Aerospace & Defense Global Market 2022 Analysis By Size, Share, Top Leaders, Trends, Segmentation And Forecast 2031
The global aerospace & defense market report by the business research company identifies during the forecast period, developed countries will experience low interest rates as monetary authorities are reducing interest rates to stimulate economic to be a major growth driver for the aerospace & defense market. This led to the flow of cheap money for investment in these economies. Low interest rates encouraged borrowing for investment and helped drive spending. For instance, in 2019, the European Central Bank decreased interest rates to -0.5% on deposits from banks to encourage lending. Major countries that had low-interest rates in the historic period included the USA, Germany, and Japan. Low interest rates will boost the growth of the aerospace and defence markets in the forecast period.
The global aerospace and defense market grew from $721.22 billion in 2021 to $781.4 billion in 2022 at a compound annual growth rate (CAGR) of 8.3%. 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 and defense market is expected to grow to $961.21 billion in 2026 at a CAGR of 5.3%.
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North America was the largest region in aerospace & defense market in 2021. North America is expected to be the fastest growing region in the forecast period. The regions covered in aerospace and defense market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major companies in the aerospace & defense market include Airbus Group SE, Raytheon Technologies Corporation, The Boeing Company, Lockheed Martin Corporation, Raytheon Co, Northrop Grumman Corp, Bae Systems plc, General Dynamics, General Electric Company, and Safran SA.
The global aerospace & defense market is segmented -
1) By Type: Aerospace, Defense
2)By Operation: Autonomous, Manual
3) By Component: Weapon System, Fire Control System, Command and Control System
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The Aerospace & Defense Market Report Contents Include
Table Of Contents
1. Executive Summary
2. Report Structure
3. Aerospace & Defense Market Characteristics
4. Aerospace & Defense Market Product Analysis
5. Aerospace & Defense Market Supply Chain
21. Aerospace & Defense Market Competitive Landscape
22. Key Mergers And Acquisitions In The Aerospace & Defense Market
25. Copyright And Disclaimer
This report covers the trends and market dynamics of the aerospace & 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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