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Global decline of military aircraft market forecast

30th August 2013 - 11:34 GMT | by Joyce de Thouars in London

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The production of military aircraft will decline over the next decade due to shrinking defence budgets, according to projections by Forecast International.

Around 11,940 military aircraft representing a value of $480 billion are expected to be produced during the 2013-2022 period, according to the forecast released by Forecast International on 27 August. 

The company projects a peak of 1,367 units in 2014 after which it will drop to a low of 1,095 in 2018.

The rotorcraft segment is anticipated to account for 52% of the military aircraft production, representing 28% of its value. Major programmes that cover the next five

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Joyce de Thouars

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Joyce de Thouars


Joyce holds a MA degree in Middle Eastern Studies from King’s College London. Before she …

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