According to this report, the global aerospace and defence market is estimated to be valued at US$ 1900 billion in the year 2028, growing at a CAGR of 4.5% in the period 2021 to 2028. Growth of the market is driven by factors such as boom in commercial aircrafts segment, surge in global airline traffic, and rise in military expenditure.
The aerospace and defence industry comprises of companies dealing with manufacturing of civil and military procurements. Global aerospace industry has undergone rapid transition over recent years as traditional leading market players have experienced coldness in domestic markets. Moreover, increased geopolitical uncertainty has led to higher defence spending.
Global aerospace and defence industry is increasingly witnessing higher demand for next-generation, fuel-efficient aircrafts. This move is mainly seen as a result of rise in oil prices which is negatively impacting growth of the industry.
Segments Covered
The report provides revenue forecasts for global, regional and country levels. It also provides comprehensive coverage on major industry drivers, restraints, and their impact on market growth during the forecast period. For the purpose of research, the publisher has provided regional and country-wise analysis of global aerospace and defense market:
Country Outlook
Vendors Outlook
Target Audience
