GITNUX MARKETDATA REPORT 2024

The Most Surprising Aerospace And Defense Industry Statistics in 2024

Statistic 1

"By 2025, electric propulsion systems are expected to make significant inroads in smaller commercial aircraft."

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Statistic 2

"The U.S. defense budget was $732 billion in 2019, making it the largest in the world."

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Statistic 3

"In 2020, the aerospace and defense industry in the U.S. supported around 2.18 million jobs."

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Statistic 4

"Airbus had a market share of approximately 62% of the global commercial aircraft market in 2020."

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Statistic 5

"The Asia-Pacific region is expected to be the fastest-growing market for aerospace and defense over the next decade."

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Statistic 6

"The defense sector accounted for nearly 57% of the U.S. aerospace industry revenue in 2019."

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Statistic 7

"The European defense industry employs over 500,000 people and supports an additional 1.2 million indirect jobs."

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Statistic 8

"In 2019, the U.S. exported approximately $143 billion worth of aerospace products."

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Statistic 9

"The UK aerospace sector generated £35 billion in 2019."

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Statistic 10

"Commercial aerospace sales are expected to recover and grow at a CAGR of 7.7% from 2021 to 2027."

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Statistic 11

"The global aerospace and defense industry market was valued at approximately $685.6 billion in 2020."

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Statistic 12

"The global avionics market is expected to reach $92 billion by 2027, growing at a CAGR of 6.5%."

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Statistic 13

"Lockheed Martin topped global defense revenues with $56.6 billion in sales in 2019."

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Statistic 14

"The aerospace and defense industry witnessed a 42% decline in commercial aircraft deliveries in 2020 due to COVID-19."

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Statistic 15

"The global aerospace and defense manufacturing market size is estimated to grow at a CAGR of 4.1% from 2021 to 2028."

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Statistic 16

"Boeing and Airbus are the two largest commercial aircraft manufacturers worldwide."

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Statistic 17

"The U.S. aerospace and defense industry contributed $374 billion in economic output in 2018."

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Statistic 18

"The aerospace and defense MRO (maintenance, repair, and operations) market was valued at $71.5 billion in 2021."

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Statistic 19

"The U.S. military aircraft fleet is the largest in the world, consisting of over 13,000 aircraft."

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Statistic 20

"The space segment of the aerospace and defense industry was valued at over $350 billion globally in 2020."

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