The global aerospace & defense contract manufacturing market is anticipated to grow at a considerable CAGR of 17.3% during the forecast period. One of the key factors that are fueling the market includes the growing competitiveness between the market players. With several key players in the market, companies are advancing, innovating, and launching new products to stay in the competition. For instance:
- In April 2021, Boeing, Lockheed Martin Corporation, and Northrop Grumman Corporation were granted contracts totaling USD 191 million, $240 million, and USD 253 million, respectively, by the US Space and Missile Systems Center to design prototype payloads for the US Space Force's Protected Tactical Satcom program.
- In 2020, The satellite manufacturing plant at Lockheed Martin's Waterton Canyon complex outside Denver, which cost USD 350 million to build, has now been finished.
- In 2019, space systems witnessed a 9% YoY sales growth. With the announcement of NASA’s Artemis program and the founding of the US Space Force.
- In 2019, to stimulate lending, the European Central Bank cut interest rates on bank deposits to -0.5%. The United States, Germany, and Japan were among the major countries with low-interest rates during the historical period.
Browse the full report description “Global Aerospace & Defense Contract Manufacturing Market Size, Share & Trends Analysis Report by Services (Aerospace & Defense Design & Engineering, Aerospace & Defenses Assembly, Aerospace & Defense Manufacturing and Others), and by End-Users (Commercial and Government) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/aerospace-defense-contract-manufacturing-market
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
Segment Covered-
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- includes Boeing Company, BAE Systems PLC, Lockheed Martin Corp., General Dynamics Corp., Northrop Grumman Corp., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
oDeviation from the pre-COVID-19 forecast
oMost affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Aerospace & Defense Contract Manufacturing Market Report Segment
By Services
- Aerospace & Defense Design & Engineering
- Aerospace & Defense Assembly
- Aerospace & Defense Manufacturing
- Others (Commercialization and Supply Chain)
By End-Users
Global Aerospace & Defense Contract Manufacturing Market Report Segment by Region
North America
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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