openPR Logo
Press release

Aerospace Market – Global Demand, Industry Growth, Segmentation, Drivers, Opportunities And Challenges, 2020-2023

10-15-2020 08:33 AM CET | Logistics & Transport

Press release from: The Business research company

Aerospace Market – Global Demand, Industry Growth,

Aerospace Market By Type (Commercial Aircraft, Aircraft Maintenance, Repair And Overhauling Services, Aerospace Support Auxiliary Equipment), By Size, By End-User, And By Region – Global Forecast To 2023 By The Business Research Company

The global aerospace market reached a value of nearly $342.4 billion in 2019, having increased at a compound annual growth rate (CAGR) of 3.1% since 2015. The market is expected to decrease from $342.4 billion in 2019 to $296.1 billion in 2020 at a rate of -14%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and 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 6.5% from 2021 and reach $358.8 billion in 2023.

The key drivers of the aerospace market include:
Commercial Use Of Drones– Legal authority allowing the use of drones for commercial use is being extended more widely increasing a potential revenue channel for aircraft manufacturers. Combined with the launch of reliable and stronger drones specifically for commercial use, such as the drones manufactured and public sales of commercial drones are expected to drive rapid growth in the drone segment of the aerospace market.

Browse Complete Report @
https://www.thebusinessresearchcompany.com/report/aerospace-market

Aerospace Market Segmentation:
The Aerospace market is segmented by type, by size, by end-user and by geography

By Type- The aerospace market is segmented by type
1) Commercial Aircraft Manufacturing
2) Aircraft Maintenance, Repair and Overhauling Services
3) Aerospace Support and Auxiliary Equipment Manufacturing

By Size- The aerospace market is segmented by size
1) Wide-Body
2) Narrow-Body
3) Regional
4) Others

By End-User - The aerospace market is segmented by end-user into
1) Government
2) Private Sector

Request For A Sample Copy Of This Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=3444&type=smp

By Geography - The aerospace market is segmented into
1. North America
2. Western Europe
3. Asia Pacific
4. Eastern Europe
5. South America
6. Middle East
7. Africa

Some of the major key players involved in the aerospace market are
1. Airbus Group
2. The Boeing Company
3. United Technologies Corporation
4. General Electric Company
5. Safran S.A.

Place A Direct Purchase Order Of This Report @
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3444

Contact Information:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow us on Blog: http://blog.tbrc.info/

About US:
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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Aerospace Market – Global Demand, Industry Growth, Segmentation, Drivers, Opportunities And Challenges, 2020-2023 here

News-ID: 2160141 • Views: 271

More Releases from The Business research company

Speed Changer, Industrial High-Speed Drive, And Gear Manufacturing Industry Driv …
The Business Research Company offers " Speed Changer, Industrial High-Speed Drive, And Gear Manufacturing Global Market Report 2020 " 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
Machine Shops, Turned Product, And Screw, Nut, And Bolt Manufacturing Industry R …
The Business Research Company offers " Machine Shops; Turned Product; And Screw, Nut, And Bolt Manufacturing Global Market Report 2020" 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
Global Kaolin Mining Market Rising Demand and Supply 2020 to 2022 | LB Minerals …
The Business Research Company offers "Kaolin Mining Global Market Report 2020" 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
Global Sulfur Mining Market 2020 – Future Growth Analysis and Challenge, Forec …
The Business Research Company offers "Sulfur Mining Global Market Report 2020" 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

All 5 Releases


More Releases for Aerospace

Aerospace Composites Market Future Growth Insight And Competitive Outlook 2025 | …
The Global Aerospace Composites Market is expected to reach USD 57.04 billion by 2025, from USD 26.90 billion in 2017, growing at a CAGR of 9.4% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.Global Aerospace Composites Market, By Fibre Type (Carbon, Glass, Ceramic),
Aerospace Materials Market
https://www.qandqmarketresearch.com/reports/7743602/aerospace-materials-market-26 This report researches the worldwide Aerospace Materials market size value, capacity, production and consumption in key regions like United States, Europe, China, Japan and other regions. This study categorizes the global Aerospace Materials breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porters Five Forces Analysis. Global Aerospace Materials
Aerospace Wing Actuators Market 2019 Key Players: Honeywell Aerospace
Global Aerospace Wing Actuators Market Report provides manufacturers, regional analysis, prediction, segmentation by applications and type and also the exact procedure of the whole industry. Global Aerospace Wing Actuators market report supplies an in-depth study with upcoming and present opportunities to describe the future investments in the industry. International Aerospace Wing Actuators market research report offers an analysis of product type, categories, end-users, and industry chain arrangement prediction till 2025. Aerospace
Aerospace Lavatory System Market Outlook to 2027 - Percival Aviation, Zodiac Aer …
The Aerospace Lavatory System Market research report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Poter's five forces analysis. Factors responsible to drive the growth of aerospace lavatory system is increase in the number of passengers has raised the demand for more commercial aircraft equipped
Global Aerospace Fastener Market 2018 - 3V Fastener, TFI Aerospace, Alcoa
Apex Market Reports, recently published a detailed market research study focused on the “Aerospace Fastener Market” across the global, regional and country level. The report provides 360° analysis of “Aerospace Fastener Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Aerospace Fastener on
Global Aerospace Fasteners Market 2017 - Trimas Corp, TFI Aerospace
The motive of this strategic research report entitled "Global Aerospace Fasteners Market 2017" is to provide company officials, industry investors, and industry members with consequential insights to enable them make reliable strategic decisions regarding the opportunities in the global Aerospace Fasteners market. Key Notes On Aerospace Fasteners Market: "Global Aerospace Fasteners Market 2017 "offers crucial insights into the global Aerospace Fasteners market along with the market size and estimates for the duration