1. Market Research
  2. > Aerospace and Defence

Defence & Aerospace Industry Outlook: Latest Market Reports & Studies

  • Currently 3/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
33 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.

Defense & Aerospace Industry 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 & Defense Growing Regional Markets

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

+33 4 37 65 17 06

120 Reports
Demand, Forecast, Company Financials
450 Statistics
Market Size, Finance, Company Financials
880 Reports
Demand, Company Financials, Supply
1400 Statistics
Market Size, Demand, Environment
130 Reports
Trade, Demand, Market Size
400 Statistics
Market Size, Demand, Finance
63 Reports
Trade, Demand, Forecast
110 Statistics
Market Size, Finance, Company Financials
150 Reports
Demand, Company Financials, Trade
320 Statistics
Market Size, Finance, Company Financials
210 Reports
Trade, Market Size, Forecast
250 Statistics
Market Size, Finance, Company Financials
50 Reports
Market Size, Forecast, Company Financials
100 Statistics
Company Financials, Finance, Market Size
89 Reports
Company Financials, Demand, Trade
68 Statistics
Market Size, Finance, Demand
38 Reports
Demand, Trade, Risk Assessment
190 Statistics
Market Size, Demand, Finance
5 Reports
Company Financials, Company, Trade
52 Statistics
Market Size, Finance, Company Financials
Search in Aerospace And Defence Industry (About 41000 reports)
Related industries: Energy & Environment, Manufacturing, Automotive, Chemical, Construction, Materials, Mining and Quarrying

About 30000 reports

Purchase Reports From Reputable Market Research Publishers
(From € 68 - € 19990)

Nanosatellite and Microsatellite Market by Component, Mass, Application, Vertical - Global Forecast to 2022

Nanosatellite and Microsatellite Market: Global Forecast until 2022

  • € 6384
  • Industry report
  • June 2017
  • by MarketsandMarkets

“The low manufacturing cost of miniature satellites is one of the key factors expected to drive the growth of the nanosatellite and microsatellite market.”The nanosatellite and microsatellite market ...

Maritime Safety Market: Global Forecast until 2021 € 6384 November 2016

Tunable Filter Market: Global Forecast until 2023 € 5045 December 2017

Aircraft Antenna Market: Global Forecast until 2022 € 5045 November 2017

Remote Sensing Services Market: Global Forecast until 2 ... € 5045 October 2017

Turret System Market: Global Forecast until 2022 € 5045 October 2017

Inertial Navigation System Market: Global Forecast unti ... € 5045 September 2017

CBRN Defense Market: Global Forecast until 2022 € 5045 August 2017

Microdisplay Market: Global Forecast until 2023 € 5045 August 2017

Rangefinder Market: Global Forecast until 2022 € 5045 August 2017


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