This report was recently updated on April 25 2024 with the latest and most recent
market numbers
Global Military Aircraft Modernization and Retrofit Market Size, Trends & Analysis - Forecasts to 2028 By Aircraft Type (Fixed-wing and Rotary-wing), By System Type (Navigation, Weapon, Defensive, Optronic, and Others), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis
The global military aircraft modernization and retrofit market is expected to grow at a CAGR of 5.5% from 2023 to 2028. Military aircraft modernization and retrofit are essential processes to enhance their capabilities and combat capabilities. These include electronic system upgrades, weapon system enhancements, engine upgrades, structural modifications, stealth capabilities, data link integration, cockpit upgrades, defensive systems, and sustainability and logistics support. These activities attempt to increase operational longevity, improve combat capabilities, and maintain effectiveness in the face of new threats and technological advances. The goal is to ensure that military aircraft remain relevant, capable of addressing contemporary security challenges, and extend their service lives. By implementing these improvements, military aircraft can stay effective and relevant in the modern warfare landscape.
Several market drivers affect the growth of the military aircraft modernization and retrofit market positively. Many nations operate aging military aircraft, especially those procured during the Cold War era. As these aircraft approach the end of their service lives, they require upgrades and modernization to remain operationally effective and compatible with contemporary warfare requirements. Ongoing advancements in avionics, sensor technology, materials science, and weaponry constantly push the boundaries of military aircraft capabilities. Upgrading existing aircraft with these advanced technologies can significantly enhance their performance, survivability, and mission effectiveness. Procuring and fielding new military aircraft can be a costly endeavour for many nations. Modernization and retrofitting present a more cost-effective approach, allowing governments to extend the service life of existing aircraft and enhance their capabilities within constrained defence budgets.
Despite its immense potential, the global military aircraft modernization and retrofit market faces several notable constraints. Despite the need for modernization, limited defence budgets in many countries can hinder the widespread adoption of aircraft modernization and retrofit programs. Prioritizing funds for other defense initiatives and competing requirements may limit the resources available for comprehensive modernization efforts. Incorporating advanced technologies into existing aircraft platforms can be technically complex and challenging. Integration issues, interoperability concerns, and the need to ensure seamless performance can present obstacles during the modernization process, potentially leading to delays and cost overruns.
Based on aircraft type, the market is segmented into fixed-wing and rotary-wing. The fixed-wing segment is expected to dominate the market during the forecast period due to its diverse applications, including strategic and tactical missions, long-range operations, and aerial combat. Fixed-wing aircraft offer higher payload capacities, longer endurance, and greater speed than their rotary-wing counterparts. They serve various roles, such as air superiority, surveillance, reconnaissance, and ground attack, making them crucial assets for defense forces worldwide and, consequently, driving a substantial demand for modernization and retrofitting services.
The rotary-wing segment is expected to be the fastest-growing segment in the global military aircraft modernization and retrofit market. Their versatility in various missions, including troop transport, search and rescue, and combat support, drives the need for constant modernization. With evolving threats and advancements in technology, there is an increasing demand for upgraded avionics, communication systems, and mission-specific equipment to enhance operational capabilities and ensure the effectiveness of rotary-wing aircraft in complex and dynamic battlefield environments.
On the basis of system type, the market is segmented into navigation, weapon, defensive, optronic, and others. The navigation segment is expected to be the largest segment during the forecast period due to its critical role in enhancing operational efficiency and mission effectiveness. Upgrading navigation systems with advanced technologies such as GPS, inertial navigation, and terrain following systems enables precise target acquisition, accurate positioning, and improved situational awareness. These systems facilitate better navigation in challenging environments, enhancing overall mission success rates and ensuring the safety and effectiveness of military operations.
The weapon segment is expected to be the fastest-growing segment in the global military aircraft modernization and retrofit market over the forecast period. With evolving security threats, integrating advanced and precision-guided weapons ensures improved firepower and mission effectiveness. Nations are investing in upgrading and retrofitting their aircraft with cutting-edge weapon systems to maintain a strategic advantage and effectively counter modern threats, thus driving the rapid growth of this segment.
North America is analysed to be the region with the largest share in the global military aircraft modernization and retrofit market during the forecast period. The region boasts a substantial inventory of aging military aircraft that require upgrades to maintain operational effectiveness. Additionally, the United States, with its significant defence budget, leads in military modernization efforts. High defence spending, technological advancements, and a robust aerospace and defence industry in North America further contribute to its dominance. The region's geopolitical influence and strategic military alliances also drive demand for modernization services, making it the largest market segment in this industry.
Asia Pacific is projected to be the fastest-growing region across the global military aircraft modernization and retrofit market over the forecast period. The region's escalating geopolitical tensions, increasing defence budgets, and the modernization initiatives undertaken by countries such as China, India, and South Korea drive the demand for upgrading existing military aircraft. Additionally, the growing threat perceptions, emphasis on indigenous defence capabilities, and the rise of regional security challenges contribute to the rapid expansion of the market in the APAC region.
Key players operating in the global military aircraft modernization and retrofit market include BAE Systems, Elbit Systems, Honeywell International, L3Harris Technologies, Leonardo S.p.A., Lockheed Martin, Northrop Grumman, Safran SA, Thales Group, and The Boeing Company, among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In June 2023, Dassault Aviation was retrofitted for the Block 4.2 standard by French procurement agency DGA, following the F4.1 standard qualification announcement in March 2023. The upgrade was granted to Dassault Aviation in 2019 under a USD 2.04 billion development contract.
In March 2022, Lockheed Martin's Aeronautics business secured a modification contract worth USD 33.6 million from the Air Force Life Cycle Management Center for F-16 retrofits, including Kapton replacement harness installation, one-time inspections, and aircraft mod line extension for 140 Taiwan F-16A/B aircraft.
1 STRATEGIC INSIGHTS ON NEW REVENUE POCKETS
1.1 Strategic Opportunity & Attractiveness Analysis
1.1.1 Hot Revenue Pockets
1.1.2 Market Attractiveness Score
1.1.3 Revenue Impacting Opportunity
1.1.4 High Growing Region/Country
1.1.5 Competitor Analysis
1.1.6 Consumer Analysis
1.2 Global Market Estimates' View
1.3 Strategic Insights across Business Functions
1.3.1 For Chief Executive Officers
1.3.2 For Chief Marketing Officers
1.3.3 For Chief Strategy Officers
1.4 Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into
2 TECHNOLOGICAL TRENDS
2.1 Technological Adoption Rate
2.2 Current Trend Impact Analysis
2.3 Future Trend Impact Analysis
3 GLOBAL MARKET OUTLOOK
3.1 Market Pyramid Analysis
3.1.1 Introduction
3.1.2 Adjacent Market Opportunities
3.1.3 Ancillary Market Opportunities
3.2 Demand Side Analysis
3.2.1 Market Drivers: Impact Analysis
3.2.2 Market Restraints: Impact Analysis
3.2.3 Market OpportunIties: Impact Analysis
3.2.4 Market Challenges: Impact Analysis
3.3 Supply Side Analysis
3.3.1 Porter’s Five Forces Analysis
3.3.1.1 Threat of New Entrants
3.3.1.2 Threat of New Substitutes
3.3.1.3 Bargaining Power of Suppliers
3.3.1.4 Bargaining Power of Buyers
3.3.1.5 Intensity of Competitive Rivalry
3.3.2 SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)
3.3.2.1 Political Landscape
3.3.2.2 Economic Landscape
3.3.2.3 Social Landscape
3.3.2.4 Technology Landscape
3.3.3 Value Chain Analysis
3.3.4 Trend Analysis
3.3.5 Gap Analysis
3.3.6 Cost Analysis
4 GLOBAL MILITARY AIRCRAFT MODERNIZATION AND RETROFIT MARKET, BY AIRCRAFT TYPE
4.1 Introduction
4.2 Global Military Aircraft Modernization and Retrofit Market: Aircraft Type Scope Key Takeaways
4.3 Revenue Growth Analysis, 2022 & 2028
4.4 Fixed-wing
4.4.1 Fixed-wing Market Estimates and Forecast, 2020-2028 (USD Billion)
4.5 Rotary-wing
4.5.1 Rotary-wing Market Estimates and Forecast, 2020-2028 (USD Billion)
5 GLOBAL MILITARY AIRCRAFT MODERNIZATION AND RETROFIT MARKET, BY SYSTEM TYPE
5.1 Introduction
5.2 Global Military Aircraft Modernization and Retrofit Market: System Type Scope Key Takeaways
5.3 Revenue Growth Analysis, 2022 & 2028
5.4 Navigation
5.4.1 Navigation Market Estimates And Forecast, 2020-2028 (USD Billion)
5.5 Weapon
5.5.1 Weapon Market Estimates And Forecast, 2020-2028 (USD Billion)
5.6 Defensive
5.6.1 Defensive Market Estimates And Forecast, 2020-2028 (USD Billion)
5.7 Optronic
5.7.1 Optronic Market Estimates And Forecast, 2020-2028 (USD Billion)
5.8 Other Systems
5.8.1 Other Systems Market Estimates And Forecast, 2020-2028 (USD Billion)
6 GLOBAL MILITARY AIRCRAFT MODERNIZATION AND RETROFIT MARKET, BY REGION
6.1 Introduction
6.2 North America Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.2.1 By Aircraft Type
6.2.2 By System Type
6.2.3 By Country
6.2.3.1 U.S. Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.2.3.1.1 By Aircraft Type
6.2.3.1.2 By System Type
6.2.3.2 Canada Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.2.3.2.1 By Aircraft Type
6.2.3.2.2 By System Type
6.2.3.3 Mexico Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.2.3.3.1 By Aircraft Type
6.2.3.3.2 By System Type
6.3 Europe Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.3.1 By Aircraft Type
6.3.2 By System Type
6.3.3 By Country
6.3.3.1 Germany Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.3.3.1.1 By Aircraft Type
6.3.3.1.2 By System Type
6.3.3.2 U.K. Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.3.3.2.1 By Aircraft Type
6.3.3.2.2 By System Type
6.3.3.3 France Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.3.3.3.1 By Aircraft Type
6.3.3.3.2 By System Type
6.3.3.4 Italy Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.3.3.4.1 By Aircraft Type
6.3.3.4.2 By System Type
6.3.3.5 Spain Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.3.3.5.1 By Aircraft Type
6.3.3.5.2 By System Type
6.3.3.6 Netherlands Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.3.3.6.1 By Aircraft Type
6.3.3.6.2 By System Type
6.3.3.7 Rest of Europe Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.3.3.6.1 By Aircraft Type
6.3.3.6.2 By System Type
6.4 Asia Pacific Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.4.1 By Aircraft Type
6.4.2 By System Type
6.4.3 By Country
6.4.3.1 China Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.4.3.1.1 By Aircraft Type
6.4.3.1.2 By System Type
6.4.3.2 Japan Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.4.3.2.1 By Aircraft Type
6.4.3.2.2 By System Type
6.4.3.3 India Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.4.3.3.1 By Aircraft Type
6.4.3.3.2 By System Type
6.4.3.4 South Korea Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.4.3.4.1 By Aircraft Type
6.4.3.4.2 By System Type
6.4.3.5 Singapore Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.4.3.5.1 By Aircraft Type
6.4.3.5.2 By System Type
6.4.3.6 Malaysia Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.4.3.6.1 By Aircraft Type
6.4.3.6.2 By System Type
6.4.3.7 Thailand Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.4.3.6.1 By Aircraft Type
6.4.3.6.2 By System Type
6.4.3.8 Indonesia Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.4.3.7.1 By Aircraft Type
6.4.3.7.2 By System Type
6.4.3.9 Vietnam Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.4.3.8.1 By Aircraft Type
6.4.3.8.2 By System Type
6.4.3.10 Taiwan Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.4.3.10.1 By Aircraft Type
6.4.3.10.2 By System Type
6.4.3.11 Rest of Asia Pacific Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.4.3.11.1 By Aircraft Type
6.4.3.11.2 By System Type
6.5 Middle East and Africa Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.5.1 By Aircraft Type
6.5.2 By System Type
6.5.3 By Country
6.5.3.1 Saudi Arabia Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.5.3.1.1 By Aircraft Type
6.5.3.1.2 By System Type
6.5.3.2 U.A.E. Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.5.3.2.1 By Aircraft Type
6.5.3.2.2 By System Type
6.5.3.3 Israel Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.5.3.3.1 By Aircraft Type
6.5.3.3.2 By System Type
6.5.3.4 South Africa Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.5.3.4.1 By Aircraft Type
6.5.3.4.2 By System Type
6.5.3.5 Rest of Middle East and Africa Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.5.3.5.1 By Aircraft Type
6.5.3.5.2 By System Type
6.6 Central and South America Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.6.1 By Aircraft Type
6.6.2 By System Type
6.6.3 By Country
6.6.3.1 Brazil Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.6.3.1.1 By Aircraft Type
6.6.3.1.2 By System Type
6.6.3.2 Argentina Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.6.3.2.1 By Aircraft Type
6.6.3.2.2 By System Type
6.6.3.3 Chile Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.6.3.3.1 By Aircraft Type
6.6.3.3.2 By System Type
6.6.3.3 Rest of Central and South America Military Aircraft Modernization and Retrofit Market Estimates and Forecast, 2020-2028 (USD Billion)
6.6.3.3.1 By Aircraft Type
6.6.3.3.2 By System Type
7 COMPETITIVE LANDCAPE
7.1 Company Market Share Analysis
7.2 Four Quadrant Positioning Matrix
7.2.1 Market Leaders
7.2.2 Market Visionaries
7.2.3 Market Challengers
7.2.4 Niche Market Players
7.3 Vendor Landscape
7.3.1 North America
7.3.2 Europe
7.3.3 Asia Pacific
7.3.4 Rest of the World
7.4 Company Profiles
7.4.1 BAE Systems
7.4.1.1 Business Description & Financial Analysis
7.4.1.2 SWOT Analysis
7.4.1.3 Products & Services Offered
7.4.1.4 Strategic Alliances between Business Partners
7.4.2 Elbit Systems
7.4.2.1 Business Description & Financial Analysis
7.4.2.2 SWOT Analysis
7.4.2.3 Products & Services Offered
7.4.2.4 Strategic Alliances between Business Partners
7.4.3 Honeywell International Inc.
7.4.3.1 Business Description & Financial Analysis
7.4.3.2 SWOT Analysis
7.4.3.3 Products & Services Offered
7.4.3.4 Strategic Alliances between Business Partners
7.4.4 Leonardo S.p.A
7.4.4.1 Business Description & Financial Analysis
7.4.4.2 SWOT Analysis
7.4.4.3 Products & Services Offered
7.4.4.4 Strategic Alliances between Business Partners
7.4.5 L3Harris Technologies
7.4.5.1 Business Description & Financial Analysis
7.4.5.2 SWOT Analysis
7.4.5.3 Products & Services Offered
7.4.5.4 Strategic Alliances between Business Partners
7.4.6 Lockheed Martin
7.4.6.1 Business Description & Financial Analysis
7.4.6.2 SWOT Analysis
7.4.6.3 Products & Services Offered
7.4.6.4 Strategic Alliances between Business Partners
7.4.7 Northrop Grumman
7.4.7.1 Business Description & Financial Analysis
7.4.7.2 SWOT Analysis
7.4.7.3 Products & Services Offered
7.4.7.4 Strategic Alliances between Business Partners
7.4.8 Safran SA
7.4.8.1 Business Description & Financial Analysis
7.4.8.2 SWOT Analysis
7.4.8.3 Products & Services Offered
7.4.8.4 Strategic Alliances between Business Partners
7.4.9 Thales Group
7.4.9.1 Business Description & Financial Analysis
7.4.9.2 SWOT Analysis
7.4.9.3 Products & Services Offered
7.4.9.4 Strategic Alliances between Business Partners
7.4.10 Boeing
7.4.10.1 Business Description & Financial Analysis
7.4.10.2 SWOT Analysis
7.4.10.3 Products & Services Offered
7.4.10.4 Strategic Alliances between Business Partners
7.4.11 Other Companies
7.4.11.1 Business Description & Financial Analysis
7.4.11.2 SWOT Analysis
7.4.11.3 Products & Services Offered
7.4.11.4 Strategic Alliances between Business Partners
8 RESEARCH METHODOLOGY
8.1 Market Introduction
8.1.1 Market Definition
8.1.2 Market Scope & Segmentation
8.2 Information Procurement
8.2.1 Secondary Research
8.2.1.1 Purchased Databases
8.2.1.2 GMEs Internal Data Repository
8.2.1.3 Secondary Resources & Third Party Perspectives
8.2.1.4 Company Information Sources
8.2.2 Primary Research
8.2.2.1 Various Types of Respondents for Primary Interviews
8.2.2.2 Number of Interviews Conducted throughout the Research Process
8.2.2.3 Primary Stakeholders
8.2.2.4 Discussion Guide for Primary Participants
8.2.3 Expert Panels
8.2.3.1 Expert Panels Across 30+ Industry
8.2.4 Paid Local Experts
8.2.4.1 Paid Local Experts Across 30+ Industry Across each Region
8.3 Market Estimation
8.3.1 Top-Down Approach
8.3.1.1 Macro-Economic Indicators Considered
8.3.1.2 Micro-Economic Indicators Considered
8.3.2 Bottom Up Approach
8.3.2.1 Company Share Analysis Approach
8.3.2.2 Estimation of Potential Product Sales
8.4 Data Triangulation
8.4.1 Data Collection
8.4.2 Time Series, Cross Sectional & Panel Data Analysis
8.4.3 Cluster Analysis
8.5 Analysis and Output
8.5.1 Inhouse AI Based Real Time Analytics Tool
8.5.2 Output From Desk & Primary Research
8.6 Research Assumptions & Limitations
8.6.1 Research Assumptions
8.6.2 Research Limitations
LIST OF TABLES
1 Global Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
2 Fixed-wing Market, By Region, 2020-2028 (USD Billion)
3 Rotary-wing Market, By Region, 2020-2028 (USD Billion)
4 Global Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
5 Navigation Market, By Region, 2020-2028 (USD Billion)
6 Weapon Market, By Region, 2020-2028 (USD Billion)
7 Defensive Market, By Region, 2020-2028 (USD Billion)
8 Optronic Market, By Region, 2020-2028 (USD Billion)
9 Other Systems Market, By Region, 2020-2028 (USD Billion)
10 Regional Analysis, 2020-2028 (USD Billion)
11 North America Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
12 North America Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
13 U.S. Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
14 U.S. Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
15 Canada Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
16 Canada Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
17 Mexico Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
18 Mexico Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
19 Europe Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
20 Europe Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
21 Germany Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
22 Germany Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
23 U.K. Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
24 U.K. Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
25 France Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
26 France Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
27 Italy Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
28 Italy Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
29 Spain Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
30 Spain Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
31 Netherlands Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
32 Netherlands Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
33 Rest Of Europe Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
34 Rest Of Europe Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
35 Asia Pacific Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
36 Asia Pacific Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
37 China Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
38 China Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
39 Japan Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
40 Japan Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
41 India Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
42 India Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
43 South Korea Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
44 South Korea Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
45 Singapore Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
46 Singapore Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
47 Thailand Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
48 Thailand Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
49 Malaysia Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
50 Malaysia Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
51 Indonesia Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
52 Indonesia Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
53 Vietnam Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
54 Vietnam Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
55 Taiwan Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
56 Taiwan Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
57 Rest of APAC Global Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
58 Rest of APAC Global Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
59 Middle East and Africa Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
60 Middle East and Africa Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
61 Saudi Arabia Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
62 Saudi Arabia Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
63 UAE Global Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
64 UAE Global Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
65 Israel Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
66 Israel Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
67 South Africa Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
68 South Africa Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
69 Rest Of Middle East and Africa Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
70 Rest Of Middle East and Africa Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
71 Central and South America Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
72 Central and South America Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
73 Brazil Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
74 Brazil Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
75 Chile Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
76 Chile Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
77 Argentina Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
78 Argentina Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
79 Rest Of Central and South America Military Aircraft Modernization and Retrofit Market, By Aircraft Type, 2020-2028 (USD Billion)
80 Rest Of Central and South America Military Aircraft Modernization and Retrofit Market, By System Type, 2020-2028 (USD Billion)
81 BAE Systems: Products & Services Offering
82 Elbit Systems: Products & Services Offering
83 Honeywell International Inc.: Products & Services Offering
84 Leonardo S.p.A : Products & Services Offering
85 L3Harris Technologies: Products & Services Offering
86 LOCKHEED MARTIN: Products & Services Offering
87 Northrop Grumman: Products & Services Offering
88 Safran SA: Products & Services Offering
89 Thales Group: Products & Services Offering
90 Boeing: Products & Services Offering
91 Other Companies: Products & Services Offering
LIST OF FIGURES
1 Global Military Aircraft Modernization and Retrofit Market Overview
2 Global Military Aircraft Modernization and Retrofit Market Value From 2020-2028 (USD Billion)
3 Global Military Aircraft Modernization and Retrofit Market Share, By Aircraft Type (2022)
4 Global Military Aircraft Modernization and Retrofit Market Share, By System Type (2022)
5 Global Military Aircraft Modernization and Retrofit Market, By Region (Asia Pacific Market)
6 Technological Trends In Global Military Aircraft Modernization and Retrofit Market
7 Four Quadrant Competitor Positioning Matrix
8 Impact Of Macro & Micro Indicators On The Market
9 Impact Of Key Drivers On The Global Military Aircraft Modernization and Retrofit Market
10 Impact Of Challenges On The Global Military Aircraft Modernization and Retrofit Market
11 Porter’s Five Forces Analysis
12 Global Military Aircraft Modernization and Retrofit Market: By Aircraft Type Scope Key Takeaways
13 Global Military Aircraft Modernization and Retrofit Market, By Aircraft Type Segment: Revenue Growth Analysis
14 Fixed-wing Market, By Region, 2020-2028 (USD Billion)
15 Rotary-wing Market, By Region, 2020-2028 (USD Billion)
16 Global Military Aircraft Modernization and Retrofit Market: By System Type Scope Key Takeaways
17 Global Military Aircraft Modernization and Retrofit Market, By System Type Segment: Revenue Growth Analysis
18 Navigation Market, By Region, 2020-2028 (USD Billion)
19 Weapon Market, By Region, 2020-2028 (USD Billion)
20 Defensive Market, By Region, 2020-2028 (USD Billion)
21 Optronic Market, By Region, 2020-2028 (USD Billion)
22 Other Systems Market, By Region, 2020-2028 (USD Billion)
23 Regional Segment: Revenue Growth Analysis
24 Global Military Aircraft Modernization and Retrofit Market: Regional Analysis
25 North America Military Aircraft Modernization and Retrofit Market Overview
26 North America Military Aircraft Modernization and Retrofit Market, By Aircraft Type
27 North America Military Aircraft Modernization and Retrofit Market, By System Type
28 North America Military Aircraft Modernization and Retrofit Market, By Country
29 U.S. Military Aircraft Modernization and Retrofit Market, By Aircraft Type
30 U.S. Military Aircraft Modernization and Retrofit Market, By System Type
31 Canada Military Aircraft Modernization and Retrofit Market, By Aircraft Type
32 Canada Military Aircraft Modernization and Retrofit Market, By System Type
33 Mexico Military Aircraft Modernization and Retrofit Market, By Aircraft Type
34 Mexico Military Aircraft Modernization and Retrofit Market, By System Type
35 Four Quadrant Positioning Matrix
36 Company Market Share Analysis
37 BAE Systems: Company Snapshot
38 BAE Systems: SWOT Analysis
39 BAE Systems: Geographic Presence
40 Elbit Systems: Company Snapshot
41 Elbit Systems: SWOT Analysis
42 Elbit Systems: Geographic Presence
43 Honeywell International Inc.: Company Snapshot
44 Honeywell International Inc.: SWOT Analysis
45 Honeywell International Inc.: Geographic Presence
46 Israel Aerospace Industries: Company Snapshot
47 Israel Aerospace Industries: SWOT Analysis
48 Israel Aerospace Industries: Geographic Presence
49 L3Harris Technologies: Company Snapshot
50 L3Harris Technologies: SWOT Analysis
51 L3Harris Technologies: Geographic Presence
52 Lockheed Martin: Company Snapshot
53 Lockheed Martin: SWOT Analysis
54 Lockheed Martin: Geographic Presence
55 Northrop Grumman: Company Snapshot
56 Northrop Grumman: SWOT Analysis
57 Northrop Grumman: Geographic Presence
58 Safran SA: Company Snapshot
59 Safran SA: SWOT Analysis
60 Safran SA: Geographic Presence
61 Thales Group: Company Snapshot
62 Thales Group: SWOT Analysis
63 Thales Group: Geographic Presence
64 Boeing: Company Snapshot
65 Boeing: SWOT Analysis
66 Boeing: Geographic Presence
67 Other Companies: Company Snapshot
68 Other Companies: SWOT Analysis
69 Other Companies: Geographic Presence
The Global Military Aircraft Modernization and Retrofit Market has been studied from the year 2019 till 2028. However, the CAGR provided in the report is from the year 2023 to 2028. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Military Aircraft Modernization and Retrofit 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 and customer analytics.
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