According to Custom Market Insights (CMI), the Global Military Transport Aircraft Market was valued at approximately USD 29.4 billion in 2021 and is projected to reach nearly USD 45.4 billion by the year 2030. This growth represents a compound annual growth rate (CAGR) of around 4.8% during the forecast period from 2022 to 2030.

Military transport aircraft play a vital role in modern warfare by ensuring the timely delivery of troops, weapons, and essential military equipment. These aircraft are also extensively used for a variety of critical missions, including aerial refueling, intelligence gathering, and rescue operations. Consequently, defense budgets across the globe are increasingly being allocated to procure and upgrade military transport aircraft fleets. A notable example is the deal finalized by Serbia’s defense ministry in February 2022, where approximately $91 million was invested to purchase two C-295 medium tactical transport aircraft from Construcciones Aeronautics, a subsidiary of Airbus.

To explore the complete insights, market statistics, and forecasts categorized by aircraft type (fixed-wing aircraft, rotorcraft), application (troop airlifting, cargo supply, others), and region, the full report is available at:
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Military Transport Aircraft Market Dynamics

Drivers

The demand for transport aircraft within military operations is expected to grow significantly over the forecast period. Increasing adoption of compact cargo aircraft for transporting military communications systems is another trend shaping the market. Major manufacturers are concentrating on the development of aircraft with enhanced airlift capacity to accommodate heavy loads such as armored vehicles and battle tanks. These efforts are directly contributing to the expansion of the market.

Furthermore, several countries are actively acquiring multi-role military aircraft that can operate efficiently in all-weather and all-season conditions. For example, in November 2021, China’s People’s Liberation Army (PLA) Air Force used its Y-20 transport aircraft to deliver 160,000 units of newly developed cold-weather gear to troops stationed in high-altitude border regions. Such developments demonstrate the growing strategic importance of transport aircraft in defense logistics.

Restraints

The COVID-19 pandemic severely disrupted global supply chains, particularly affecting the availability of raw materials used in the production of military transport aircraft. This disruption led to delays in aircraft deliveries and a decline in manufacturing output. As a result, the pandemic has had a considerable negative impact on the global growth trajectory of the military transport aircraft market.

Military Transport Aircraft Market Opportunities

The continuous advancement of military aircraft technology presents promising growth prospects for the market. Growing geopolitical tensions and cross-border conflicts in regions including South Korea, China, Ukraine, Russia, and India have led to an increased emphasis on modernizing defense capabilities. For instance, in December 2021, Ukrainian aircraft manufacturer Antonov State Enterprise (under Ukroboronprom) introduced the An-178-100R military transport aircraft designed to carry personnel, weapons, and light military equipment. Such developments are expected to provide a robust platform for future market growth.

Challenges

One of the primary challenges faced by original equipment manufacturers (OEMs) in the military transport aircraft sector is the complexity of the supply chain. The industry’s supply networks comprise various specialized manufacturers, parts suppliers, and service providers, making coordination and consistency a challenge. Additionally, shortages in skilled labor and technical personnel contribute to production delays, further hindering the market’s ability to scale rapidly.

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Military Transport Aircraft Market Report Highlights

Based on aircraft type, the rotorcraft segment is projected to register the highest compound annual growth rate and is expected to maintain a dominant market position. This is largely due to the increasing focus on advanced rotary-wing aircraft and their operational advantages, such as vertical takeoff and the ability to land in confined spaces. These aircraft include helicopters, gyrodynes, and autogyros, which rely on one or more rotors for lift throughout flight.

In terms of application, the troop airlifting segment currently leads the market and is anticipated to make the most substantial contribution in the upcoming years. This segment's growth is driven by the consistent need to transport military personnel to and from operational zones efficiently and securely.

Regional Snapshots

North America dominated the military transport aircraft market in 2021 and is expected to retain its leading position over the forecast period. The primary growth driver in this region is the substantial defense expenditure by the United States. For instance, U.S. military spending reached USD 778 billion in 2020, reflecting a 4.4% increase from the previous year. Additionally, ongoing investments in research and development of next-generation military aircraft are expected to support market growth. A key example is the U.S. Air Force’s announcement in September 2020 regarding the successful development and flight of a prototype for its next-generation fighter aircraft.

Meanwhile, the Asia-Pacific region is poised to experience the fastest growth during the forecast period. This acceleration is mainly due to heightened defense investments by countries such as India and China aimed at enhancing their air force capabilities. For instance, in January 2021, India initiated a procurement plan to acquire 56 medium-sized military transport aircraft valued at around USD 2.5 billion to strengthen the Indian Air Force’s operational readiness.

Military Transport Aircraft Market Key Players

Prominent players operating in the global military transport aircraft market include:

  • Airbus S.A.S.

  • Leonardo SpA

  • Lockheed Martin Corporation

  • Embraer SA

  • Boeing

  • Bell Textron Inc.

  • Northrop Grumman

  • Kawasaki Heavy Industries Ltd

  • GE Aviation

  • ANTONOV COMPANY

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