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Aerospace Engineering Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030

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    Report

  • 117 Pages
  • August 2022
  • Region: Global
  • Acute Market Reports
  • ID: 5701950
Aerospace Engineering Market refers to the field of design and development of various types of aerial vehicles for in-air and outer space transport. Some of the most common aerial vehicles covered under aerospace engineering include small, medium and large airplanes, unmanned aerial vehicles, helicopters and jet planes, among others which can be used for various applications such as commercial aviation and military. In addition, aerospace engineering also covers design and manufacturing of various spacecraft which are used to travel to outer space. Over the years, aerospace engineering industry has evolved to a great extent resulting in groundbreaking innovations. Thereby, the overall aerospace engineering industry as witnessed a significant influx of new product offerings.

The aerospace engineering market encompasses various aerospace structures and engineering services which enable aircraft manufacturers to successfully assemble and construct aircrafts for various applications. Some of the major components used in the air assembling process include fuselage, wings, empennage, vertical stabilizer, control surfaces and rudder, lift control devices, powerplant, flap, propeller, propulsion devices, landing gear, nose gear, cockpit, controls, systems and hydraulics, among others. In addition, aerospace engineering include numerous engineering services such as design and development, research and assembly operations, among others. Although the commercial airline business has suffered tremendously due to the ongoing COVID-19 pandemic, other applications such as military jets, cargo planes and unmanned aerial vehicles are expected to witness continued growth. Thereby, the overall aerospace engineering market is expected to grow at a sustainable rate during the forecast period.

The research study on aerospace engineering market identify key market dynamics including drivers, restrains and opportunities in the global market. The report highlights current and future market trends in the global, regional and country specific aerospace engineering market. The study also includes in-depth analysis of technology development and pricing trends in the global Aerospace engineering market. High level analysis such as attractive proposition, competitive analysis, value chain analysis and market attractive analysis included in the report helps industry players to identify key investment areas in this industry.

The global aerospace engineering market is very competitive and comprise of large number of multinational brands. The report includes profiles of major players in the global aerospace engineering industry. Each profile includes detailed information about business overview, product portfolio related to aerospace engineering, major competitors, recent developments strategies and financials of the company for last three years. The report also provides highlights degree of competition and market winning strategies adopted by the key players to strengthen their market position in the global aerospace engineering market. Some major players profiled in the global aerospace engineering market include WS Atkins Plc, Bombardier, Inc, Cyient Ltd, Elbit Systems Ltd, Leonardo DRS, Saab Group, Safran System Aerostructures, Sonaca Group, Strata Manufacturing PJSC, UTC Aerospace Systems and General Dynamics Corporation.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Aerospace Engineering market are as follows:
  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Aerospace Engineering market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Component

  • Aerostructures
  • Engineering Services

Application

  • Aircrafts
  • Spacecrafts

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Aerospace Engineering market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2030.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Aerospace Engineering market?
  • Which is the largest regional market for Aerospace Engineering market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Aerospace Engineering market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Aerospace Engineering market worldwide?


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Table of Contents

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Aerospace Engineering Market
2.2. Global Aerospace Engineering Market, By Component, 2021 (US$ Billion)
2.3. Global Aerospace Engineering Market, By Application, 2021 (US$ Billion)
2.4. Global Aerospace Engineering Market, By Geography, 2021 (US$ Billion)
2.5. Attractive Investment Proposition by Geography, 2021
3. Aerospace Engineering Market: Competitive Analysis
3.1. Market Positioning of Key Aerospace Engineering Market Vendors
3.2. Strategies Adopted by Aerospace Engineering Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2021 Versus 2030
4. Aerospace Engineering Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global Aerospace Engineering Market Value, 2020 - 2030, (US$ Billion)
4.3. Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Key Challenges
4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis
5. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Aerostructures
5.3.2. Engineering Services
6. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
6.3.1. Aircrafts
6.3.2. Spacecrafts
7. North America Aerospace Engineering Market, 2020-2030, USD (Billion)
7.1. Market Overview
7.2. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
7.3. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
7.4.Aerospace Engineering Market: By Region, 2020-2030, USD (Billion)
7.4.1.North America
7.4.1.1. U.S.
7.4.1.1.1. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
7.4.1.1.1. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
7.4.1.2. Canada
7.4.1.2.1. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
7.4.1.2.1. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
7.4.1.3. Rest of North America
7.4.1.3.1. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
7.4.1.3.1. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
8. UK and European Union Aerospace Engineering Market, 2020-2030, USD (Billion)
8.1. Market Overview
8.2. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
8.3. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
8.4.Aerospace Engineering Market: By Region, 2020-2030, USD (Billion)
8.4.1.UK and European Union
8.4.1.1. UK
8.4.1.1.1. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
8.4.1.1.1. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
8.4.1.2. Germany
8.4.1.2.1. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
8.4.1.2.1. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
8.4.1.3. Spain
8.4.1.3.1. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
8.4.1.3.1. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
8.4.1.4. Italy
8.4.1.4.1. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
8.4.1.4.1. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
8.4.1.5. France
8.4.1.5.1. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
8.4.1.5.1. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
8.4.1.6. Rest of Europe
8.4.1.6.1. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
8.4.1.6.1. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
9. Asia Pacific Aerospace Engineering Market, 2020-2030, USD (Billion)
9.1. Market Overview
9.2. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
9.3. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
9.4.Aerospace Engineering Market: By Region, 2020-2030, USD (Billion)
9.4.1.Asia Pacific
9.4.1.1. China
9.4.1.1.1. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
9.4.1.1.1. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
9.4.1.2. Japan
9.4.1.2.1. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
9.4.1.2.1. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
9.4.1.3. India
9.4.1.3.1. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
9.4.1.3.1. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
9.4.1.4. Australia
9.4.1.4.1. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
9.4.1.4.1. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
9.4.1.5. South Korea
9.4.1.5.1. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
9.4.1.5.1. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
9.4.1.6. Rest of Asia Pacific
9.4.1.6.1. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
9.4.1.6.1. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
10. Latin America Aerospace Engineering Market, 2020-2030, USD (Billion)
10.1. Market Overview
10.2. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
10.3. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
10.4.Aerospace Engineering Market: By Region, 2020-2030, USD (Billion)
10.4.1.Latin America
10.4.1.1. Brazil
10.4.1.1.1. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
10.4.1.1.1. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
10.4.1.2. Mexico
10.4.1.2.1. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
10.4.1.2.1. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
10.4.1.3. Rest of Latin America
10.4.1.3.1. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
10.4.1.3.1. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
11. Middle East and Africa Aerospace Engineering Market, 2020-2030, USD (Billion)
11.1. Market Overview
11.2. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
11.3. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
11.4.Aerospace Engineering Market: By Region, 2020-2030, USD (Billion)
11.4.1.Middle East and Africa
11.4.1.1. GCC
11.4.1.1.1. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
11.4.1.1.1. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
11.4.1.2. Africa
11.4.1.2.1. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
11.4.1.2.1. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
11.4.1.3. Rest of Middle East and Africa
11.4.1.3.1. Aerospace Engineering Market: By Component, 2020-2030, USD (Billion)
11.4.1.3.1. Aerospace Engineering Market: By Application, 2020-2030, USD (Billion)
12. Company Profile
12.1. WS Atkins Plc.
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. Bombardier, Inc.
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. Cyient Ltd.
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. Elbit Systems Ltd.
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives
12.5. Leonardo DRS
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Portfolio
12.5.4. Strategic Initiatives
12.6. Saab Group
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Portfolio
12.6.4. Strategic Initiatives
12.7. Safran System Aerostructures
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Portfolio
12.7.4. Strategic Initiatives
12.8. Sonaca Group
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Portfolio
12.8.4. Strategic Initiatives
12.9. Strata Manufacturing PJSC
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Portfolio
12.9.4. Strategic Initiatives
12.10. UTC Aerospace Systems
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Portfolio
12.10.4. Strategic Initiatives
12.11. General Dynamics Corporation
12.11.1. Company Overview
12.11.2. Financial Performance
12.11.3. Product Portfolio
12.11.4. Strategic Initiatives
List of Figures
Figure 1 Global Aerospace Engineering Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Aerospace Engineering Market: Quality Assurance
Figure 5 Global Aerospace Engineering Market, By Component, 2021
Figure 6 Global Aerospace Engineering Market, By Application, 2021
Figure 7 Global Aerospace Engineering Market, By Geography, 2021
Figure 8 Market Geographical Opportunity Matrix - Global Aerospace Engineering Market, 2021
Figure 9 Market Positioning of Key Aerospace Engineering Market Players, 2021
Figure 10 Global Aerospace Engineering Market - Tier Analysis - Percentage of Revenues by Tier Level, 2021 Versus 2030
Figure 11 Global Aerospace Engineering Market, By Component, 2021 Vs 2030, %
Figure 12 Global Aerospace Engineering Market, By Application, 2021 Vs 2030, %
Figure 13 U.S. Aerospace Engineering Market (US$ Billion), 2020 - 2030
Figure 14 Canada Aerospace Engineering Market (US$ Billion), 2020 - 2030
Figure 15 Rest of North America Aerospace Engineering Market (US$ Billion), 2020 - 2030
Figure 16 UK Aerospace Engineering Market (US$ Billion), 2020 - 2030
Figure 17 Germany Aerospace Engineering Market (US$ Billion), 2020 - 2030
Figure 18 Spain Aerospace Engineering Market (US$ Billion), 2020 - 2030
Figure 19 Italy Aerospace Engineering Market (US$ Billion), 2020 - 2030
Figure 20 France Aerospace Engineering Market (US$ Billion), 2020 - 2030
Figure 21 Rest of Europe Aerospace Engineering Market (US$ Billion), 2020 - 2030
Figure 22 China Aerospace Engineering Market (US$ Billion), 2020 - 2030
Figure 23 Japan Aerospace Engineering Market (US$ Billion), 2020 - 2030
Figure 24 India Aerospace Engineering Market (US$ Billion), 2020 - 2030
Figure 25 Australia Aerospace Engineering Market (US$ Billion), 2020 - 2030
Figure 26 South Korea Aerospace Engineering Market (US$ Billion), 2020 - 2030
Figure 27 Rest of Asia Aerospace Engineering Market (US$ Billion), 2020 - 2030
Figure 28 Brazil Aerospace Engineering Market (US$ Billion), 2020 - 2030
Figure 29 Mexico Aerospace Engineering Market (US$ Billion), 2020 - 2030
Figure 30 Rest of Latin America Aerospace Engineering Market (US$ Billion), 2020 - 2030
Figure 31 GCC Aerospace Engineering Market (US$ Billion), 2020 - 2030
Figure 32 Africa Aerospace Engineering Market (US$ Billion), 2020 - 2030
Figure 33 Rest of Middle East and Africa Aerospace Engineering Market (US$ Billion), 2020 - 2030
List of Tables
Table 1 Global Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 2 Global Aerospace Engineering Market By Application, 2020-2030, USD (Billion)
Table 3 North America Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 4 North America Aerospace Engineering Market By Application, 2020-2030, USD (Billion)
Table 5 U.S. Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 6 U.S. Aerospace Engineering Market By Application, 2020-2030, USD (Billion)
Table 7 Canada Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 8 Canada Aerospace Engineering Market By Application, 2020-2030, USD (Billion)
Table 9 Rest of North America Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 10 Rest of North America Aerospace Engineering Market By Application, 2020-2030, USD (Billion)
Table 11 UK and European Union Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 12 UK and European Union Aerospace Engineering Market By Application, 2020-2030, USD (Billion)
Table 13 UK Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 14 UK Aerospace Engineering Market By Application, 2020-2030, USD (Billion)
Table 15 Germany Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 16 Germany Aerospace Engineering Market By Application, 2020-2030, USD (Billion)
Table 17 Spain Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 18 Spain Aerospace Engineering Market By Application, 2020-2030, USD (Billion)
Table 19 Italy Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 20 Italy Aerospace Engineering Market By Application, 2020-2030, USD (Billion)
Table 21 France Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 22 France Aerospace Engineering Market By Application, 2020-2030, USD (Billion)
Table 23 Rest of Europe Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 24 Rest of Europe Aerospace Engineering Market By Application, 2020-2030, USD (Billion)
Table 25 Asia Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 26 Asia Aerospace Engineering Market By Application, 2020-2030, USD (Billion)
Table 27 China Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 28 China Aerospace Engineering Market By Application, 2020-2030, USD (Billion)
Table 29 Japan Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 30 Japan Aerospace Engineering Market By Application, 2020-2030, USD (Billion)
Table 31 India Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 32 India Aerospace Engineering Market By Application, 2020-2030, USD (Billion)
Table 33 Australia Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 34 Australia Aerospace Engineering Market By Application, 2020-2030, USD (Billion)
Table 35 South Korea Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 36 South Korea Aerospace Engineering Market By Application, 2020-2030, USD (Billion)
Table 37 Latin America Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 38 Latin America Aerospace Engineering Market By Application, 2020-2030, USD (Billion)
Table 39 Brazil Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 40 Brazil Aerospace Engineering Market By Application, 2020-2030, USD (Billion)
Table 41 Mexico Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 42 Mexico Aerospace Engineering Market By Application, 2020-2030, USD (Billion)
Table 43 Rest of Latin America Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 44 Rest of Latin America Aerospace Engineering Market By Application, 2020-2030, USD (Billion)
Table 45 Middle East and Africa Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 46 Middle East and Africa Aerospace Engineering Market By Application, 2020-2030, USD (Billion)
Table 47 GCC Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 48 GCC Aerospace Engineering Market By Application, 2020-2030, USD (Billion)
Table 49 Africa Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 50 Africa Aerospace Engineering Market By Application, 2020-2030, USD (Billion)
Table 51 Rest of Middle East and Africa Aerospace Engineering Market By Component, 2020-2030, USD (Billion)
Table 52 Rest of Middle East and Africa Aerospace Engineering Market By Application, 2020-2030, USD (Billion)

Companies Mentioned

  • WS Atkins Plc
  • Bombardier Inc
  • Cyient Ltd
  • Elbit Systems Ltd
  • Leonardo DRS
  • Saab Group
  • Safran System Aerostructures
  • Sonaca Group
  • Strata Manufacturing PJSC
  • UTC Aerospace Systems
  • General Dynamics Corporation.