The Aerospace And Defense Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Aerospace And Defense Market?
The size of the aerospace and defense market has seen strong growth in recent times. The market is projected to increase from $820.67 billion in 2024 to $875.37 billion in 2025, with a compound annual growth rate (CAGR) of 6.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Aerospace And Defense Industry?
The Aerospace And Defense Global Market is projected to reach $1098.86 billion in 2029, with a compound annual growth rate (CAGR) of 5.8%.
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What are the Key Growth Drivers Fueling the Aerospace And Defense Market?
The key drivers in the aerospace and defense market are:
• Growing government support and rising urbanization
• Increasing use of lightweight materials and commercial applications of drones
• Increasing demand for military helicopters and military modernization programs
• Technological advancements, including use of AI, augmented and virtual reality, 3D printing technology, and robotics.
Global Market Segmentation: Identifying Major Aerospace And Defense Industry Segments
The aerospace and defense market covered in this report is segmented –
1) By Type: Aerospace, Defense
2) By Operation: Autonomous, Manual
3) By Component: Weapon System, Fire Control System, Command and Control System, Other Components
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What are the Emerging Trends Shaping the Future of the Aerospace And Defense Market?
The key trends in the aerospace and defense market are:
• The adoption of 3D printing technology, digital thread, and digital twin by drone manufacturers is a noticeable trend.
• Increasing utilization of cloud-based technology, AI applications, and edge computing in defense is shaping the market.
• The integration of augmented and virtual reality, robotics, and Unmanned Aerial Vehicles (UAVs) into processes is another emerging trend.
• Companies are increasingly focusing on electrically powered aircraft and incorporating blockchain in their manufacturing processes.
Who Are the Top Competitors & Leading Players in the Aerospace And Defense Market?
Major companies in the aerospace and defense market are:
• Airbus Group SE
• Lockheed Martin Corporation
• Raytheon Technologies Corporation
• The Boeing Company
• Northrop Grumman Corp
• General Dynamics
• General Electric Company
• Bae Systems plc
• Safran SA
• Thales
• Hindustan Aeronautics Ltd
• Team Indus
• Rolls Royce India
• Bharat Electronics Limited (BEL)
• Drone Aerospace Systems Pvt Ltd
• Indian Rotorcraft
• Mahindra Aerospace
• Raj Hamsa Ultralights
• Commercial Aircraft Corporation of China Ltd. (COMAC)
• Shanghai aircraft manufacturing factory
• Aviation Industry Corporation of China
• Superior Aviation Beijing Co.
• Honeywell International Inc.
• Bombardier Inc.
• Embraer
• Cessna
• Almaz-Antey
• United Aircraft Corporation
• Tactical Missiles Corporation
• Uralvagonzavod
• Textron Inc.
• Pilatus Aircraft Ltd
• Leonardo SpA
• Dassault Aviation SA
• Piper Aircraft Inc
• Honda Aircraft Company
• Precision Castparts Corp
• Spirit AeroSystems Inc
• TransDigm Group Incorporated
• Advanced Composites Solutions
• AEL Sistemas
• Airship do BrasilOneWeb
• Telespazio
• ARSAT
• Cirrus Aircraft Corp.
• Israel Aerospace Industries
• Iran Aircraft Manufacturing Industries
• Saudi Arabian Military Industries (SAMI)
• Advanced Electronics Company
• Abu Dhabi Ship Building (ADSB)
• DragonFly Aerospace
• Armscor
• Atlas Aircraft Corporation
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in aerospace & defense market in 2024
