Aerospace Market Report 2023 - Analysis, Competition, Forecasts And Opportunities, 2023-2032

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Aerospace Global Market Report 2023
Market Size, Trends and Global Forecast 2023-2032
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Aerospace Market Segments
The Business Research Company segments its
Aerospace market report as
Commercial Aircraft, Aircraft Maintenance, Repair
and Overhauling Services, Aerospace Support and
Auxiliary Equipment
By Type
Wide-Body, Narrow-Body, Regional, Others
By Size
Government, Private Sector
By End-User
Autonomous Aircraft, Manual
By Operation
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Aerospace Market Statistics
The global aerospace market size will grow from
261.12 billion in 2022 to 278.43 billion in
2023 at a compound annual growth rate (CAGR) of
6.6. The market size of aerospace is expected to
grow to 358.44 billion in 2027 at a CAGR of 6.5.
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Key Market Drivers And Trends
Drivers
The overall economic growth of the emerging
economies is expected to positively impact the
commercial aircraft manufacturing market.
Trends
Aircraft manufacturers are using machine-learning
techniques such as artificial intelligence (AI)
to improve aircraft safety and quality and to
improve manufacturing productivity.
Region
North America was the largest region in the
aerospace market in 2022. The regions covered in
the aerospace market report are Asia-Pacific,
Western Europe, Eastern Europe, North America,
South America, Middle East and Africa.
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Key Market Players

• Major players in the Aerospace market are
• Airbus Group SE
• Raytheon Technologies Corporation
• The Boeing Company
• General Electric Company
• Safran SA
• And more.

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