Aerospace Market Size, Status, Global Demand, Share And Regional Outlook 2022
The global aerospace market report by the business research company identifies overall economic growth of the emerging economies to be a major growth driver for the aerospace market. Rising disposable income, a result of economic growth in emerging markets, had a positive impact on the demand for air travel. The International Monetary Fund (IMF) stated that global GDP growth was 5.4% in 2021. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in the nation's security, thereby driving the aerospace market during the forecast period.
The global aerospace market grew from $246.53 billion in 2021 to $267.83 billion in 2022 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The aerospace market is expected to grow to $379.37 billion in 2026 at a CAGR of 9.1%.
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North America was the largest region in the aerospace market in 2021. North America is expected to be the fastest growing region in the forecast period. The regions covered in aerospace market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players 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 organic food market is segmented -
1) By Type: Commercial Aircraft, Aircraft Maintenance, Repair And Overhauling Services, Aerospace Support And Auxiliary Equipment
2) By Size: Wide-Body, Narrow-Body, Regional
3) By End-User: Government, Private Sector
4) By Operation: Autonomous Aircraft, Manual
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The Aerospace Market Report Contents Include
1. Executive Summary
2. Report Structure
3. Aerospace Market Characteristics
4. Aerospace Market Product Analysis
5. Aerospace Market Supply Chain
26. Copyright And Disclaimer
This report covers the trends and market dynamics of the aerospace 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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