The Latest Global Aerospace Industry Statistics Explained
The global aerospace and defense (A&D) industry recuperated as the year 2018 progressed. The sector, valued at US$839 billion, increased by 4.1%.
In 2018, the global aerospace and defense industry saw a positive recovery as the year progressed, with a notable increase in value by 4.1%. The industry, which was valued at US$839 billion, demonstrated steady growth and resilience despite facing various challenges and uncertainties in the global market. This growth indicates a promising outlook for the aerospace and defense sector, showcasing its ability to adapt and thrive in a competitive and constantly evolving market environment. The increase in value suggests that the industry is on a trajectory of sustained growth and innovation, highlighting its importance in both the global economy and national security landscapes.
The Americans held the largest market share of the aerospace industry in 2016, which was 49%.
The statistic indicates that in 2016, American companies dominated the aerospace industry by holding the largest market share of 49%. This suggests that nearly half of the global aerospace industry’s revenue or production output was generated by American companies during that year. The high market share held by American companies demonstrates their significant presence and influence within the industry, potentially reflecting their competitive edge, technological innovation, and overall strength in the aerospace market compared to companies from other countries. This statistic underscores the importance of American companies in shaping the aerospace industry landscape and highlights their substantial contributions to the sector’s growth and development.
The global commercial aerospace sector experienced a significant contraction in 2020 – by an estimated 32%, from an initially projected growth of 3% (pre-COVID-19 forecast).
The statistic indicates a drastic downturn in the global commercial aerospace sector during 2020, with a substantial contraction rate of 32%. This decline starkly contrasts with the initial growth projection of 3% before the outbreak of the COVID-19 pandemic. The significant reduction in commercial air travel due to travel restrictions, border closures, and overall reduced demand for air transportation, as well as the economic impacts of the pandemic, have contributed to this unprecedented contraction. The industry’s sudden shift from a growth trajectory to a sharp decline indicates the severe implications of the pandemic on the aerospace sector, highlighting the challenges and uncertainties faced by the industry in navigating these unprecedented times.
The global defense sector is anticipated to grow by 2.8% in 2021.
The statistic that the global defense sector is projected to grow by 2.8% in 2021 indicates an expected increase in the overall size and economic activity within the defense industry worldwide. This growth rate suggests a positive trend in the market, potentially driven by factors such as increased military expenditure by governments, advancements in military technology, geopolitical tensions, and the demand for defense solutions in response to security threats. The anticipated growth of 2.8% reflects a moderate yet steady expansion in the sector, and signals opportunities for defense companies, suppliers, and stakeholders to benefit from the increasing demand for defense-related products and services in the current global environment.
Asia-Pacific is projected to grow at the highest CAGR during the forecast period of aerospace materials market from 2017 to 2022.
This statistic indicates that the Asia-Pacific region is expected to experience the highest Compound Annual Growth Rate (CAGR) in the aerospace materials market between 2017 and 2022, compared to other regions. This growth forecast suggests that the demand for aerospace materials, such as metals, polymers, and ceramics, is likely to increase significantly in the Asia-Pacific region over the next few years. Factors driving this growth may include the expanding aerospace industry, increasing air travel, and rising investments in aircraft manufacturing and maintenance in countries like China, India, and Australia. As a result, aerospace material suppliers and manufacturers in the Asia-Pacific region may have significant opportunities for expansion and market development in the coming years.
It is projected that the global aerospace plastics market will grow by 5% annually from 2021 to 2026.
The statistic indicates that the global aerospace plastics market is expected to experience a steady growth rate of 5% per year between 2021 and 2026. This projection suggests that there will likely be a continuous increase in demand for aerospace plastics over the specified period. Factors such as technological advancements, increasing investments in the aerospace industry, and a growing preference for lightweight and fuel-efficient materials are expected to drive this growth. The projected annual growth rate of 5% signals a positive trend for market players and stakeholders in the aerospace plastics industry, highlighting potential opportunities for expansion and innovation in the coming years.
The aerospace industry represents about 2.5% of the U.S. GDP.
This statistic indicates that the aerospace industry contributes approximately 2.5% to the total Gross Domestic Product (GDP) of the United States. This means that the economic output generated by the aerospace industry, including the production of aircraft, spacecraft, and related components, accounts for a significant portion of the overall economic activity in the country. The industry’s impact on the GDP reflects its importance in driving economic growth, providing employment opportunities, and fostering technological innovation within the U.S. economy. The statistic suggests that the aerospace sector plays a crucial role in shaping the nation’s economic landscape and highlights its significance as a key contributor to overall economic performance.
Europe represents around 25% of the global aerospace industry.
The statistic states that Europe comprises approximately 25% of the worldwide aerospace industry, which encompasses companies involved in the design, manufacturing, and maintenance of aircraft, spacecraft, and related components. This statistic suggests that Europe holds a significant share of the global aerospace market in terms of economic activity and technological capabilities. It indicates that European countries play a crucial role in driving innovation, research, and development within the aerospace sector, contributing substantially to advancements in aerospace technologies and products. The statistic highlights Europe’s importance as a key player in the global aerospace industry, demonstrating its competitiveness and influence on a global scale.
The global aerospace 3D printing market is projected to reach $20.36 billion by 2030, indicating a CAGR of 22.17%.
The statistic provided indicates that the global aerospace 3D printing market is anticipated to grow significantly, with a projected value of $20.36 billion by the year 2030. This growth trajectory is represented by a compound annual growth rate (CAGR) of 22.17%. Essentially, the CAGR of 22.17% reflects the average annual growth rate of the market over the specified period of time. This rapid growth suggests increasing adoption and utilization of 3D printing technology within the aerospace industry, likely driven by advancements in technology, cost-effectiveness, and improved efficiency in manufacturing processes. Overall, this statistic highlights the promising future prospects for the aerospace 3D printing market and the potential for continued expansion in the coming years.
In 2019, The Airbus Group had around 134,900 employees.
The statistic stating that in 2019, The Airbus Group had around 134,900 employees indicates the size and scale of the company’s workforce during that period. This data point provides insight into the scope of operations and human capital resources available to the company at that time. The substantial number of employees also suggests that Airbus is a major employer and plays a significant role in the global aerospace industry. Furthermore, it underscores the complexity and coordination required to manage such a large workforce effectively, reflecting the company’s organizational structure and capacity for innovation and growth in the aviation sector.
Global aircraft production reached a peak of over 20,500 units in 2019.
The statistic “Global aircraft production reached a peak of over 20,500 units in 2019” indicates that the total number of aircraft manufactured worldwide in that particular year exceeded 20,500 units, marking a significant milestone in the aviation industry. This figure represents the culmination of efforts by aircraft manufacturers to meet the growing demand for air transportation, driven by factors such as economic growth, increasing global connectivity, and advancements in technology. The peak in aircraft production suggests a period of substantial activity and investment within the aerospace sector, reflecting the industry’s ability to adapt to evolving market conditions and meet the needs of travelers worldwide.
According to the Aerospace Industries Association, in 2019 the total U.S. aerospace and defense exports were valued at $151 billion.
The statistic provided by the Aerospace Industries Association states that in 2019, the total value of aerospace and defense exports from the United States amounted to $151 billion. This figure represents the amount of revenue generated through the sale of U.S.-made aerospace and defense products and services to international markets. The significance of this statistic lies in the economic contribution of the aerospace and defense industry to the U.S. economy, as exports play a crucial role in supporting job creation, fostering innovation, and enriching global trade relationships. Additionally, the data underscores the competitive position of the U.S. aerospace and defense sector in the international market, highlighting its role as a key player in the global industry.
Aircraft Engines & Parts accounted for 31% of total 2019 A&D exports from the U.S.
The statistic that Aircraft Engines & Parts accounted for 31% of total 2019 A&D (Aerospace and Defense) exports from the U.S. indicates that a significant portion of the country’s A&D exports in that year came from the category of aircraft engines and parts. This suggests that the U.S. is a major player in the global aerospace industry, with a strong market presence for aircraft engines and related parts. The high percentage also highlights the importance of this specific sector in driving the overall export performance of the U.S. aerospace and defense industry, showcasing its competitiveness and value in the international market.
French aerospace exports amounted to 49.1 billion euros in 2019.
The statistic “French aerospace exports amounted to 49.1 billion euros in 2019” indicates the total value of aerospace-related goods and services exported by France during the calendar year 2019. This figure highlights the significant economic contribution of the French aerospace industry to the country’s trade balance and overall economy. The level of exports in this sector reflects not only the strong demand for French aerospace products and services internationally but also the competitiveness and innovation within the industry. The statistic further underscores the importance of the aerospace sector as a key driver of economic growth and employment in France, showcasing the country’s expertise and leadership in the global aerospace market.
In the United Kingdom, total aerospace sales reached $45 billion in 2019.
The statistic states that in 2019, the total sales revenue generated within the aerospace industry in the United Kingdom amounted to $45 billion. This figure represents the aggregate value of all goods and services sold by companies operating in the aerospace sector in the UK during that year. The significance of this statistic lies in the substantial economic contribution made by the aerospace industry to the UK economy, reflecting the scale and importance of this sector in terms of employment, innovation, and global competitiveness. The $45 billion in aerospace sales underscores the industry’s role as a significant driver of economic growth, technological advancement, and international trade for the United Kingdom.
Canada is the fifth-largest aerospace producer in the world, of which three-quarters of this sector of the economy is located in Quebec.
The statistic indicates that Canada ranks as the fifth-largest aerospace producer globally, highlighting the country’s significant presence in the aerospace industry. It also underscores the concentration of this sector within Quebec, with three-quarters of Canada’s aerospace economy located in the province. This suggests Quebec plays a crucial role in driving the country’s aerospace industry and economy as a whole. The statistic implies that Quebec is a key contributor to Canada’s aerospace competitiveness and serves as a hub for aerospace manufacturing, research, and development activities. Overall, the data emphasizes the importance of the aerospace sector to both Quebec and Canada’s economy, positioning them as major players in the global aerospace market.
Conclusion
The global aerospace industry statistics provide valuable insights into the trends, growth opportunities, and challenges within the sector. By analyzing key indicators such as market size, revenue, and international trade, stakeholders can make informed decisions to drive innovation and competitiveness in the industry. Stay informed about the latest developments and continue to monitor these statistics for a deeper understanding of the evolving aerospace landscape.
References
0. – https://www.www.statista.com
1. – https://www.aiesec.nl
2. – https://www.www.globenewswire.com
3. – https://www.www2.deloitte.com
4. – https://www.www.selectusa.gov
5. – https://www.www.aviationtoday.com
6. – https://www.www.adsgroup.org.uk
7. – https://www.www.aia-aerospace.org
8. – https://www.www.marketsandmarkets.com
