Fighter Aircraft Market – Growth, Trends, And Forecast (2020 – 2025)
Fighter Aircraft market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics has been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The Market share and Market size prominent players for 2020 to 2025 are profiled in this report.
Top Companies like The Boeing Company, Airbus Defence and Space, Lockheed Martin, and Dassault Aviation
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Scope of the Report
As the countries are striving to enhance their aerial combat capabilities, several nations are upgrading their existing fighter jets or replacing their aging fleet with newer-generation aircraft with advanced features.
Key Market Trends
Conventional Take-off and Landing is Projected to Register the Highest CAGR during the Forecast Period
Currently, the conventional take-off and landing segment has the largest share of all the segments. Conventional take-off and landing refers to a method in which an aircraft accelerates along the ground until it has enough power for take-off. Most of the fighter aircraft currently manufactured are based on a conventional take-off and landing configuration. Currently, there are various programs that are ongoing, in terms of conventional take-off and landing fighter aircraft. Under the F-35 Joint Strike Fighter (JSF) Program, the US Department of Defense (DOD) is planning to acquire more than 2,400 new generation F-35s. In the total acquisition, more than 1,700 aircraft will be F-35A. Moreover, the F-35A is expected to replace the F-16 and the F-15 fighter aircraft. Singapore is also planning to replace the countrys aging F-16 fighter jets with the F-35 Joint Strike Fighter. Thus, the upcoming developments are expected to increase the focus on this segment, thereby increasing the expected CAGR of the segment.
North America is Expected to Witness the Highest Growth between 2020 – 2025
In the fighter aircraft market, North America is expected to experience the highest growth. In North America, various developments in fighter aircraft, are expected to lead to its high growth. The US Air Force, has been regarded as the supreme air force of the world since the end of the Second World War. Currently, the United States has over 2,000 fighter aircraft, and the US Department of Defense is now focused on upgrading its fighter aircraft fleet. Additionally, the USAF (the United States Air Force) plans to increase its fighter aircraft squadron from 55 to 65 in the coming years, in order to deal with the growing military might of China and Russia. In 2018, Lockheed Martin announced its plan to develop an updated version of its F-22 Raptor fighter aircraft for the USAF. Lockheed Martin plans to combine the top features of the F-35 and the F-22 aircraft into the F-22 Raptor Hybrid aircraft. Thus, various ongoing developments in fighter aircraft are expected to lead the growth of fighter aircraft in North America in the near future.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Fighter Aircraft Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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