Global Aerospace & Defense Market Report
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1 Global Aerospace & Defense Market Report
2 Executive Summary The aerospace sector covers a wide range of manufactured goods including aircraft parts, general aviation aircraft, rotorcraft, business jets, large civil aircraft and products relating to the commercial space sector, including launch vehicles and satellites. The aerospace and defense industry also manufactures spacecraft, such as those used by government space administrations and commercial space tourism companies. With a rising demand for replacement in aircraft especially in North America, the demand of aerospace industry is increasing at a very fast pace. The aerospace industry is expected to experience continued growth in most segments in coming years. The key factors driving the growth of the aerospace industry are rapid growth of air traffic, replacement demand of aircraft, growing urbanization, increasing passenger travel demand and growing global economy. Some of the noteworthy trend and developments of this industry are global product development, greening of aerospace and defense product and increasing use of electrical actuators in the A&D industry. However, the expansion of global aerospace industry is hindered by extreme technological complexity, high development cost and environmental impact of production. The report Global Aerospace and Defense Market provides an in-depth analysis of the global aerospace & defense market along with a detailed study of the US market. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The four major players in the industry, Boeing, Lockheed Martin, United Technologies and General Dynamics are being profiled. By combining SPSS Inc. s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
3 Expansion of the commercial aerospace industry and rising urbanization are driving market growth. Global Aerospace and Defense Market by Value ( ) The global market for aerospace and defense increased to US$... billion in 2014 from US$... billion in 2013, representing a growth of %. The same registered a CAGR of % during the period As of 2014, OEM segment accounted for the largest market share of % in the global aerospace and defense market. Electronics stood at second position with share of %, followed by propulsion and Tier One with share of % and % respectively. Deliveries of commercial aircraft were up % in 2014 to reach units from units in Market Year on Year Growth Global Aerospace and Defense Market Share by Segment (2014) Commercial Aircraft Deliveries ( E) Units E Aircraft Deliveries Year on Year Growth
4 Growth of the US aerospace market is strongly driven by commercial aircrafts.. The US Aerospace Market by Value ( E) The US aerospace market stayed profitable in 2014 compared to The market recorded sales of US$... billion in 2014, up by %, compared to US$... billion in previous year. Civil aircraft accounted for the largest market share of..% of the US aerospace market in 2014, followed by military aircraft with % share. As of 2014, Department of defense accounted for the largest market share of % of the aerospace market, followed by NASA & other agencies with share of % E The US Aerospace Market Share by Product Group (2014) The US Aerospace Market Share by Customer (2014)
5 Economic development, increasing passenger travel demand and replacement demand of aircrafts are the chief factors that will drive the aerospace & defense market Global Aerospace and Defense Market Forecast ( E) E 2016E 2017E 2018E The global market of aerospace and defense is poised to grow at a compounded annual growth rate of % from US$... billion in to US$... billion in With rising demand for passenger air traffic, replacement demand of aircrafts, growing urbanization and decline in oil prices, demand of aerospace industry is increasing at a very fast pace. The future growth of aerospace and defense market would mainly be driven by commercial aerospace market and global GDP.
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