The Military Transport Aircraft Global Market Report 2023 by The Business Research Company, provides military transport aircraft market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Military Transport Aircraft Global Market Report 2023, the global military transport aircraft market size grew from $29.82 billion in 2022 to $32.4 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global military transport aircraft market is expected to grow to $46.85 billion in 2027 at a CAGR of 9.7%.
The rise in demand for rotorcraft airplanes is expected propel the growth of the military transport aircraft market in the forecast period. With increasing tension between various global nations, countries strive to enhance their aerial combat and support capabilities during war or enemy attacks. Such countries plan to upgrade their military rotorcraft airplane fleet with highly functional and advanced aircraft to increase their military dominance.
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The military transport aircraft market is segmented:
1) By Aircraft Type: Fixed Wings, Rotorcraft
2) By Payload: Below 50 Tons, 51 Tons To 100 Tons, 101 Tons And Above
3) By Application: Transportation, Emergency Services, Combat Operation, Command And Control, Surveillance, Intelligence And Reconnaissance
Rapid technological advancements in air transportation services are a key trend in military transport aircraft. Major companies operating in the military transport aircraft are focused on developing new technological solutions to strengthen their position in the military transport aircraft market. These companies are implementing technology with futuristic, alternate travel modes by noting the growing prominence of the highly sophisticated AR/VR technology, AI, Big Data, Automation, Robotics, tech development, and others. For instance, in April 2022, Airbus SE, a manufacturer and seller of civil and military aerospace products developed next-generation systems-of-systems architecture named Future Combat Air System (FCAS). It uses a high-tech Multi-Domain Combat Cloud (MDCC) – a decentralized, cyber-resilient, collaborative information network using cloud-based technologies.
Top Major Players
Airbus SE,
Textron Aviation,
Rostec,
Lockheed Martin Corporation,
Embraer SA
The military transport aircraft market report table of contents includes:
- Executive Summary
- Military Transport Aircraft Market Characteristics
- Military Transport Aircraft Market Trends And Strategies
- Military Transport Aircraft Forwarding Market – Macro Economic Scenario
- Military Transport Aircraft Market Size And Growth
- Military Transport Aircraft Market Segmentation
- Military Transport Aircraft Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Military Transport Aircraft Market
- Military Transport Aircraft Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Military Transport Aircraft Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Military Transport Aircraft Market, Segmentation By Payload, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Military Transport Aircraft Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 46: Airbus SE Financial Performance
Table 47: Textron Aviation Financial Performance
Table 48: Rostec Financial Performance
Table 49: Lockheed Martin Corporation Financial Performance
Table 50: Embraer SA Financial Performance
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