Military Transport Aircraft Market is anticipated to grow further up to USD 45.4 Billion By 2032
According to Custom Market Insights (CMI), The Global Military Transport Aircraft Market size was estimated at USD 29.4 Billion in 2021 and is expected to hit around USD 45.4 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 4.8% from 2022 to 2030. Military transport aircraft is an essential component in warfighting operations to ensure the delivery of weapons, troops, and other military equipment. In addition, such aircraft perform intelligence-gathering, aerial refueling, and rescue missions coupled with an extensive range of mission-critical tasks. As a result, spending on military transport aircraft is growing rapidly across the globe as many countries invest considerable sums in the procurement of defense equipment. For instance, in February 2022, the defense ministry of Serbia finalized its deal of about $91 million to acquire two C-295 medium tactical transport aircraft manufactured by Construcciones Aeronautics, a ...