Aerospace & Defense industry consists of establishments involved in developing prototypes and manufacturing or assembling of complete aircrafts, aircraft parts, radars, weapons and ground vehicles for civilian and military purpose. These companies also provide maintenance, repair and overhauling services to the aircrafts and other after sales services.
The top five companies covered are The Boeing Company, Airbus Group, Lockheed Martin Corporation, United Technologies Corp., and General Electric Company. The Boeing Company was the largest company in the aerospace & defense market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Aerospace and Defense Market Size
The global aerospace and defense market was valued at around $1.5 trillion in 2017. North America was the largest region in the aerospace & defense market in 2017, accounting for nearly 40% share in the market. The USA was the largest country in the market in 2017, accounting for around 30% share in the market.
Aerospace and Defense Market Trend
Additive manufacturing is continuously evolving and manufacturers are now using 3D printing technology to produce parts for aircrafts and aircraft engines. 3D printing creates a three-dimensional physical object using a digital design. They are 25% lighter, simpler and offer more design features than conventional parts. This enables manufacturers to create high performance aircraft engines and components. GE Aviation has introduced 3D printed parts in its aircraft engines.
Aerospace and Defense Market Segmentation
The aerospace & defense industry is segmented into Aircrafts, Aircraft Parts Manufacturing, Repair & Maintenance, Radars And Weapons and Guided Missile, Space Vehicle and Military Ground Vehicles.
Aircrafts, Aircraft Parts Manufacturing, Repair & Maintenance industry consists of companies involved in developing prototypes and manufacturing or assembling of complete aircrafts, and aircraft parts.
Radars And Weapons industry includes establishments that manufacture radars and weapons for civilian and military purpose.
Guided Missile, Space Vehicle and Military Ground Vehicles market comprises establishments primarily engaged in making prototypes and manufacturing guided missiles, space vehicles, combat tanks, military armored vehicles, specialized components for combat tanks and self-propelled weapons.