Explore the Aerospace And Defense Market trends! Covers key players, growth rate 5.8% CAGR, market size $1098.86 Billion, and forecasts to 2034. Get insights now!

The US Aerospace and Defense Market is Segmented by Sector (Aviation (Commercial Aviation and General Aviation), Defense (Army, Navy, and Air Force), Space, and Unmanned Systems) and Platform (Land, Air, Sea, and Space). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Europe Aerospace and Defense Market Report is Segmented by Sector (Commercial and General Aviation, Military Aircraft and Systems, Unmanned Aerial Systems, and Space Systems and Equipment) and Geography (United Kingdom, France, Germany, Italy, Spain, and Rest of Europe). The Report Offers Market Sizes and Forecasts for all the Above Segments in Value (USD).

This graphic depicts the size of the aerospace and defense software application market worldwide from 2019 to 2025. In 2020, the global aerospace and defense software market was worth 5.3 billion U.S. dollars, and it is projected to reach six billion dollars by 2025. Dassault Systemes was the largest software vendor in the market.

The India Aerospace and Defense Market Size Was Worth USD 26.78 Billion in 2023 and Is Expected To Reach USD 48.41 Billion by 2032, CAGR of 6.8%.

Explore the Aerospace And Defense Components Global Market Report 2025 Market trends! Covers key players, growth rate 9.8% CAGR, market size $105.41 Billion, and forecasts to 2033. Get insights now!

Aerospace And Defense Parts Manufacturing Market size was valued at USD 643.31 Billion in 2024 and is projected to reach USD 961.38 Billion by 2031, growing at a CAGR of 5.15% during the forecast period 2024-2031.

Global Aerospace And Defense Parts Manufacturing Market Drivers
The market drivers for the Aerospace And Defense Parts Manufacturing Market can be influenced by various factors. These may include:

Growing Defence Budgets: As a result of governments all over the world increasing their defence budgets in an effort to modernise their armed forces, there is a greater need for aerospace and defence parts production as well as for new and sophisticated military aircraft, helicopters, and drones.

Expanding Commercial Aviation Sector: The need for aircraft parts and components is fueled by the growing demand for air travel, as well as by the necessity for airlines to expand and modernise their fleets.

Technological Advancements: The efficiency, performance, and durability of aerospace and defence parts are improved by innovations in materials (like composites and advanced alloys), production techniques (like 3D printing and additive manufacturing), and design technologies. These developments propel the market expansion.

Programmes for Fleet Modernization: To replace outdated aircraft with newer, more efficient ones, both commercial airlines and the armed forces are implementing programmes for fleet modernization. This is driving up demand for aerospace parts and components.

Unmanned Aerial Vehicles (UAVs) are in greater demand: A growing number of UAVs and drones are being used for commercial, military, and surveillance purposes, which is driving up demand for specialised parts and components for these aircraft.

Economic development in Emerging economies: As a result of increased air travel, airline fleet expansion, and higher defence spending, emerging economies are experiencing economic development and rising disposable incomes, which is boosting demand for the manufacturing of aerospace and defence products.

Tight Safety and Quality standards: In the aerospace and defence industries, strict safety and quality standards demand the creation of dependable, high-quality parts and components, which in turn drives demand for specialised manufacturing capabilities.

Partnerships and Collaborations: Innovation, manufacturing capacity, and market reach are all improved by strategic alliances, joint ventures, and collaborations between aerospace and defence manufacturers, suppliers, and technology providers. These factors all support market expansion.

Sustainability Initiatives: The need for lighter, more fuel-efficient parts and sophisticated production processes that lessen their negative effects on the environment is fueled by the desire for more ecologically friendly and sustainable aircraft and defence systems.

Growing MRO Activities: The requirement to maintain safety, performance, and regulatory compliance is driving an increase in maintenance, repair, and overhaul (MRO) activities for existing aircraft fleets, which in turn is driving up demand for replacement parts and components.

Global Aerospace And Defense market size 2025 was XX Million. Aerospace And Defense Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Aerospace And Defense Composites Market size was valued at USD 37.06 Billion in 2023 and is projected to reach USD 71.98 Billion by 2030, growing at a CAGR of 11.7% during the forecast period 2024-2030.

Global Aerospace And Defense Composites Market Drivers

The market for composite materials used in aerospace and defense is growing due to several causes. Among the principal forces shaping the market are:

Weight reduction: Composites provide a lightweight substitute for conventional materials, improving defense system performance overall and helping aeronautical applications use less fuel.
Strength and Durability: Due to their superior strength-to-weight ratios and exceptional durability, aerospace and defense composites are in higher demand for usage in military equipment, aircraft structures, and componentry.
Fuel Efficiency: The aerospace industry looks for lightweight materials like composites to increase the fuel efficiency of aircraft with an emphasis on lowering fuel consumption and emissions.
Technological Developments: Innovation in the aerospace and defense industry is fueled by continuous improvements in composite materials, production techniques, and design technologies, which encourages the use of composites in new applications.
Demand for Commercial Aircraft: As air travel and the middle class rise, so does the demand for commercial aircraft, which in turn drives the need for innovative materials like composites in the aircraft manufacturing industry.
Military Modernization Programs: To improve performance and lower maintenance costs, defense forces all over the world are investing in modernization projects that will eventually lead to the use of composite materials in military vehicles, equipment, and aircraft.
Long-Term Cost Efficiency: Composites are an appealing alternative for both aerospace and defense applications, despite their higher initial prices. These advantages include lower maintenance costs and increased fuel efficiency.
Environmental rules: Since composites help provide lighter, more environmentally friendly aerospace and defense solutions, their use is fueled by strict environmental rules and a focus on sustainability.

As of 2023, the revenue of the aerospace and defense industry amounted to 829 billion U.S. dollars. This was an 11 percent increase compared to the previous year and the highest figure registered in the given period.

Analyze the market segmentation of the Non-Destructive Testing Services Aerospace Defense industry. Gain insights into market share distribution with a detailed breakdown of key segments and their growth.

The Japanese Aerospace and Defense Market Report is Segmented by Sector (Aerospace and Defense), Service Type (Manufacturing and MRO), and Platform (Airborne, Terrestrial, and Naval). The market size and forecast are provided in terms of value (USD) for all the above-mentioned segments.

The Report Covers Aerospace and Defense Materials Market Analysis and is segmented by Material Type (Aluminum Alloys, Steel Alloys, Titanium Alloys, Super Alloys, Composite Materials, and Other Material Types), Aircraft Type (Commercial, Military, Business and General Aviation, and Other Aircraft Types), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The market size and forecasts for Aerospace and Defense Materials Market are provided in revenue (USD million) for all the above segments.

Explore the Aerospace & Defense PCB Global Market Report 2025 Market trends! Covers key players, growth rate 3.8% CAGR, market size $1.61 Billion, and forecasts to 2033. Get insights now!

In 2021, the global military aircraft and aerospace manufacturing market was estimated at approximately 255.8 billion U.S. dollars. The leading companies in this market include Boeing, Lockheed, and Northrop Grumman.

Aerospace and Defense Electronic Manufacturing Services Market size was valued at USD 22.48 Billion in 2024 and is projected to reach USD 29.68 Billion by 2031, growing at a CAGR of 3.90% from 2024 to 2031.

Aerospace and Defense Electronic Manufacturing Services Market Drivers

Rising Demand for Advanced Electronic Systems: The aerospace and defense sectors are increasingly integrating sophisticated electronic systems for enhanced performance, communication, navigation, and surveillance. This demand drives the need for specialized EMS providers capable of delivering high-quality electronic components and systems.

Technological Advancements: Rapid advancements in electronics, such as miniaturization, increased processing power, and enhanced reliability, are fueling the demand for cutting-edge electronic manufacturing services. These advancements enable the development of more efficient and effective aerospace and defense systems.

Government and Military Spending: Increased government and military spending on defense and aerospace projects globally stimulates demand for EMS. Investments in modernizing military equipment, developing new defense technologies, and expanding aerospace capabilities drive the market for electronic manufacturing services.

Global Aerospace And Defense Materials Market is expected to reach US$ 81.1 billion by 2031

The market size of the EDA In Aerospace And Defense Market is categorized based on Type (Median polish, Trimean, Ordination) and Application (Aerospace, Defense) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

This report provides insights into the market size and forecasts the value of the market, expressed in USD million, across these defined segments.

South Korea aerospace & defense market size is projected to exhibit a growth rate (CAGR) of 6.57% during 2024-2032. The growing number of space exploration activities, increasing focus on modernizing military forces with advanced technologies, and rising need of cybersecurity to protect critical military infrastructure and data from cyber threats represent some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on industry and type.

As of 2023, in the aerospace and defense manufacturing industry, Boeing outperformed all competitors, including its closest rivals, Airbus, Raytheon Technologies, and Lockheed Martin, with a revenue of roughly 77.8 billion U.S. dollars.