Fighter Aircraft Market Size

Fighter Aircraft Market size was valued at USD 47.06 billion in 2023 and is expected to reach USD 73.6 billion by 2036, expanding at around 3.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of fighter aircraft is assessed at USD 48.38 billion.

The total number of fighters anticipated to produce over the next decade is higher than the number of aircraft produced during the previous 10 years.  As nations are striving to enhance their aerial combat capabilities, several countries are upgrading their 2^nd and 3^rd generation fighter aircraft with new 4^th and 5^th generation aircraft. Besides, technology advancement in stealth mode, hypersonic speed, and armory precision plays an important role in the market.