Global Military Aircraft & Aerospace Manufacturing
Over the five years to 2018, the Global Military Aircraft and Aerospace Manufacturing industry has suffered setbacks. During the first half of the five-year period, high levels of debt, underperforming economies and reduced involvement in combat operations, forced most Western nations to reduce their spending on defense. These cuts included fewer purchases of industry products such as military aircraft, missiles, satellites, radars and avionics. However, non-Western countries increased spending on industry products. Faster emerging market growth enabled more nations to spend on military procurement, while geopolitical tensions in the Middle East and Asia provided further incentive to buy new aircraft and missiles. Over the five years to 2023, industry revenue is forecast to climb.
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 restoring 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.