Market Size of north america military aviation Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2030 |
|
Market Size (2024) | USD 22.35 Billion |
|
|
Market Size (2030) | USD 32.78 Billion |
|
Largest Share by Sub Aircraft Type | Fixed-Wing Aircraft |
|
|
CAGR (2024 - 2030) | 6.59 % |
|
Largest Share by Country | United States |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
North America Military Aviation Market Analysis
The North America Military Aviation Market size is estimated at 22.35 billion USD in 2024, and is expected to reach 32.78 billion USD by 2030, growing at a CAGR of 6.59% during the forecast period (2024-2030).
22.4 B
Market Size in 2024 (USD)
32.8 B
Market Size in 2030 (USD)
1810
Total Deliveries in the Historic Period (2017-2023)
2206
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Sub-Aircraft Type
82.91 %
value share, Fixed-Wing Aircraft, 2023
There is an increased need to maintain military supremacy and enhance combat capabilities by procuring advanced combat aircraft across all the countries in the region.
Fastest-growing Market by Sub-Aircraft Type
6.77 %
Projected CAGR, Fixed-Wing Aircraft, 2024-2030
Ongoing geopolitical tensions and conflicts worldwide are leading to the procurement of more advanced multirole aircraft to enhance the combat superiority of the countries in the region.
Largest Market by Body Type
51.42 %
value share, Multi-Role Aircraft, 2023
Countries in the region are opting for multirole aircraft to perform ground strikes, air superiority, and suppress the enemy air defenses.
Largest Market by Country
99.05 %
value share, United States, 2023
The country's focus on procuring more advanced aircraft to maintain its military supremacy supports the growth of the region's military helicopter market.
Leading Market Player
57.75 %
market share, Lockheed Martin Corporation, 2022
Lockheed Martin provides a wide range of high-performance combat and ISR aircraft. Its vast geographical presence enables it to be a leading player.
Geopolitical conflicts, ongoing procurements, and plans of modernization are the driving factors in procuring military aircraft and rotorcraft
- The North American military aviation market is segmented by aircraft type into fixed-wing and rotorcraft. Geopolitical conflicts, the rising threat of terrorism and war, and the modernization plans to replace the aging military aircraft played a major role in the procurement of next-generation military aircraft. In 2022, the region's defense expenditure totaled USD 912 billion. North America's military expenditure was largely accounted for by the United States, with 96%, followed by Canada and Mexico, with 3% and 1%, respectively.
- In terms of active fleet size, North America holds 25% of the total fixed-wing in the world. In 2022, out of the total aircraft deliveries around 56% were fixed-wing aircraft. Among the fixed-wing aircraft around 63% of the total aircraft were multirole aircraft, followed by 20% of transport aircraft and 17% of other fixed-wing aircraft. As of 2022, in terms of active fleet size, North America held approximately 29% of the total rotorcraft worldwide.
- With the ongoing procurements and plans of modernization, the US will continue to lead the market and generate significant demand for new aircraft. The US will also focus on new aircraft programs through R&D for future warfare during the forecast period. During 2023-2030, around 2,330 fixed-wing aircraft are expected to be delivered. In 2023, the US planned to purchase 119 rotorcraft, including the CH-47 Chinook, the UH-60 Black Hawk, the CH-53K, and the AH-1Z. In addition, the Mexican government ordered 11 helicopters (four H225M and seven UH-60M) for the Mexican Air Force. Overall, a total of 2,476 aircraft are expected to be procured during the forecast period.
Understand The Key Trends Shaping This Market
Download Sample
Ongoing procurements and modernization plans are expected to boost the regional market
- Countries in North America, particularly the United States, have been among the first to develop advanced helicopters to counter geopolitical conflicts. Nearly 94% of the military expenditures in the region come from North America. In 2022, the region's defense expenditure totaled USD 912 billion. North America's military expenditures were largely accounted for by the United States (96%), followed by Canada and Mexico, with 3% and 1%, respectively.
- The increased military budgets of various countries in the region may facilitate the expansion of military rotorcraft procurement in the future. In 2023, the United States planned to purchase 119 rotorcraft, including the CH-47 Chinook, the UH-60 Black Hawk, the CH-53K, and the AH-1Z. The Mexican government ordered 11 helicopters (four H225M and seven UH-60M) for the Mexican Air Force.
- North American countries, especially the United States, play a crucial role in global security and power projection. Maintaining a strong military aviation fleet is essential for projecting force and safeguarding national interests abroad. The ability to deploy fighter jets, bombers, and aerial refueling tankers quickly and efficiently enables these countries to respond to emerging threats and participate in international operations effectively. For instance, according to the US military, the F-35 purchase plan for FY 2024 is to purchase 83 aircraft, i.e., 48 for the Air Force, 19 for the Navy, and 16 for the Marine Corps. Over the next five years, 113 KC-46A, 100 B-21, 12 P-8A, 5 E-11A, and 17 MC-130J are expected to be delivered. With the ongoing procurements and modernization plans, the United States may continue to lead the market. During the forecast period, a total of 2,476 aircraft are expected to be procured by the country.
