Rapid Growth Forecasted For Aerospace & Defense Market As Per TBRC

Posted by praneeth on October 15th, 2018

The aerospace & defense industry consists of establishments involved in developing prototypes and manufacturing or assembling of complete aircrafts, aircraft parts, radars, weapons and ground vehicles for civilian and military purpose. These companies are also providing maintenance, repair and overhauling services to the aircrafts and other after sales services.

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The global aerospace & defense industry has shown moderate growth in the past years with a CAGR of over 2%. The year 2017 recorded highest ever market value in this industry as per TBRC’s inhouse consultants.

TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.

The report also shows the aerospace & defense industry to grow at double the CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.

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The global aerospace & defense market is expected to grow at a compound annual growth rate (CAGR) of 5.5% by 2021. This can be attributed to the expected increase in economic activity and high demand for air travel, particularly in developing. Additionally, defense industry is also expected to contribute to the growing aerospace & defense market by increasing the production of unmanned aerial vehicles, smart guns and nuclear ballistic missiles, in the forecast period.

TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.

Companies included in the report are The Boeing Company, Airbus Group, Lockheed Martin Corporation, United Technologies Corp. and General Electric Company.

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