Press release
US Aerospace and Defense Market Forecast to Reach USD 610.15 Billion by 2031 Amid Defense Spending Growth - Mordor Intelligence
US Aerospace and Defense Market
US Aerospace and Defense Market Overview
According to Mordor Intelligence, the US aerospace and defense market size [https://www.mordorintelligence.com/industry-reports/us-aerospace-and-defense-market?utm_source=abnewswire] is estimated at USD 463.06 billion in 2026 and is projected to reach USD 610.15 billion by 2031, registering a CAGR of 5.67% during the forecast period. The US aerospace and defense market continues to demonstrate steady growth supported by defense expenditure, commercial aircraft fleet renewal, and increasing satellite deployment activities.
The market is benefiting from continued federal funding, improving commercial aviation demand, and growing interest in space-based capabilities. Defense programs remain a major source of revenue, while commercial aerospace activities are gaining momentum as aircraft manufacturers work through order backlogs and airlines continue fleet replacement initiatives. Domestic sourcing initiatives for critical materials and components are also influencing procurement strategies across the sector.
US Aerospace and Defense Market Trends
Strong Defense Funding Supporting Market Activity: One of the most influential US aerospace and defense market trends is the continued allocation of defense budgets toward modernization and readiness programs. Investments across air, land, naval, and space systems are supporting procurement activities and sustaining demand throughout the supply chain.
Commercial Aviation Recovery Supporting Aerospace Demand: Commercial aerospace activities are contributing to market expansion as airlines continue aircraft replacement and fleet modernization programs. Demand for newer aircraft models is supporting production activity and creating opportunities for component suppliers, maintenance providers, and aerospace manufacturers.
Growing Satellite Deployment and Space Activities: Satellite deployment remains an important area of activity within the US aerospace and defense market. Increasing demand for communication, navigation, observation, and research capabilities is encouraging investment in space-related programs. The expansion of satellite constellations is generating opportunities across manufacturing, launch services, and support infrastructure.
Increased Focus on Domestic Supply Chains: Government-supported initiatives encouraging domestic sourcing of critical materials are influencing procurement and production strategies. Manufacturers are seeking greater supply chain reliability for essential inputs used in aerospace and defense systems.
US Aerospace and Defense Market Segmentation
By Sector
*
Aerospace
*
Defense
By Platform
*
Aerial
*
Terrestrial
*
Naval
*
Space
By Service Type
*
Manufacturing
*
Maintenance, Repair, and Overhaul (MRO)
By Component
*
Airframes and Structures
*
Propulsion Systems and Engines
*
Electronics and Mission Systems
*
Composite and Carbon Fibre Components
*
Electronic Warfare and Sensors
Competitive Landscape and Key Players in the US Aerospace and Defense Market
The competitive environment includes established aerospace manufacturers, defense contractors, space companies, and specialized system providers. Market participants focus on production capabilities, defense program participation, aerospace manufacturing expertise, and space-related initiatives to strengthen their position within the US aerospace and defense market.
Key Players
*
Lockheed Martin Corporation
*
The Boeing Company
*
RTX Corporation
*
Space Exploration Technologies Corp. (SpaceX)
*
Northrop Grumman Corporation
Conclusion
The outlook for the US aerospace and defense market [https://www.mordorintelligence.com/industry-reports/us-aerospace-and-defense-market?utm_source=abnewswire] remains favorable, supported by defense funding, commercial aviation recovery, and expanding space activities. Demand across aerospace manufacturing, defense procurement, satellite deployment, and maintenance services continues to create opportunities throughout the value chain.
Industry participants are adapting to changing procurement priorities, supply chain requirements, and operational expectations while pursuing opportunities in both traditional and emerging segments. Domestic sourcing initiatives, increasing space activities, and ongoing fleet modernization efforts are expected to remain important drivers of market activity.
The broader US aerospace and defense industry is therefore positioned for continued expansion, supported by sustained demand across commercial, defense, and space-related applications reflected in the latest US aerospace and defense market forecast.
Industry Related Reports
Missiles and Missile Defense Systems Market: [https://www.mordorintelligence.com/industry-reports/missiles-and-missile-defense-systems-market?utm_source=abnewswire] The Missiles and Missile Defense Systems Market is segmented by range, missile and defense system type, end-user, and geography, with market forecasts provided in terms of value (USD).
Mortar Ammunition Market:The mortar ammunition market is estimated at USD 3.96 billion in 2025 and is projected to reach USD 4.83 billion by 2030, growing at a CAGR of 4.05% during the forecast period.
Get More Insights: https://www.mordorintelligence.com/industry-reports/mortar-ammunition-market?utm_source=abnewswire
Military Electro-Optical and Infrared (EO/IR) Systems Market: [https://www.mordorintelligence.com/industry-reports/military-electro-optical-and-infrared-systems-market?utm_source=abnewswire]The military electro-optical and infrared (EO/IR) systems market is expected to grow from USD 9.35 billion in 2026 to USD 10.77 billion by 2031, registering a CAGR of 2.87% during the forecast period.
About Mordor Intelligence:
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.
With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
For any inquiries or to access the full report, please contact:
media@mordorintelligence.com
https://www.mordorintelligence.com/
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Company Name: Mordor Intelligence Private Limited
Contact Person: Jignesh Thakkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=us-aerospace-and-defense-market-forecast-to-reach-usd-61015-billion-by-2031-amid-defense-spending-growth-mordor-intelligence]
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