Aerospace Engineering Market Value Estimated to Reach USD 68.199 BN By 2028, With 6.90% CAGR – Credence Research

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Aerospace Engineering Market Value Estimated to Reach USD 68.199 BN By 2028, With 6.90% CAGR – Credence Research

August 01
14:35 2022
Aerospace Engineering Market Value Estimated to Reach USD 68.199 BN By 2028, With 6.90% CAGR - Credence Research
The key players in the global aerospace engineering market in terms of value include WS Atkins Plc; Bombardier, Inc; Cyient Ltd; Elbit Systems Ltd; Leonardo DRS; Saab Group; Safran System Aerostructures; Sonaca Group; Strata Manufacturing PJSC; UTC Aerospace Systems and General Dynamics Corporation.

Global Aerospace Engineering Market: A Study of Changing Market Dynamics, Growth, Future Prospects & Analysis, 2016 – 2028

The latest market report published by Credence Research, Inc. “Global Aerospace Engineering Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028″. The Global Aerospace Engineering Market generated revenue around USD 45.7 billion in 2021 and is anticipated to grow a CAGR of over 6.90% during the forecast period from 2022 to 2028 to reach around USD 68.199 billion in 2028. While, cumulative growth opportunity presented by the global Aerospace Engineering is around USD 22.499 million during 2022 to 2028.

The usage of cutting-edge technology and electronic gadgets in aerospace has substantially advanced over time. An increasing need for ESO operations is anticipated due to the consistent increase in demand for specialized engineering skills and experience, which can be challenging to obtain, maintain, and internally develop. Partnerships between OEMs and service providers for leveraging cost-effective access to domain-specific technical expertise and increased manufacturing capacity also aid in expanding the aerospace ESO sector. For instance, in February 2019, Altair Engineering, Inc. and Diehl Aviation agreed to a multi-year contract, designating Altair as Diehl Aviation’s key supplier for computer-aided engineering. Due to the increase in air travel in emerging nations and the increased focus on military spending, it is projected that growth in the military and civil aviation sectors would propel the aerospace ESO market.

Click here to get the short-term and long-term impact of COVID-19 on this Market:

The global aerospace engineering market is bifurcated into Components, Applications, and Geography. Based on the Component, the market is categorized into Aero structures and Engineering Services. On the basis of application, the global market is segmented into Aircraft and Spacecraft. Finally, on the basis of geography, the market is segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Why to Buy This Report-

  • The report provides a qualitative and quantitative analysis of the global aerospace engineering market with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
  • The report contains information related to the competitive landscape like how the key players in the market are operating at a global, regional, and country level.
  • Analysis by geography that identifies the variables influencing the market within each region and highlights the consumption of the product or service in each area.
  • The industry’s present and future market outlook in light of recent events, including growth possibilities, drivers of growth, and obstacles that both developing and emerging regions must overcome.
  • The global aerospace engineering market report also includes the analysis of the market at a global, regional, and country level along with key market trends, major players analysis, market growth strategies, and key application areas.

Browse Full Report with Complete ToC:

Table Of Content:

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Research Methodology

1.3.1. Phase I – Secondary Research

1.3.2. Phase II – Primary Research

1.3.3. Phase III – Expert Panel Review

1.3.4. Approach Adopted Top-Down Approach Bottom-Up Approach

1.3.5. Assumptions

1.4. Market Segmentation

2. Executive Summary

2.1. Market Snapshot: Global Aerospace Engineering Market

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Aerospace Engineering Market Value, 2016-2028, (US$ Bn)

3.2. Market Dynamics

3.2.1. Key Growth Trends

3.2.2. Major Industry Challenges

3.2.3. Key Growth Pockets

3.3. Attractive Investment Proposition,2021

3.3.1. Component

3.3.2. End-user

3.3.3. Geography

3.4. Porter’s Five Forces Analysis

3.4.1. Threat of New Entrants

3.4.2. Bargaining Power of Buyers/Consumers

3.4.3. Bargaining Power of Suppliers

3.4.4. Threat of Substitute Components

3.4.5. Intensity of Competitive Rivalry

3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2021

4.1. Company market share of key players, 2021

4.2. Top 6 Players

4.3. Top 3 Players

4.4. Major Strategies Adopted by Key Players

5. COVID 19 Impact Analysis

5.1. Global Aerospace Engineering Market Pre Vs Post COVID 19, 2019 – 2028

5.2. Impact on Import & Export

5.3. Impact on Demand & Supply

6. North America

6.1. North America Aerospace Engineering Market, by Country, 2016-2028(US$ Bn)

6.1.1. U.S.

6.1.2. Canada

6.1.3. Mexico

6.2. North America Aerospace Engineering Market, by Component, 2016-2028(US$ Bn)

6.2.1. Overview

6.2.2. Aero structures

6.2.3. Engineering Services

6.3. North America Aerospace Engineering Market, by End-user, 2016-2028(US$ Bn)

6.3.1. Overview

6.3.2. Aircrafts

6.3.3. Spacecraft

6.3.4. Other

7. Europe



8. Asia Pacific



9. Latin America



10. Middle East



11. Africa



12. Global



13. Company Profiles

13.1. WS Atkins Plc

13.2. Bombardier, Inc

13.3. Cyient Ltd

13.4. Elbit Systems Ltd

13.5. Leonardo DRS

13.6. Saab Group

13.7. Safran System Aerostructures

13.8. Sonaca Group

13.9. Strata Manufacturing PJSC

13.10. UTC Aerospace Systems

13.11. General Dynamics Corporation

13.12. Others


Browse Full Report with ToC, List of Figures and List of Tables:

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