The Business Research Company’s latest report Aerospace & Defense Global Market Report 2020 covers Aerospace & Defense market drivers, Aerospace & Defense market trends, Aerospace & Defense market segments, Aerospace & Defense market growth rate, Aerospace & Defense market major players, and Aerospace & Defense market size. The report provides in-depth analysis of the impact of COVID-19 on the Aerospace & Defense industry, along with revised market numbers due to the effects of the coronavirus.
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Aerospace & Defense Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global aerospace & defense market is expected to decline from $770.4 billion in 2019 to $704.3 billion in 2020 at a compound annual growth rate (CAGR) of -8.6%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 4% from 2021 and reach $790.1 billion in 2023.
The global aerospace and defense market is segmented by type into aerospace, defense, by operation into autonomous, manual. Subsegments covered are commercial aircraft manufacturing, aircraft maintenance, repair and overhauling services, aerospace support and auxiliary equipment manufacturing, air based defense equipment manufacturing, sea based defense equipment manufacturing, land based defense equipment manufacturing, defense equipment maintenance, repair and overhauling services, defense support and auxiliary equipment manufacturing.
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