Strategic Bombers

Strategic Bombers

Global Strategic Bombers Market to Reach US$7.5 Billion by 2030

The global market for Strategic Bombers estimated at US$6.6 Billion in the year 2023, is expected to reach US$7.5 Billion by 2030, growing at a CAGR of 1.8% over the analysis period 2023-2030. Turbofan Engine, one of the segments analyzed in the report, is expected to record a 2.0% CAGR and reach US$5.6 Billion by the end of the analysis period. Growth in the Turboprop Engine segment is estimated at 1.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.8 Billion While China is Forecast to Grow at 3.9% CAGR

The Strategic Bombers market in the U.S. is estimated at US$1.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 3.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.4% and 1.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 0.8% CAGR.

Global Strategic Bombers Market - Key Trends and Drivers Summarized

Strategic bombers are long-range aircraft designed to deliver large quantities of air-to-ground weaponry onto a distant target for the purpose of debilitating the enemy`s capacity to wage war. Unlike tactical bombers, which are used in the direct support of ground troops, strategic bombers are used to attack strategic targets like supply bases, bridges, factories, and cities to diminish the enemy`s ability to sustain war.

Over the years, strategic bombers have evolved from simple unguided bomb carriers to sophisticated platforms capable of deploying a wide range of munitions including precision-guided bombs, cruise missiles, and nuclear weapons. The integration of advanced avionics, stealth technology, and global positioning systems has transformed these bombers into highly effective tools for long-range strategic warfare. Modern strategic bombers are also capable of performing reconnaissance, electronic warfare, and even cyber-warfare missions. As geopolitical tensions persist and the demand for versatile, multi-role capabilities increases, the role of strategic bombers continues to expand, adapting to new combat and strategic paradigms that require flexibility and precision.

The growth in the strategic bombers market is driven by several factors, including the resurgence of global military power competitions and heightened security threats from adversarial states. The technological arms race, particularly in hypersonic and stealth technologies, compels nations to invest in next-generation bombers capable of eluding radar detection and delivering weapons at unprecedented speeds. Additionally, the need for extended global reach without reliance on local basing for aircraft has become crucial for many nations, underpinning the demand for aircraft with extensive flight capabilities and advanced refueling systems. Budget allocations for defense spending, particularly in the United States, China, and Russia, support the development and procurement of these advanced systems. Furthermore, the strategic shift towards nuclear modernization and the requirement for a credible aerial nuclear deterrent also drive investment in this sector. As countries modernize their nuclear arsenals, the dual-capable nature of strategic bombers that can deploy both conventional and nuclear weapons becomes increasingly significant, ensuring their role remains central to national security strategies.

Select Competitors (Total 86 Featured) -

• Dassault Aviation SA
• Northrop Grumman Corporation
• PJSC Tupolev (United Aircraft Corporation)
• The Boeing Company

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.