The past decade saw relatively steady military aircraft sales in the US, with a few fluctuations. Notable variations included a downturn in 2015 and 2020, but followed by recovery in subsequent years. By 2023, sales reached $38.421 billion, a 1.6% increase from the previous year, totaling a CAGR of 1.73% over the last five years.
Forecasts indicate continuous growth, reaching $41.473 billion by 2028, resulting in an average annual growth rate of 1.26% for the next five years. This trend reflects steady demand for advanced military aircraft.
Future trends to watch for:
- Integration of advanced technologies such as stealth capabilities and artificial intelligence.
- Increasing budgets directed towards modernization and new acquisitions.
- Potential geopolitical tensions influencing demand for military aircraft.
