Aerospace & Defense Market 2020 Business Outlook and Scenario - Boeing; Airbus; United Technologies; GE Aviation

Aerospace & Defense Global Market Report 2020-30: Aerospace & Defense Market Global Report provides the strategists, marketers and senior management with the critical information they need to assess the global Aerospace & Defense market.

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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Scope Of the Report:

Markets Covered: 1) By Type: Aerospace; Defense
2) By Operation: Autonomous; Manual

Companies Mentioned: Boeing; Airbus; United Technologies; GE Aviation; Lockheed Martin

Metrics Covered: Number of Enterprises, Number of Employees

Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam

Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Time series: Five years historic and forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, Aerospace & Defense indicators comparison.

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

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North America was the largest region in the global aerospace & defense market, accounting for 36% of the market in 2019. Asia Pacific was the second largest region accounting for 28% of the global aerospace & defense market. Africa was the smallest region in the global aerospace & defense market.

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.

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This release was published on openPR.