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

Business of military equipment and outer space projects: must-read reports and analysis

  • 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 7 500 reports

Global Aerospace Industry

  • December 2015
    40 pages
  • Defense  

    Explosive  

    Firearm  

  • World  

    United States  

    Iraq  

View report >

Aerospace Industry in the US Forecast

  • January 2016
    29 pages
  • Aircraft  

    Unmanned Aircra  

    UAV And UAS  

  • United States  

View report >

Aerospace Industry in Europe

  • January 2016
    101 pages
  • Europe  

    World  

View report >

Aerospace Industry in Asia Forecast

  • January 2016
    21 pages
  • Aerospace  

    Defense  

  • Asia  

    United States  

    China  

View report >

Aerospace Industry in Japan

  • September 2015
    20 pages
  • Aerospace  

    Aircraft Manufa  

    Aerospace  

  • Japan  

View report >

Aerospace Overview in France Forecast

  • November 2015
    23 pages
  • Aerospace  

  • France  

    Europe  

View report >

Aerospace Industry in Germany

  • September 2015
    16 pages
  • Aerospace  

  • Germany  

    Indonesia  

    World  

View report >

Aerospace Statistics in Italy

  • October 2015
    8 pages
  • Italy  

    Peru  

    Europe  

View report >

Aerospace Industry in the UK Forecast

  • November 2015
    99 pages
  • Aerospace  

  • United Kingdom  

View report >

Aerospace Industry in Canada

  • November 2015
    46 pages
  • Business Aviati  

    Aircraft Manufa  

    Aircraft  

  • Canada  

    North America  

View report >


About 17 000 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 63 - $ 13 500)

Asia-Pacific Industrial Control Systems Security Market

Asia-Pacific Industrial Control Systems Security Market

  • $ 13 500
  • Industry report
  • November 2015
  • by Frost & Sullivan

Increased Threats Towards Critical Infrastructure Driving Demand for Better Security The study analyzes the Asia-Pacific industrial control systems (ICS) security market. In the 2010s, there were notable ...

Optical Sensing: Technologies And Global Markets

November 2015 $ 6 650

Global Scandium Market - Segmented By Product Type, End ...

December 2015 $ 6 250

Us Naval Ship Self-defense Systems

January 2016 $ 6 000

 analysis Of The Us Government Commercial Satellite Ma ...

December 2015 $ 6 000

Analysis Of The Global Military Training & Simulation M ...

December 2015 $ 6 000

Analysis Of The Global Commercial Uas Market 

December 2015 $ 6 000

North American Residential Multichannel Video Tracker: ...

December 2015 $ 6 000

Global C4isr Market Assessment 

November 2015 $ 6 000

Micro- And Nano-bots–emerging Opportunities (techvisi ...

December 2015 $ 4 950

Reportlinker.com © Copyright 2016. All rights reserved.

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