SOURCE: AFI
The global fighter jet market has long been dominated by two major players: the United States and China. These two countries account for the majority of annual production, showcasing their technological prowess and manufacturing capabilities. However, the landscape is evolving, with several other nations poised to join the ranks of fighter jet producers.
Looking ahead to the next two decades, the forecast indicates that the US and China will maintain their lead in fighter jet production worldwide. Russia and Europe are expected to follow closely behind, solidifying their positions in the global market.
India, with its ambitious plans for locally developed fighter jets, has the potential to break into the top five. The nation’s roadmap includes the production of nearly 180 Tejas Mk1A, 120 Tejas MkII, 40 AMCA Mk1, and 30 TEDBF fighter jets over the next 20 years. If India can achieve these production targets, it will significantly boost its domestic fighter jet industry and secure a place among the world’s leading producers.
However, realizing this goal will depend heavily on factors such as production schedules, timely deliveries, and the ability to meet quality standards. The Indian government will need to invest heavily in research and development, infrastructure, and skilled manpower to support the ambitious production plans.
In addition to India, South Korea and Turkey are also expected to join the ranks of fighter jet-producing countries. South Korea’s KF-21 Boramae and Turkey’s Kaan are promising projects that could significantly enhance their domestic defense industries. Notably, South Korea already produces the KAI T-50 Golden Eagle, with the Block 20 variant being a light multirole fighter jet.
To cement its position in the global fighter jet market, India will need to secure export orders. While domestic production is crucial, exports can provide valuable revenue and enhance the country’s international standing. India’s ability to compete effectively in the global market will depend on factors such as the quality of its fighter jets, pricing, and after-sales support.