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Legal authority allowing the use of drones for commercial use is being extended more widely increasing a potential revenue channel for aircraft manufacturers, as per The Business Research Company’s aerospace market opportunities and strategies report.

The aerospace 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.

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Major players in the aerospace market include Airbus Group, Boeing Company, United Technologies Corporation, General Electric Company, Safran S.A..

Companies in the aircraft manufacturing market are 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.

The Global Aerospace Market Is Segmented:
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)

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

By End-User: Private Sector, Government

By Operation: Manual, Autonomous Aircraf

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

TBRC’s Aerospace Market Report Covers:

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 (2016-21) and ten years forecast (2022-2026-2031)

The Aerospace Market Report 2022 – Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides thorough aerospace market research, analyzes and forecasts aerospace market size, aerospace market share, aerospace market players, aerospace market trends, aerospace market segmentation and geographies, leading competitor revenues, profiles and market shares.

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

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.

View Similar Reports From The Business Research Company:

Aerospace & Defense Global Market Report 2022

Aerospace Support And Auxiliary Equipment Global Market Report 2022

Aerospace Materials Global Market Report 2022

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