Global Military Aircraft Modernization And Upgrade And Retrofit Market 2024-2028
The military aircraft modernization and upgrade and retrofit market is forecasted to grow by USD 4.48 bn during 2023-2028, accelerating at a CAGR of 4.04% during the forecast period. The report on the military aircraft modernization and upgrade and retrofit market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by incorporation of CNS systems in aircraft, emergence of SVAB, and service life extension of military aircraft fleets.
Technavio's military aircraft modernization and upgrade and retrofit market is segmented as below:
By Application
- Combat aircraft
- Transport aircraft
- Others
By Type
- Fixed wing aircraft
- Rotary wing aircraft
By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
This study identifies the integration of advanced armaments in fighter jets as one of the prime reasons driving the military aircraft modernization and upgrade and retrofit market growth during the next few years. Also, rising demand for technologically advanced helicopters and growing investments in multi-layered air defense network will lead to sizable demand in the market.
The report on the military aircraft modernization and upgrade and retrofit market covers the following areas:
- Military aircraft modernization and upgrade and retrofit market sizing
- Military aircraft modernization and upgrade and retrofit market forecast
- Military aircraft modernization and upgrade and retrofit market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading military aircraft modernization and upgrade and retrofit market vendors that include Airbus SE, BAE Systems Plc, Dassault Aviation SA, Elbit Systems Ltd., Honeywell International Inc., Israel Aerospace Industries Ltd., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Technologies Corp., Saab AB, and The Boeing Co.. Also, the military aircraft modernization and upgrade and retrofit market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.