Military Embedded Systems

Global combat aircraft market revenues to reach $493.14 billion by 2026, study says

News

January 14, 2019

Lisa Daigle

Assistant Managing Editor

Military Embedded Systems

SAN ANTONIO, Texas. The global combat aircraft market is set for rapid growth, with the potential to reach revenues of $493.14 billion by 2026, according to a new market study by Frost & Sullivan, "Global Combat Aircraft Market, Forecast to 2026."

The market study predicts a combined annual growth rate (CAGR) in this market of 39 percent, a high rate that has much to do with geographical instability, territorial and border disputes, and the need to replace ageing fleets with modern fourth-/fifth-generation multirole fighters that have longer ferry range, higher payload capacity, and better survivability against integrated air defense networks. During the study period, Frost & Sullivan anticipates planned and perceived modernization and procurement opportunities in the combat aircraft market to exceed $101 billion.

“Older-generation combat aircraft will find future air combat environments challenging in the face of new air and ground-based sensors and weapons capabilities, increased digitalization of battlespace, and forces moving towards collaborative network-centric operations,” noted Frost & Sullivan industry analyst Arjun Sreekumar. “The installation of new-generation electronic countermeasures will be a minimum survival requirement in a rapidly evolving environment.”

For more information on this market study, please visit the Frost & Sullivan website.

 

 

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