The global aerospace market reached a value of nearly $298.0 billion in 2020, having decreased at a compound annual growth rate (CAGR) of -0.3% since 2015. The market is expected to grow from $298.0 billion in 2020 to $430.9 billion in 2025 at a rate of 7.7%. The global aerospace market is then expected to grow at a CAGR of 5.9% from 2025 and reach $573.6 billion in 2030.
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The aerospace market consists of sales of aerospace equipment (including aircraft) and related services by entities (organizations, sole traders and partnerships) that produce commercial aircraft, undertake aircraft maintenance, repair and overhauling services, and produce support and auxiliary equipment, such as radar, air traffic control towers and satellites for civilian purpose.
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The aerospace market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the aerospace market are Airbus Group, Boeing Company, United Technologies Corporation, General Electric Company, Safran S.A.
The aerospace market is segmented by type, by size, by end-user, by operation and by geography.
By Type –
The aerospace market is segmented by type into
- a) Commercial Aircraft
- b) Aircraft Maintenance, Repair and Overhauling Services
- c) Aerospace Support and Auxiliary Equipment
The aerospace market is segmented by size into
- a) Narrow-Body
- b) Wide-Body
- c) Regional
- d) Others
The aerospace market is segmented by end-user into
- a) Private Sector
- b) Government
The aerospace market is segmented by operation into
- a) Manual
- b) Autonomous Aircraft
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The aerospace market report describes and explains the global aerospace market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The aerospace report evaluates the market across each region and for the major economies within each region.
The countries covered in the global aerospace market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global aerospace market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Aerospace Market Characteristics
- Aerospace Market Product Analysis
- Aerospace Market Supply Chain
- Key Mergers And Acquisitions In The Aerospace Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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