The design of Aircraft and especially the fighter Aircraft is increasingly getting complex. Added to the complexities of the design and need to integrate several disciplines, there is an added challenge of working with technologies that are still in drawing boards to be incorporated in future design. Needless to add, validation and testing of entire system / subsystem is a pain point. Hence there is a clear need to design the aircraft in such a manner to accommodate for futuristic technologies and compress the design cycle times. On an average, design and development of a Military aircraft either for developed countries or developing countries requires a minimum of 13 years from the launch of project to the first flight. As the years get passed on new technologies and advancement also develops and it will become difficult to identify and incorporate to the ongoing projects. A novel approach of using Markov process for achieving these objectives is explored. Markov based approach as a stochastic approach normally used to predict future states on the basis they have no link to the past is explored. A step by step approach by taking a typical design life cycle process of a particular component/assembly of aircraft is discussed. In this, design is split in to sequential stages, based on our prior design experience a probability is assigned to all foreseeable possibilities, and then that is converted to transition probability. Using a simple concept that any probability less than 1.0 leads to extended design life cycle, suitable cost and time factors. © 2006-2014 Asian Research Publishing Network (ARPN).