Military Transport Aircrafts Market size is estimated to be USD in 2024 and is expected to reach USD by 2033 at a CAGR of % from 2026 to 2033.
The global military transport aircraft market was valued at approximately USD 29.4 billion in 2021 and is projected to reach around USD 45.4 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.8% from 2022 to 2030. In 2023, the market size is expected to be USD 25.1 billion, with a forecasted CAGR of 6.8% from 2023 to 2030.
Regionally, North America holds a dominant position in the military transport aircraft market, driven primarily by increased defense spending in the United States. For instance, in 2020, U.S. military expenditure reached $778 billion, marking a 4.4% increase compared to 2019. The Asia Pacific region is anticipated to witness the highest growth rate during the forecast period, fueled by defense modernization initiatives in countries like China and India. In January 2021, India planned to procure 56 medium military transport aircraft worth approximately $2.5 billion to bolster its air force capabilities. Europe also represents a significant market, with collaborative defense initiatives enhancing military mobility and strategic airlift capabilities among NATO members.
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Airbus SE
Aviation Industry Corporation of China
Leonardo SpA
Lockheed Martin Corporation
Embraer SA
Ukroboronprom
United Aircraft Corporation
The Boeing Company
ILYUSHIN
Kawasaki Heavy Industries
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Military Transport Aircrafts Market
Fixed-Wing Aircraft
Rotary-Wing Aircraft
Hybrid Aircraft
Light Weight (up to 10 tons)
Medium Weight (10 to 20 tons)
Heavy Weight (20 tons and above)
Troop Transport
Cargo Transport
Aerial Refueling
Medical Evacuation
Search and Rescue
Defense Forces
Government Agencies
Private Contractors
International Organizations
Combat Zone Operations
Humanitarian Missions
Logistics and Supply Chain Support
Training and Simulation
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Military Transport Aircrafts Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Military Transport Aircrafts Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Military Transport Aircrafts Market, By Type
6. Global Military Transport Aircrafts Market, By Application
7. Global Military Transport Aircrafts Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Military Transport Aircrafts Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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