Share this article
Share this article
ResearchAndMarkets.com s offering.
The global military fixed-wing aircraft market is valued at US$95.3 billion in 2021 and will grow at a CAGR of 2.81% to reach a value of US$125.8 billion by 2031. The cumulative market for global military fixed-wing aircraft is estimated at US$1145.6 billion over the forecast period. The Asia-Pacific region is projected to garner a share of 36.6% of the total global military aircraft market during 2021-2031. Countries such as India and China are contributing in significant terms to the growth of the military fixed-wing market in this region. The demand for military aircraft is expected to be driven by the need to replace fleets of aging aircraft, internal and external security threats, regional arms race in the region, and increasing counterterrorism operations undertaken by the armed forces across various countries.