Aerospace Market 2022 Latest Insights, Growth Rate, Future Trends and Forecast | Key Players: Airbus Group SE, Raytheon Technologies Corporation, The Boeing Company

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Aerospace Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026’ by The Business Research Company is the most comprehensive report available on this market, with analysis of the market’s historic and forecast growth, drivers and restraints causing it, and highlights of the opportunities that companies in the industry can take on. The aerospace market research report helps gain a truly global perspective of the aerospace industry as it covers 60 geographies worldwide. Regional and country breakdowns give an analysis of the market in each geography, with information on the size of the market by region and by country.

The regions covered in the aerospace market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest aerospace market share.

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The aerospace market consists of sales of aerospace equipment (including aircraft) by entities (organizations, sole traders and partnerships) that produce commercial aircraft, undertake aircraft maintenance, repair, and overhaul services, and product support and auxiliary equipment, such as radar, air traffic control towers and satellites for civilian purpose. The aerospace industry consists of companies involved in developing prototypes and the manufacturing or assembling of complete aircraft and aircraft parts for commercial purposes. This industry also includes companies that provide modifications or conversions, repair, parts replacing, and complete overhauling and rebuilding of commercial aircraft. The types of aircraft manufactured by companies in this industry include gliders, helicopters, drones, ultra-light aircraft, passenger aircraft, and private jets.

Key competitors in the aerospace market include Airbus Group SE, Raytheon Technologies Corporation, The Boeing Company, General Electric Company, Safran SA, General Dynamics, Rolls-Royce Holdings plc, Northrop Grumman Corp, Bombardier Inc, and Honeywell International Inc.

The global aerospace market size is expected to grow from $247.61 billion in 2021 to $271.76 billion in 2022 at a compound annual growth rate (CAGR) of 9.8%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The aerospace market is expected to reach $442.25 billion in 2026 at a CAGR of 12.9%.

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TBRC’s report segments the global aerospace market:
1) By Type: Commercial Aircraft, Aircraft Maintenance, Repair and Overhauling Services, Aerospace Support and Auxiliary Equipment
2) By Size: Wide-Body, Narrow-Body, Regional, Others
3) By End-User: Government, Private Sector
4) By Operation: Autonomous Aircraft, Manual

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The Table of Contents includes:
1. Executive Summary
2. Report Structure
3. Aerospace Market Characteristics
4. Aerospace Market Product Analysis
5. Aerospace Market Supply Chain
.....
22. Key Mergers And Acquisitions In The Aerospace Market
23. Market Background: Aerospace & Defense Market
24. Recommendations
25. Appendix

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