Military Fixed-Wing Aircraft Market Outlook – 2027

A fixed-wing military aircraft is a basic aircraft used by the military for various patrolling and fighting purposes. These can be either combat or non-combat. The demand for military fixed-wing aircraft is driven by large-scale military modernization programs worldwide. In addition, the growing threat to national security and the proliferation of technology is boosting the application of military fixed-wing aircraft. 

Market scope and structure analysis

COVID-19 scenario analysis

• Military fixed-wing aircraft production is going to be more agile after the end of COVID-19.
• Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of military fixed-wing aircraft across the globe, thereby increasing the supply–demand gap. 
• Thus, insufficiency in raw material supply is expected to hamper the production rate of military fixed-wing aircraft, which negatively impacts the market growth. 
• However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Increase in military expenditure is likely to drive the demand for the military fixed-wing aircraft market. The need for refueling aircraft increases with the growing application of aviation in military & defense. Moreover, the market for military fixed-wing aircraft is consolidated with few players in the market, intensifying competition, and boosting demand. In addition to this, consistent improvisations and innovations are calling for modernization of military equipment. This propels the need to upgrade the existing military equipment, thereby fueling the military fixed-wing aircraft market. However, growing political issues and border security concerns are likely to hinder the pace of growth of the global military fixed-wing aircraft market during the forecast period. 

The global military fixed-wing aircraft market trends are as follows:

Rise in the military budget to propel production

The defense budget plays a vital role in upgrading military equipment. Increase in security threats across national borders is urging the military forces to bolster their military base and equipment. Moreover, aircraft are applied for general purposes, combat & rescue operations, and medical emergencies, ultimately proliferating the need for aircrafts, accordingly accelerating the demand for the military fixed-wing aircrafts. In addition, during military operations and exercises, the need for aviation refueling increases, and hence manned and unmanned aircraft military fixed-wing aircraft are put to emergent needs. 

Innovations in military fixed-wing aircraft to foster the demand  

The global military fixed-wing aircraft market has been witnessing strategic innovations in terms of air refueling aircraft. In addition to this, major competitors are launching new variants in the market that can be diversified into manned and unmanned aircraft. Moreover, the unmanned aircraft is anticipated to take a lead during the forecast period due to its ability to cater to emergency refueling and enhance the existing capacity of refueling military fixed-wing aircraft. Aircraft OEMs play a vital role in the market growth and these constant developments are expected to foster demand for the global military fixed-wing aircraft market during the forecast timeframe. Innovative aerial refueling and construction of refueling hoses are done to deliver better efficiency to the aircraft.

Key segments covered

Key benefits of the report

• This study presents the analytical depiction of the global military fixed-wing aircraft industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in the coming years. 

Questions answered in the military fixed-wing aircraft market research report:

• Which are the leading players active in the military fixed-wing aircraft market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What future projections would help in taking further strategic steps?