5th Generation Fighter Aircrafts market is projected to grow at a CAGR of 21.18% from 2016 to 2025
The 5th generation fighter aircrafts market has been studied from the year 2016 to 2035. However, the CAGR provided in the report is from the year 2016 to 2025. The research methodology involved three stages: Desk research, Primary survey research, and Analysis & Output from the entire market research process. The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; market trends, market strategy, busines strategy, mapping contracts from press releases; identifying the key players in the markets, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand side analysis for the fifth generation fighter aircraft market. The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers. Finally based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company’s manufacturing 5th generation fighter aircrafts, and customer analytics.
The 5th generation fighter aircrafts are considered to be the most advanced jet fighter generation today. However, countries in Europe such as France are not procuring fifth generation fighter aircrafts as they are skipping their capability towards sixth generation fighter aircrafts. On the other hand, the market for fifth generation fighter aircrafts is matured in the U.S., and shall see a decline post 2025. However, there would be a serious incline post 2030 in the under-developed economies. The fifth generation fighter aircrafts market is projected to reach USD 36.22 billion by 2035.
The use of 5th Generation Fighter Aircrafts in Air Force category is projected to grow at a CAGR of 23.59% from 2016 to 2025.
The twin engine type 5th Generation Fighter Aircrafts Market is projected to grow at a significant CAGR during the forecast period (2016-2025)
Conventional Take-Off & Landing (CTOL) gear type Fifth Generation Fighter Aircrafts are estimated to hold the lion’s share between 2016 and 2035
Asia Pacific 5th Generation Fighter Aircrafts Market is projected to grow at CAGR of 45.50% from 2016 to 2025.
Countries such as the U.S., Russia and China are the key manufacturers of fifth generation fighter aircrafts. However, Turkey is estimated to manufacture 5th generation fighter aircrafts in the near future considering the long term contracts signed with the allies. The transfer of technology for these aircrafts is happening only amongst the allies, and no country is selling to other associates. For instance, India is procuring fifth generation fighter aircrafts from Russia and France, China is self-building its aircrafts, and the U.S. is delivering only to NATO countries. U.K. has been close allies with the U.S. so they are procuring in limited number even though Europe is gaining momentum for sixth generation fighter aircrafts. The Asia-Pacific market for the fifth generation fighter aircrafts is dominated by China and is closely followed by India.
Lockheed Martin Corporation, Sukhoi Company, Hindustan Aeronautics Limited, Mitsubishi Aircraft Corporation, Shenyang Aircraft Corporation, Turkish Aerospace Industries, Korea Aerospace Industries Ltd. among others account for the major share in Fifth Generation Fighter Aircrafts Market. Companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. The other companies profiled in the business intelligence report include: The Boeing Company, United Aircraft Corporation, and Airbus Group.
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