Military Transport Aircraft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Military Transport Aircraft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A6469
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Market Overview:

The global military transport aircraft market size reached US$ 32.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 38.6 Billion by 2028, exhibiting a growth rate (CAGR) of 2.9% during 2023-2028.

Military transport aircraft are specially designed fixed and rotary wing cargo aircraft used to deliver troops, weapons, vehicles, and other military equipment. They support military operations by performing multi-role duties, such as aerial refueling, rescue missions, and intelligence-gathering. As military transport aircraft have a huge cargo storage space, they are also used to transport personnel and army supplies during military operations. They play a crucial role in maintaining supply lines to forward locations inaccessible by land or sea and can be employed for both strategic and tactical operations. As a result, military transport aircraft are widely used for combat operations, transportation, emergency services, surveillance, and reconnaissance.

Military Transport Aircraft Market Trends:

The increasing global tension between neighboring countries and the rising inclination to enhance aerial combat and support capabilities during war or enemy attacks are among the key factors driving the market growth. In line with this, the widespread adoption of rotorcraft airplanes to perform airdrop missions, tactical airlifts, and transport litters and ambulatory patients during aeromedical evacuations is favoring the market growth. Apart from this, key players are introducing modern military transport aircraft that offer superior agility, higher speed, maneuverability, and a high survival rate in adverse weather conditions, which is providing an impetus to the market growth. Moreover, the integration of advanced communication systems to facilitate the transfer of real-time data of cargo to the experts at the air traffic control (ATC) is acting as another growth-inducing factor. Furthermore, the advent of the COVID-19 pandemic facilitated the utilization of military transport aircraft to deliver personal protective equipment (PPE), medicines, and ventilators from foreign countries is positively influencing the market growth. Besides this, several nations are upgrading their existing transport aircraft with newer generation technologies and features, which, in turn, is propelling the market growth. Other factors, including the implementation of various government initiatives focusing on expanding defense budgets and extensive research and development (R&D) activities, are supporting the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global military transport aircraft market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on aircraft type, payload and application.

Breakup by Aircraft Type:

  • Fixed Wings
  • Rotorcraft
     

Breakup by Payload:

  • Below 50 Tons
  • 51 Tons to 100 Tons
  • 101 Tons and Above
     

Breakup by Application:

  • Troop Airlifting
  • Cargo Supply
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Airbus SE, Aviation Industry Corporation of China Ltd., Embraer S.A., Hindustan Aeronautics Limited, Kawasaki Heavy Industries Ltd., Leonardo S.p.A., Lockheed Martin Corporation, Textron Inc. and The Boeing Company.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Aircraft Type, Payload, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Airbus SE, Aviation Industry Corporation of China Ltd., Embraer S.A., Hindustan Aeronautics Limited, Kawasaki Heavy Industries Ltd., Leonardo S.p.A., Lockheed Martin Corporation, Textron Inc. and The Boeing Company
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global military transport aircraft market was valued at US$ 32.3 Billion in 2022.

We expect the global military transport aircraft market to exhibit a CAGR of 2.9% during 2023-2028.

The increasing adoption of military transport aircraft for transportation, emergency services, surveillance, reconnaissance, etc., is primarily driving the global military transport aircraft market.

The sudden outbreak of the COVID-19 pandemic has led to the growing utilization of military transport aircraft to deliver Personal Protective Equipment (PPE), medicines, ventilators, etc., across several nations.

Based on the aircraft type, the global military transport aircraft market can be divided into fixed wings and rotorcraft. Currently, fixed wings account for the majority of the global market share.

Based on the payload, the global military transport aircraft market has been segregated into below 50 tons, 51 tons to 100 tons, and 101 tons and above. Among these, below 50 tons currently exhibit clear dominance in the market.

Based on the application, the global military transport aircraft market can be bifurcated into troop airlifting, cargo supply, and others. Currently, cargo supply holds the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global military transport aircraft market include Airbus SE, Aviation Industry Corporation of China Ltd., Embraer S.A., Hindustan Aeronautics Limited, Kawasaki Heavy Industries Ltd., Leonardo S.p.A., Lockheed Martin Corporation, Textron Inc., and The Boeing Company.

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Military Transport Aircraft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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