The aerospace & defense industry consists of establishments
involved in developing prototypes and manufacturing or assembling of complete
aircrafts, aircraft parts, radars, weapons and ground vehicles for civilian and
military purpose. These companies are also providing maintenance, repair and
overhauling services to the aircrafts and other after sales services.
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The global aerospace & defense
industry has shown moderate growth in the past years with a CAGR of over
2%. The year 2017 recorded highest ever market value in this industry as per
TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in
the market for each year with sourced reasons to support the growth claims.
The report also shows the aerospace
& defense industry to grow at double the CAGR by 2021 as compared to
2017, along with geographies best suited for investments with highest return
rate.
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The global aerospace & defense market is expected to grow at a
compound annual growth rate (CAGR) of 5.5% by 2021. This can be attributed to
the expected increase in economic activity and high demand for air travel,
particularly in developing. Additionally, defense industry is also expected to
contribute to the growing aerospace & defense market by increasing the production
of unmanned aerial vehicles, smart guns and nuclear ballistic missiles, in the
forecast period.
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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