Global Military Aircraft & Aerospace Manufacturing
In the five years to 2015, the Global Military Aircraft and Aerospace Manufacturing industry suffered a setback as Western defense budgets began to shrink. Skyrocketing debt caused by the global recession forced countries such as the United States and United Kingdom to spend less on procurement of military aircraft, missiles and satellites. In the coming years, defense spending by the United States and Western European nations will continue to be pressured, limiting their spending on industry products, with many programs reduced in scope, delayed or canceled. However, climbing non-NATO defense spending will continue to provide more funding for the procurement of industry products, offsetting lower spending by the West.
Companies in this industry manufacture complete military aircraft, missiles or space vehicles, along with associated parts and services. Industry operators also develop prototypes of aerospace products, convert aircraft (i.e. conduct major modifications to systems) and complete aircraft or propulsion system overhaul and rebuilding (i.e. periodically restores aircraft to original design specifications).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.