Aerospace Engineering Market Size, Market Share and Growth Factors Impact Analysis, Report 2018 – 2025

According to a new market report published by Credence Research Inc “Aerospace Engineering Market– Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2025,” The aerospace engineering market worldwide was valued at US$ 70.0 Bn in 2016, and is expected to expand at a CAGR of 4.1% from 2017 to 2025. The aerospace engineering industry has been witnessing immense growth in the recent period on account of a rise in the overall airline industry across the world. With increasing demand for new aircraft in order to meet the rising air travel, numerous leading aircraft manufacturers have been engaged in procurement of various aircraft components and services. In addition, technological advancements in aerospace engineering have resulted in a trend of aircraft replacement. Various airline operators across the world seek to maintain updated and state-of-the-art aircraft in order to retain dominance in their respective markets. Thereby, the overall aerospace engineering market is expected to witness continued growth during the forecast period from 2017 to 2025.

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Report Summary:

Aerospace engineering refers to the field of design and development of various types of aerial vehicles for in-air and outer space transport. Some of the most common aerial vehicles covered under aerospace engineering include small, medium and large airplanes, unmanned aerial vehicles, helicopters and jet planes, among others which can be used for various applications such as commercial aviation and military. In addition, aerospace engineering also covers design and manufacturing of various spacecraft which are used to travel to outer space. Over the years, aerospace engineering industry has evolved to a great extent resulting in groundbreaking innovations. Thereby, the overall aerospace engineering industry has witnessed a significant influx of new product offerings.

The aerospace engineering market encompasses various aerospace structures and engineering services which enable aircraft manufacturers to successfully assemble and construct aircraft for various applications. Some of the major components used in the air assembling process include fuselage, wings, empennage, vertical stabilizer, control surfaces, and rudder, lift control devices, powerplant, flap, propeller, propulsion devices, landing gear, nose gear, cockpit, controls, systems and hydraulics, among others. In addition, aerospace engineering includes numerous engineering services such as design and development, research and assembly operations, among others. On account of rising air travel across the world coupled with increasing need to ensure safe and secure aircraft, the overall aerospace engineering industry has been witnessing increasing levels of investments in the recent years. Thereby, the overall aerospace engineering market is expected to grow at a sustainable rate during the forecast period.

As of 2016, the overall aerospace engineering market was valued at US$ 70.01 Bn and is estimated to reach US$ 99.5Bn by 2025. The market is projected to expand with a CAGR of 4.1% from 2017 to 2025.

The research study on aerospace engineering market is classified into following categories:

Aerospace engineering market by component:

  • Aerostructures
  • Engineering Services

Aerospace engineering market by application:

  • Aircrafts
  • Spacecraft

The report evaluates different types and application segments in terms of revenue (US$ Mn).

This research study includes exhaustive analysis of aerospace engineering industry in following regions and countries:

  • North America
    • S.
    • Canada
  • Europe
    • K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Rest of the World
    • Latin America
    • The Middle East and Africa

The report also includes cross-sectional market estimates at regional and country level (e.g. North America market by product type and U.S. market by component type).

The research study on aerospace engineering market identifies key market dynamics including drivers, restraints, and opportunities in the global market. The report highlights current and future market trends in the global, regional and country-specific aerospace engineering market. The study also includes in-depth analysis of technology development and pricing trends in the global Aerospace engineering market. High-level analysis such as attractive proposition, competitive analysis, value chain analysis and market attractive analysis included in the report helps industry players to identify key investment areas in this industry. This study includes the market historical market size of Aerospace engineering (2015 & 2016), and forecast for the period 2017 – 2025 in terms of revenue.

The global aerospace engineering market is very competitive and comprises a large number of multinational brands. The report includes profiles of major players in the global aerospace engineering industry. Each profile includes detailed information about the business overview, product portfolio related to aerospace engineering, major competitors, recent developments strategies and financials of the company for last three years. The report also provides highlights degree of competition and market winning strategies adopted by the key players to strengthen their market position in the global aerospace engineering market. Some major players profiled in the global aerospace engineering market include WS Atkins Plc, Bombardier, Inc, Cyient Ltd, Elbit Systems Ltd, Leonardo DRS, Saab Group, Safran System Aerostructures, Sonaca Group, Strata Manufacturing PJSC, UTC Aerospace Systems and General Dynamics Corporation.

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