$700 billion to be spent on military fixed-wing aircraft over next decade
The fixed-wing military aircraft market will be worth nearly $700 billion over the next ten years, according to a soon to be released analysis by Defence Insight.
Fighter aircraft make up the largest segment, worth $452 billion. This is dominated by Lockheed Martin, who’s F-35 alone is forecast to account for around almost half of the total global spending on multi-role and naval fighters.
This is followed by large transport aircraft and air-to-air tankers, worth $111 billion. Dedicated bombers make up the third largest category at over $40 billion. The trainer and light attack aircraft segment is expected
Our news & analysis is now part of Defence Insight®
A Basic-level or higher Defence Insight subscription is now required to view this content.
More from The best of Defence Insight
-
![Defence Insight: Year in Review (Video)]()
Defence Insight: Year in Review (Video)
In 2019, Defence Insight has been improving its database improving existing content and upgrading the export functionality. In the Sea domain, we expanded the scope …
-
![Defence Insight: Expansion and analysis]()
Defence Insight: Expansion and analysis
It has been a busy year for the Defence Insight team. We have done a lot of work in the engine room of the database, …
-
![Defence Insight: Year in review (Naval)]()
Defence Insight: Year in review (Naval)
The year has been an eventful one, with multiple major contracts announced and new generations of vessels entering service. The US Navy continued its drive towards …
-
![Defence Insight: Year in review (Land)]()
Defence Insight: Year in review (Land)
The past 12 months have proven to be a particularly eventful year for the armoured vehicle market, with several major contracts finalised, decisions announced and …
-
![Defence Insight: Future market forecast (Air)]()
Defence Insight: Future market forecast (Air)
The military fixed-wing sector was dominated by aircraft in 2019 with F-35, next-generation fighter aircraft and AWACs awards hitting the headlines.Lockheed Martin’s F-35 is the …
-
![Defence Insight: Air year in review (video)]()
Defence Insight: Air year in review (video)
Market shifts across the air domain saw a shake up for the F-35 programme as the US moved to cut Turkey from the fighter project, …
