Europe Military Aircraft Modernization and Retrofit Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Europe Military Aircraft Modernization and Retrofit Market is Segmented by Aircraft Type (Fixed-Wing and Rotary Wing), Fitment (OEM and Retrofit), and Geography (United Kingdom, France, Germany, Italy, Belgium, Ukraine, Russia, and the Rest of Europe). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Europe Military Aircraft Modernization and Retrofit Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Europe Military Aircraft Modernization and Retrofit Market Size

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Europe Military Aircraft Modernization And Retrofit Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 7.04 Billion
Market Size (2030) USD 10.30 Billion
CAGR (2025 - 2030) 7.92 %
Market Concentration High

Major Players

Europe Military Aircraft Modernization And Retrofit Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Military Aircraft Modernization and Retrofit Market Analysis

The Europe Military Aircraft Modernization And Retrofit Market size is estimated at USD 7.04 billion in 2025, and is expected to reach USD 10.30 billion by 2030, at a CAGR of 7.92% during the forecast period (2025-2030).

Growth in military modernization programs coupled with growing defense spending of various countries within the European region are some of the factors that are anticipated to lead to market growth in the future. Moreover, various other factors that are estimated to drive the growth of the market during the forecast period include technological advancements in military aircraft, growth in the number of acquisitions of new military aircraft, and the changing nature of warfare.

On the other hand, expensive aircraft modernization costs, especially for older aircraft types, are expected to hamper the growth in the market. 

Furthermore, the growth in the usage of artificial intelligence in aircraft modernization will lead to the creation of greater business opportunities and this is expected to drive the market growth during the forecast period.

Europe Military Aircraft Modernization and Retrofit Industry Overview

The Europe military aircraft modernization and retrofit market is fragmented with various players dominating the market. Some of the major players in the market are Dassault Aviation, Lockheed Martin Corporation, BAE Systems plc, Airbus SE, and The Boeing Company amongst others.

Various key players in the market are now looking to acquire retrofit and modernization contracts and are engaged in expanding their market share by engaging in the timely completion of military aircraft retrofitment. Furthermore, key players in the market are also establishing partnerships with various defense personnel within the European region to increase their customer base and expand their market presence. 

In addition, companies are looking forward to integrating advanced technologies such as augmented reality and artificial intelligence to better service the needs of the defense industry in Europe and this is expected to drive the market growth during the forecast period.

Europe Military Aircraft Modernization and Retrofit Market Leaders

  1. Dassault Aviation

  2. Lockheed Martin Corporation

  3. The Boeing Company

  4. BAE Systems plc

  5. Airbus SE

  6. *Disclaimer: Major Players sorted in no particular order
Europe Military Aircraft Modernization And Retrofit Market Concentration
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Europe Military Aircraft Modernization and Retrofit Market News

In May 2023, the Defense Equipment and Support (DE&S) agency, a part of the UK Ministry of Defense, announced the procurement of a new Chinook H-47 extended range (ER) heavy-lift rotorcraft. The helicopters have been procured as part of a Foreign Military Sales (FMS) from the US Department of Defense (DoD) worth USD 1.75 billion with deliveries expected to commence in 2026.

In April 2023, the Romanian defense forces announced the approval of the plan to acquire F-35 Lightning II fighter jets to upgrade the country’s military air force fleet. Moreover, Romania will become the third Eastern European ally after Poland and the Czech Republic to operate the fifth-generation military aircraft.

Europe Military Aircraft Modernization And Retrofit Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Buyers/Consumers
    • 4.4.2 Bargaining Power of Suppliers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Aircraft Type
    • 5.1.1 Fixed-Wing
    • 5.1.2 Rotary Wing
  • 5.2 Fitment
    • 5.2.1 OEM
    • 5.2.2 Retrofit
  • 5.3 Geography
    • 5.3.1 United Kingdom
    • 5.3.2 France
    • 5.3.3 Germany
    • 5.3.4 Italy
    • 5.3.5 Belgium
    • 5.3.6 Ukraine
    • 5.3.7 Russia
    • 5.3.8 Rest of Europe

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 Dassault Aviation
    • 6.2.2 Lockheed Martin Corporation
    • 6.2.3 BAE Systems plc
    • 6.2.4 Airbus SE
    • 6.2.5 The Boeing Company
    • 6.2.6 Saab AB
    • 6.2.7 Leonardo S.p.A.
    • 6.2.8 United Aircraft Corporation
    • 6.2.9 Rostec
    • 6.2.10 THALES
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Europe Military Aircraft Modernization and Retrofit Industry Segmentation

Military aircraft modernization and retrofit refers to the process of updating or retrofitting an aircraft with new equipment, capabilities as well as other alternatives to keep the aircraft updated with changing technology and requirements. Moreover, the process of modernization helps to extend the service life of the aircraft while simultaneously boosting effectiveness as well as efficiency. 

The Europe military aircraft modernization and retrofit market is segmented by aircraft type, fitment, and geography. By aircraft type, the market is segmented into fixed-wing and rotary-wing. By fitment, the market is segmented into OEM and retrofit. The report also offers the market size and forecasts for seven countries across the region. For each segment, the market sizing and forecasts have been done based on value (USD).

Aircraft Type Fixed-Wing
Rotary Wing
Fitment OEM
Retrofit
Geography United Kingdom
France
Germany
Italy
Belgium
Ukraine
Russia
Rest of Europe
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Europe Military Aircraft Modernization And Retrofit Market Research FAQs

How big is the Europe Military Aircraft Modernization And Retrofit Market?

The Europe Military Aircraft Modernization And Retrofit Market size is expected to reach USD 7.04 billion in 2025 and grow at a CAGR of 7.92% to reach USD 10.30 billion by 2030.

What is the current Europe Military Aircraft Modernization And Retrofit Market size?

In 2025, the Europe Military Aircraft Modernization And Retrofit Market size is expected to reach USD 7.04 billion.

Who are the key players in Europe Military Aircraft Modernization And Retrofit Market?

Dassault Aviation, Lockheed Martin Corporation, The Boeing Company, BAE Systems plc and Airbus SE are the major companies operating in the Europe Military Aircraft Modernization And Retrofit Market.

What years does this Europe Military Aircraft Modernization And Retrofit Market cover, and what was the market size in 2024?

In 2024, the Europe Military Aircraft Modernization And Retrofit Market size was estimated at USD 6.48 billion. The report covers the Europe Military Aircraft Modernization And Retrofit Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe Military Aircraft Modernization And Retrofit Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Europe Military Aircraft Modernization And Retrofit Industry Report

Statistics for the 2025 Europe Military Aircraft Modernization And Retrofit market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Military Aircraft Modernization And Retrofit analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.