The Latest Aerospace Industry Statistics Explained
The global aerospace industry was worth approximately $830 billion in 2020.
The statistic indicates that the global aerospace industry generated an estimated combined value of around $830 billion in the year 2020. This value represents the total revenue and economic activity within the aerospace sector worldwide, encompassing areas such as commercial aviation, defense, space exploration, and related industries. The figure serves as a key indicator of the industry’s significance and economic impact on a global scale, highlighting the substantial financial contributions and technological advancements made by aerospace companies, manufacturers, and associated businesses in the respective year.
The US aerospace industry is expected to grow at a CAGR of 3% from 2020 till 2025.
This statistic indicates that the US aerospace industry is projected to experience a Compound Annual Growth Rate (CAGR) of 3% from the year 2020 to 2025. This means that on average, the industry is forecasted to increase in size by 3% each year over the specified time period. The CAGR provides a more reliable measure of the industry’s growth rate compared to a simple annual growth rate, as it considers the effect of compounding over multiple years. This growth forecast suggests that the US aerospace industry is expected to expand steadily over the next five years, indicating potential opportunities for companies operating within this sector.
The forecasted revenue of the global aerospace market in 2035 is $1.49 trillion.
The statistic stating that the forecasted revenue of the global aerospace market in 2035 is $1.49 trillion represents a projection of the total expected income generated by the aerospace industry worldwide in that particular year. This forecasted figure indicates the estimated total value of goods and services produced and sold within the aerospace sector, encompassing various segments such as commercial aircraft, defense systems, and space exploration. Such a statistic is crucial for policymakers, investors, industry stakeholders, and other interested parties to understand the potential growth and economic impact of the aerospace industry, influencing strategic decisions, resource allocations, and investment opportunities in this important sector.
The U.S. aerospace industry contributed $151 billion to export sales in 2018.
The statistic that the U.S. aerospace industry contributed $151 billion to export sales in 2018 highlights the significant economic impact of the aerospace sector on the country’s international trade. This figure reflects the value of aerospace products and services produced by U.S. companies and sold to foreign markets, indicating a strong global demand for American aerospace technology and expertise. The large contribution to export sales not only demonstrates the industry’s ability to compete internationally but also underscores its role in generating revenue, creating jobs, and fostering innovation within the U.S. economy. This statistic emphasizes the importance of the aerospace industry as a key player in driving economic growth and promoting U.S. competitiveness in the global marketplace.
U.S. Civil Aircraft segment increased 3 percent to $67 billion in 2018.
The statistic “U.S. Civil Aircraft segment increased 3 percent to $67 billion in 2018” indicates that the total revenue generated from civil aircraft in the United States experienced growth of 3 percent in 2018 compared to the previous year, reaching a total of $67 billion. This metric reflects the performance and financial health of the civil aircraft industry within the U.S. economy during that period. The increase suggests that there was a higher demand for civil aircraft, resulting in higher sales and revenue for the companies operating within this sector. This growth can be attributed to factors such as increased air travel, technological advancements, or changes in regulation that may have impacted the market.
In 2018, the aerospace industry contributed £373.9 billion to UK’s GDP.
The statistic states that in 2018, the aerospace industry, which encompasses the production of aircraft, spacecraft, and related parts and services, contributed £373.9 billion to the Gross Domestic Product (GDP) of the United Kingdom. This figure highlights the economic significance of the aerospace sector, indicating a substantial contribution to the overall economic output of the country. The aerospace industry’s impact on the GDP reflects the value of production, employment, and innovation within the industry, showcasing its role as a key driver of economic growth and competitiveness in the UK economy.
Currently, more than 1.7 million people are employed in the UK aerospace industry.
The statistic “Currently, more than 1.7 million people are employed in the UK aerospace industry” indicates that a significant number of individuals in the United Kingdom are working in various roles within the aerospace sector. This statistic underscores the industry’s importance as a major employer, contributing to economic growth and providing job opportunities for a large workforce. The aerospace industry encompasses various subsectors, including aircraft manufacturing, maintenance, repair, and operations, as well as research and development. The high number of employees in this sector reflects the demand for skilled labor and the UK’s position as a prominent player in the global aerospace market.
The aerospace industry in Canada contributes nearly 213,000 jobs and adds more than $28 billion to the GDP in the country.
The statistic indicates that the aerospace industry in Canada plays a significant role in the country’s economy by contributing nearly 213,000 jobs and adding more than $28 billion to the Gross Domestic Product (GDP). This suggests that the industry not only provides employment opportunities for a substantial number of Canadians but also has a considerable impact on the overall economic output of the country. The aerospace sector’s contribution to the GDP signifies its importance as a major industry in Canada, highlighting its role in driving economic growth and supporting various related industries and businesses. This statistic underscores the significance of the aerospace industry in Canada, both in terms of job creation and economic prosperity.
The defense sector generated 47.2% of the total revenue in the U.S. aerospace industry in 2019.
In 2019, the defense sector contributed significantly to the total revenue of the U.S. aerospace industry, accounting for 47.2% of the overall revenue generated. This statistic suggests that nearly half of the total revenue in the aerospace industry came from activities and investments related to defense, including the production of military aircraft, missiles, and other defense-related systems. This high percentage highlights the importance of defense contracts and government spending in driving the financial performance of the aerospace industry in the United States, indicating a strong reliance on defense-related projects to sustain the sector’s growth and profitability.
The global commercial aerospace seating market size was USD 3.85 billion in 2020.
The statistic “The global commercial aerospace seating market size was USD 3.85 billion in 2020” represents the total value of sales generated by companies worldwide that produce and sell seating solutions for commercial passenger airplanes in 2020. This figure includes revenue from the sales of various types of seats such as economy, business, and first-class seats used in commercial aircraft. The market size indicates the significant financial impact and scale of the commercial aerospace seating industry, highlighting the demand for such products in the aviation sector. This statistic is crucial for stakeholders in the aerospace industry, including manufacturers, suppliers, airlines, and investors, as it provides insight into the size and value of the global market for commercial aircraft seating.
Russia’s aerospace industry reached a value of approximately 1.6 trillion Russian rubles in 2020.
The statistic indicates that Russia’s aerospace industry generated a value of about 1.6 trillion Russian rubles in 2020. This figure reflects the total economic output of the aerospace sector in Russia for that year, encompassing all activities related to the design, development, manufacturing, and operation of aircraft, spacecraft, and related components and technologies. Such a substantial value underscores the significance of the aerospace industry within the Russian economy and highlights the country’s capabilities in the field of aerospace technology and innovation. The metric serves as a key indicator of the industry’s contribution to economic growth, job creation, and technological advancement within Russia.
In 2019, the aerospace industry of Mexico produced goods worth approximately 156.98 billion Mexican pesos.
The statistic indicates that in 2019, the aerospace industry in Mexico generated a total production value estimated to be around 156.98 billion Mexican pesos. This figure reflects the economic contribution of the aerospace sector in terms of goods produced within the country during that year. The production value represents the total worth of goods manufactured by the industry, encompassing aircraft, parts, components, and related products. The significant value suggests that the aerospace industry in Mexico played a crucial role in the country’s economy, contributing to employment, investment, and trade opportunities. This statistic underscores the importance of the aerospace sector as a key player in Mexico’s industrial landscape and highlights its potential for further growth and development in the future.
In the Asia Pacific region, the aerospace industry size was valued at $298 billion in 2019.
The statistic “In the Asia Pacific region, the aerospace industry size was valued at $298 billion in 2019” represents the total economic value generated by the aerospace industry in the countries located in the Asia Pacific region in the year 2019. This figure includes all revenues and output produced by companies involved in manufacturing aircraft, spacecraft, engines, parts, and related services within the region during that year. The size of the aerospace industry is a crucial indicator of the region’s strength and competitiveness in the global aviation and aerospace market, reflecting the level of technological advancements, investments, employment opportunities, and overall economic contribution of the industry to the region’s GDP.
The aerospace coatings market size was valued at USD 1.90 billion in 2019 globally.
The statistic states that the global aerospace coatings market had a total value of USD 1.90 billion in 2019. This figure represents the total amount of revenue generated from sales of aerospace coatings in that year across all regions worldwide. Aerospace coatings are specialized coatings used in the aviation industry to protect and enhance the appearance of aircraft surfaces, such as the exterior of planes and helicopters. The market size of USD 1.90 billion indicates the scale and financial significance of the aerospace coatings industry on a global scale, reflecting the demand for these products within the aviation sector during that specific year.
The aerospace and defence industry in India is estimated to reach $70 billion by 2030.
The statistic “The aerospace and defence industry in India is estimated to reach $70 billion by 2030” indicates that there is expected significant growth and expansion in the aerospace and defence sector in India over the next decade. This prediction suggests a positive outlook for the industry, implying increasing investments, technological advancements, and economic opportunities within this sector. The estimated $70 billion market size by 2030 signifies substantial potential for growth, creating opportunities for industry players, stakeholders, and the economy as a whole. This statistic highlights the importance and potential of the aerospace and defence industry in India as a key contributor to economic development and innovation in the coming years.
The global aerospace robotics market was valued at USD 2.27 billion in 2020.
This statistic indicates that the total market size of aerospace robotics, including robots used in various applications within the aerospace industry, was estimated to be USD 2.27 billion in 2020. This value represents the cumulative revenues generated by the sales of aerospace robotics equipment, technologies, and services within that specific period. The market size reflects the demand for robotics solutions in aerospace manufacturing, maintenance, and other related activities, showcasing the significance and growth potential of automation and robotics technologies in the aerospace sector. This statistic serves as a key indicator for stakeholders, investors, and decision-makers to understand the economic importance and trends in the aerospace robotics market.
As of 2019, the global aerospace 3D printing market was worth around $1.4 billion.
The statistic “As of 2019, the global aerospace 3D printing market was worth around $1.4 billion” indicates the estimated value of 3D printing technology specifically within the aerospace industry at that point in time. This suggests that aerospace companies around the world were collectively spending approximately $1.4 billion on utilizing 3D printing for various applications within their operations such as prototyping, manufacturing components, and creating complex designs. The significant value highlights the growing importance of 3D printing in the aerospace sector due to its ability to streamline production processes, reduce costs, and enable the creation of intricate geometries that were previously challenging or impossible to achieve using traditional manufacturing methods. This statistic serves as a benchmark for tracking the market’s growth and adoption of 3D printing technology in the aerospace industry.
The aerospace plastics market is anticipated to grow at a CAGR of over 3% during the forecast period 2020 – 2025.
This statistic indicates that the aerospace plastics market is expected to experience a Compound Annual Growth Rate (CAGR) surpassing 3% over the forecast period spanning from 2020 to 2025. The CAGR is a standardized measure used to represent the average annual rate of growth of a market or investment over a specified period. In this context, the projected CAGR of over 3% suggests that the aerospace plastics industry is likely to expand steadily and achieve positive growth throughout the forecast period, indicating potential opportunities for businesses and investors operating in this sector.
The Aerospace Maintenance Chemicals market worldwide is projected to grow by US$1.8 Billion, driven by a compounded growth of 2.3% over 2020-2026.
This statistic indicates that the Aerospace Maintenance Chemicals market is expected to experience significant growth over the period from 2020 to 2026, with a projected increase of US$1.8 billion. The growth is driven by a compounded annual growth rate (CAGR) of 2.3%, suggesting a steady and consistent expansion of the market during this time frame. This growth is likely influenced by factors such as increasing demand for aerospace maintenance services, technological advancements leading to the development of more efficient and specialized chemicals, and a growing aerospace industry worldwide. Overall, this statistic suggests a positive outlook for the Aerospace Maintenance Chemicals market and potential opportunities for market players in the industry.
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