The global fighter aircraft market is expected to grow at a substantial CAGR of 3.7% during the forecast period (2023-2030). The increase in the expansion of the Air Forces by various countries is driving the global market. Countries facing increased threats from aggressive neighbours or terrorist groups which is promoting country governments to invest in expanding their air force to build stronger air defence capabilities which involves supporting fighter jet squads to ensure rapid response and interception of potential threats. Another reason for this expansion is the competitiveness between any two challenging nations. When regional competitors engage in an arms fight, it creates pressure on other countries to keep control. This often leads to increased Air Force expansion and fighter jet purchasing to avoid falling behind and becoming helpless and being always competitive with their challenging neighbours.
For instance, in June 2023, GE Aerospace signedan MOU with Hindustan Aeronautics Limited to produce fighter jet engines for the Indian Air Force. The agreement includes the joint production of GE Aerospace’s F414 engines in India, and GE Aerospace will continue to work with the US government to receive the necessary export authorization for this. The effort is part of the Indian Air Force’s Light Combat Aircraft Mk2 program.
Further, in February 2023 the United States Air Force (USAF) expanded its lineup for Aero India 2023 with the appearance of two B-1B?Lancers after a journey to India from their temporary duty location at Andersen Air Force Base, Guam. The B-1B Lancer is a supersonic heavy?bomber, which is capable of carrying out missions worldwide.
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Market Coverage
- The market number available for – 2023-2030
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Take-off and Landing
- By Aircraft Type
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-includes Airbus SE, Boeing Co., Dassault Aviation, Lockheed Martin Corp., Saab AB, and others.
Fighter Aircraft Market Report Segment
By Take-off and Landing
- Conventional Take-Off and Landing (CTOL)
- Short Take-Off and Landing (STOL)
- Vertical Take-Off and Landing (VTOL)
By Aircraft Type
- Light Attack
- Multirole Fighter
- Electronic Warfare (EW)
- Trainer
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Company Profiles
- Aero Vodochody A.S.
- Antonov State Co.
- BAE Systems plc
- Bharat Electronics Ltd.
- CAE Inc.
- Chengdu Aircraft Industry Group
- Collins Aerospace
- Denel SOC Ltd.
- Embraer S.A.
- Eurofighter Jagdflugzeug GmbH
- General Electric Aviation
- HAL Korut (Turkey)
- Hindustan Aeronautics Ltd.
- Honeywell Aerospace
- Irkut Corp.
- Israel Aerospace Industries Ltd.
- Kawasaki Heavy Industries, Ltd.
- Korean Aerospace Industries Co., Ltd.
- Leonardo S.p.A.
- Mikoyan Design Bureau
- Mitsubishi Heavy Industries, Ltd.
- Northrop Grumman Corp.
- Pilatus Aircraft Ltd.
- Pratt & Whitney
- Rafael Advanced Defence Systems Ltd.
- Rolls-Royce plc
- Sukhoi Co.
- Textron Aviation Inc.
- Tupolev PJSC
- Turkish Aerospace Industries, Inc.
- Yakovlev Design Bureau?
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