The Aerospace 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 Market?
The Aerospace Global Market Report 2025 showed a solid growth trend. The market size escalated from $329.6 billion in 2024 to $348.31 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Aerospace Industry?
The 2029 market projections for the Aerospace Global Market Report 2025 estimate that the market will grow to $422.22 billion, with a compound annual growth rate (CAGR) of 4.9%.
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What are the Key Growth Drivers Fueling the Aerospace Market?
The key drivers in the aerospace market are:
• Increasing demand for commercial use of drones
• Rapid technological advancements in the aerospace industry
• Influence and economic growth of emerging economies
• Increasing adoption of smart materials, virtual reality, and machine learning in aircraft production.
Global Market Segmentation: Identifying Major Aerospace Industry Segments
The aerospace market covered in this report is segmented –
1) By Type: Commercial Aircraft, Aircraft Maintenance, Repair and Overhauling Services, Aerospace Support and Auxiliary Equipment
2) By Size: Wide-Body, Narrow-Body, Regional, Other Sizes
3) By Operation: Autonomous Aircraft, Manual
4) By End-User: Government, Private Sector
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What are the Emerging Trends Shaping the Future of the Aerospace Market?
The key trends in the aerospace market are:
• The aerospace industry is incorporating smart materials into aircraft manufacturing.
• There is an increasing focus on VR technologies to streamline manufacturing processes.
• Multiphysics simulations are being utilized to reduce manufacturing complexity.
• There is a growing trend towards adopting machine learning capabilities for improving aircraft safety, manufacturing productivity, and quality.
Who Are the Top Competitors & Leading Players in the Aerospace Market?
Major companies in the aerospace market are:
• Airbus Group
• The Boeing Company
• United Technologies Corporation
• General Electric Company
• Safran S.A.
• General Dynamics Corp.
• Honeywell International
• Rolls-Royce Holdings Plc.
• Embraer S.A
• Northrop Grumman Corp.
• Cessna
• Dirgantara Indonesia
• BAE Systems
• McDonnell Douglas
• Raj Hamsa Ultralights
• Leonardo
• Meggitt PLC
• Honda Aircraft Company
• GKN
• Mitsubishi Aircraft Corporation
• Mahindra Aerospace
• IHI Corporation
• Bombardier
• Hindustan Aeronautics Limited (HAL)
• Kawasaki Aerospace Company
• PD AeroSpace
• Thales Japan
• Lockheed Martin India Pvt Ltd
• Subaru Corporation
• Raytheon
• L3Harris Technologies Inc
• TransDigm Group Incorporated
• Saab AB
• Arconic Inc
• Britten-Norman
• Pilatus Aircraft Ltd
• Commercial Aircraft Corporation of China
• Bharat Electronics Limited (BEL)
• Cobham
• Dassault Aviation SA
• Hybrid Air Vehicles (HAV)
• JAMCO Corporation
• QinetiQ
• Textron Inc.
• BrahMos Aerospace
• Ltd. (COMAC)
• Superior Aviation Beijing Co.
• Indian Rotorcraft
• Foxcon Aviation
• TeamIndus
• ShinMaywa Aircraft Industries
• Aviation Industry Corporation of China
• Drone Aerospace Systems Pvt Ltd.
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the aerospace market in 2024
