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 neighbors or terrorist groups which is promoting country governments to invest in expanding their air force to build stronger air defense 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 neighbors.
Browse the full report description of “Fighter Aircraft Market Size, Share & Trends Analysis Report by Take-off and Landing (Conventional Take-Off and Landing (CTOL), Short Take-Off and Landing (STOL), and Vertical Take-Off and Landing (VTOL)), and by Aircraft Type (Light Attack, Multirole Fighter, Electronic Warfare (EW), and Trainer), Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/fighter-aircraft-market
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.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Take-off and Landing
o By Aircraft Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape-includes Airbus SE, Boeing Co., Dassault Aviation, Lockheed Martin Corp., Saab AB, and others.
Key questions addressed by the report
Global Fighter Aircraft Market Report Segment
By Take-off and Landing
By Aircraft Type
Global Fighter Aircraft Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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