Global Military Aircraft Modernization and Retrofit Market

Global Military Aircraft Modernization and Retrofit Market Overview

• The Global Military Aircraft Modernization and Retrofit Market Size is Expected to Grow from USD 60.55 Billion in 2023 to USD 83.89 Billion by 2033, at a CAGR of 3.31% during the forecast period 2023-2033.
• Defense budgets and geopolitical concerns are driving growth in the worldwide military aircraft market. Using cutting-edge avionics, precision weapons, and communication systems, nations are improving the operating efficiency of aged fleets.
• Retrofitting is now affordable because to technological improvements, which appeals to governments looking to maximize their budgets.
• The need for retrofits is also fueled by military operations' transition to multi-role platforms and cybersecurity.
• Legacy aircraft, like the Typhoon fighter jet from BAE Systems, have sophisticated avionics, radar, cockpit systems, and weapons.

Major vendors in the Global Military Aircraft Modernization And Retrofit Market 

BAE Systems Plc, Elbit Systems Ltd., Honeywell International Inc., Israel Aerospace Industries Ltd., L3Harris Technologies Inc., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Safran SA, Thales Group, The Boeing Company, and others.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Decisions Advisors has segmented the military aircraft modernization and retrofit market based on the below-mentioned segments:

Global Military Aircraft Modernization and Retrofit Market, By Aircraft Type

• Fixed Wing Aircraft
• Rotary Wing Aircraft

Global Military Aircraft Modernization and Retrofit Market, By System Type

• Navigation Systems
• Weapon Systems
• Headup Displays
• Optronic Equipment
• Fire Control Radars
• Defensive Systems
• Others

Global Military Aircraft Modernization and Retrofit Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa