The Global Aerospace & Defense Market Report by The Business Research Company covers aerospace & defense market drivers and restraints, aerospace & defense market size, major players, and the impact of COVID-19 on the aerospace & defense market.
The aerospace and defense market consists of sales of aircraft, aircraft components, weapons, artillery tanks, radar and other military equipment by entities (organizations, sole traders or partnerships) that produce aircraft, aircraft components, weapons, artillery tanks, radar and other military equipment for aerospace and defense purposes.
The low interest rates boosted the growth of the aerospace and defense market in historic period. The global aerospace & defense market is expected to grow from $736.36 billion in 2020 to $774.54 billion in 2021 at a compound annual growth rate (CAGR) of 5.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $973.2 billion in 2025 at a CAGR of 6%.
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Some aerospace & defense market trends include 8K video capture technology that is being integrated with drones to enhance picture and video quality captured by these aircrafts. 8K technology offers greater horizontal display resolution and offers images that show more details than standard HD. 8K cameras integrated with drones offer higher precision and provides high resolution footage in autonomous flights.
Global aerospace & defense market segments include:
1) By Type: Aerospace, Defense.
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others.
3) By Nature: Organic, Conventional.
Subsegments Covered: Commercial Aircraft, Aircraft Maintenance, Repair and Overhauling Services, Aerospace Support and Auxiliary Equipment, Air based Defense Equipment, Sea based Defense Equipment, Land based Defense Equipment, Defense Equipment Maintenance, Repair and Overhauling Services, Defense Support and Auxiliary Equipment.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, North America is the largest region in the global aerospace & defense market, accounting for 35% of the total market.
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The Aerospace & Defense Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides aerospace & defense market overviews, analyzes and forecasts market size, share, aerospace & defense market players, aerospace & defense market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The aerospace & defense identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Aerospace & Defense Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Boeing, Airbus, United Technologies, GE Aviation, Lockheed Martin
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The aerospace & defense Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The aerospace & defense Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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