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

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

+1 438 238 1826

1-10 of about 40000 reports

Global Aerospace And Defence Industry - Forecast

  • November 2017
    6 pages
  • Aerospace And D...  

  • India  

    World  

View report >

Aerospace And Defence Industry in the US

  • November 2017
    12 pages
  • Firearm  

    Weapon  

    Defence  

  • United States  

View report >

The future of the Defence Industry in Europe

  • November 2017
    8 pages
  • Defence  

  • Europe  

    Africa  

    World  

View report >

Aerospace And Defence Industry in India and Japan

  • November 2017
    12 pages
  • Aerospace And D...  

    Defence  

  • India  

    Japan  

    China  

View report >

Aerospace And Defence Industry in France

  • June 2017
    11 pages
  • Aerospace And D...  

  • France  

View report >

Aerospace And Defence Industry in New Caledonia and Germany

  • November 2017
    9 pages
  • Aerospace And D...  

  • New Caledonia  

    Germany  

View report >

Aerospace And Defence Statistics in Italy

  • June 2017
    10 pages
  • Italy  

    Europe  

View report >

Defence Industry in the UK, Monthly Update

  • November 2017
    15 pages
  • Defence  

  • United Kingdom  

    Europe  

View report >

Aerospace And Defence Industry in Canada - Forecast

  • November 2017
    14 pages
  • Aerospace And D...  

    Defence  

  • Canada  

    United States  

    North America  

View report >

Search in Aerospace And Defence Industry (About 40000 reports)
Related industries: Energy & Environment, Manufacturing, Automotive, Chemical, Construction, Materials, Mining and Quarrying

About 30000 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 75 - $ 21989)

Nanosatellite and Microsatellite Market: Global Forecast until 2022

  • $ 7150
  • 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 ...

Public Safety and Security Market: Global Forecast unti ...

November 2016 $ 7150

Maritime Safety Market: Global Forecast until 2021

November 2016 $ 7150

Nanosatellite and Microsatellite Industry: Forecasts to ...

July 2016 $ 5795

Remote Sensing Services Market: Global Forecast until 2 ...

October 2017 $ 5650

Turret System Market: Global Forecast until 2022

October 2017 $ 5650

Inertial Navigation System Market: Global Forecast unti ...

September 2017 $ 5650

CBRN Defense Market: Global Forecast until 2022

August 2017 $ 5650

Microdisplay Market: Global Forecast until 2023

August 2017 $ 5650

Aircraft Evacuation Market: Global Forecast until 2022

June 2017 $ 5650

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