Aerospace & Defense Global Industry Guide 2020-2029
Global Aerospace & Defense industry profile provides top-line qualitative and quantitative summary information including: market size (value , and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Key Highlights
- Market size of the aerospace & defense sector includes the sum of the revenues generated from military signed deals that remain under contract and new contracts signed within a particular calendar year.
- The market is segmented into military aircraft, military vehicles, naval vessels, and systems & ordnance. The military aircraft segment covers aircraft engines, aviation MRO, defense helicopters, military avionics, rotorcraft, satellites, UAVs, etc. The military vehicles segment includes armored vehicles and related MRO operations, unmanned ground vehicles, vehicle armour, etc. Naval vessels segment includes maritime and border security, naval engines, naval vessels and related MRO operations, submarines and related MRO operations, and any other undersea warfare. Systems & ordnance segment includes ammunition, artillery, biometric systems, body armor, communications equipment, cybersecurity, electronic warfare, navigational systems, radars, IT and computing systems, simulation systems, missiles and missile defense systems, all ordnance and guns, soldier modernization, communications, vetronics, INS GNSS, underwater warfare systems, etc.
- All market data and forecasts are based on nominal prices, and all currency conversions used in the creation of this report have been calculated using yearly average exchange rates. The USD values may show a declining trend for a few countries, such as Argentina, Turkey, Nigeria, Egypt, and Russia. This is primarily because of the impact of exchange rates considered.
- The global aerospace & defense sector recorded revenues of $420 billion in 2024, representing a compound annual growth rate (CAGR) of 6.2% between 2019 and 2024.
- The systems & ordnance segment accounted for the sector's largest proportion in 2024, with total revenues of $175.7 billion, equivalent to 41.8% of the sector's overall value.
- In 2024, North America accounted for 40.4% share of the global aerospace & defense sector, making it the largest region globally. It was followed by Europe with 26.1% and Asia-Pacific with 27.0%.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global aerospace & defense market
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global aerospace & defense market
- Leading company profiles reveal details of key aerospace & defense market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the global aerospace & defense market with five year forecasts
- What was the size of the global aerospace & defense market by value in 2024?
- What will be the size of the global aerospace & defense market in 2029?
- What factors are affecting the strength of competition in the global aerospace & defense market?
- How has the market performed over the last five years?
- What are the main segments that make up the global aerospace & defense market?
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Competitive landscape
2 INTRODUCTION
2.1. What is this report about?
2.2. Who is the target reader?
2.3. How to use this report
2.4. Definitions
3 GLOBAL AEROSPACE & DEFENSE
3.1. Market Overview
3.2. Market Data
3.3. Market Segmentation
3.4. Market outlook
3.5. Five forces analysis
4 MACROECONOMIC INDICATORS
4.1. Country data
5 AEROSPACE & DEFENSE IN ASIA-PACIFIC
5.1. Market Overview
5.2. Market Data
5.3. Market Segmentation
5.4. Market outlook
5.5. Five forces analysis
6 AEROSPACE & DEFENSE IN EUROPE
6.1. Market Overview
6.2. Market Data
6.3. Market Segmentation
6.4. Market outlook
6.5. Five forces analysis
7 MACROECONOMIC INDICATORS
7.1. Country data
8 AEROSPACE & DEFENSE IN FRANCE
8.1. Market Overview
8.2. Market Data
8.3. Market Segmentation
8.4. Market outlook
8.5. Five forces analysis
9 MACROECONOMIC INDICATORS
9.1. Country data
10 AEROSPACE & DEFENSE IN GERMANY
10.1. Market Overview
10.2. Market Data
10.3. Market Segmentation
10.4. Market outlook
10.5. Five forces analysis
11 MACROECONOMIC INDICATORS
11.1. Country data
12 AEROSPACE & DEFENSE IN ITALY
12.1. Market Overview
12.2. Market Data
12.3. Market Segmentation
12.4. Market outlook
12.5. Five forces analysis
13 MACROECONOMIC INDICATORS
13.1. Country data
14 AEROSPACE & DEFENSE IN JAPAN
14.1. Market Overview
14.2. Market Data
14.3. Market Segmentation
14.4. Market outlook
14.5. Five forces analysis
15 MACROECONOMIC INDICATORS
15.1. Country data
16 AEROSPACE & DEFENSE IN AUSTRALIA
16.1. Market Overview
16.2. Market Data
16.3. Market Segmentation
16.4. Market outlook
16.5. Five forces analysis
17 MACROECONOMIC INDICATORS
17.1. Country data
18 AEROSPACE & DEFENSE IN CANADA
18.1. Market Overview
18.2. Market Data
18.3. Market Segmentation
18.4. Market outlook
18.5. Five forces analysis
19 MACROECONOMIC INDICATORS
19.1. Country data
20 AEROSPACE & DEFENSE IN CHINA
20.1. Market Overview
20.2. Market Data
20.3. Market Segmentation
20.4. Market outlook
20.5. Five forces analysis
21 MACROECONOMIC INDICATORS
21.1. Country data
22 AEROSPACE & DEFENSE IN THE NETHERLANDS
22.1. Market Overview
22.2. Market Data
22.3. Market Segmentation
22.4. Market outlook
22.5. Five forces analysis
23 MACROECONOMIC INDICATORS
23.1. Country data
24 AEROSPACE & DEFENSE IN SPAIN
24.1. Market Overview
24.2. Market Data
24.3. Market Segmentation
24.4. Market outlook
24.5. Five forces analysis
25 MACROECONOMIC INDICATORS
25.1. Country data
26 AEROSPACE & DEFENSE IN THE UNITED KINGDOM
26.1. Market Overview
26.2. Market Data
26.3. Market Segmentation
26.4. Market outlook
26.5. Five forces analysis
27 MACROECONOMIC INDICATORS
27.1. Country data
28 AEROSPACE & DEFENSE IN THE UNITED STATES
28.1. Market Overview
28.2. Market Data
28.3. Market Segmentation
28.4. Market outlook
28.5. Five forces analysis
29 MACROECONOMIC INDICATORS
29.1. Country data
30 COMPANY PROFILES
30.1. L3Harris Technologies Inc
30.2. CAE Inc
30.3. Lockheed Martin Corp
30.4. Bombardier Inc
30.5. Dassault Aviation SA
30.6. Safran SA
30.7. Thales SA
30.8. Airbus SE
30.9. Rheinmetall AG
30.10. Airbus Defence and Space GmbH
30.11. MTU Aero Engines AG
30.12. Hensoldt Holding Germany GmbH
30.13. Leonardo SpA
30.14. The Boeing Co
30.15. Avio SpA
30.16. Fincantieri SpA
30.17. IHI Corp
30.18. Mitsubishi Heavy Industries Ltd
30.19. NEC Corp
30.20. Kawasaki Heavy Industries Ltd
30.21. United Aircraft Corp
30.22. United Shipbuilding Corp
30.23. Russian Helicopters JSC
30.24. Tactical Missiles Corp
30.25. BAE Systems Plc
30.26. Rolls-Royce Holdings Plc
30.27. Leonardo UK Ltd
30.28. QinetiQ Group Plc
30.29. RTX Corp
30.30. General Dynamics Corp
30.31. Northrop Grumman Corp
30.32. Embraer SA
30.33. Taurus Armas SA
30.34. Aviation Industry Corp of China Ltd
30.35. China North Industries Group Corp Ltd
30.36. China Aerospace Science and Industry Corp
30.37. China Aerospace Science and Technology Corp
30.38. Bharat Dynamics Ltd
30.39. Bharat Electronics Ltd
30.40. Hindustan Aeronautics Ltd
30.41. Mazagon Dock Shipbuilders Ltd
30.42. Rheinmetall Denel Munition (Pty) Ltd
30.43. Paramount Group
30.44. Denel SOC Ltd
30.45. Singapore Technologies Engineering Ltd
30.46. Korea Aerospace Industries Ltd
30.47. Patria Oyj
30.48. PT Dirgantara Indonesia
30.49. Lion Air
30.50. PT PAL Indonesia
30.51. Kongsberg Gruppen ASA
30.52. Nammo AS
30.53. SIA Engineering Co Ltd
30.54. Hanwha Defense
30.55. LIG Nex1 Co Ltd
30.56. Hyundai Rotem Co
30.57. Navantia SA
30.58. Airbus Military Sl
30.59. Swedish Space Corp
30.60. Saab AB
30.61. Turkish Aerospace Industries Inc
30.62. Baykar Technologies
30.63. Aselsan Elektronik Sanayi Ve Ticaret AS
30.64. Boeing Defence Australia Ltd
30.65. Lockheed Martin Australia Pty Ltd
30.66. BAE Systems Australia Ltd
30.67. Satair AS
30.68. Systematic AS
30.69. Terma AS
31 APPENDIX
31.1. Methodology
31.2. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Competitive landscape
2 INTRODUCTION
2.1. What is this report about?
2.2. Who is the target reader?
2.3. How to use this report
2.4. Definitions
3 GLOBAL AEROSPACE & DEFENSE
3.1. Market Overview
3.2. Market Data
3.3. Market Segmentation
3.4. Market outlook
3.5. Five forces analysis
4 MACROECONOMIC INDICATORS
4.1. Country data
5 AEROSPACE & DEFENSE IN ASIA-PACIFIC
5.1. Market Overview
5.2. Market Data
5.3. Market Segmentation
5.4. Market outlook
5.5. Five forces analysis
6 AEROSPACE & DEFENSE IN EUROPE
6.1. Market Overview
6.2. Market Data
6.3. Market Segmentation
6.4. Market outlook
6.5. Five forces analysis
7 MACROECONOMIC INDICATORS
7.1. Country data
8 AEROSPACE & DEFENSE IN FRANCE
8.1. Market Overview
8.2. Market Data
8.3. Market Segmentation
8.4. Market outlook
8.5. Five forces analysis
9 MACROECONOMIC INDICATORS
9.1. Country data
10 AEROSPACE & DEFENSE IN GERMANY
10.1. Market Overview
10.2. Market Data
10.3. Market Segmentation
10.4. Market outlook
10.5. Five forces analysis
11 MACROECONOMIC INDICATORS
11.1. Country data
12 AEROSPACE & DEFENSE IN ITALY
12.1. Market Overview
12.2. Market Data
12.3. Market Segmentation
12.4. Market outlook
12.5. Five forces analysis
13 MACROECONOMIC INDICATORS
13.1. Country data
14 AEROSPACE & DEFENSE IN JAPAN
14.1. Market Overview
14.2. Market Data
14.3. Market Segmentation
14.4. Market outlook
14.5. Five forces analysis
15 MACROECONOMIC INDICATORS
15.1. Country data
16 AEROSPACE & DEFENSE IN AUSTRALIA
16.1. Market Overview
16.2. Market Data
16.3. Market Segmentation
16.4. Market outlook
16.5. Five forces analysis
17 MACROECONOMIC INDICATORS
17.1. Country data
18 AEROSPACE & DEFENSE IN CANADA
18.1. Market Overview
18.2. Market Data
18.3. Market Segmentation
18.4. Market outlook
18.5. Five forces analysis
19 MACROECONOMIC INDICATORS
19.1. Country data
20 AEROSPACE & DEFENSE IN CHINA
20.1. Market Overview
20.2. Market Data
20.3. Market Segmentation
20.4. Market outlook
20.5. Five forces analysis
21 MACROECONOMIC INDICATORS
21.1. Country data
22 AEROSPACE & DEFENSE IN THE NETHERLANDS
22.1. Market Overview
22.2. Market Data
22.3. Market Segmentation
22.4. Market outlook
22.5. Five forces analysis
23 MACROECONOMIC INDICATORS
23.1. Country data
24 AEROSPACE & DEFENSE IN SPAIN
24.1. Market Overview
24.2. Market Data
24.3. Market Segmentation
24.4. Market outlook
24.5. Five forces analysis
25 MACROECONOMIC INDICATORS
25.1. Country data
26 AEROSPACE & DEFENSE IN THE UNITED KINGDOM
26.1. Market Overview
26.2. Market Data
26.3. Market Segmentation
26.4. Market outlook
26.5. Five forces analysis
27 MACROECONOMIC INDICATORS
27.1. Country data
28 AEROSPACE & DEFENSE IN THE UNITED STATES
28.1. Market Overview
28.2. Market Data
28.3. Market Segmentation
28.4. Market outlook
28.5. Five forces analysis
29 MACROECONOMIC INDICATORS
29.1. Country data
30 COMPANY PROFILES
30.1. L3Harris Technologies Inc
30.2. CAE Inc
30.3. Lockheed Martin Corp
30.4. Bombardier Inc
30.5. Dassault Aviation SA
30.6. Safran SA
30.7. Thales SA
30.8. Airbus SE
30.9. Rheinmetall AG
30.10. Airbus Defence and Space GmbH
30.11. MTU Aero Engines AG
30.12. Hensoldt Holding Germany GmbH
30.13. Leonardo SpA
30.14. The Boeing Co
30.15. Avio SpA
30.16. Fincantieri SpA
30.17. IHI Corp
30.18. Mitsubishi Heavy Industries Ltd
30.19. NEC Corp
30.20. Kawasaki Heavy Industries Ltd
30.21. United Aircraft Corp
30.22. United Shipbuilding Corp
30.23. Russian Helicopters JSC
30.24. Tactical Missiles Corp
30.25. BAE Systems Plc
30.26. Rolls-Royce Holdings Plc
30.27. Leonardo UK Ltd
30.28. QinetiQ Group Plc
30.29. RTX Corp
30.30. General Dynamics Corp
30.31. Northrop Grumman Corp
30.32. Embraer SA
30.33. Taurus Armas SA
30.34. Aviation Industry Corp of China Ltd
30.35. China North Industries Group Corp Ltd
30.36. China Aerospace Science and Industry Corp
30.37. China Aerospace Science and Technology Corp
30.38. Bharat Dynamics Ltd
30.39. Bharat Electronics Ltd
30.40. Hindustan Aeronautics Ltd
30.41. Mazagon Dock Shipbuilders Ltd
30.42. Rheinmetall Denel Munition (Pty) Ltd
30.43. Paramount Group
30.44. Denel SOC Ltd
30.45. Singapore Technologies Engineering Ltd
30.46. Korea Aerospace Industries Ltd
30.47. Patria Oyj
30.48. PT Dirgantara Indonesia
30.49. Lion Air
30.50. PT PAL Indonesia
30.51. Kongsberg Gruppen ASA
30.52. Nammo AS
30.53. SIA Engineering Co Ltd
30.54. Hanwha Defense
30.55. LIG Nex1 Co Ltd
30.56. Hyundai Rotem Co
30.57. Navantia SA
30.58. Airbus Military Sl
30.59. Swedish Space Corp
30.60. Saab AB
30.61. Turkish Aerospace Industries Inc
30.62. Baykar Technologies
30.63. Aselsan Elektronik Sanayi Ve Ticaret AS
30.64. Boeing Defence Australia Ltd
30.65. Lockheed Martin Australia Pty Ltd
30.66. BAE Systems Australia Ltd
30.67. Satair AS
30.68. Systematic AS
30.69. Terma AS
31 APPENDIX
31.1. Methodology
31.2. About MarketLine
LIST OF TABLES
Table 1: Global aerospace & defense sector value: $ million, 2019-24
Table 2: Global aerospace & defense sector category segmentation: $ million, 2024
Table 3: Global aerospace & defense sector geography segmentation: $ million, 2024
Table 4: Global aerospace & defense sector value forecast: $ million, 2024-29
Table 5: Global Size of Population (Million), 2020-24
Table 6: Global Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 7: Global GDP (Current Prices, $ Billion), 2020-24
Table 8: Global Inflation, 2020-24
Table 9: Global Consumer Price Index (Absolute), 2020-24
Table 10: Global Exchange Rate, 2019-24
Table 11: Asia-Pacific aerospace & defense sector value: $ million, 2019-24
Table 12: Asia-Pacific aerospace & defense sector category segmentation: $ million, 2024
Table 13: Asia-Pacific aerospace & defense sector geography segmentation: $ million, 2024
Table 14: Asia-Pacific aerospace & defense sector value forecast: $ million, 2024-29
Table 15: Europe aerospace & defense sector value: $ million, 2019-24
Table 16: Europe aerospace & defense sector category segmentation: $ million, 2024
Table 17: Europe aerospace & defense sector geography segmentation: $ million, 2024
Table 18: Europe aerospace & defense sector value forecast: $ million, 2024-29
Table 19: Europe Size of Population (Million), 2020-24
Table 20: Europe Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 21: Europe GDP (Current Prices, $ Billion), 2020-24
Table 22: Europe Inflation, 2020-24
Table 23: Europe Consumer Price Index (Absolute), 2020-24
Table 24: Europe Exchange Rate, 2019-24
Table 25: France aerospace & defense sector value: $ million, 2019-24
Table 26: France aerospace & defense sector category segmentation: $ million, 2024
Table 27: France aerospace & defense sector geography segmentation: $ million, 2024
Table 28: France aerospace & defense sector value forecast: $ million, 2024-29
Table 29: France Size of Population (Million), 2020-24
Table 30: France Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 31: France GDP (Current Prices, $ Billion), 2020-24
Table 32: France Inflation, 2020-24
Table 33: France Consumer Price Index (Absolute), 2020-24
Table 34: France Exchange Rate, 2019-24
Table 35: Germany aerospace & defense sector value: $ million, 2019-24
Table 36: Germany aerospace & defense sector category segmentation: $ million, 2024
Table 37: Germany aerospace & defense sector geography segmentation: $ million, 2024
Table 38: Germany aerospace & defense sector value forecast: $ million, 2024-29
Table 39: Germany Size of Population (Million), 2020-24
Table 40: Germany Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 41: Germany GDP (Current Prices, $ Billion), 2020-24
Table 42: Germany Inflation, 2020-24
Table 43: Germany Consumer Price Index (Absolute), 2020-24
Table 44: Germany Exchange Rate, 2019-24
Table 45: Italy aerospace & defense sector value: $ million, 2019-24
Table 46: Italy aerospace & defense sector category segmentation: $ million, 2024
Table 47: Italy aerospace & defense sector geography segmentation: $ million, 2024
Table 48: Italy aerospace & defense sector value forecast: $ million, 2024-29
Table 49: Italy Size of Population (Million), 2020-24
Table 50: Italy Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 51: Italy GDP (Current Prices, $ Billion), 2020-24
Table 52: Italy Inflation, 2020-24
Table 53: Italy Consumer Price Index (Absolute), 2020-24
Table 54: Italy Exchange Rate, 2019-24
Table 55: Japan aerospace & defense sector value: $ million, 2019-24
Table 56: Japan aerospace & defense sector category segmentation: $ million, 2024
Table 57: Japan aerospace & defense sector geography segmentation: $ million, 2024
Table 58: Japan aerospace & defense sector value forecast: $ million, 2024-29
Table 59: Japan Size of Population (Million), 2020-24
Table 60: Japan Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 61: Japan GDP (Current Prices, $ Billion), 2020-24
Table 62: Japan Inflation, 2020-24
Table 63: Japan Consumer Price Index (Absolute), 2020-24
Table 64: Japan Exchange Rate, 2019-24
Table 65: Australia aerospace & defense sector value: $ million, 2019-24
Table 66: Australia aerospace & defense sector category segmentation: $ million, 2024
Table 67: Australia aerospace & defense sector geography segmentation: $ million, 2024
Table 68: Australia aerospace & defense sector value forecast: $ million, 2024-29
Table 69: Australia Size of Population (Million), 2020-24
Table 70: Australia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 71: Australia GDP (Current Prices, $ Billion), 2020-24
Table 72: Australia Inflation, 2020-24
Table 73: Australia Consumer Price Index (Absolute), 2020-24
Table 74: Australia Exchange Rate, 2019-24
Table 75: Canada aerospace & defense sector value: $ million, 2019-24
Table 76: Canada aerospace & defense sector category segmentation: $ million, 2024
Table 77: Canada aerospace & defense sector geography segmentation: $ million, 2024
Table 78: Canada aerospace & defense sector value forecast: $ million, 2024-29
Table 79: Canada Size of Population (Million), 2020-24
Table 80: Canada Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 81: Canada GDP (Current Prices, $ Billion), 2020-24
Table 82: Canada Inflation, 2020-24
Table 83: Canada Consumer Price Index (Absolute), 2020-24
Table 84: Canada Exchange Rate, 2019-24
Table 85: China aerospace & defense sector value: $ million, 2019-24
Table 86: China aerospace & defense sector category segmentation: $ million, 2024
Table 87: China aerospace & defense sector geography segmentation: $ million, 2024
Table 88: China aerospace & defense sector value forecast: $ million, 2024-29
Table 89: China Size of Population (Million), 2020-24
Table 90: China Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 91: China GDP (Current Prices, $ Billion), 2020-24
Table 92: China Inflation, 2020-24
Table 93: China Consumer Price Index (Absolute), 2020-24
Table 94: China Exchange Rate, 2019-24
Table 95: Netherlands aerospace & defense sector value: $ million, 2019-24
Table 96: Netherlands aerospace & defense sector category segmentation: $ million, 2024
Table 97: Netherlands aerospace & defense sector geography segmentation: $ million, 2024
Table 98: Netherlands aerospace & defense sector value forecast: $ million, 2024-29
Table 99: Netherlands Size of Population (Million), 2020-24
Table 100: Netherlands Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 101: Netherlands GDP (Current Prices, $ Billion), 2020-24
Table 102: Netherlands Inflation, 2020-24
Table 103: Netherlands Consumer Price Index (Absolute), 2020-24
Table 104: Netherlands Exchange Rate, 2019-24
Table 105: Spain aerospace & defense sector value: $ million, 2019-24
Table 106: Spain aerospace & defense sector category segmentation: $ million, 2024
Table 107: Spain aerospace & defense sector geography segmentation: $ million, 2024
Table 108: Spain aerospace & defense sector value forecast: $ million, 2024-29
Table 109: Spain Size of Population (Million), 2020-24
Table 110: Spain Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 111: Spain GDP (Current Prices, $ Billion), 2020-24
Table 112: Spain Inflation, 2020-24
Table 113: Spain Consumer Price Index (Absolute), 2020-24
Table 114: Spain Exchange Rate, 2019-24
Table 1: Global aerospace & defense sector value: $ million, 2019-24
Table 2: Global aerospace & defense sector category segmentation: $ million, 2024
Table 3: Global aerospace & defense sector geography segmentation: $ million, 2024
Table 4: Global aerospace & defense sector value forecast: $ million, 2024-29
Table 5: Global Size of Population (Million), 2020-24
Table 6: Global Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 7: Global GDP (Current Prices, $ Billion), 2020-24
Table 8: Global Inflation, 2020-24
Table 9: Global Consumer Price Index (Absolute), 2020-24
Table 10: Global Exchange Rate, 2019-24
Table 11: Asia-Pacific aerospace & defense sector value: $ million, 2019-24
Table 12: Asia-Pacific aerospace & defense sector category segmentation: $ million, 2024
Table 13: Asia-Pacific aerospace & defense sector geography segmentation: $ million, 2024
Table 14: Asia-Pacific aerospace & defense sector value forecast: $ million, 2024-29
Table 15: Europe aerospace & defense sector value: $ million, 2019-24
Table 16: Europe aerospace & defense sector category segmentation: $ million, 2024
Table 17: Europe aerospace & defense sector geography segmentation: $ million, 2024
Table 18: Europe aerospace & defense sector value forecast: $ million, 2024-29
Table 19: Europe Size of Population (Million), 2020-24
Table 20: Europe Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 21: Europe GDP (Current Prices, $ Billion), 2020-24
Table 22: Europe Inflation, 2020-24
Table 23: Europe Consumer Price Index (Absolute), 2020-24
Table 24: Europe Exchange Rate, 2019-24
Table 25: France aerospace & defense sector value: $ million, 2019-24
Table 26: France aerospace & defense sector category segmentation: $ million, 2024
Table 27: France aerospace & defense sector geography segmentation: $ million, 2024
Table 28: France aerospace & defense sector value forecast: $ million, 2024-29
Table 29: France Size of Population (Million), 2020-24
Table 30: France Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 31: France GDP (Current Prices, $ Billion), 2020-24
Table 32: France Inflation, 2020-24
Table 33: France Consumer Price Index (Absolute), 2020-24
Table 34: France Exchange Rate, 2019-24
Table 35: Germany aerospace & defense sector value: $ million, 2019-24
Table 36: Germany aerospace & defense sector category segmentation: $ million, 2024
Table 37: Germany aerospace & defense sector geography segmentation: $ million, 2024
Table 38: Germany aerospace & defense sector value forecast: $ million, 2024-29
Table 39: Germany Size of Population (Million), 2020-24
Table 40: Germany Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 41: Germany GDP (Current Prices, $ Billion), 2020-24
Table 42: Germany Inflation, 2020-24
Table 43: Germany Consumer Price Index (Absolute), 2020-24
Table 44: Germany Exchange Rate, 2019-24
Table 45: Italy aerospace & defense sector value: $ million, 2019-24
Table 46: Italy aerospace & defense sector category segmentation: $ million, 2024
Table 47: Italy aerospace & defense sector geography segmentation: $ million, 2024
Table 48: Italy aerospace & defense sector value forecast: $ million, 2024-29
Table 49: Italy Size of Population (Million), 2020-24
Table 50: Italy Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 51: Italy GDP (Current Prices, $ Billion), 2020-24
Table 52: Italy Inflation, 2020-24
Table 53: Italy Consumer Price Index (Absolute), 2020-24
Table 54: Italy Exchange Rate, 2019-24
Table 55: Japan aerospace & defense sector value: $ million, 2019-24
Table 56: Japan aerospace & defense sector category segmentation: $ million, 2024
Table 57: Japan aerospace & defense sector geography segmentation: $ million, 2024
Table 58: Japan aerospace & defense sector value forecast: $ million, 2024-29
Table 59: Japan Size of Population (Million), 2020-24
Table 60: Japan Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 61: Japan GDP (Current Prices, $ Billion), 2020-24
Table 62: Japan Inflation, 2020-24
Table 63: Japan Consumer Price Index (Absolute), 2020-24
Table 64: Japan Exchange Rate, 2019-24
Table 65: Australia aerospace & defense sector value: $ million, 2019-24
Table 66: Australia aerospace & defense sector category segmentation: $ million, 2024
Table 67: Australia aerospace & defense sector geography segmentation: $ million, 2024
Table 68: Australia aerospace & defense sector value forecast: $ million, 2024-29
Table 69: Australia Size of Population (Million), 2020-24
Table 70: Australia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 71: Australia GDP (Current Prices, $ Billion), 2020-24
Table 72: Australia Inflation, 2020-24
Table 73: Australia Consumer Price Index (Absolute), 2020-24
Table 74: Australia Exchange Rate, 2019-24
Table 75: Canada aerospace & defense sector value: $ million, 2019-24
Table 76: Canada aerospace & defense sector category segmentation: $ million, 2024
Table 77: Canada aerospace & defense sector geography segmentation: $ million, 2024
Table 78: Canada aerospace & defense sector value forecast: $ million, 2024-29
Table 79: Canada Size of Population (Million), 2020-24
Table 80: Canada Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 81: Canada GDP (Current Prices, $ Billion), 2020-24
Table 82: Canada Inflation, 2020-24
Table 83: Canada Consumer Price Index (Absolute), 2020-24
Table 84: Canada Exchange Rate, 2019-24
Table 85: China aerospace & defense sector value: $ million, 2019-24
Table 86: China aerospace & defense sector category segmentation: $ million, 2024
Table 87: China aerospace & defense sector geography segmentation: $ million, 2024
Table 88: China aerospace & defense sector value forecast: $ million, 2024-29
Table 89: China Size of Population (Million), 2020-24
Table 90: China Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 91: China GDP (Current Prices, $ Billion), 2020-24
Table 92: China Inflation, 2020-24
Table 93: China Consumer Price Index (Absolute), 2020-24
Table 94: China Exchange Rate, 2019-24
Table 95: Netherlands aerospace & defense sector value: $ million, 2019-24
Table 96: Netherlands aerospace & defense sector category segmentation: $ million, 2024
Table 97: Netherlands aerospace & defense sector geography segmentation: $ million, 2024
Table 98: Netherlands aerospace & defense sector value forecast: $ million, 2024-29
Table 99: Netherlands Size of Population (Million), 2020-24
Table 100: Netherlands Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 101: Netherlands GDP (Current Prices, $ Billion), 2020-24
Table 102: Netherlands Inflation, 2020-24
Table 103: Netherlands Consumer Price Index (Absolute), 2020-24
Table 104: Netherlands Exchange Rate, 2019-24
Table 105: Spain aerospace & defense sector value: $ million, 2019-24
Table 106: Spain aerospace & defense sector category segmentation: $ million, 2024
Table 107: Spain aerospace & defense sector geography segmentation: $ million, 2024
Table 108: Spain aerospace & defense sector value forecast: $ million, 2024-29
Table 109: Spain Size of Population (Million), 2020-24
Table 110: Spain Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 111: Spain GDP (Current Prices, $ Billion), 2020-24
Table 112: Spain Inflation, 2020-24
Table 113: Spain Consumer Price Index (Absolute), 2020-24
Table 114: Spain Exchange Rate, 2019-24
Increasing global tensions and civilian aviation demand will accelerate demand for this market toward 2021. The global aerospace & defense market had total revenues of $865.6bn in 2016, representing a compound annual growth rate (CAGR) of 2.2% between 2012 and 2016. In comparison, the Asia-Pacific market increased with a CAGR of 8.4%, and the US market declined with a compound annual rate of change (CARC) of -1.9%, over the same period, to reach respective values of $228.0bn and $345.6bn in 2016.
Global demand for civilian aircraft has grown, most notably in developing Asian economies. Defense spending has increased in some countries, but for the most part developed economies have been neglecting their military budgets due to budget constraints.
Defense spending is on the rise globally. The Trump administration has committed to spending more, while major regional powers such as Saudi Arabia, Russia, and China all improve capabilities, prompting similar reactions in neighboring countries. Eastern Europe, the middle East, and the South China Sea are potential flashpoints for conflict in the forecast period.
