The global fighter aircraft market size reached USD 62.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 79.7 Billion by 2033, exhibiting a growth rate (CAGR) of 2.69% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 62.8 Billion |
Market Forecast in 2033 | USD 79.7 Billion |
Market Growth Rate (2025-2033) | 2.69% |
Fighter aircraft is designed mainly for air-to-air combat to secure control of essential airspace by destroying adversary aircraft. It has the capabilities of ground attack, firepower, and maneuverability, which help establish air superiority of the battlespace in military conflict. It is also used for non-combat purposes, including transport, training, search and rescue, reconnaissance, observation and surveillance, airborne early warning and control (AEW&C), and aerial refueling. Nowadays, fighter aircraft are highly specialized with advanced features like modified engines that contain an afterburner to provide additional thrust when fuel is ignited in the augmentor.
Due to a rise in terrorism and geopolitical tensions between countries, defense agencies are increasingly spending on replacing existing warplanes and superiority fighters with next-generation aircraft. This can also be attributed to the rising need for military modernization, growing situational awareness, and the widespread integration of advanced battlefield systems with military aircraft to improve surveillance, navigation, and communications. Apart from this, their demand is increasing in natural disaster vulnerable areas to mitigate the damage and provide essential supplies to victims of natural calamities during rescue missions. Besides this, the launch of multirole fighter planes with extreme agility, stealth features, integrated sensor package, superior performance, and modern weaponry is contributing to the market growth. Furthermore, key market players are launching fighter aircraft integrated with sophisticated technologies like air-to-surface missiles, laser-guided bombs, and anti-radiation missiles for a wide array of missions, including surveillance, attack, electronic warfare, and signals intelligence. In addition, as governing agencies of numerous countries are focusing on expanding defense budgets, the demand for advanced fighter aircraft is anticipated to increase in the coming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global fighter aircraft market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on take-off and landing, aircraft type and application.
Breakup by Take-off and Landing:
Breakup by Aircraft Type:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Airbus SE, Aviation Industry Corporation of China Ltd., BAE Systems PLC, Dassault Aviation S.A, Hindustan Aeronautics Limited, Korea Aerospace Industries, Leonardo SpA, Lockheed Martin Corporation, Raytheon Technologies Corporation, Saab AB and The Boeing Company.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Take-off and Landing, Aircraft Type, Application, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Airbus SE, Aviation Industry Corporation of China Ltd., BAE Systems PLC, Dassault Aviation S.A, Hindustan Aeronautics Limited, Korea Aerospace Industries, Leonardo SpA, Lockheed Martin Corporation, Raytheon Technologies Corporation, Saab AB and The Boeing Company |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global fighter aircraft market was valued at USD 62.8 Billion in 2024.
We expect the global fighter aircraft market to exhibit a CAGR of 2.69% during 2025-2033.
The rising terrorism and geopolitical tensions between countries, along with the growing adoption of fighter aircraft that provide heavy firepower, enhanced maneuverability, faster rates of climb, supersonic speed, etc., are primarily driving the global fighter aircraft market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the decline of various defense activities, thereby negatively impacting the global market for fighter aircraft.
Based on the take-off and landing, the global fighter aircraft market has been segregated into conventional take-off and landing, short take-off and landing and vertical take-off and landing. Among these, conventional take-off and landing currently holds the largest market share.
Based on the aircraft type, the global fighter aircraft market can be bifurcated into fixed-wing and rotorcraft. Currently, fixed-wing exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global fighter aircraft market include Airbus SE, Aviation Industry Corporation of China Ltd., BAE Systems PLC, Dassault Aviation S.A, Hindustan Aeronautics Limited, Korea Aerospace Industries, Leonardo SpA, Lockheed Martin Corporation, Raytheon Technologies Corporation, Saab AB, and The Boeing Company.