ReportsnReports has released a new study that predicts the global military fixed-wing aircraft market will reach $87.5 billion by 2025.
The increase represents a compound annual growth rate of 3.64 percent from 2015 to 2025, with North America as the dominant market, ReportsnReports said Friday.
The U.S. is expected to spend $260.9 billion total over the next 10 years on military fixed-wing aircraft, according to the report.
The ReportsnReports analysis examines demand drivers, growth stimulators for military aircraft and modernization patterns of various regions worldwide.
The report also highlights recent technological developments in the global military aircraft market, industry trends and market challenges.