Market Size of Asia-Pacific Fighter Aircraft Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Fighter Aircraft Market Analysis
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.
