GITNUX MARKETDATA REPORT 2024

Aerospace Industry Statistics

Aerospace industry statistics provide valuable insights into the economic performance, trends, and challenges of companies involved in the design, production, and maintenance of aircraft and spacecraft.

Statistic 1

"The global aerospace parts manufacturing market is projected to grow at a CAGR of 3.8% from 2020 to 2027."

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Statistic 2

"Space transportation is expected to generate $1 trillion in revenue by 2040."

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Statistic 3

"The global aerospace industry is valued at approximately $838 billion as of 2021."

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Statistic 4

"The number of air passengers is expected to double to 8.2 billion by 2037."

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Statistic 5

"Airbus and Boeing are the two largest aircraft manufacturers, controlling over 80% of the global market."

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Statistic 6

"The global aerospace composites market was valued at $22.76 billion in 2019."

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Statistic 7

"The aerospace sector’s IT spending is projected to reach $5 billion by 2027."

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Statistic 8

"The aerospace sector supports more than 2.5 million jobs in the United States alone."

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Statistic 9

"In 2020, the aerospace sector contributed around $374 billion in sales revenue to the U.S. economy."

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Statistic 10

"Commercial aviation accounts for roughly 75% of the aerospace market."

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Statistic 11

"Asia-Pacific is expected to be the fastest-growing region in the aerospace market, with a CAGR of over 5%."

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Statistic 12

"In 2021, the aerospace industry accounted for 1.5% of the U.S. GDP."

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Statistic 13

"Defense spending represents about 25% of the total aerospace market."

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Statistic 14

"The aerospace industry's investment in research and development is approximately $30 billion annually."

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Statistic 15

"The average lifespan of a commercial aircraft is about 20-30 years."

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Statistic 16

"The U.S. exports of aerospace products were valued at approximately $136 billion in 2019."

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Statistic 17

"The U.S. aerospace & defense market accounted for nearly $408 billion in revenue in 2019."

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Statistic 18

"Commercial aircraft production is expected to grow at a rate of 3.5% annually over the next decade."

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Statistic 19

"The global UAV (Unmanned Aerial Vehicle) market is projected to grow from $20.8 billion in 2021 to $58.4 billion by 2026."

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Statistic 20

"The global satellite manufacturing and launch market was valued at approximately $26 billion in 2020."

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