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Military Transport Aircraft Market Size

The military transport aircraft market is experiencing a modest growth trajectory, driven by increasing global defense expenditures and the need for fleet modernization amidst rising geopolitical tensions. The market's expansion is influenced by the strategic procurement of transport aircraft by nations seeking to enhance their military capabilities. This trend is particularly evident in regions like North America and Asia-Pacific, which hold significant portions of the active fleet. The ongoing conflicts and security challenges have prompted countries to reassess their military readiness, further contributing to the market's development.

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Market Size of military transport aircraft Industry

Military Transport Aircraft Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 8.08 Billion
svg icon Market Size (2030) USD 8.15 Billion
svg icon Largest Share by Region North America
svg icon CAGR (2024 - 2030) 0.15 %
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Military Transport Aircraft Market Analysis

The Military Transport Aircraft Market size is estimated at 8.08 billion USD in 2024, and is expected to reach 8.15 billion USD by 2030, growing at a CAGR of 0.15% during the forecast period (2024-2030).

8.1 B

Market Size in 2024 (USD)

8.2 B

Market Size in 2030 (USD)

420

Total Deliveries in the Historic Period (2017-2023)

469

Total Deliveries during the Forecast Period (2024-2030)

Largest Market by Region

39.73 %

value share, North America, 2023

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Various ongoing military modernization programs aimed at procuring advanced aircraft across the region are anticipated to drive the market's growth.

Fastest-growing Market by Region

15.17 %

Projected CAGR, Middle East and Africa, 2024-2030

Major countries such as Saudi Arabia and UAE are aiming to increase their aerial assets by entering into agreements to develop new products.

Largest Market by Country

38.39 %

value share, United States, 2023

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The country's plan to replace its aging transport aircraft is anticipated to drive the procurement of transport aircraft.

Leading Market Player

38.15 %

market share, Airbus SE, 2022

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Airbus also dominates the market at a global level with its extensive range of product offerings, including various types of transport aircraft.

Second Leading Market Player

30.04 %

market share, Lockheed Martin Corporation, 2022

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The company's technologically advanced transport aircraft offerings across all regions are positively reinforcing its growth and domination.

Rising demand for modern warfare associated with increasing defence budgets are the driving factors in the market

  • Military transport aircraft accounted for 8% of the global military aircraft fleet in 2022. The international security horizon in the second half of 2021 was marked by escalating geopolitical and border conflicts, with major confrontations such as between Russia and Ukraine, India, China, and other nations in Asia-Pacific. The armed conflicts and internal security boosted defense expenditures globally, with countries strengthening their armed forces with new procurements of transport aircraft.
  • The world's military expenditure rose 3.7% in 2022, reaching a record high of USD 2240 billion. Russia鈥檚 invasion of Ukraine was a major driver of the growth in spending in 2022. The five biggest spenders in 2022 were the United States, China, Russia, India, and Saudi Arabia, accounting for 63% of world military spending.
  • In 2022, the war between Russia and Ukraine fueled the need to reassess the operational readiness of the armed forces globally. Groups such as NATO nations are undergoing fleet modernization and expansion programs with the procurement of new transport aircraft.
  • The active fleet of military transport aircraft grew by around 0.4% from 2017 to 2022. North America and Asia-Pacific were accountable for 24% and 23% of the total transport aircraft active fleet globally.
Global Military Transport Aircraft Market

Military Transport Aircraft Industry Segmentation

Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.

  • Military transport aircraft accounted for 8% of the global military aircraft fleet in 2022. The international security horizon in the second half of 2021 was marked by escalating geopolitical and border conflicts, with major confrontations such as between Russia and Ukraine, India, China, and other nations in Asia-Pacific. The armed conflicts and internal security boosted defense expenditures globally, with countries strengthening their armed forces with new procurements of transport aircraft.
  • The world's military expenditure rose 3.7% in 2022, reaching a record high of USD 2240 billion. Russia鈥檚 invasion of Ukraine was a major driver of the growth in spending in 2022. The five biggest spenders in 2022 were the United States, China, Russia, India, and Saudi Arabia, accounting for 63% of world military spending.
  • In 2022, the war between Russia and Ukraine fueled the need to reassess the operational readiness of the armed forces globally. Groups such as NATO nations are undergoing fleet modernization and expansion programs with the procurement of new transport aircraft.
  • The active fleet of military transport aircraft grew by around 0.4% from 2017 to 2022. North America and Asia-Pacific were accountable for 24% and 23% of the total transport aircraft active fleet globally.
Region
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Thailand
Rest of Asia-Pacific
Europe
France
Germany
Italy
Netherlands
Russia
Spain
UK
Rest of Europe
Middle East and Africa
Algeria
Egypt
Qatar
Saudi Arabia
South Africa
Turkey
United Arab Emirates
Rest of Middle East and Africa
North America
Canada
Mexico
United States
Rest of North America
South America
Brazil
Chile
Colombia
Rest of South America
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Military Transport Aircraft Market Size Summary

The Military Transport Aircraft Market is experiencing a steady growth trajectory, driven by increasing global defense expenditures and geopolitical tensions. The market is characterized by a significant focus on fleet modernization and expansion, particularly in regions like Asia-Pacific and North America. The demand for military transport aircraft is being fueled by the need to enhance operational readiness and address security challenges, as evidenced by the ongoing conflicts and border disputes in areas such as Ukraine, China, and India. Major military powers are investing heavily in upgrading their air capabilities, with countries like China and India leading the charge in expanding their aircraft fleets to maintain strategic advantages.

The market landscape is fairly consolidated, with key players such as Airbus SE, Lockheed Martin Corporation, and The Boeing Company dominating the industry. These companies are actively involved in securing contracts and expanding their presence in various regions. The Asia-Pacific region, in particular, is witnessing a robust increase in military spending, with countries like Indonesia, Thailand, and Malaysia planning significant aircraft procurements. This growth is supported by the need to address modern warfare demands and enhance military superiority through advanced technology and next-generation aircraft. As a result, the Military Transport Aircraft Market is poised for continued expansion, with a focus on meeting the evolving needs of global defense forces.

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Military Transport Aircraft Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Region

      1. 1.1.1 Asia-Pacific

        1. 1.1.1.1 Australia

        2. 1.1.1.2 China

        3. 1.1.1.3 India

        4. 1.1.1.4 Indonesia

        5. 1.1.1.5 Japan

        6. 1.1.1.6 Malaysia

        7. 1.1.1.7 Philippines

        8. 1.1.1.8 Singapore

        9. 1.1.1.9 South Korea

        10. 1.1.1.10 Thailand

        11. 1.1.1.11 Rest of Asia-Pacific

      2. 1.1.2 Europe

        1. 1.1.2.1 France

        2. 1.1.2.2 Germany

        3. 1.1.2.3 Italy

        4. 1.1.2.4 Netherlands

        5. 1.1.2.5 Russia

        6. 1.1.2.6 Spain

        7. 1.1.2.7 UK

        8. 1.1.2.8 Rest of Europe

      3. 1.1.3 Middle East and Africa

        1. 1.1.3.1 Algeria

        2. 1.1.3.2 Egypt

        3. 1.1.3.3 Qatar

        4. 1.1.3.4 Saudi Arabia

        5. 1.1.3.5 South Africa

        6. 1.1.3.6 Turkey

        7. 1.1.3.7 United Arab Emirates

        8. 1.1.3.8 Rest of Middle East and Africa

      4. 1.1.4 North America

        1. 1.1.4.1 Canada

        2. 1.1.4.2 Mexico

        3. 1.1.4.3 United States

        4. 1.1.4.4 Rest of North America

      5. 1.1.5 South America

        1. 1.1.5.1 Brazil

        2. 1.1.5.2 Chile

        3. 1.1.5.3 Colombia

        4. 1.1.5.4 Rest of South America

Military Transport Aircraft Market Size FAQs

The Global Military Transport Aircraft Market size is expected to reach USD 8.08 billion in 2024 and grow at a CAGR of 0.15% to reach USD 8.15 billion by 2030.

In 2024, the Global Military Transport Aircraft Market size is expected to reach USD 8.08 billion.

Military Transport Aircraft Market Report Snapshots

Military Transport Aircraft Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

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