Global Aerospace Market Value Expected To Reach $358.8 Billion By 2023

Global Aerospace Market Value Expected To Reach $358.8 Billion By 2023

Aerospace Market – By Type (Commercial Aircraft, Aircraft Maintenance, Repair And Overhauling Services, Aerospace Support Auxiliary Equipment), By Size (Wide-Body, Narrow-Body, Regional, Others), By End-User (Government, Private Sector), Aerospace Market Size, Aerospace Market Opportunities And Strategies – Global Forecast To 2023
Airbus Group Is One Of The Largest Players In The Aerospace Market, According To The Business Research Company’s Aerospace Market РBy Type (Commercial Aircraft, Aircraft Maintenance, Repair And Overhauling Services, Aerospace Support Auxiliary Equipment), By Size (Wide-Body, Narrow-Body, Regional, Others), By End-User (Government, Private Sector), Aerospace Market Size, Aerospace Market Opportunities And Strategies РGlobal Forecast To 2023

(Companies Covered: Airbus Group,The Boeing Company.United Technologies Corporation,General Electric Company,Safran S.A.,Rolls-Royce Holdings plc,General Dynamics Corp,Honeywell International Inc)

The global aerospace market reached a value of nearly $342.4 billion in 2019, having increased at a compound annual growth rate of 3.1% since 2015. The market is expected to decrease from $342.4 billion in 2019 to $296.1 billion in 2020 at a rate of -14%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and 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 compound annual growth rate of 6.5% from 2021 and reach $358.8 billion in 2023. 

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The aerospace market consists of sales of aerospace equipment (including aircraft) and related services by entities (organizations, sole traders and partnerships) that produce commercial aircraft, undertake aircraft maintenance, repair and overhauling services, and produce support and auxiliary equipment, such as radar, air traffic control towers and satellites for civilian purpose.

Global Aerospace Market Segmentation –
1) By Type – Commercial Aircraft, Passenger Aircrafts, Aircraft Engines, Commercial Helicopters, Aircraft Turbines, Commercial Gliders And Drones, Rocket Engines.
2) By Size – Wide-Body, Narrow-Body, Regional and Others.
3) By End-User – Government, Private Sector.

Global Aerospace Market Driver –
Legal authority allowing the use of drones for commercial use is being extended more widely increasing a potential revenue channel for aircraft manufacturers.

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Few Points From The Global Aerospace Market TOC
1.Aerospace Market Executive Summary
2.Table of Contents
3.List of Figures
4.List of Tables
5.Report Structure
6.Introduction
6.1.1.Segmentation By Geography
6.1.2.Segmentation By Type
7.Aerospace Market Characteristics
7.1.Market Definition
7.2.Segmentation By Type
8.Aerospace Market, Product/Type Analysis – Product/Type Examples
9.Aerospace Market, Supply Chain Analysis
9.1.1.Raw Material Suppliers

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