The aerospace industry revolves around the production, sale, commercialization, and services of aircraft while the defense industry primarily encompasses the country’s military requirements such as high-tech devices and weapons. The aerospace industry has experienced a declined growth in 2019 due to the production issues of certain aircraft models, however, it is expected to rise in the coming years owing to a strong demand for fuel-efficient and modernized aircraft in the long run. The defense industry has continued to soar due to rising expenditure on defense by the majority of the countries to modernize and upgrade their defense weapons. The growth of aerospace & defense industry has primarily led by the US but other countries such as China, France, India, Japan, the Middle East, and the UK are likely to impact the growth of this industry in the coming future
The Brainy Insights aid the emerging organization worldwide operating in the field of aerospace & defense to strengthen their business according to the evolving trends of this industry. Our studies help the companies to plan and map their growth opportunities across different vertical of aerospace & defence
Global aircraft refurbishing market is anticipated to reach USD 7.89 billion by 2030, at a CAGR of 7.49% from 2021 to 2030. The rising demand for the narrow body aircraft across the globe is one of the primary factors th...