Asia-Pacific Fighter Aircraft Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Asia-Pacific Fighter Aircraft Market is Segmented by Take-off and Landing (Conventional Take-off and Landing, Short Take-off and Landing, Vertical Take-off and Landing), and Geography.

Market Snapshot

Asia-Pacific Fighter Aircraft market _Overview
Study Period: 2018-2027
Base Year: 2021
CAGR: >4.5 %

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Market Overview

The Asia-Pacific Fighter Aircraft Market is anticipated to register a CAGR of over 4.5% during the forecast period.

  • The geopolitical tensions and territorial disputes among the neighboring countries have led to the growth of defense spending in the Asia-Pacific region. The increasing military spending is anticipated to drive the fighter aircraft market in the region.
  • The countries' military modernization plans to replace their aging fighter aircraft with newer generation aircraft are propelling the demand for fighter aircraft in the region.
  • Various government initiatives were taken to support the indigenous manufacturing of combat aircraft in countries like China, India, and Japan, which bolstered the growth of local manufacturing of aircraft.

Scope of the Report

A fighter aircraft can be termed as a high-speed military aircraft, which can carry out air-to-air combat missions. High speed, ease in maneuvering, and relatively smaller size are considered the fighter aircraft's hallmarks. These aircraft can also carry heavy payloads and perform electronic warfare, ground attacks, and air-to-air combat. The report also covers the increasing adoption of fighter aircraft in the Asia-Pacific region. It analyzes the conventional take-off and landing, short take-off and landing, and vertical take-off and landing segments.

Take-off and Landing
Conventional Take-off and Landing
Short Take-off and Landing
Vertical Take-off and Landing
South Korea
Rest of Asia-Pacific

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Key Market Trends

The Conventional Take-off and Landing is Projected to Grow with the Highest CAGR During Forecast Period

Currently, conventional take-off and landing have the highest share of all the segments. Conventional take-off and landing refer to a method in which an aircraft accelerates along the ground until they have enough power for take-off. Most of the fighter aircraft currently manufactured are based on a conventional take-off and landing configuration. Also, fighter aircraft procurement is to strengthen the air superiority and modernize their military equipment by replacing the existing fleet with newer generation aircraft with no additional pilot training is generating demand for conventional fighter aircraft. F-35A is one of the prominent conventional take-off and landing aircraft currently in service of countries of Asia-Pacific. As of January 2020, more than 100 aircraft on order from countries like Japan, Australia, and South Korea were scheduled to be delivered in the coming years. In addition to the procurements, new aircraft models' development is anticipated to propel the segment's growth further. For instance, HAL, the state-owned defense aircraft manufacturer of India, is developing a fifth-generation stealth fighter aircraft under the Advanced Medium Combat Aircraft (AMCA) program. The aircraft is expected to complete its first flight is expected in 2025.

Asia-Pacific Fighter Aircraft Market_Take-off and Landing

China has the Highest Market Share in 2019

With the country's increasing military expenditure, China is currently modernizing its military equipment with investments into advanced technologies to strengthen its armed forces. China's government announced a defense budget of CNY 1.19 trillion (USD 177.61 billion) in March 2019, with an increase of 7.5% compared to the previous year. The increased budget strengthens its air, land, and sea capabilities amid the country's soaring tensions with the US and other neighboring countries. About one-third of the country’s fleet of combat aircraft (Air Force as well navy) consists of old second-generation fighters. As of January 2020, more than 45 J-15 fighter aircraft were on order for the People's Liberation Army Navy. Also, the country has been developing new aircraft to strengthen its air capabilities further. The country is currently developing a new stealth fighter aircraft with advanced composite materials and low-observable characteristics. The Aviation Industry Corporation of China (AVIC) is developing its new aircraft. Similarly, the country inducted the fifth-generation aircraft, J-20 aircraft (deployed to counter F-22s and F-35s in the Asia-Pacific region) in 2017. Currently, air forces are procuring these aircraft to replace the Su-30MKK in service. The country's modernization plans and investments into advanced fighter aircraft are anticipated to propel the country's growth during the forecast period.

Asia-Pacific Fighter Aircraft Market_Geography

Competitive Landscape

The prominent players in the Asia-Pacific Fighter Aircraft Market are The Boeing Company, Airbus SE, Aviation Industry Corporation of China (AVIC), Lockheed Martin Corporation, and Hindustan Aeronautics Limited (HAL). The government initiatives support indigenous manufacturing of combat aircraft in countries like China, India, and Japan, among others. HAL is the state-owned manufacturer of India, AVIC is the state-owned manufacturer of China and Mitsubishi is the major local manufacturer in Japan. United Aircraft Company and Lockheed Martin Corporation are two major international players in the region with a significant presence in the region, with new aircraft deliveries scheduled in the region during the forecast period. The introduction of new aircraft models and upgrading the technologies in the existing fleet of aircraft are anticipated to support the company's long-term growth strategies to expand in this region.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry


    1. 5.1 Take-off and Landing

      1. 5.1.1 Conventional Take-off and Landing

      2. 5.1.2 Short Take-off and Landing

      3. 5.1.3 Vertical Take-off and Landing

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. India

        2. China

        3. Japan

        4. Australia

        5. South Korea

        6. Rest of Asia-Pacific


    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 The Boeing Company

      2. 6.2.2 Airbus SE

      3. 6.2.3 Lockheed Martin Corporation

      4. 6.2.4 Aviation Industry Corporation of China (AVIC)

      5. 6.2.5 Hindustan Aeronautics Limited

      6. 6.2.6 Saab AB

      7. 6.2.7 BAE Systems plc

      8. 6.2.8 Kawasaki Heavy Industries Ltd

      9. 6.2.9 Dassault Aviation

      10. 6.2.10 United Aircraft Corporation


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Frequently Asked Questions

The Asia-Pacific Fighter Aircraft Market market is studied from 2018 - 2026.

The Asia-Pacific Fighter Aircraft Market is growing at a CAGR of >4.5% over the next 5 years.

The Boeing Company, Lockheed Martin Corporation, Airbus SE, Aviation Industry Corporation of China (AVIC), Hindustan Aeronautics Limited are the major companies operating in Asia-Pacific Fighter Aircraft Market.

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