Aviation Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, China, India, UK, Germany - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 158 SKU: IRTNTR75544

Aviation Market Forecast 2023-2027

The Aviation Market size is estimated to increase by USD 438.72 billion, at a CAGR of 6.2% between 2022 and 2027. The growth of the market depends on several factors such as the increasing efficiency of airlines, a rise in investments in airport infrastructure and an increase in the number of airports and terminals being constructed.

It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Aviation Market During the Forecast Period?

Market Forecast 2023-2027

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Market Dynamics

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. 

Key Driver- Improved efficiency of airlines 

Better aircraft utilization is one of the major reasons for improved energy efficiency in aircraft. The average number of passengers and cargo weight per flight has increased, lowering energy use per useful service delivered. Fleet renewal is another driver of efficiency improvement. To align with global climate goals, aviation energy efficiency needs to improve by more than 3% per year by 2040. Some of the infrastructure is already in place to achieve these objectives. Policy measures such as carbon pricing and even more stringent efficiency standards will rise the demand for aviation fuel in the upcoming years.

Innovations and improvements in the design of the wings in aircraft can result in a considerable rise in efficiency as it reduces fuel costs and pollution. Another important aspect is by using flexible navigation systems along with real-time updates and replacing current aircraft navigation plans, aircraft can avoid unfavourable weather conditions, such as high winds and storms, and take advantage of favorable weather conditions. The blended wing body (BWB), which is currently in the progressive stage, could reduce fuel use as well as emissions. These factors are expected to drive the growth of the global market during the forecast period.

Major Trends-Shift toward radio-frequency identification (RFID)

Radio-Frequency Identification (RFID) is a method in which electromagnetic fields are used to transfer data using a wireless network to track tags attached to objects. RFID tags are beneficial for aircraft and are used to track them electronically. They are widely used in the military, aerospace, and retail industries. Using RFID tags can enhance manufacturing efficiency, as these tags allow manufacturers to manage their spare parts inventory. On the other hand, these tags allow manufacturers to verify the authenticity of the parts during purchase or use. Aircraft maintenance companies can use this technology to get access to an aircraft's full maintenance history and identify defective parts quickly, thereby reducing flight delays and cancellations. These factors will positively impact the market growth during the forecast period.

Challenge- Complexities in the supply chain due to growing technological advancement 

Though new aircraft already integrate new technologies, composites, and structures, the old fleet of aircraft that are still operational across many countries may not be compatible with advanced manufacturing technologies and new electrical systems. These changes have reduced the upgrading of old aircraft and created multiple challenges across the supply chain for aircraft parts and materials. The supply base of the aviation industry constantly faces problems in keeping pace with the demands of aircraft OEMs.The availability of new advanced platforms, such as the B787 MAX, A330neo, A320neo, and Bombardier's C-Series, has intensified the demand for the integration of advanced technology into old fleets, thus putting pressure on spare part manufacturers and suppliers to make their products available on time. The complexities in the aviation supply chain due to growing technological advancements will badly impact the growth of the market during the forecast period.

Market Segmentation by Type, Revenue Stream, and Geography

The commercial aircraft segment in the global market is expected to witness significant growth in terms of market revenue when compared. Commercial aircraft are used for various transportation purposes, such as tourism, passenger travel, business travel, and freight transportation.

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The commercial aviation segment was valued at USD 755.00 billion in 2017 and continued to grow until 2021. Commercial aircraft are used for different transportation purposes, such as passenger travel, tourism, business travel, and freight transportation. However, factors such as the growth in disposable income of the middle-class population and the emergence of low-cost airline companies have had a good impact on the number of air passengers, which, in turn, has led to an increase in the demand for commercial aircraft in the global market. Such factors will thus drive the growth of commercial aircraft.

Revenue Stream Segment Analysis

The passenger aircraft segment holds an important position in the global market. This segment is very much critical as it includes large commercial airlines that continuously require fuel for their operations. The aviation industry has witnessed an increase in passenger traffic, leading to a rise in demand for commercial aircraft. For FY2023, domestic passenger traffic is estimated at 1360 million and marginally higher than ICRA's (Indian aviation industry) estimates of 1300-1350 million. For FY2023, the overall airline capacity deployment was higher by 38% as compared to FY2022. For March 2023, domestic air passenger traffic has witnessed an increase of 8% compared to February 2023. This trend has resulted in the growth of the passenger aircraft segment in aviation.

Regional Analysis

APAC is estimated to contribute 52% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.  

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The market in APAC is expected to witness considerable growth during the forecast period. For instance, India's airline industry is poised for expansion with over 1,100 aircraft on order from several domestic airlines in 2023. Air India, placed orders for a total of 470 planes with Airbus and Boeing. The country's largest airline, IndiGo, has around 500 aircraft on order, and Akasa Air has ordered 72 Boeing narrow-body aircraft, of which 16 have been delivered. This is primarily attributed to an increase in air passenger transportation across the region. APAC, with about half of the global population residing in it, is a large consumer base with an increasing number of middle-class households. Emerging economies in APAC, such as India and China, are witnessing a surge in air passenger travel, which is primarily attributed to the growing spending by middle-class households. The increase in airline connectivity at a domestic level and a decrease in the average fare due to the. However, advancements in technology, such as automation and digitalization, are enhancing the overall efficiency and safety of the market in the region. Therefore, these factors will escalate the growth of the market in APAC during the forecast period.

Who are the Major Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Airbus SE: The company offers aviation services such as Passenger Aircraft. 

Bombardier Inc: The company offers aviation services such as Business aircraft. 

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market players, including:

  • DAHER
  • Dassault Aviation SA
  • Embraer SA
  • General Dynamics Corp.
  • General Electric Co.
  • Leonardo Spa
  • Lockheed Martin Corp.
  • Northrop Grumman Systems Corp.
  • Pilatus Aircraft Ltd.
  • Raytheon Technologies Corp.
  • Rolls Royce Holdings Plc
  • Saab AB
  • Safran SA

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends opportunities from 2017 to 2027. 

  • Type Outlook (USD Million, 2017 - 2027)
    • Commercial aviation
    • Military aviation
    • General aviation
  • Revenue Stream Outlook (USD Million, 2017 - 2027)
    • Passenger
    • Freight
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The Market in the commercial sector encompasses a wide range of aircraft, including helicopters, business jets, and general aviation aircraft. With a focus on medical supplies and catering to VIPs through charter operations, the market is closely monitored for orders and deliveries.

The shift towards newer generation aircraft is driven by factors such as fuel efficiency, situational awareness, and tactical advantage. Production and delivery rates are crucial metrics in this competitive market, especially amidst travel restrictions and evolving routes.

Transatlantic expansion and the rise of e-commerce operations have led to an increased demand for freighter aircraft, including models like the B777-8 freighters. Boeing's Commercial division plays a significant role in shaping the market through its innovative aircraft designs and solutions.

Market Scope

Report Coverage

Details

Page number

158

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Decelerate at a CAGR of 6.2%

Market growth 2023-2027

USD 438.72 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

7.12

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 52%

Key countries

US, China, India, UK, and Germany

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Airbus SE, BAE Systems Plc, Bombardier Inc., DAHER, Dassault Aviation SA, Embraer SA, General Dynamics Corp., General Electric Co., Leonardo Spa, Lockheed Martin Corp., Northrop Grumman Systems Corp., Pilatus Aircraft Ltd., Raytheon Technologies Corp., Rolls Royce Holdings Plc, Saab AB, Safran SA, Textron Inc., Thales Group, The Boeing Co., and United Aircraft Corp.

Market dynamics

Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period

Customization purview

If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Revenue Stream
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global aviation market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global aviation market 2017 - 2021 ($ billion)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
    • 4.3 Revenue Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Revenue Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Commercial aviation - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Commercial aviation - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Commercial aviation - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Commercial aviation - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Commercial aviation - Year-over-year growth 2022-2027 (%)
    • 6.4 Military aviation - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Military aviation - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Military aviation - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Military aviation - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Military aviation - Year-over-year growth 2022-2027 (%)
    • 6.5 General aviation - Market size and forecast 2022-2027
      • Exhibit 42: Chart on General aviation - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on General aviation - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on General aviation - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on General aviation - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Type
      • Exhibit 46: Market opportunity by Type ($ billion)
      • Exhibit 47: Data Table on Market opportunity by Type ($ billion)

    7 Market Segmentation by Revenue Stream

    • 7.1 Market segments
      • Exhibit 48: Chart on Revenue Stream - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on Revenue Stream - Market share 2022-2027 (%)
    • 7.2 Comparison by Revenue Stream
      • Exhibit 50: Chart on Comparison by Revenue Stream
      • Exhibit 51: Data Table on Comparison by Revenue Stream
    • 7.3 Passenger - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Passenger - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Data Table on Passenger - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 54: Chart on Passenger - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Passenger - Year-over-year growth 2022-2027 (%)
    • 7.4 Freight - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Freight - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Data Table on Freight - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 58: Chart on Freight - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Freight - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Revenue Stream
      • Exhibit 60: Market opportunity by Revenue Stream ($ billion)
      • Exhibit 61: Data Table on Market opportunity by Revenue Stream ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 UK - Market size and forecast 2022-2027
      • Exhibit 95: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 India - Market size and forecast 2022-2027
      • Exhibit 103: Chart on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ billion)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 Airbus SE
              • Exhibit 115: Airbus SE - Overview
              • Exhibit 116: Airbus SE - Business segments
              • Exhibit 117: Airbus SE - Key news
              • Exhibit 118: Airbus SE - Key offerings
              • Exhibit 119: Airbus SE - Segment focus
            • 12.4 Bombardier Inc.
              • Exhibit 120: Bombardier Inc. - Overview
              • Exhibit 121: Bombardier Inc. - Product / Service
              • Exhibit 122: Bombardier Inc. - Key offerings
            • 12.5 DAHER
              • Exhibit 123: DAHER - Overview
              • Exhibit 124: DAHER - Product / Service
              • Exhibit 125: DAHER - Key offerings
            • 12.6 Dassault Aviation SA
              • Exhibit 126: Dassault Aviation SA - Overview
              • Exhibit 127: Dassault Aviation SA - Product / Service
              • Exhibit 128: Dassault Aviation SA - Key offerings
            • 12.7 Embraer SA
              • Exhibit 129: Embraer SA - Overview
              • Exhibit 130: Embraer SA - Business segments
              • Exhibit 131: Embraer SA - Key offerings
              • Exhibit 132: Embraer SA - Segment focus
            • 12.8 General Dynamics Corp.
              • Exhibit 133: General Dynamics Corp. - Overview
              • Exhibit 134: General Dynamics Corp. - Business segments
              • Exhibit 135: General Dynamics Corp. - Key news
              • Exhibit 136: General Dynamics Corp. - Key offerings
              • Exhibit 137: General Dynamics Corp. - Segment focus
            • 12.9 Leonardo Spa
              • Exhibit 138: Leonardo Spa - Overview
              • Exhibit 139: Leonardo Spa - Business segments
              • Exhibit 140: Leonardo Spa - Key news
              • Exhibit 141: Leonardo Spa - Key offerings
              • Exhibit 142: Leonardo Spa - Segment focus
            • 12.10 Lockheed Martin Corp.
              • Exhibit 143: Lockheed Martin Corp. - Overview
              • Exhibit 144: Lockheed Martin Corp. - Business segments
              • Exhibit 145: Lockheed Martin Corp. - Key news
              • Exhibit 146: Lockheed Martin Corp. - Key offerings
              • Exhibit 147: Lockheed Martin Corp. - Segment focus
            • 12.11 Northrop Grumman Systems Corp.
              • Exhibit 148: Northrop Grumman Systems Corp. - Overview
              • Exhibit 149: Northrop Grumman Systems Corp. - Business segments
              • Exhibit 150: Northrop Grumman Systems Corp. - Key news
              • Exhibit 151: Northrop Grumman Systems Corp. - Key offerings
              • Exhibit 152: Northrop Grumman Systems Corp. - Segment focus
            • 12.12 Pilatus Aircraft Ltd.
              • Exhibit 153: Pilatus Aircraft Ltd. - Overview
              • Exhibit 154: Pilatus Aircraft Ltd. - Product / Service
              • Exhibit 155: Pilatus Aircraft Ltd. - Key offerings
            • 12.13 Raytheon Technologies Corp.
              • Exhibit 156: Raytheon Technologies Corp. - Overview
              • Exhibit 157: Raytheon Technologies Corp. - Business segments
              • Exhibit 158: Raytheon Technologies Corp. - Key news
              • Exhibit 159: Raytheon Technologies Corp. - Key offerings
              • Exhibit 160: Raytheon Technologies Corp. - Segment focus
            • 12.14 Saab AB
              • Exhibit 161: Saab AB - Overview
              • Exhibit 162: Saab AB - Business segments
              • Exhibit 163: Saab AB - Key news
              • Exhibit 164: Saab AB - Key offerings
              • Exhibit 165: Saab AB - Segment focus
            • 12.15 Textron Inc.
              • Exhibit 166: Textron Inc. - Overview
              • Exhibit 167: Textron Inc. - Business segments
              • Exhibit 168: Textron Inc. - Key news
              • Exhibit 169: Textron Inc. - Key offerings
              • Exhibit 170: Textron Inc. - Segment focus
            • 12.16 Thales Group
              • Exhibit 171: Thales Group - Overview
              • Exhibit 172: Thales Group - Business segments
              • Exhibit 173: Thales Group - Key news
              • Exhibit 174: Thales Group - Key offerings
              • Exhibit 175: Thales Group - Segment focus
            • 12.17 The Boeing Co.
              • Exhibit 176: The Boeing Co. - Overview
              • Exhibit 177: The Boeing Co. - Business segments
              • Exhibit 178: The Boeing Co. - Key offerings
              • Exhibit 179: The Boeing Co. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 180: Inclusions checklist
                • Exhibit 181: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 182: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 183: Research methodology
                • Exhibit 184: Validation techniques employed for market sizing
                • Exhibit 185: Information sources
              • 13.5 List of abbreviations
                • Exhibit 186: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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