Top 15 Companies in Military Aircraft and Aerospace Manufacturing Market: Spherical Insights Analysis (2024–2035)
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Military Aircraft and Aerospace Manufacturing Market Size is projected to Grow from USD 337.5 Billion in 2024 to USD 812.5 Billion by 2035, at a CAGR of 8.31% during the forecast period 2025–2035. The market for Military Aircraft and Aerospace Manufacturing is growing demand with the evolving threats; increasing investment in defence modernization is driving the global military aircraft & aerospace manufacturing market.
Introduction
Military aircraft and aerospace refers to the manufacturing market industry that includes designing, development, production and maintenance of aircraft, spacecraft and related systems for especially military applications. Military aircraft and aerospace manufacturing refers to designing, construction, testing and maintaining aircraft, aircraft, missiles, rockets or spacecraft. Aerospace is a high-technology industry, which supports aviation by building aircraft and manufacturing aircraft parts for their maintenance. Advanced air mobility (AAM) in military aircraft and aerospace manufacturing emphasizes new aircraft design and technologies. In addition, unmanned systems, especially unmanned air -vehicles (UAVs) or drone manufacturing, aids to advance market development. AI adapts to AIDS in accelerating progress in various fields, such as aftermarket services and supply chain. Increased investment in development of advanced military aircraft by national defense officers with increasing security concerns, military aircraft and aerospace are creating new development opportunities in the manufacturing market.
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Military Aircraft and Aerospace Manufacturing Market Size & Statistics
- The Market Size for Military Aircraft and Aerospace Manufacturing Was estimated to be worth USD 337.5 Billion in 2024.
- The Market Size is going to Expand at a CAGR of 8.31% between 2025 and 2035.
- The Global Military Aircraft and Aerospace Manufacturing Market Size is anticipated to reach USD 812.5 Billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the Military Aircraft and Aerospace Manufacturing Market
- Asia Pacific is expected to grow the fastest during the forecast period in the Military Aircraft and Aerospace Manufacturing Market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the military aircraft and aerospace manufacturing market. The growing defense budget for modernizing the armed forces and strengthening the situation for better management is running the market for military aircraft and aerospace manufacturing. Countries wishing to strengthen their military capabilities and strategic participation are increasing the regional market for military aircraft and aerospace manufacturing.
North America is expected to generate the highest demand during the forecast period in the military aircraft and aerospace manufacturing market. The growing requirement of military aircraft, both human and unmanned, which is predicted to come from the US, is increasing the market demand in the region. In addition, adequate defense investment and technological advancement initiative, with the commitment of the region for military modernization, are increasing the growth of the market.
Top 10 Trends in the Military Aircraft and Aerospace Manufacturing Market
- AI integration
- autonomous systems (especially UAVs)
- cybersecurity
- advanced materials and additive manufacturing for lighter
- more durable aircraft
- sustainability efforts focusing on electric/hybrid propulsion
- immersive technologies for training
- the expansion of space-based systems
- hypersonic technologies
- Digital Twins and Modeling
1. AI integration
AI is being used to optimize flight routes, enhance maintenance (predictive maintenance), improve design simulations, and enable more autonomous decision-making in military systems.
2. autonomous systems (especially UAVs)
Advancements in drone technology are leading to their increased use in surveillance, delivery, and combat roles, with autonomous fighter jets becoming a growing focus.
3. cybersecurity
The increasing integration of digital systems makes robust cybersecurity crucial to protect sensitive information, avionics, and infrastructure from rising digital threats.
4. advanced materials and additive manufacturing for lighter
Lighter, more durable structures are being developed using new advanced materials and 3D printing (additive manufacturing), which also shortens prototyping timelines and allows for intricate component creation.
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Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the military aircraft and aerospace manufacturing market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 10 Companies Leading the Military Aircraft and Aerospace Manufacturing Market
- Lockheed Martin
- Boeing
- Airbus
- Northrop Grumman
- BAE Systems
- Dassault Aviation
- Saab AB
- General Electric (GE Aviation)
- Raytheon Technologies
- General Dynamics
- Others
1. Lockheed Martin
Headquarters: U.S.
Lockheed Martin is a dominant global aerospace and defense company, specializing in the design, manufacture, and sustainment of advanced military aircraft like the F-35 Lightning II and C-130J Super Hercules. The company plays a crucial role in the military aircraft market by providing cutting-edge defense systems, integrated aerospace solutions, and global sustainment services to military customers, including the U.S. Armed Forces and international partners. Lockheed Martin's market position is strengthened by its legacy of innovation, commitment to accelerating aerospace technologies, and its role in fostering international cooperation through initiatives like the Tata Lockheed Martin Aerostructures Limited (TLMAL) joint venture in India.
2. Boeing
Headquarters: U.S.
Boeing is a dominant force in the aerospace and defense manufacturing market, holding a strong position in both commercial and military sectors. The company designs, manufactures, and services a wide range of products, including military aircraft like helicopters, transports, and missiles, as well as commercial planes, satellites, and launch systems. Boeing's Defense, Space & Security division serves governments and allied customers globally, focusing on areas such as military rotorcraft, satellites, and autonomous systems. As a top U.S. exporter and a significant global defense contractor, Boeing plays a crucial role in supporting the modernization of national defense forces, exemplified by its work with the Indian Air Force on platforms like the Apache and Chinook helicopters.
3. Airbus
Headquarters: Netherlands
Airbus is a major player in both military aircraft and the broader aerospace manufacturing market, holding significant positions in tactical airlift, aerial refuelling, and combat aircraft. The company's offerings include the A400M, C295, A330 MRTT, and the Eurofighter, serving global security needs and providing critical support services like maintenance and training. Airbus is also a leader in commercial aerospace manufacturing, with major operations in Germany and global sales of commercial aircraft.
4. Northrop Grumman
Headquarters: U.S.
Northrop Grumman is a major global player in the military aircraft and aerospace manufacturing market, focusing on advanced technologies for defense, space, and information systems. The company develops and produces sophisticated systems such as the B-21 Raider bomber, E-2D Hawkeye aircraft, and advanced radar systems, along with significant contributions to space programs and cyber operations. They leverage digital transformation and integrated technologies to provide solutions for air, land, sea, space, and cyberspace, positioning themselves as a key provider of integrated solutions to customers like the U.S. military.
Are you ready to discover more about the Military Aircraft and Aerospace Manufacturing market?
The report provides an in-depth analysis of the leading companies operating in the global military aircraft and aerospace manufacturing market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Lockheed Martin
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Boeing
- Airbus
- Northrop Grumman
- BAE Systems
- Dassault Aviation
- Saab AB
- Others
Conclusion
Military aircraft and aerospace manufacturing markets are a technically advanced and rapidly developed industry. Market growth is mainly inspired to increase global security concerns, which are motivating the national defense agencies to invest heavy in modernization. A major trend is the integration of advanced technologies such as AI, autonomous systems such as UAVs, and sophisticated cyber security measures to increase the performance and operational capabilities of military assets. Additionally, adopting new materials and manufacturing techniques such as 3D printing is enabling the production of lighter and more durable aircraft. While North America holds a prominent place in demand due to its adequate defense investments, the Asia Pacific region is demonstrating the fastest development, reflecting the widespread trend of countries that strengthen their military and strategic abilities. Overall, the market is characterized by a strong emphasis on innovation and continuous development of the next generation defense technologies.
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