Aerospace engineering 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. On account of rising air travel across the world coupled with increasing need to ensure safe and secure aircrafts, the overall aerospace engineering industry has been witnessing increasing levels of investments in the recent years. Thereby, the overall aerospace engineering market is expected to grow at a sustainable rate during the forecast period.
As of 2016, the overall aerospace engineering market was valued at US$ 70.01 Bn and is estimated to reach US$ 99.5Bn by 2025. The market is projected to expand with a CAGR of 4.1% from 2017 to 2025.
The research study on aerospace engineering market is classified into following categories:
Aerospace engineering market by component:
Aerospace engineering market by application:
The report evaluates different types and application segments in terms of revenue (US$ Mn).
This research study include exhaustive analysis of aerospace engineering industry in following regions and countries:
The report also includes cross sectional market estimates at regional and country level (e.g. North America market by product type and U.S. market by component type).
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. This study includes market historical market size of Aerospace engineering (2015 & 2016), and forecast for the period 2017 – 2025 in terms of revenue.
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.
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
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
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Aerospace Engineering Market
2.2 Global Aerospace Engineering Market, By Component
2.3 Global Aerospace Engineering Market, By Application
2.4 Global Aerospace Engineering Market, By Geography
Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Aerospace Engineering Market Revenue, 2015 – 2025, (US$ Bn)
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.1.1 Rising Air Travel in the Asia Pacific region
3.2.1.1 Increasing Demand for advanced Aircraft Technology
3.2.2 Market Restraints
3.2.2.1 Decreasing Investments towards Aviation
3.3 See-Saw Analysis
3.3.1 Impact Analysis of Drivers and Restraints
3.5 Attractive Investment Proposition
3.6 Competitive Landscape
3.6.1 Market Positioning of Key Aerospace Engineering Providers
3.6.2 Leading player’s strategies
Chapter 4 Global Aerospace Engineering Market Analysis, By Component
4.1 Market Analysis
4.1.1 Global Aerospace Engineering Market, By Component, 2016 and 2025 (%)
4.2 Aerospace Structures
4.2.1 Global Aerospace Engineering Market Revenue and Growth for Aerospace Structures, 2015 – 2025, (US$ Bn)
4.3 Aerospace Services
4.3.1 Global Aerospace Engineering Market Revenue and Growth for Aerospace Services, 2015 – 2025, (US$ Bn)
Chapter 5 Global Aerospace Engineering Market Analysis, By Application
5.1 Market Analysis
5.1.1 Global Aerospace Engineering Market, By Application, 2016 and 2025 (%)
5.2 Aircrafts
5.2.1 Global Aerospace Engineering Market Revenue and Growth for Aircrafts, 2015 – 2025, (US$ Bn)
5.3 Spacecrafts
5.3.1 Global Aerospace Engineering Market Revenue and Growth for Spacecrafts, 2015 – 2025, (US$ Bn)
Chapter 6 North America Aerospace Engineering Market Analysis
6.1 Overview
6.1.1 North America Aerospace Engineering Market Revenue and Growth, 2015 – 2025, (US$ Mn)
6.2 North America Aerospace Engineering Market Analysis, By Component, 2015 – 2025 (US$ Bn)
6.2.1 SRC Analysis
6.3 North America Aerospace Engineering Market Analysis, By Application, 2015 – 2025 (US$ Bn)
6.3.1 SRC Analysis
6.4 North America Aerospace Engineering Market Analysis, By Country, 2015 – 2025 (US$ Bn)
6.4.1 U.S.
6.4.1.1 U.S. Aerospace Engineering Market Revenue and Growth, 2015 – 2025, (US$ Bn)
6.4.2 Rest of North America
6.4.2.1 Rest of North America Aerospace Engineering Market Revenue and Growth, 2015 – 2025, (US$ Bn)
Chapter 7 Europe Aerospace Engineering Market Analysis
7.1 Overview
7.1.1 Europe Aerospace Engineering Market Revenue and Growth, 2015 – 2025, (US$ Mn)
7.2 Europe Aerospace Engineering Market Analysis, By Component, 2015 – 2025 (US$ Bn)
7.2.1 SRC Analysis
7.3 Europe Aerospace Engineering Market Analysis, By Application, 2015 – 2025 (US$ Bn)
7.3.1 SRC Analysis
7.4 Europe Aerospace Engineering Market Analysis, By Country, 2015 – 2025 (US$ Bn)
7.4.1 UK.
7.4.1.1 UK Aerospace Engineering Market Revenue and Growth, 2015 – 2025, (US$ Bn)
7.4.2 Germany
7.4.2.1 Germany Aerospace Engineering Market Revenue and Growth, 2015 – 2025, (US$ Bn)
7.4.3 France
7.4.3.1 France Aerospace Engineering Market Revenue and Growth, 2015 – 2025, (US$ Bn)
7.4.4 Rest of Europe
7.4.4.1 Rest of Europe Aerospace Engineering Market Revenue and Growth, 2015 – 2025, (US$ Bn)
Chapter 8 Asia Pacific Aerospace Engineering Market Analysis
8.1 Overview
8.1.1 Asia Pacific Aerospace Engineering Market Revenue, 2015 – 2025, (US$ Bn)
8.2 Asia Pacific Aerospace Engineering Market Analysis, By Component, 2015 – 2025 (US$ Bn)
8.2.1 SRC Analysis
8.3 Asia Pacific Aerospace Engineering Market Analysis, By Application, 2015 – 2025 (US$ Bn)
8.3.1 SRC Analysis
8.4 Asia Pacific Aerospace Engineering Market Analysis, By Country, 2015 – 2025 (US$ Bn)
8.4.1 China
8.4.1.1 China Aerospace Engineering Market Revenue and Growth, 2015 – 2025, (US$ Bn)
8.4.2 Japan
8.4.2.1 Japan Aerospace Engineering Market Revenue and Growth, 2015 – 2025, (US$ Bn)
8.4.3 Rest of Asia Pacific
8.4.3.1 Rest of Asia Pacific Aerospace Engineering Market Revenue and Growth, 2015 – 2025, (US$ Bn)
Chapter 9 Rest of the World Aerospace Engineering Market Analysis
9.1 Overview
9.1.1 Rest of the World (RoW) Aerospace Engineering Market Revenue, 2015 – 2025, (US$ Bn)
9.2 Rest of the World Aerospace Engineering Market Analysis, By Component, 2015 – 2025 (US$ Bn)
9.2.1 SRC Analysis
9.3 Rest of the World Aerospace Engineering Market Analysis, By Application, 2015 – 2025 (US$ Bn)
9.3.1 SRC Analysis
9.4 Rest of the World Aerospace Engineering Market Analysis, By Region, 2015 – 2025 (US$ Bn)
9.4.1 Latin America
9.4.1.1 Latin America Aerospace Engineering Market Revenue and Growth, 2015 – 2025, (US$ Bn)
9.4.2 Middle East and Africa
9.4.2.1 Middle East and Africa Aerospace Engineering Market Revenue and Growth, 2015 – 2025, (US$ Bn)
Chapter 10 Company Profiles
10.1 WS Atkins Plc.
10.1.1 WS Atkins Plc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
10.2 Bombardier, Inc.
10.2.1 Bombardier, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
10.3 Cyient Ltd.
10.3.1 Cyient Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
10.4 Elbit Systems Ltd.
10.4.1 Elbit Systems Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
10.5 Leonardo DRS
10.5.1 Leonardo DRS: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
10.6 Saab Group
10.6.1 Saab Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
10.7 Safran System Aerostructures
10.7.1 Safran System Aerostructures: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
10.8 Sonaca Group
10.8.1 Sonaca Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
10.9 Strata Manufacturing PJSC
10.9.1 Strata Manufacturing PJSC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
10.10 UTC Aerospace Systems
10.10.1 UTC Aerospace Systems: Company Snapshot
(Company Details, Geographical Presence, Product Portfolio, Recent Developments)
10.11 General Dynamics Corporation
10.11.1 General Dynamics Corporation: Company Snapshot
(Company Details, Geographical Presence, Product Portfolio, Recent Developments)
List Of Table :
TABLE 1 Market Snapshot: Global Aerospace Engineering Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America Aerospace Engineering Market Analysis, By Component, 2015 – 2025 (US$ Bn)
TABLE 5 North America Aerospace Engineering Market Analysis, By Application, 2015– 2025 (US$ Bn)
TABLE 6 Europe Aerospace Engineering Market Analysis, By Component, 2015 – 2025 (US$ Bn)
TABLE 7 Europe Aerospace Engineering Market Analysis, By Application, 2015– 2025 (US$ Bn)
TABLE 8 Asia Pacific Aerospace Engineering Market Analysis, By Component, 2015 – 2025 (US$ Bn)
TABLE 9 Asia Pacific Aerospace Engineering Market Analysis, By Application, 2015– 2025 (US$ Bn)
TABLE 10 Rest of the World Aerospace Engineering Market Analysis, By Component, 2015 – 2025 (US$ Bn)
TABLE 11 Rest of the World Aerospace Engineering Market Analysis, By Application, 2015– 2025 (US$ Bn)
TABLE 12 WS Atkins Plc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 13 Bombardier, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 14 Cyient Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 15 Elbit Systems Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 16 Leonardo DRS: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 17 Saab Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 18 Safran System Aerostructures: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 19 Sonaca Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 20 Strata Manufacturing PJSC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 21 UTC Aerospace Systems: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 22 General Dynamics Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
List Of Figures :
FIG. 1 Global Aerospace Engineering Market: Research Methodology
FIG. 2 Top-Down and Bottom Up Approach
FIG. 3 Global Aerospace Engineering Market, By Component, 2016 (US$ Bn)
FIG. 4 Global Aerospace Engineering Market, By Application, 2016 (US$ Bn)
FIG. 5 Global Aerospace Engineering Market, By Geography, 2016 (US$ Bn)
FIG. 6 Global Aerospace Engineering Market Revenue, 2015 – 2025, (US$ Bn)
FIG. 7 See-Saw Analysis : Global Aerospace Engineering Market
FIG. 8 Attractive Investment Proposition
FIG. 9 Market Positioning of Key Aerospace Engineering Providers, 2016
FIG. 10 Global Aerospace Engineering Market, By Component, 2016 and 2025 (%)
FIG. 11 Global Aerospace Engineering Market Revenue and Growth for Aerospace Structures, 2015 – 2025, (US$ Bn)
FIG. 12 Global Aerospace Engineering Market Revenue and Growth for Aerospace Services, 2015 – 2025, (US$ Bn)
FIG. 13 Global Aerospace Engineering Market, By Application, 2016 and 2025 (%)
FIG. 14 Global Aerospace Engineering Market Revenue and Growth for Aircrafts, 2015 – 2025, (US$ Bn)
FIG. 15 Global Aerospace Engineering Market Revenue and Growth for Spacecrafts, 2015 – 2025, (US$ Bn)
FIG. 16 North America Aerospace Engineering Market Revenue and Growth, 2015 – 2025, (US$ Mn)
FIG. 17 U.S. Aerospace Engineering Market Revenue and Growth, 2015– 2025, (US$ Bn)
FIG. 18 Rest of North America Aerospace Engineering Market Revenue and Growth, 2015 – 2025, (US$ Bn)
FIG. 19 Europe Aerospace Engineering Market Revenue and Growth, 2015 – 2025, (US$ Mn)
FIG. 20 UK Aerospace Engineering Market Revenue and Growth, 2015– 2025, (US$ Bn)
FIG. 21 Germany Aerospace Engineering Market Revenue and Growth, 2015 – 2025, (US$ Bn)
FIG. 22 France Aerospace Engineering Market Revenue and Growth, 2015 – 2025, (US$ Bn)
FIG. 23 Rest of Europe Aerospace Engineering Market Revenue and Growth, 2015 – 2025, (US$ Bn)
FIG. 24 Asia Pacific Aerospace Engineering Market Revenue, 2015 – 2025, (US$ Bn)
FIG. 25 China Aerospace Engineering Market Revenue and Growth, 2015– 2025, (US$ Bn)
FIG. 26 Japan Aerospace Engineering Market Revenue and Growth, 2015 – 2025, (US$ Bn)
FIG. 27 Rest of Asia Pacific Aerospace Engineering Market Revenue and Growth, 2015 – 2025, (US$ Bn)
FIG. 28 Rest of the World Aerospace Engineering Market Revenue, 2015 – 2025, (US$ Bn)
FIG. 29 Latin America Aerospace Engineering Market Revenue and Growth, 2015– 2025, (US$ Bn)
FIG. 30 Middle East and Africa Aerospace Engineering Market Revenue and Growth, 2015 – 2025, (US$ Bn)
Based on application, the global aerospace engineering market is classified into two major categories as follows:
The following figure represents contribution of these variants to the global aerospace engineering market.
After a period of slowdown between 2011 and 2014, the aircraft production has regained its original growth levels. The leading aircraft manufacturers across the globe have revised their forecasts and are expecting the aircraft fleet to double in size over the next two decades. The revised forecasts by aircraft manufacturers are majorly on account of the replacement demand of aging aircrafts, especially in developed economies. New regulations, emerging environmental concerns and airspace modernization are contributing towards the retirement of older aircrafts. Global economic growth and expanding air passenger traffic globally are further expected to drive aircraft production in the coming years. All these aforementioned factors are expected to drive aerospace engineering market during the forecast period.
The global aerospace engineering market is classified into four major regions i.e. North America, Europe, Asia Pacific and Rest of the World (RoW). The Rest of the world market is further classified into South America, Africa and Middle East.
In addition, we have covered following major countries in each regional market:
In 2016, North America represented the largest market for aerospace engineering, in terms of revenue. The region is principally supported by presence of a vast airline industry coupled with higher investments towards the defense sector. Europe followed North America in the overall aerospace engineering market in terms of revenue in 2016. The region is expected to witness sustainable growth at a CAGR of 4.6% during the forecast period from 2017 to 2025. The Asia Pacific aerospace engineering market is expected to grow with a fastest CAGR of 5.2% on account of rising demand from countries including Japan, China, and India, among others. The detailed breakdown of the aerospace engineering market, on the basis of geographic regions, is shown in the figure below:
