The aerospace market size is poised to grow by USD 678.17 billion by 2032 from USD 321.5 billion in 2022, exhibiting a CAGR of 7.80% during the forecast period 2023-2032.
Key Takeaways
- North America contributed more than 46% of revenue share in 2022.
- Asia-Pacific region is estimated to expand the fastest CAGR between 2023 and 2032.
- By Type, the Commercial Aircraft segment has held the largest market share of 43.5% in 2022.
- By Type, the Aerospace Support segment is anticipated to grow at a remarkable CAGR of 8.5% between 2023 and 2032.
- By Size, the Narrow Body segment generated over 78.2% of revenue share in 2022.
- By Size, the Wide Body segment is expected to expand at the fastest CAGR over the projected period.
- By End-user, the Private Sector segment had the largest market share of 65.4% in 2022.
- By End-user, the Government Sector segment is expected to expand at the fastest CAGR over the projected period.
- By Operation, the Manual Aircraft segment generated over 68.5% of revenue share in 2022.
- By Operation, the Autonomous Aircraft segment is expected to expand at the fastest CAGR over the projected period.
Precedence Research has conducted a comprehensive market study that provides valuable insights into the performance of the market during the forecast period. The study identifies significant trends that are shaping the growth of the Aerospace market. In this recently published report, essential dynamics such as drivers, restraints, and opportunities are highlighted for both established market players and emerging participants involved in production and supply.
To begin with, the Aerospace Market report features an executive summary that offers a concise overview of the marketplace. It outlines the key players and industry categories expected to have an impact on the market in the coming years. The executive summary provides an unbiased summary of the market.
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Aerospace Market Scope
| Report Coverage | Details |
| Growth Rate from 2023 to 2032 | CAGR of 7.80% |
| Market Size in 2023 | USD 344.97 Billion |
| Market Size by 2032 | USD 678.17 Billion |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Type, By Size, By End User, and Operation |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
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The empirical study on the global Aerospace market primarily focuses on the drivers in subsequent sections. It demonstrates how changing demographics are projected to influence the supply and demand dynamics in the Aerospace Market. Our market report for the Aerospace market also delves into the significant rules and regulations that are likely to impact the future growth of this sector. Moreover, in order to comprehend the underlying demand factors, industry experts have provided insights into its fundamental origins.
Aerospace Market Players
- Boeing Company
- Airbus SE
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- General Dynamics Corporation
- Safran S.A.
- BAE Systems plc
- Honeywell International Inc.
- General Electric Company
- Thales Group
- Rolls-Royce Holdings plc
- United Technologies Corporation
- Leonardo S.p.A.
Data Sources and Methodology
To gather comprehensive insights on the Global Aerospace Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.
We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global Aerospace Market.
The most resonating, simple, genuine, and important causes because of which you must decide to buy the Aerospace market report exclusively from precedence research
- The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2023 to 2032.
Key Features of the Report:
- Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
- Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
- Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.
Market Segmentation:
By Type
- Commercial Aircraft
- Aircraft Maintenance
- Repair and Overhauling Services
- Aerospace Support
- Auxiliary Equipment
By Size
- Narrow Body
- Wide Body
By End User
- Private Sector
- Government Sector
By Operation
- Manual Aircraft
- Autonomous Aircraft
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Reasons to Consider Purchasing the Report:
- Enhance your market research capabilities by accessing this comprehensive and precise report on the global Aerospace market.
- Gain a thorough understanding of the overall market landscape and be prepared to overcome challenges while ensuring robust growth.
- Benefit from in-depth research and analysis of the latest trends shaping the global Aerospace market.
- Obtain detailed insights into evolving market trends, current and future technologies, and strategic approaches employed by key players in the global Aerospace market.
- Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
- Discover not only the cutting-edge technological advancements in the global Aerospace market but also the strategic plans of industry leaders.
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Aerospace Market
5.1. COVID-19 Landscape: Aerospace Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Aerospace Market, By Type
8.1. Aerospace Market Revenue and Volume Forecast, by Type, 2023-2032
8.1.1. Commercial Aircraft
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Aircraft Maintenance
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
8.1.3. Repair and Overhauling Services
8.1.3.1. Market Revenue and Volume Forecast (2020-2032)
8.1.4. Aerospace Support
8.1.4.1. Market Revenue and Volume Forecast (2020-2032)
8.1.5. Auxiliary Equipment
8.1.5.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Aerospace Market, By Size
9.1. Aerospace Market Revenue and Volume Forecast, by Size, 2023-2032
9.1.1. Narrow Body
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. Wide Body
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Aerospace Market, By End User
10.1. Aerospace Market Revenue and Volume Forecast, by End User, 2023-2032
10.1.1. Private Sector
10.1.1.1. Market Revenue and Volume Forecast (2020-2032)
10.1.2. Government Sector
10.1.2.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 11. Global Aerospace Market, By Operation
11.1. Aerospace Market Revenue and Volume Forecast, by Operation, 2023-2032
11.1.1. Manual Aircraft
11.1.1.1. Market Revenue and Volume Forecast (2020-2032)
11.1.2. Autonomous Aircraft
11.1.2.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 12. Global Aerospace Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.1.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.1.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.1.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.1.5.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.1.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.1.5.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.1.6.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.1.6.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.1.6.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.2.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.2.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.2.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.2.5.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.2.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.2.5.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.2.6.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.2.6.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.2.6.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.2.7.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.2.7.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.2.7.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.2.8.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.2.8.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.2.8.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.3.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.3.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.3.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.3.5.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.3.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.3.5.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.3.6.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.3.6.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.3.6.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.3.7.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.3.7.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.3.7.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.3.8.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.3.8.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.3.8.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.4.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.4.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.4.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.4.5.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.4.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.4.5.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.4.6.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.4.6.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.4.6.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.4.7.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.4.7.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.4.7.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.4.8.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.4.8.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.4.8.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.5.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.5.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.5.5.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.5.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.5.5.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.5.6.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.5.6.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.5.6.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
Chapter 13. Company Profiles
13.1. Boeing Company
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Airbus SE
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Lockheed Martin Corporation
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Northrop Grumman Corporation
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Raytheon Technologies Corporation
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. General Dynamics Corporation
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Safran S.A.
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. BAE Systems plc
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Honeywell International Inc.
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. General Electric Company
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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