Market Size of us military aviation Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 21.15 Billion |
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Market Size (2030) | USD 31.34 Billion |
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Largest Share by Sub Aircraft Type | Fixed-Wing Aircraft |
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CAGR (2024 - 2030) | 6.77 % |
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Fastest Growing by Sub Aircraft Type | Fixed-Wing Aircraft |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
US Military Aviation Market Analysis
The US Military Aviation Market size is estimated at 21.15 billion USD in 2024, and is expected to reach 31.34 billion USD by 2030, growing at a CAGR of 6.77% during the forecast period (2024-2030).
21.2 B
Market Size in 2024 (USD)
31.3 B
Market Size in 2030 (USD)
1695
Total Deliveries in the Historic Period (2017-2023)
2070
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Sub-Aircraft Type
83.23 %
value share, Fixed-Wing Aircraft, 2023
The country's focus on maintaining military supremacy and enhancing its combat capabilities by procuring advanced combat aircraft is driving the market's growth.
Fastest-growing Market by Sub-Aircraft Type
6.88 %
Projected CAGR, Fixed-Wing Aircraft, 2024-2030
Ongoing geopolitical tensions and conflicts worldwide are leading the country to procure advanced multi-role aircraft to enhance its combat superiority.
Largest Market by Body Type
51.91 %
value share, Multi-Role Aircraft, 2023
The ability to perform ground strikes, air superiority, suppression of enemy air defenses, and electronic warfare missions are driving the procurement of advanced multi-role aircraft.
Leading Market Player
56.96 %
market share, Lockheed Martin Corporation, 2022
The company's ability to provide its most advanced fighter jets with superior lethality, connectivity, and survivability enables it to capture a major market share.
Second Leading Market Player
24.51 %
market share, The Boeing Company, 2022
The wide range of military aircraft and helicopters offered by the company is responsible for its market penetration, making it the second-largest market player.
Rising defense budgets and huge aircraft procurement are driving the market
- Competition in technology between China and the United States is accelerating as both countries are increasingly focused on the R&D of emerging technologies to prepare for future warfare. In 2022, the United States accounted for 39% of global defense military spending, which increased by USD 877 billion in 2022, or 0.7%. The total includes military assistance to Ukraine, estimated at USD 19.9 billion. In 2022, the country released the Department of the Air Force budget, which outlined the budget request for FY 2023 at approximately USD 194.0 billion.
- A significant portion of the defense budget is allocated for F-35 jets, B-21 Raider bombers, KC-46A Pegasus tankers, and other helicopters. Some of these new aircraft will replace the existing fleet that has been operational for over 50 years. In 2022, the Air Force planned to cut down the total fleet of C-130 aircraft and upgrade about 92 C-130 aircraft. The US Air Force plans to retire the older models for the new C-130J aircraft fleet. By the end of 2022, the United States received 47 F-35s, with outstanding deliveries for 1,943 aircraft expected during the forecast period.
- Several ongoing and future procurement programs of the country are expected to drive its military helicopter market during 2023-2029. In March 2023, Boeing announced that the US Army had awarded a contract to build new AH-64E Apache Guardian attack helicopters under a USD 1.95 billion four-year order. In September 2018, the US Air Force (USAF) selected the MH-139 to replace its fleet of UH-1N Huey helicopters. As of December 2022, nine helicopters were delivered, with the rest of the deliveries expected during the forecast period. During the forecast period, a total of 2,330 aircraft are expected to be procured by the country.
Understand The Key Trends Shaping This Market
