Aerospace And Defence Market
Aerospace and Defense

Global Aerospace & Defence Market Size, Forecasts, And Opportunities

Learn about the global aerospace & defence market through The Business Research Company, which provides information on aerospace & defence market size, aerospace & defence market drivers and restraints, aerospace & defence market players, the COVID-19 impact on the aerospace & defence market, and more.     

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The global aerospace & defence 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 aerospace and defence market is expected to reach $973.2 billion in 2025 at a CAGR of 6%.

Low interest rates encouraged borrowing for investment and helped drive spending and boosted the growth of the aerospace and defence market in historic period.

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The aerospace and defence 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 defence purposes.

Global aerospace & defence market segments include:

By Type: Aerospace, Defence

By Operation: Autonomous, Manual

Subsegments Covered: Commercial Aircraft, Aircraft Maintenance, Repair And Overhauling Services, Aerospace Support And Auxiliary Equipment, Air Based Defence Equipment, Sea Based Defence Equipment, Land Based Defence Equipment, Defence Equipment Maintenance, Repair And Overhauling Services, Defence 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 was the largest region in the global aerospace & defence market, accounting for 35% of the market in 2020.

8K video capture technology 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.

TBRC’s aerospace & defence market report covers:

Major Market Players: 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)

The Aerospace & Defence 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 & defence market overviews, analyses and forecasts market size, share, aerospace & defence market players, aerospace & defence market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s aerospace & defence market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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