The Aerospace Global Market Report 2023 by The Business Research Company, provides aerospace market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Aerospace Global Market Report 2023, the global aerospace market size will grow from $261.12 billion in 2022 to $278.43 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of aerospace is expected to grow to $358.44 billion in 2027 at a CAGR of 6.5%.

The overall economic growth of the emerging economies is expected to positively impact the commercial aircraft manufacturing market. Rising disposable income, a result of economic growth in emerging markets, had a positive impact on the demand for air travel.

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The aerospace market is segmented:

1) Aerospace Market By Type: Commercial Aircraft, Aircraft Maintenance, Repair and Overhauling Services, Aerospace Support and Auxiliary Equipment

2) Aerospace Market By Size: Wide-Body, Narrow-Body, Regional, Others

3) Aerospace Market By End-User: Government, Private Sector

4) Aerospace Market By Operation: Autonomous Aircraft, Manual

Subsegments Covered: Passenger Aircrafts, Commercial Helicopters, Commercial Gliders and Drones, Aircraft Turbines, Aircraft Engines, Rocket Engines, Commercial Aircrafts MRO Services, Commercial Helicopters MRO Services, Commercial Gliders and Drones MRO Services, Aircraft Turbines MRO Services, Aircraft Engines MRO Services, Rocket Engines MRO Services, Commercial Radars, Satellites

Helicopter manufacturing companies are increasingly using parts produced with carbon fiber reinforced plastic composite (CFRP) material as this material provides higher strength to helicopter parts than conventional metal parts. CFRP materials enhance the strength and lower the weight of helicopters and offer higher corrosion resistance. These properties enable helicopters to handle higher loads. Major helicopter manufacturers using CFRP materials include Airbus, Boeing, and Sikorsky.

The aerospace market report table of contents includes:

1. Aerospace Market Executive Summary

2. Table of Contents

3. List of Figures

4. List of Tables

5. Report Structure

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26. Key Mergers And Acquisitions In The Aerospace Market

27. Market Background: Aerospace & Defense Market

28. Aerospace Market Opportunities And Strategies

29. Aerospace Market, Conclusions And Recommendations

30. Appendix

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