Global Aerospace Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Passenger Aircrafts, Aircraft Engines, Commercial Helicopters, Aircraft Turbines, Commercial Gliders And Drones, and Rocket Engines.

By Vehicle Type;

Two-Wheeler, Passenger Car, and Commercial Vehicle.

By Distribution Channel;

Original Equipment Manufacturer (OEM), and Aftermarket.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn391997638 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Aerospace Market (USD Million), 2021 - 2031

In the year 2024, the Global Aerospace Market was valued at USD 299,790.98 million. The size of this market is expected to increase to USD 306,143.54 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 0.3%.

The global aerospace market encompasses a diverse range of activities, including commercial aviation, military aerospace, and space exploration. With increasing air travel demand, advancements in technology, and expanding global economies, the aerospace sector continues to experience steady growth. Commercial aviation remains a cornerstone of the aerospace industry, with airlines investing in new aircraft to meet rising passenger numbers and enhance operational efficiency. Moreover, military aerospace plays a crucial role in national defense and security, driving demand for advanced aircraft platforms, weapons systems, and support services.

Space exploration has emerged as a dynamic and rapidly evolving segment within the global aerospace market. Both governmental space agencies and private companies are investing in ambitious space exploration initiatives, including crewed missions to Mars, lunar exploration programs, and satellite launches. The emergence of commercial spaceflight companies, such as SpaceX and Blue Origin, has democratized access to space and spurred innovation in launch technologies, satellite deployment, and space tourism. Additionally, advancements in satellite communication, earth observation, and space-based services contribute to the growth and diversification of the global aerospace market.

However, the aerospace industry also faces challenges such as regulatory complexities, geopolitical tensions, and economic uncertainties. Stringent safety standards and certification requirements drive up development costs and time-to-market for new aircraft and aerospace technologies. Moreover, geopolitical factors and trade disputes can impact supply chains, market dynamics, and international collaborations within the aerospace sector. Nevertheless, as the aerospace industry continues to innovate and adapt to evolving market conditions, fueled by technological advancements, market demand, and global partnerships, the long-term outlook for the global aerospace market remains positive, with opportunities for growth and innovation across its various segments.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Vehicle Type
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Region
  4. Global Aerospace Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Air Travel Demand
        2. Technological Advancements
        3. Expansion of Space Exploration Ventures
      2. Restraints
        1. Regulatory Complexities
        2. Geopolitical Tensions
        3. Economic Uncertainties
      3. Opportunities
        1. Growth of Commercial Aviation
        2. Innovation in Military Aerospace
        3. Advancements in Space Exploration
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bragaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Aerospace Market, By Type, 2021 - 2031 (USD Million)
      1. Passenger Aircrafts
      2. Aircraft Engines
      3. Commercial Helicopters
      4. Aircraft Turbines
      5. Commercial Gliders And Drones
      6. Rocket Engines
    2. Global Aerospace Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. Two-Wheeler
      2. Passenger Car
      3. Commercial Vehicle
    3. Global Aerospace Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Original Equipment Manufacturer (OEM)
      2. Aftermarket
    4. Global Aerospace Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Boeing
      2. Airbus
      3. Lockheed Martin
      4. Northrop Grumman
      5. Raytheon Technologies
      6. Safran
      7. BAE Systems
      8. General Dynamics
      9. Thales Group
      10. United Technologies Corporation (UTC)
  7. Analyst Views
  8. Future Outlook of the Market