Aerospace & Defense Global Market To Reach Value Of About $973 Billion In 2025
15 Mar, 2021
The aerospace and defense 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 defense purposes. The aerospace and defense market is segmented into aerospace and defense.
Global Aerospace & Defense Market Size And Drivers:
The global aerospace & defense 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 market is expected to reach $973.2 billion in 2025 at a CAGR of 6%.
During the historic period, developed countries experienced low interest rates as monetary authorities reduced the interest rates to stimulate economic growth and prevent deflation.
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Trends In The Global Aerospace & Defense Market
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.
Global Aerospace & Defense Market Segments:
The global aerospace & defense market is further segmented based on type, distribution channel, nature and geography.
By Type: Aerospace, Defense.
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others.
By By Nature: Organic, Conventional.
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 global aerospace & defense 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 & defense market, accounting for 35% of the total market.
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Aerospace & Defense Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides aerospace & defense market overviews, analyzes and forecasts market size and growth for the global aerospace & defense market, aerospace & defense market share, aerospace & defense market players, aerospace & defense market segments and geographies, aerospace & defense market’s leading competitors’ revenues, profiles and market shares. The aerospace & defense market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.