According to a recent research report titled ” Aerospace Market (By Type: Commercial Aircraft, Aircraft Maintenance, Repair and Overhauling Services, Aerospace Support, Auxiliary Equipment; By Size: Narrow Body, Wide Body, By End User , Private Sector , Government Sector; By Operation: Manual Aircraft, Autonomous Aircraft,) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032″ published by Precedence Research, the global aerospace market size is projected to touch around USD 678.17 billion by 2032 and growing at a CAGR of 7.80% over the forecast period 2023 to 2032. This comprehensive study examines various factors and their impact on the growth of the aerospace market.
Key Takeaways
- North America contributed more than 46% of revenue share in 2022.
- Asia-Pacific region is estimated to expand the fastest CAGR between 2023 and 2032.
- By Type, the Commercial Aircraft segment has held the largest market share of 43.5% in 2022.
- By Type, the Aerospace Support segment is anticipated to grow at a remarkable CAGR of 8.5% between 2023 and 2032.
- By Size, the Narrow Body segment generated over 78.2% of revenue share in 2022.
- By Size, the Wide Body segment is expected to expand at the fastest CAGR over the projected period.
- By End-user, the Private Sector segment had the largest market share of 65.4% in 2022.
- By End-user, the Government Sector segment is expected to expand at the fastest CAGR over the projected period.
- By Operation, the Manual Aircraft segment generated over 68.5% of revenue share in 2022.
- By Operation, the Autonomous Aircraft segment is expected to expand at the fastest CAGR over the projected period.
The report primarily focuses on the volume and value of the aerospace market at the global, regional, and company levels. At the global level, the report analyzes historical data and future prospects to present an overview of the overall market size. Regionally, the study emphasizes key regions such as North America, Europe, the Middle East & Africa, Latin America, and others.
Furthermore, the research report provides specific segmentations based on regions (countries), companies, and all market segments. This analysis offers insights into the growth and revenue trends during the historical period of 2017 to 2032, as well as the projected period. By understanding these segments, it becomes possible to identify the significance of different factors that contribute to market growth.
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The research also highlights significant progressions in both organic and inorganic growth strategies within the global aerospace market. Numerous companies are placing emphasis on new product launches, gaining product approvals, and implementing various business expansion tactics. Moreover, the report presents detailed profiles of firms operating in the aerospace market, along with their respective market strategies. Additionally, the study concentrates on prominent industry participants, furnishing details such as company profiles, product offerings, financial updates, and noteworthy advancements.
Aerospace Market Scope
| Report Coverage | Details |
| Growth Rate from 2023 to 2032 | CAGR of 7.80% |
| Market Size in 2023 | USD 344.97 Billion |
| Market Size by 2032 | USD 678.17 Billion |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Type, By Size, By End User, and Operation |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
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Major Key Points Covered in Report:
Executive Summary: It includes key trends of the electric vehicle fuel cell market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the electric vehicle fuel cell market based on production and revenue.
Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Electric vehicle fuel cell market.
Market Segments: This part of the report discusses product, application and other segments of the electric vehicle fuel cell market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
Market Key Players
The report incorporates company profiles of key players in the market. These profiles encompass vital information such as product portfolio, key strategies, and a comprehensive SWOT analysis for each player. Additionally, the report presents a matrix illustrating the presence of each prominent player, enabling readers to gain actionable insights. This facilitates a thoughtful assessment of the market status and aids in predicting the level of competition in the aerospace market.
Aerospace Market Players
- Boeing Company
- Airbus SE
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- General Dynamics Corporation
- Safran S.A.
- BAE Systems plc
- Honeywell International Inc.
- General Electric Company
- Thales Group
- Rolls-Royce Holdings plc
- United Technologies Corporation
- Leonardo S.p.A.
Market Segmentations
By Type
- Commercial Aircraft
- Aircraft Maintenance
- Repair and Overhauling Services
- Aerospace Support
- Auxiliary Equipment
By Size
- Narrow Body
- Wide Body
By End User
- Private Sector
- Government Sector
By Operation
- Manual Aircraft
- Autonomous Aircraft
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Table of Contents:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Aerospace Market
5.1. COVID-19 Landscape: Aerospace Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Aerospace Market, By Type
8.1. Aerospace Market Revenue and Volume Forecast, by Type, 2023-2032
8.1.1. Commercial Aircraft
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Aircraft Maintenance
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
8.1.3. Repair and Overhauling Services
8.1.3.1. Market Revenue and Volume Forecast (2020-2032)
8.1.4. Aerospace Support
8.1.4.1. Market Revenue and Volume Forecast (2020-2032)
8.1.5. Auxiliary Equipment
8.1.5.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Aerospace Market, By Size
9.1. Aerospace Market Revenue and Volume Forecast, by Size, 2023-2032
9.1.1. Narrow Body
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. Wide Body
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Aerospace Market, By End User
10.1. Aerospace Market Revenue and Volume Forecast, by End User, 2023-2032
10.1.1. Private Sector
10.1.1.1. Market Revenue and Volume Forecast (2020-2032)
10.1.2. Government Sector
10.1.2.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 11. Global Aerospace Market, By Operation
11.1. Aerospace Market Revenue and Volume Forecast, by Operation, 2023-2032
11.1.1. Manual Aircraft
11.1.1.1. Market Revenue and Volume Forecast (2020-2032)
11.1.2. Autonomous Aircraft
11.1.2.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 12. Global Aerospace Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.1.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.1.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.1.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.1.5.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.1.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.1.5.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.1.6.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.1.6.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.1.6.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.2.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.2.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.2.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.2.5.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.2.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.2.5.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.2.6.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.2.6.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.2.6.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.2.7.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.2.7.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.2.7.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.2.8.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.2.8.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.2.8.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.3.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.3.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.3.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.3.5.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.3.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.3.5.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.3.6.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.3.6.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.3.6.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.3.7.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.3.7.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.3.7.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.3.8.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.3.8.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.3.8.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.4.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.4.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.4.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.4.5.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.4.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.4.5.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.4.6.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.4.6.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.4.6.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.4.7.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.4.7.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.4.7.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.4.8.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.4.8.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.4.8.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.5.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.5.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.5.5.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.5.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.5.5.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.5.6.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.5.6.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.5.6.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
Chapter 13. Company Profiles
13.1. Boeing Company
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Airbus SE
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Lockheed Martin Corporation
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Northrop Grumman Corporation
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Raytheon Technologies Corporation
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. General Dynamics Corporation
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Safran S.A.
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. BAE Systems plc
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Honeywell International Inc.
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. General Electric Company
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
Why should you invest in this report?
This report presents a compelling investment opportunity for those interested in the global aerospace market. It serves as an extensive and informative guide, offering clear insights into this niche market. By delving into the report, you will gain a comprehensive understanding of the various major application areas for aerospace. Furthermore, it provides crucial information about the key regions worldwide that are expected to experience substantial growth within the forecast period of 2023-2030. Armed with this knowledge, you can strategically plan your market entry approaches.
Moreover, this report offers a deep analysis of the competitive landscape, equipping you with valuable insights into the level of competition prevalent in this highly competitive market. If you are already an established player, it will enable you to assess the strategies employed by your competitors, allowing you to stay ahead as market leaders. For newcomers entering this market, the extensive data provided in this report is invaluable, providing a solid foundation for informed decision-making.
Some of the key questions answered in this report:
- What is the size of the overall Aerospace market and its segments?
- What are the key segments and sub-segments in the market?
- What are the key drivers, restraints, opportunities and challenges of the Aerospace market and how they are expected to impact the market?
- What are the attractive investment opportunities within the Aerospace market?
- What is the Aerospace market size at the regional and country-level?
- Who are the key market players and their key competitors?
- What are the strategies for growth adopted by the key players in Aerospace market?
- What are the recent trends in Aerospace market? (M&A, partnerships, new product developments, expansions)?
- What are the challenges to the Aerospace market growth?
- What are the key market trends impacting the growth of Aerospace market?
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