electronic Warfare
  • Ground Attack
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Fighter Aircraft Industry - Regional Synopsis

Regionally, the fighter aircraft market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.

North America industry is anticipated to hold largest revenue share by 2037, on account of upgrading the aircraft fleet in the USAF (the United States Air Force) and to deal with the increase aircraft fleet in Russian and Chinese Air Force. Russian’s United Aircraft Cooperation (UAC) continues to supply the fighters to the nations outside the U.S. and European defense spheres whereas China is anticipated to gradually build market in Asia and Africa by offering the JF-17 lighter fighter aircraft in cooperation with Pakistan’s PAC on the export market.

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Companies Dominating the Fighter Aircraft Landscape

    • Lockheed Martin Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Airbus SE
    • The Boeing Company
    • Dassault Aviation
    • Raytheon Company
    • United Aircraft Corporation 
    • Rolls Royce
    • General Dynamics Cooperation
    • Bae System

Recent Developments

  • ·June 2020: The Aeronautical Development Agency (ADA) approved the Tejas-N design to operate from the deck of India's two aircraft carriers INS Vikramaditya and the soon to be inducted INS Vikrant.
  • Report ID: 2641
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

In the year 2025, the industry size of fighter aircraft is assessed at USD 50.16 billion.

Fighter Aircraft Market size was valued at USD 48.71 billion in 2024 and is expected to reach USD 76.18 billion by 2037, registering around 3.5% CAGR during the forecast period i.e., between 2025-2037.

North America industry is anticipated to hold largest revenue share by 2037, on account of upgrading the aircraft fleet in the USAF (the United States Air Force) and to deal with the increase aircraft fleet in Russian and Chinese Air Force.

The major players in the market are Lockheed Martin Corporation, Airbus SE, The Boeing Company, Dassault Aviation, Raytheon Company, United Aircraft Corporation, Rolls Royce, General Dynamics Cooperation, Bae System, and others.

Fighter Aircraft Market Report Scope

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