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Report ID: SQMIG20A2185
Report ID:
SQMIG20A2185 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|
Tables:
64 |
Figures:
75
Global Military Aircraft Market size was valued at USD 101.43 million in 2022 and is poised to grow from USD 106.91 million in 2023 to USD 162.83 million by 2031, at a CAGR of 5.4% during the forecast period (2024-2031).
The global military aircraft market is characterized by evolving geopolitical tensions and technological advancements.
Key players include Boeing, Lockheed Martin, and Airbus, focusing on advanced fighter jets, unmanned aerial vehicles (UAVs), and military transport aircraft.
Rising demand for multi-role capabilities, stealth technology, and increased defense budgets drive market growth.
However, cost constraints, regulatory challenges, and shifting defense priorities impact procurement decisions.
The market is marked by fierce competition, with innovation in areas like autonomous capabilities, electronic warfare, and fuel efficiency gaining significance.
Geopolitical developments and the push for modernization continue to shape the industry's trajectory.
US Military Aircraft Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG20A2185