Fighter Aircraft Market Report

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The World Market for Fighter Aircraft is valued at $164 Billion over the next decade by Forecast International. This is based on production of 3,345 aircraft.

Aside from traditional tasks such as defensive and offensive counter air missions, today’s fighters are increasingly required to be accomplished at providing close air support and strike capabilities as well as contributing to intelligence, surveillance, target acquisition and reconnaissance (ISTAR) efforts.

To justify their great expense, fighter programmes have had to adapt to these new requirements.

The Eurofighter Typhoon and Lockheed Martin F?22 Raptor, both designed purely for air superiority, are undergoing a series of upgrades to ensure they retain their relevance in modern conflict scenarios. More so than any other type of military aircraft, the fighter has been required to become a jack of all trades while ensuring it remains master of its core tasks.

The future structure of the USAF’s fighter fleet is currently one of the key issues facing the Pentagon and the new administration of US President Barack Obama, with the White House looking to reduce its defence budget while simultaneously remaining engaged in two foreign theatres.