The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

During the forecast period, developed countries will experience low interest rates as monetary authorities are expected to drive innovation in aerospace and defense manufacturing, thus driving the market during the forecast period.

The global aerospace and defense market is expected to grow from $795.92 billion in 2022 to $855.62 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The aerospace & defense market is expected to grow to $1076.56 billion in 2027 at a CAGR of 5.9%.

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Global Aerospace And Defense Market Segments Include:

• By Type: Aerospace, Defense
• By Operation: Autonomous, Manual
• By Component: Weapon System, Fire Control System, Command and Control System, Others
• 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 and defense market in 2021.

Major Market Players in the aerospace and defense market include Airbus Group SE, Raytheon Technologies Corporation, The Boeing Company, Lockheed Martin Corporation, Raytheon Co.

8K video capture technology is being integrated with drones to enhance the picture and video quality captured by these aircraft. 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 provide high-resolution footage in autonomous flights. For instance, Autel is offering its EVO series of drones with 8K cameras.

The Aerospace And Defense Global Market Report 2023 provides a aerospace and defense market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The aerospace and defense market forecast analyzes aerospace and defense market size, aerospace and defense market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Aerospace is the design and manufacture of aircraft, rockets, missiles, and spacecrafts that operate in the space. Defense equipment refers to weapons, arms and equipment that are used for military purposes.

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