How big is the Military Aircraft Market | Size, Share & Future Outlook 2025

Code: MTA7275 Publication Date: Aug 2025

How big is the military aircraft market?

According to 6Wresearch internal database and industry insights, the Global Military Aircraft Market was valued at USD 70 Billion in 2024 and is expected to reach USD 110 Billion by 2031, growing at a compound annual growth rate of 6.70% during the forecast period (2025-2031).

The market is expanding due to increased geopolitical tensions, modernization of existing air fleets, and sustained investments in next-generation combat and surveillance aircraft by defense forces worldwide.

Growth Factors for Military Aircraft Market

  • Major economies are purchasing next-generation aircraft as a result of worldwide defense modernization initiatives.
  • Increasing regional conflicts and border tensions are accelerating air force capabilities.
  • The market is expanding as a result of investments in stealth technologies and unmanned aerial platforms.
  • Innovation and production scale are being supported by cooperative development initiatives among allies.
  • There is a growing need for enhanced aerial surveillance, intelligence gathering, and combat capabilities.
  • Demand is also being stimulated by the upgrades and lifecycle extension of aging aircraft fleets.

Military Aircraft Market Trends

The Military Aircraft Market is shifting toward multirole aircraft capable of strike, surveillance, and electronic warfare. Combat aerial vehicles, or UCAVs, are becoming more popular for low-risk, precision operations. New military aircraft are increasingly adopting stealth technology. AI is being used more and more for threat detection, autonomous navigation, and targeting. The use of modular aircraft designs for mission-specific configurations is growing.

Emerging Developments in the Military Aircraft Market

Emerging developments in the Military Aircraft Market include sixth-generation aircraft featuring hypersonic weapons and adaptive engines. Long-duration, high-altitude UAVs are being tested for prolonged surveillance tasks. Defense departments are investigating sustainable aviation fuel use and electric propulsion systems. Situational awareness is being improved by sensor fusion technology and advanced avionics.

List of Leading Companies in the Military Aircraft Market

Below is a comprehensive list of the leading market players driving growth in this sector -

1. Lockheed Martin Corporation

Company NameLockheed Martin Corporation
Established Year1995
HeadquartersBethesda, United States
Official WebsiteClick Here

Known for F-35, F-22 Raptor, and tactical aircraft solutions worldwide.

2. Boeing Defense, Space & Security

Company NameBoeing Defense, Space & Security
Established Year2002
HeadquartersArlington, United States
Official WebsiteClick Here

Offers fighters like the F-15EX, tankers, and surveillance aircraft.

3. Airbus Defence and Space

Company NameAirbus Defence and Space
Established Year2014
HeadquartersTaufkirchen, Germany
Official Website-

Provides A400M, Eurofighter Typhoon, and advanced air systems.

4. Northrop Grumman Corporation

Company NameNorthrop Grumman Corporation
Established Year1939
HeadquartersFalls Church, United States
Official WebsiteClick Here

Specializes in stealth bombers, drones, and ISR platforms.

5. Dassault Aviation

Company NameDassault Aviation
Established Year1929
HeadquartersParis, France
Official WebsiteClick Here

Manufactures the Rafale multirole fighter and Falcon jets.

6. Sukhoi Company (UAC)

Company NameSukhoi Company (UAC)
Established Year1939
HeadquartersMoscow, Russia
Official WebsiteClick Here

Known for Su-57 and Su-35 fighter jets with high manoeuvrability.

7. BAE Systems plc

Company NameBAE Systems plc
Established Year1999
HeadquartersLondon, United Kingdom
Official WebsiteClick Here

Provides components for Eurofighter and unmanned systems.

8. Chengdu Aircraft Industry Group

Company NameChengdu Aircraft Industry Group
Established Year1958
HeadquartersChengdu, China
Official WebsiteClick Here

Known for J-20 stealth fighter and other PLA air force platforms.

9. Embraer Defense & Security

Company NameEmbraer Defense & Security
Established Year1969
HeadquartersSão Paulo, Brazil
Official WebsiteClick Here

Offers light attack aircraft like A-29 Super Tucano and KC-390.

How big is the Military Aircraft Market : FAQ's

The military aircraft market is projected to reach USD 110 Billion by 2031.
The military aircraft market is expected to grow at a CAGR of 6.70% during the forecast period.
Multirole combat aircraft, unmanned aerial vehicles (UAVs), and airborne early warning systems.
The substantial defense budgets and modernization initiatives, North America, Europe, and Asia-Pacific are in the lead.
Stealth capabilities, hypersonic weapons, AI-powered systems, and composite material construction.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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