1. Market Research
  2. > Manufacturing Market Trends
  3. > Aerospace

Aerospace Industry: Latest Market Statistics and Trends

  • Currently 3/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
31 votes

Global Aerospace & Defense Manufacturing Industry

The global aerospace and defense manufacturing industry is worth $170 billion, according to the Society of Manufacturing Engineers. The industry involves the manufacture of defense goods, including information systems, watercraft, aircraft and weaponry. It is a highly concentrated market that sells mainly to governments who require products for military purposes or spacecraft for federal space programs.

Aerospace and defense manufacturing demand is driven by military budgets, the possibility of international warfare and airline traffic. The main success factors for companies in the industry are strong technical expertise and wise pricing of long-term contracts. Companies remain competitive by collaborating with partners and keeping costs down. Aerospace and defense manufacturing companies must collaborate with governments to remain compliant regarding regulations.

Key Market Segments

The worldwide market for airborne intelligence, surveillance and reconnaissance (ISR) was worth almost $17.5 billion in 2011, according to research from Visiongain. ISR is vital for military activities, and cutbacks affect defense budgets in many countries, though some areas spend more on defense. Despite budgetary restrictions, ISR typically still receives government funding.

The global military rotorcraft market is forecast to show yearly growth of over 4% by 2021, according to ICD Research. The market is comprised of attack and rescue, reconnaissance observation and maritime helicopters, among others. The market’s strong growth to come is due partly to the updating of EU and US fleets following the wars in Iraq and Afghanistan.

Reconnaissance, surveillance and target acquisition (RSTA) systems are necessary for all land-based military operations. Worldwide government spending on RSTA was over $3.35 billion in 2011, according to Visiongain. Widely used RSTA equipment includes counter-fire radar systems, surveillance sensors and night vision goggles.

The global market for unmanned aerial vehicles (UAV) was calculated to be worth almost $3 billion in 2011, according to research from Visiongain. The UAV market includes a range of products such as intelligence sensors, detection sensors, weaponry, infrared and lasers. Unmanned aircraft systems have also seen significant market growth over recent years as governments seek to acquire the best equipment to maximize their defense and attack systems. Companies operating in this market segment are according increasing amounts to research and development efforts to work on data links and ground control stations.

 Aerospace Industry Sales by Product Group, *In Current US$ Bn (2009-2012)

Growing Regional Market

India’s defense market is seeing rapid growth, with around $14 billion of the country’s 2010 administrative budget spent on acquiring military technology and hardware. India’s defense spending is forecast to grow at more than 6.5% a year in the five-year period ending 2015, to reach over $42.5 billion, according to Eprobe. Factors driving the market in India include a perceived threat from surrounding countries, the need to update obsolete military hardware and technology, and domestic unrest. As the market looks set to continue growing, original equipment manufacturers are being drawn to India from abroad, while domestic private-sector companies also step up to meet demand.

Read more »

Share
24/7 Customer Support

Talk to Sam

+1 718 473 0872

1-10 of about 15 000 reports

Global Aerospace Industry Forecast

  • April 2016
    6 pages
  • Aerospace  

  • Kazakhstan  

    Europe  

    World  

View report >

Aerospace Industry in the US

  • May 2016
    159 pages
  • United States  

View report >

Aerospace Industry in Europe

  • May 2016
    13 pages
  • Aerospace  

    Drone  

  • Europe  

    World  

View report >

Aerospace Industry in Asia

  • April 2016
    20 pages
  • Asia  

    Turkey  

    Russian Federat  

View report >

Aerospace Industry in Australia and Japan Forecast

  • January 2016
    28 pages
  • Submarine  

    Naval Vessels  

    Defense  

  • Australia  

    Japan  

    China  

View report >

Aerospace Industry in France and Europe

  • January 2016
    24 pages
  • France  

    Europe  

View report >

Aerospace Industry in Germany Forecast

  • December 2015
    20 pages
  • Aerospace  

    Naval Vessels  

    Defense  

  • Germany  

    Australia  

    Russian Federat  

View report >

Aerospace Industry in Italy

  • October 2015
    10 pages
  • Italy  

View report >

Aerospace Industry in the UK Forecast

  • April 2016
    120 pages
  • United Kingdom  

View report >

Aerospace Industry in Canada

  • April 2016
    12 pages
  • Aerospace  

  • Canada  

    Saudi Arabia  

    United States  

View report >


About 17 000 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 75 - $ 8 124)

Unmanned Military Robotics Yearbook 2016: The Definitive Reference Guide to Leading Companies & Market Forecasts For Unmanned Aerial Vehicles (UAV), Unmanned Ground Vehicles (UGV) & Unmanned Maritime Vehicles (UMV) & Systems

Unmanned Military Robotics Yearbook 2016: The Definitive Reference Guide to Leading Companies & Market Forecasts For Unmanned Aerial Vehicles (UAV), Unmanned Ground Vehicles (UGV) & Unmanned Maritime Vehicles (UMV) & Systems

  • $ 7 019
  • Industry report
  • April 2016
  • by Visiongain

Report Details Visiongain’s groundbreaking new 1,000 page yearbook consolidates three separate comprehensive reports on military UAVs, UGVs, and UMVs into one definitive overarching document with an ...

Global Oil Storage Industry Outlook To 2020 - Capacity ...

April 2016 $ 8 000

Personal Protective Equipment Market By Types, By Appli ...

February 2016 $ 6 995

Remote Sensing Technologies And Global Markets

March 2016 $ 6 650

Hydrophobic And Superhydrophobic Coatings: Technologies ...

March 2016 $ 6 650

Optical Test Equipment: Global Markets

March 2016 $ 6 650

Aerogels, Bcc Research

March 2016 $ 6 650

Outlook Of The Global Automation Industry 

March 2016 $ 6 000

Indian Aerospace & Defense Sector Market And Technologi ...

April 2016 $ 5 990

Offensive And Defensive Cyber Weapons For Government An ...

April 2016 $ 5 990

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.