In its mature stage the aerospace industry continues to grow steadily because of increased air traffic, the need for fuel efficiency, and the spike in demand for lightweight aircraft.
There are strong growth prospects in the aviation segment of this industry, thanks to growing demand for business jets and new-generation aircraft in the Middle East and Asia Pacific.
The defense segment is declining in revenue because of reduced defense budgets among developed nations. However, developing countries are increasing their defense budgets in order to upgrade to more advanced military equipment, which will balance the global market in the long run.
Technavio’s aerospace and defense domain provides actionable insights for stakeholders in government institutions, airport authorities, original equipment manufacturers (OEMs) of aircraft and aircraft components, defense contractors, and R&D centres and institutes.
Some of the participants at the forefront of the aerospace and defense industry include Airbus, BAE Systems, Boeing, General Dynamics, General Electric, Honeywell, Lockheed Martin, Northrop Grumman, Pratt & Whitney, Raytheon, and Rolls-Royce.
Our existing reports in this segment cover topics such as aerospace and aircraft materials, aerostructure, aircraft carriers, attack helicopters, communication, components, display, electronic warfare systems, engines, fighter aircraft, helicopters, land vehicles, navigation, patrol vessels, rotary and fixed aircraft, sensor and control systems, submarines, sensor and control systems, weapons systems, transport aircraft, and weapons systems.
These reports are grouped under aerospace components; aerospace manufacturing; commercial aviation, general aviation; defence technology; aerospace products; defense; and maintenance, repair, and operations (MRO); aerospace components; space; homeland security.