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Military Aircraft Market to Grow at 9.6% CAGR

October 21, 2026

2 min read

Key Takeaways

Military aircraft market size to reach $492.51 billion by 2030.
9.6% CAGR expected from 2026 to 2030.
Defense modernization programs drive market growth.
Asia-Pacific region to experience fastest growth.

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Strategic Implications

The growth of the military aircraft market may indicate increased global defense spending, which could benefit aerospace manufacturers. The focus on defense modernization programs suggests a shift in priorities towards advanced technologies, which could drive innovation in the sector.

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What Happened

Global Aerospace Manufacturing Expansion Driven by Defense Spending

The military aircraft and aerospace manufacturing market is expected to grow at a compound annual growth rate of 9.6% from 2026 to 2030, reaching $492.51 billion. This growth is driven by defense modernization programs, increased demand for next-generation fighter jets, and rising investments in advanced military avionics. The Asia-Pacific region is expected to experience the fastest growth during this period. According to The Business Research Company, the market size has shown robust growth over recent years, with a CAGR of 9.7% from 2025 to 2026.

Source | Originally Published: October 21, 2026

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