The global military aircraft modernization and upgrade and retrofit market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth of this market is driven by the need for modernization and upgrade of military aircrafts in order to meet the requirements of modern warfare. The demand for military aircrafts has increased due to their use in various missions such as reconnaissance, surveillance, intelligence gathering, air-to-ground attack, air-to-air combat, etc This has led to an increase in demand for new or upgraded military aircrafts which will drive the growth of this market during the forecast period.
The global military aircraft modernization and upgrade and retrofit market by type is segmented into airframe MUR (A&P MUR), avionics MUR (Avionics MUR), Military Aircraft Modernization and Upgrade and Retrofit Market by Application (Rotorcraft, Fighter Fixed Wing Trainer Military Transport Military Aircraft For Special Missions) And By Region (North America Latin America Europe Asia Pacific Middle East & Africa).
Some Of The Growth Factors Of This Market:
- The need for increased security in the wake of terrorist attacks has led to an increase in expenditure on defense budgets by various countries across the globe, which has also contributed significantly towards the growth of this market over the past few years.
- In addition, there are various other factors that are expected to drive this market over the forecast period such as technological advancements in military aircrafts, increasing number of conflicts around world leading to increased expenditure on defense budgets by various countries across globe, etc, which will be discussed later in detail below: - Technological advancements in military aircrafts: Technological advancements have led to significant improvements in performance capabilities such as speed, range and payload capacity among others; these improvements have been instrumental towards enhancing operational efficiency among militaries worldwide; hence they are expected to drive demand for modernization and upgrade services over next few years - Increasing number of conflicts around world: There has been an increase in number of conflicts around world since 1990s due mainly due terrorism-related activities; these conflicts have resulted into increased expenditure on defense budgets by various countries across globe leading towards higher demand for modernization services - Increased procurement activity: Procurement activity is another factor that is anticipated contribute significantly towards growth prospects for this market during forecast period; procurement activity refers primarily towards purchase or acquisition process undertaken by governments or armed forces with regards modernizing their existing fleet.
Industry Growth Insights published a new data on “Military Aircraft Modernization and Upgrade and Retrofit Market”. The research report is titled “Military Aircraft Modernization and Upgrade and Retrofit Market research by Types (Airframe and Powerplant (A&P) MUR, Avionics MUR, Military Aircraft Modernization and Upgrade and Retrofi), By Applications (Rotorcraft, Fighter, Fixed Wing Trainer, Military Transport, Military Aircraft For Special Missions), By Players/Companies ARINC, Thales Group, Boeing, Elbit Systems, IAI, Lockheed Martin, Rockwell Collins, Northrop Grumman, Cassidian, Lufthansa, BAE Systems, Dassault Aviation, Leonardo-Finmeccanica, Military Aircraft Modernization and Upgrade and Retrofi”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Military Aircraft Modernization and Upgrade and Retrofit Market Research Report
By Type
Airframe and Powerplant (A&P) MUR, Avionics MUR, Military Aircraft Modernization and Upgrade and Retrofi
By Application
Rotorcraft, Fighter, Fixed Wing Trainer, Military Transport, Military Aircraft For Special Missions
By Companies
ARINC, Thales Group, Boeing, Elbit Systems, IAI, Lockheed Martin, Rockwell Collins, Northrop Grumman, Cassidian, Lufthansa, BAE Systems, Dassault Aviation, Leonardo-Finmeccanica, Military Aircraft Modernization and Upgrade and Retrofi
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Military Aircraft Modernization and Upgrade and Retrofit Market Report Segments:
The global Military Aircraft Modernization and Upgrade and Retrofit market is segmented on the basis of:
Types
Airframe and Powerplant (A&P) MUR, Avionics MUR, Military Aircraft Modernization and Upgrade and Retrofi
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Rotorcraft, Fighter, Fixed Wing Trainer, Military Transport, Military Aircraft For Special Missions
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ARINC
- Thales Group
- Boeing
- Elbit Systems
- IAI
- Lockheed Martin
- Rockwell Collins
- Northrop Grumman
- Cassidian
- Lufthansa
- BAE Systems
- Dassault Aviation
- Leonardo-Finmeccanica
- Military Aircraft Modernization and Upgrade and Retrofi
Highlights of The Military Aircraft Modernization and Upgrade and Retrofit Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Airframe and Powerplant (A&P) MUR
- Avionics MUR
- Military Aircraft Modernization and Upgrade and Retrofi
- By Application:
- Rotorcraft
- Fighter
- Fixed Wing Trainer
- Military Transport
- Military Aircraft For Special Missions
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Military Aircraft Modernization and Upgrade and Retrofit Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Military aircraft modernization and upgrade is the process of upgrading or retrofitting existing military aircraft to improve their capabilities. This can include everything from new engines and avionics to upgraded weapons systems. Upgrading or retrofitting an aircraft can significantly increase its combat effectiveness, making it more capable both in terms of performance and survivability.
Some of the major companies in the military aircraft modernization and upgrade and retrofit market are ARINC, Thales Group, Boeing, Elbit Systems, IAI, Lockheed Martin, Rockwell Collins, Northrop Grumman, Cassidian, Lufthansa, BAE Systems, Dassault Aviation, Leonardo-Finmeccanica, Military Aircraft Modernization and Upgrade and Retrofi.
The military aircraft modernization and upgrade and retrofit market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Military Aircraft Modernization and Upgrade and Retrofit Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Military Aircraft Modernization and Upgrade and Retrofit Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Military Aircraft Modernization and Upgrade and Retrofit Market - Supply Chain
4.5. Global Military Aircraft Modernization and Upgrade and Retrofit Market Forecast
4.5.1. Military Aircraft Modernization and Upgrade and Retrofit Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Military Aircraft Modernization and Upgrade and Retrofit Market Size (000 Units) and Y-o-Y Growth
4.5.3. Military Aircraft Modernization and Upgrade and Retrofit Market Absolute $ Opportunity
5. Global Military Aircraft Modernization and Upgrade and Retrofit Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Military Aircraft Modernization and Upgrade and Retrofit Market Size and Volume Forecast by Type
5.3.1. Airframe and Powerplant (A&P) MUR
5.3.2. Avionics MUR
5.3.3. Military Aircraft Modernization and Upgrade and Retrofi
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Military Aircraft Modernization and Upgrade and Retrofit Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Military Aircraft Modernization and Upgrade and Retrofit Market Size and Volume Forecast by Application
6.3.1. Rotorcraft
6.3.2. Fighter
6.3.3. Fixed Wing Trainer
6.3.4. Military Transport
6.3.5. Military Aircraft For Special Missions
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Military Aircraft Modernization and Upgrade and Retrofit Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Military Aircraft Modernization and Upgrade and Retrofit Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Military Aircraft Modernization and Upgrade and Retrofit Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Military Aircraft Modernization and Upgrade and Retrofit Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Military Aircraft Modernization and Upgrade and Retrofit Demand Share Forecast, 2019-2026
9. North America Military Aircraft Modernization and Upgrade and Retrofit Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Military Aircraft Modernization and Upgrade and Retrofit Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Military Aircraft Modernization and Upgrade and Retrofit Market Size and Volume Forecast by Application
9.4.1. Rotorcraft
9.4.2. Fighter
9.4.3. Fixed Wing Trainer
9.4.4. Military Transport
9.4.5. Military Aircraft For Special Missions
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Military Aircraft Modernization and Upgrade and Retrofit Market Size and Volume Forecast by Type
9.7.1. Airframe and Powerplant (A&P) MUR
9.7.2. Avionics MUR
9.7.3. Military Aircraft Modernization and Upgrade and Retrofi
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Military Aircraft Modernization and Upgrade and Retrofit Demand Share Forecast, 2019-2026
10. Latin America Military Aircraft Modernization and Upgrade and Retrofit Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Military Aircraft Modernization and Upgrade and Retrofit Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Military Aircraft Modernization and Upgrade and Retrofit Market Size and Volume Forecast by Application
10.4.1. Rotorcraft
10.4.2. Fighter
10.4.3. Fixed Wing Trainer
10.4.4. Military Transport
10.4.5. Military Aircraft For Special Missions
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Military Aircraft Modernization and Upgrade and Retrofit Market Size and Volume Forecast by Type
10.7.1. Airframe and Powerplant (A&P) MUR
10.7.2. Avionics MUR
10.7.3. Military Aircraft Modernization and Upgrade and Retrofi
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Military Aircraft Modernization and Upgrade and Retrofit Demand Share Forecast, 2019-2026
11. Europe Military Aircraft Modernization and Upgrade and Retrofit Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Military Aircraft Modernization and Upgrade and Retrofit Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Military Aircraft Modernization and Upgrade and Retrofit Market Size and Volume Forecast by Application
11.4.1. Rotorcraft
11.4.2. Fighter
11.4.3. Fixed Wing Trainer
11.4.4. Military Transport
11.4.5. Military Aircraft For Special Missions
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Military Aircraft Modernization and Upgrade and Retrofit Market Size and Volume Forecast by Type
11.7.1. Airframe and Powerplant (A&P) MUR
11.7.2. Avionics MUR
11.7.3. Military Aircraft Modernization and Upgrade and Retrofi
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Military Aircraft Modernization and Upgrade and Retrofit Demand Share, 2019-2026
12. Asia Pacific Military Aircraft Modernization and Upgrade and Retrofit Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Military Aircraft Modernization and Upgrade and Retrofit Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Military Aircraft Modernization and Upgrade and Retrofit Market Size and Volume Forecast by Application
12.4.1. Rotorcraft
12.4.2. Fighter
12.4.3. Fixed Wing Trainer
12.4.4. Military Transport
12.4.5. Military Aircraft For Special Missions
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Military Aircraft Modernization and Upgrade and Retrofit Market Size and Volume Forecast by Type
12.7.1. Airframe and Powerplant (A&P) MUR
12.7.2. Avionics MUR
12.7.3. Military Aircraft Modernization and Upgrade and Retrofi
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Military Aircraft Modernization and Upgrade and Retrofit Demand Share, 2019-2026
13. Middle East & Africa Military Aircraft Modernization and Upgrade and Retrofit Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Military Aircraft Modernization and Upgrade and Retrofit Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Military Aircraft Modernization and Upgrade and Retrofit Market Size and Volume Forecast by Application
13.4.1. Rotorcraft
13.4.2. Fighter
13.4.3. Fixed Wing Trainer
13.4.4. Military Transport
13.4.5. Military Aircraft For Special Missions
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Military Aircraft Modernization and Upgrade and Retrofit Market Size and Volume Forecast by Type
13.7.1. Airframe and Powerplant (A&P) MUR
13.7.2. Avionics MUR
13.7.3. Military Aircraft Modernization and Upgrade and Retrofi
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Military Aircraft Modernization and Upgrade and Retrofit Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Military Aircraft Modernization and Upgrade and Retrofit Market: Market Share Analysis
14.2. Military Aircraft Modernization and Upgrade and Retrofit Distributors and Customers
14.3. Military Aircraft Modernization and Upgrade and Retrofit Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ARINC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Thales Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Boeing
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Elbit Systems
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. IAI
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lockheed Martin
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Rockwell Collins
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Northrop Grumman
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Cassidian
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Lufthansa
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. BAE Systems
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Dassault Aviation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Leonardo-Finmeccanica
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Military Aircraft Modernization and Upgrade and Retrofi
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
&
