(EMAILWIRE.COM, December 19, 2018 ) The Business Research Companys global aerospace and defense market analysis covers the year-on-year growth of the global aerospace and defense market historic and forecast growth. It also includes chapters on the aerospace and defense market trends, geographical analysis, and competitive landscape.
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The global aerospace and defense market is forecast to grow at a CAGR (compound annual growth rate) of around 5.5% to 2020.
Aerospace And Defense Market Segmentation
According to TBRCs global aerospace and defense market research, the market is split by segments into aircrafts, aircraft parts manufacturing, repair & maintenance, radars and weapons and guided missile, and space vehicle and military ground vehicles.
Aircrafts, Aircraft Components Manufacturing and Repair Services was the largest segment in the aerospace & defense market, accounting for about 45% of the market. This segment includes companies developing and making airplanes and airplanes parts prototypes and providing maintenance, repair and overhaul (MRO) services.
Radars and Weapons was the second largest segment in the aerospace & defense market. This segment includes companies engaged in manufacturing rockets and rocket launchers, mines, grenades and mortars, small arms and ammunition, swords, knives/daggers, laser weapons, and radars used for air traffic control, weather forecast, automotive safety, aircraft and ship surveillance, air defense.
Guided Missile, Space Vehicle and Military Ground Vehicles was the smallest segment in the aerospace & defense market. This segment includes guided missiles, space vehicles and parts, tanks, manned and unmanned ground vehicles and armored vehicles.
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Guided Missile, Space Vehicle And Military Ground Vehicles Manufacturing market had the highest CAGR (compound annual growth rate) of around 6.5% during 2013-2017; this segment is expected to grow at a CAGR of almost 7.5% during 2017-2021. The Asia-Pacific region is expected to drive the global market during this period because of the rising internal threats within the region and increasing nationalism to safeguard/defend territorial claims in many countries.
The global aerospace and defense market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
The global aircrafts, aircraft parts manufacturing, repair & maintenance, radars and weapons and guided missile, space vehicle and military ground vehicles markets segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the report are The Boeing Company, Airbus Group, Lockheed Martin Corporation, United Technologies Corp., and General Electric Company.
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