Aerospace Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Aerospace Market: By Type (Commercial Aircraft, Aircraft Maintenance, Repair And Overhauling Services, Aerospace Support and Auxiliary Equipment), By Size (Narrow Body, Wide Body, Regional), By End User (Private Sector, Government), By Operation (Manual, Autonomous Aircraft) and Geography

 

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Report

Description

Aerospace Market size is valued at USD 286.7 billion in 2021 and is expected to grow at a significant CAGR of 8.6% during the forecast period 2022 to 2028. The global market provides a detailed overview of the Aerospace Market and that can be segmented by type, by size, end-user, and by operation. By type, the aerospace market has been segmented into Commercial Aircraft, Aircraft Maintenance, Repair and Overhauling Services, Aerospace Support, and Auxiliary Equipment. The commercial aircraft segment is likely to be the largest and fastest-growing segment in terms of type. Based on size, Aerospace market is segmented into Narrow Body, Wide Body, Regional.  Among these, the narrow body segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on end user, the aerospace market is segmented into Private Sector, Government. The private sector segment accounts for the largest share in 2021. Government is the second-largest share during the forecast period 2021-2028. Based on the operation, the market has been segregated into Manual, Autonomous Aircraft. The Manual segment is expected to dominate other segments in the aerospace market. The manual segment is expected to witness the highest CAGR during the forecast period according to Precision Business Insights.

Key Development

In December 2019, Solvay and SGL Carbon entered into a joint development agreement (JDA) to bring to market the first composite materials based on large-tow intermediate modulus (IM) carbon fiber. These materials address the need to reduce costs and CO2 emissions and improve the production process and fuel efficiency of next-generation commercial aircraft.

Aerospace Market

MARKET SUMMARY
-
8.6%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 8.6%
  • Largest Market– North American
  • Fastest Growing Market– Asia-Pacific

Aerospace Market

  • The aerospace market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The aerospace market market is segmented based on type, size, end user, operation and geography.
Key Players
  • The Boeing Company
  • United Technologies Corporation
  • Crane Aerospace & Electronics
  • General Electric Company
  • Safran S.A.
Aerospace Market Drivers

The market is growing due to the superior performance properties of aerospace materials, their ability to survive in harsh conditions, and increasing demand for newer aircrafts.


Asia Pacific Got Significant Share

Aerospace Market

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Aerospace Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The aerospace market is projected to expand at a CAGR of 8.6% during the forecast period

The major players in the global aerospace market are Boeing Company, United Technologies Corporation, Crane Aerospace & Electronics, General Electric Company, Safran S.A., Rolls-Royce Holdings plc, General Dynamics Corp., and Honeywell International Inc., Bombardier Inc.

North America market is the fastest-growing region for aerospace market


Report

Table Of Content

1. Executive Summary
2. Global Aerospace Market Introduction
2.1. Global Aerospace Market – Taxonomy
2.2. Global Aerospace Market –Definitions
2.2.1. By Type
2.2.2. By Size
2.2.3. By End User
2.2.4. By Operation
2.2.5. By Region
3. Global Aerospace Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Aerospace Market Dynamic Factors – Impact Analysis
3.6. Global Aerospace Market – Competition Landscape
4. Global Aerospace Market Analysis, 2017-2021 and Forecast, 2022-2028
4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Aerospace Market, By Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. Commercial Aircraft
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Aircraft Maintenance
5.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Repair And Overhauling Services
5.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Aerospace Support and Auxiliary Equipment
5.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
6. Global Aerospace Market, By Size, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1. Narrow Body
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Wide Body
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Regional
6.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
7. Global Aerospace Market, By End User, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. Private Sector
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Government
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
8. Global Aerospace Market, By Operation, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. Manual
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Autonomous Aircraft
8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
9. Global Aerospace Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Aerospace Market – Opportunity Analysis Index, By Type, By Size, By Aerospace, By Operation, and Region, 2022-2028
10. North America Aerospace Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Commercial Aircraft
10.1.2. Aircraft Maintenance
10.1.3. Repair And Overhauling Services
10.1.4. Aerospace Support and Auxiliary Equipment
10.2. Size Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Narrow Body
10.2.2. Wide Body
10.2.3. Regional
10.3. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Private Sector
10.3.2. Government
10.4. Operation Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Manual
10.4.2. Autonomous Aircraft
10.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America Aerospace Market – Opportunity Analysis Index, By Type, By Size, By End User, By Operation, and Country, 2022-2028
10.7. North America Aerospace Market Dynamics – Trends
11. Europe Aerospace Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Commercial Aircraft
11.1.2. Aircraft Maintenance
11.1.3. Repair And Overhauling Services
11.1.4. Aerospace Support and Auxiliary Equipment
11.2. Size Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Narrow Body
11.2.2. Wide Body
11.2.3. Regional
11.3. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Private Sector
11.3.2. Government
11.4. Operation Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Manual
11.4.2. Autonomous Aircraft
11.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Russia
11.5.7. Rest of Europe
11.6. Europe Aerospace Market – Opportunity Analysis Index, By Type, Size, End User, Operation, and Country, 2022-2028
11.7. Europe Aerospace Market Dynamics – Trends
12. Asia-Pacific Aerospace Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
12.1. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Commercial Aircraft
12.1.2. Aircraft Maintenance
12.1.3. Repair And Overhauling Services
12.1.4. Aerospace Support and Auxiliary Equipment
12.2. Size Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Narrow Body
12.2.2. Wide Body
12.2.3. Regional
12.3. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Private Sector
12.3.2. Government
12.4. Operation Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Manual
12.4.2. Autonomous Aircraft
12.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. China
12.5.2. India
12.5.3. Japan
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Aerospace Market – Opportunity Analysis Index, By Type, Size, End User, Operation, and Country, 2022-2028
12.7. Asia-Pacific Aerospace Market Dynamics – Trends
13. Latin America Aerospace Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
13.1. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Commercial Aircraft
13.1.2. Aircraft Maintenance
13.1.3. Repair And Overhauling Services
13.1.4. Aerospace Support and Auxiliary Equipment
13.2. Size Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Narrow Body
13.2.2. Wide Body
13.2.3. Regional
13.3. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Private Sector
13.3.2. Government
13.4. Operation Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Manual
13.4.2. Autonomous Aircraft
13.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Latin America Aerospace Market – Opportunity Analysis Index, By Type, Size, End User, Operation, and Country, 2022-2028
13.7. Latin America Aerospace Market Dynamics – Trends
14. Middle East and Africa Aerospace Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
14.1. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Commercial Aircraft
14.1.2. Aircraft Maintenance
14.1.3. Repair And Overhauling Services
14.1.4. Aerospace Support and Auxiliary Equipment
14.2. Size Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. Narrow Body
14.2.2. Wide Body
14.2.3. Regional
14.3. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Private Sector
14.3.2. Government
14.4. Operation Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Manual
14.4.2. Autonomous Aircraft
14.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. South Africa
14.5.3. Rest of MEA
14.6. MEA Aerospace Market – Opportunity Analysis Index, By Type, Size, End User, Operation, and Country, 2022-2028
14.7. MEA Aerospace Market Dynamics – Trends
15. Competition Landscape 
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Key Types, Key Developments, Strategies, and SWOT Analysis)
15.2.1. The Boeing Company
15.2.2. United Technologies Corporation
15.2.3. Crane Aerospace & Electronics
15.2.4. General Electric Company
15.2.5. Safran S.A.
15.2.6. Rolls-Royce Holdings plc
15.2.7. General Dynamics Corp.
15.2.8. Honeywell International Inc.
15.2.9. Bombardier Inc.
16. Research Methodology
17. Key Assumptions and Acronyms

Report

Company Profile

  • The Boeing Company
  • United Technologies Corporation
  • Crane Aerospace & Electronics
  • General Electric Company
  • Safran S.A.
  • Rolls-Royce Holdings plc
  • General Dynamics Corp.
  • Honeywell International Inc.
  • Bombardier Inc.

Description

Aerospace Market size is valued at USD 286.7 billion in 2021 and is expected to grow at a significant CAGR of 8.6% during the forecast period 2022 to 2028. The global market provides a detailed overview of the Aerospace Market and that can be segmented by type, by size, end-user, and by operation. By type, the aerospace market has been segmented into Commercial Aircraft, Aircraft Maintenance, Repair and Overhauling Services, Aerospace Support, and Auxiliary Equipment. The commercial aircraft segment is likely to be the largest and fastest-growing segment in terms of type. Based on size, Aerospace market is segmented into Narrow Body, Wide Body, Regional.  Among these, the narrow body segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on end user, the aerospace market is segmented into Private Sector, Government. The private sector segment accounts for the largest share in 2021. Government is the second-largest share during the forecast period 2021-2028. Based on the operation, the market has been segregated into Manual, Autonomous Aircraft. The Manual segment is expected to dominate other segments in the aerospace market. The manual segment is expected to witness the highest CAGR during the forecast period according to Precision Business Insights.

Key Development

In December 2019, Solvay and SGL Carbon entered into a joint development agreement (JDA) to bring to market the first composite materials based on large-tow intermediate modulus (IM) carbon fiber. These materials address the need to reduce costs and CO2 emissions and improve the production process and fuel efficiency of next-generation commercial aircraft.

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