Global Aerospace Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends

October 18, 2021October 18, 2021 by The Business Research Company

The Global Aerospace Market Report by The Business Research Company covers aerospace market drivers and restraints, aerospace market size, major players, and the impact of COVID-19 on the aerospace market.

The aerospace market consists of sales of aerospace equipment (including aircraft) and related services by entities (organizations, sole traders and partnerships) that produce commercial aircraft, undertake aircraft maintenance, repair and overhauling services, and produce support and auxiliary equipment, such as radar, air traffic control towers and satellites for civilian purpose.

The global aerospace market reached a value of nearly $298.0 billion in 2020, having decreased at a compound annual growth rate (CAGR) of -0.3% since 2015. The market is expected to grow from $298.0 billion in 2020 to $430.9 billion in 2025 at a rate of 7.7%. The global aerospace market is then expected to grow at a CAGR of 5.9% from 2025 and reach $573.6 billion in 2030.

Legal authority allowing the use of drones for commercial use is being extended more widely increasing a potential revenue channel for aircraft manufacturers.

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Some aerospace market trends include focusing on the use of smart materials for manufacturing. New materials such as graphene and carbon nanotubes help to make airplane wings more efficient by reducing weight and fuel consumption. These materials make the wings lighter, thus increasing efficiency, than those with conventional designs, whether made from metal or composites. Moreover, aerospace manufacturing companies are using VR technologies to improve manufacturing efficiency.

Global aerospace market segments include:

1) By Type: Commercial Aircraft (Passenger Aircrafts, Aircraft Engines, Commercial Helicopters, Aircraft Turbines, Commercial Gliders and Drones, Rocket Engines), Aircraft Maintenance, Repair and Overhauling Services (Commercial Aircrafts MRO Services, Aircraft Engines MRO Services, Commercial Helicopters MRO Services, Rocket Engines MRO Services, Aircraft Turbines MRO Services, Commercial Gliders and Drones MRO Services), Aerospace Support and Auxiliary Equipment (Commercial Radars, Satellites)

2) By Size: Narrow-Body, Wide-Body, Regional, Others

3) By End-User: Private Sector, Government

4) By Operation: Manual, Autonomous Aircraft

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Aerospace Opportunities And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides aerospace market overviews, analyzes and forecasts market size, share, aerospace market players, aerospace market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The aerospace identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Aerospace Opportunities And Strategies: Forecast 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: Airbus Group, Boeing Company, United Technologies Corporation, General Electric Company, Safran S.A.

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 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 Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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Here is a list of reports from The Business Research Company similar to the Aerospace Opportunities And Strategies: Forecast To 2030:

Commercial Helicopters Global Market Report 2021

Aircraft Engines Global Market Report 2021

Military Gliders And Drones Global Market Report 2021

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