Global Military Aircraft & Aerospace Manufacturing Market Size To Exceed USD 812.5 Billion By 2035 | CAGR of 8.31%
Category: Aerospace & DefenseGlobal Military Aircraft & Aerospace Manufacturing Market Size To Exceed USD 812.5 Billion By 2035
According to a research report published by Spherical Insights & Consulting, the Global Military Aircraft & Aerospace Manufacturing Market Size is Expected 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.
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Browse key industry insights spread across 240 pages with 120 Market data tables and figures & charts from the report on the "Global Military Aircraft & Aerospace Manufacturing Market Size, Share, and COVID-19 Impact Analysis, By Product/Service (Aircraft Parts, Avionics & Electronic Systems, Maintenance, Repair & Overhaul (MRO) & Other Services, and Missiles & Space Systems), By Aircraft Type (Fixed-Wing Aircraft, Rotocraft, and Unmanned Aerial Vehicles (UAVs)), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/military-aircraft-and-aerospace-manufacturing-market
The military aircraft & aerospace manufacturing market is the industry encompassing the designing, development, production, and maintenance of aircraft, spacecraft, and related systems specifically for military applications. Manufacturing of military aircraft & aerospace involves the designing, building, testing, and maintaining aircraft, aircraft parts, missiles, rockets, or spacecraft. The increasing investment in the development of advanced military aircraft by the national defense authorities, with the rising security concerns, is creating new growth opportunities in the military aircraft & aerospace manufacturing market. Evolving threats and geopolitical tensions, including Eastern Europe and the South China Sea, are expected to drive the demand for advanced military capabilities is anticipated to propel the market demand. Advanced military aviation, including drones that provide intelligence, surveillance, and reconnaissance capabilities contributing to driving the market growth. On the contrary, increased production costs of aircraft and aerospace, cyber threats, and high investments are challenging the market growth.
The aircraft parts segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product/service, the military aircraft & aerospace manufacturing market is divided into aircraft parts, avionics & electronic systems, maintenance, repair & overhaul (MRO) & other services, and missiles & space systems. Among these, the aircraft parts segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. With an increasing emphasis on innovative technologies and efficient production processes, there is a consistent demand for aircraft parts.
The fixed-wing aircraft segment accounted for a major share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the aircraft type, the military aircraft & aerospace manufacturing market is divided into fixed-wing aircraft, rotocraft, and unmanned aerial vehicles (UAVs). Among these, the fixed-wing aircraft segment accounted for a major share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The procurement of next-generation aircraft for enhancing aerial combat capabilities and maintaining air superiority is propelling the market growth in the fixed-wing aircraft segment.
North America is expected to hold the majority share of the global military aircraft & aerospace manufacturing market during the forecast period.
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North America is expected to hold the majority share of the global military aircraft & aerospace manufacturing market during the forecast period. The region’s commitment to military modernization, along with the substantial defense investments and technological advancement initiatives, is propelling the regional market growth.
Asia Pacific is anticipated to grow at the fastest pace in the global military aircraft & aerospace manufacturing market during the forecast period. Increasing focus on strengthening the country’s military capabilities, along with the growing strategic partnerships, aids in propelling the regional market demand for military aircraft & aerospace manufacturing.
Europe is expected to hold a significant share of the military aircraft & aerospace manufacturing market during the predicted timeframe. Companies' growing investments in cutting-edge innovations spanning AI, advanced materials, 3D printing, and autonomous systems are propelling the military aircraft & aerospace manufacturing market.
Major vendors in the global military aircraft & aerospace manufacturing market are Airbus SAS, The Boeing Company, Saab AB, Bell Texton Inc., Sukhoi Corporation, Korea Aerospace Industries, Embraer SA, Hindustan Aeronautics Limited, GE Aviation, Lockheed Martin Corporation, Raytheon Technologies Corporation, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In February 2025, Rolls-Royce announced a significant partnership with Hyderabad-based Azad Engineering to manufacture complex components for military aircraft engines. The collaboration aligns with India’s push for defence indigenisation and aims to strengthen the country’s aerospace manufacturing capabilities.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the military aircraft & aerospace manufacturing market based on the below-mentioned segments:
Global Military Aircraft & Aerospace Manufacturing Market, By Product/Service
- Aircraft Parts
- Avionics & Electronic Systems
- Maintenance
- Repair & Overhaul (MRO) & Other Services
- Missiles & Space Systems
Global Military Aircraft & Aerospace Manufacturing Market, By Aircraft Type
- Fixed-Wing Aircraft
- Rotocraft
- Unmanned Aerial Vehicles (UAVs)
Global Military Aircraft & Aerospace Manufacturing Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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