Impact of COVID-19 on the Aerospace And Defense Market 2020-2030 | TBRC Report Insights

The Business Research Company offers "Aerospace & Defense Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global aerospace & defense market is expected to decline from $770.4 billion in 2019 to $704.3 billion in 2020 at a compound annual growth rate (CAGR) of -8.6%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 4% from 2021 and reach $790.1 billion in 2023.

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The aerospace and defense manufacturing market consists of sales of aircraft, aircraft components, weapons, artillery tanks, radar and other military equipment by entities (organizations, sole traders or partnerships) that produce aircraft, aircraft components, weapons, artillery tanks, radar and other military equipment for aerospace and defense purposes.

Additive manufacturing is continuously evolving and manufacturers are now using 3D printing technology to produce parts for aircrafts and aircraft engines. 3D printing creates a three-dimensional physical object using a digital design. They are 25% lighter, simpler and offer more design features than conventional parts. This enables manufacturers to create high performance aircraft engines and components. GE Aviation has introduced 3D printed parts in its aircraft engines. In 2016, Airbus unveiled the first aircraft made using 3D printing technology. Boeing has also planned to use 3D printed titanium parts in the construction of its 787 Dreamliner jets that is expected to save about $3 million in construction costs.

Aerospace And Defense Market Segmentation: -
By Type
1. Aerospace
2. Defense

By Operation
1. Autonomous
2. Manual

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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Aerospace And Defense Market Characteristics
4. Aerospace And Defense Market Product Analysis
5. Aerospace And Defense Market Supply Chain
......
20. Aerospace And Defense Market Competitive Landscape
21. Key Mergers And Acquisitions In The Aerospace And Defense Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer

The report covers the trends and market dynamics of the Aerospace And Defense Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the Aerospace And Defense Market are Boeing; Airbus; United Technologies; GE Aviation; Lockheed Martin

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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