Overview

The global economy presents its own set of opportunities and threats for businesses in a range of industries. IBISWorld’s Global Military Aircraft & Aerospace Manufacturing global market research report offers insightful industry analysis and research into the market at an international level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Market Share of Companies
Airbus Group $x.xlock
Boeing $x.xlock
Lockheed Martin $x.xlock
Industry Statistics & Market Size
Revenue
$255bn
Annual Growth
2012 - 2017
0.3%
Annual Growth
2017 - 2022
Profit
Employment ('000)
1,037
Business
3,636

Industry Threats & Opportunities

  • Defense spending by Western nations will continue to be pressured, which will limit their spending and cause programs to be reduced in scope, delayed or canceled
  • Non-NATO defense spending on military aerospace products has come under pressure
  • US industry operators will be under pressure due to budget issues
  • Industry Analysis & Industry Trends

    Over the five years to 2017, the Global Military Aircraft and Aerospace Manufacturing industry has suffered a setback as Western defense budgets began to shrink. Skyrocketing debt caused by the global recession forced countries, such as the United States and United Kingdom, to spend less on procurement of military aircraft, missiles and satellites. In the coming years, defense spending by the United States and Western European nations will continue to be pressured, limiting their spending on industry products, with many programs reduced in scope, delayed or canceled. However, climbing non-NATO defense spending will continue to provide more funding for the procurement of industry products, offsetting pressured spending by Western nations...

    Industry Investment

    The Global Military Aircraft and Aerospace Manufacturing industry has a moderate level of capital intensity. In 2017, for every dollar that industry participants spend in labor, $0.17 will be spent on capital. Since many industry products are highly advanced the equipment, facilities and materials used in this industry are more advanced and sophisticated compared with the civil and commercial sectors. Investment into manufacturing facilities and equipment can be extremely expensive. Conversely, wages costs are typically higher than in other manufacturing sectors. Due to the importance of research and development within the industry, highly skilled and educated workers are needed, with many employees having advanced degrees in engineering and the sciences. Som..

    Additional Insights for the Global Military Aircraft & Aerospace Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Global Military Aircraft & Aerospace Manufacturing Industry are

  • Prompt delivery to market
  • Ability to expand and curtail operations rapidly in line with market demand
  • Well-developed internal processes
  • IBISWorld analysts also discuss how external factors such as NATO defense spending and GDP of the European Union in the Global Military Aircraft & Aerospace Manufacturing industry impact industry performance..

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    Industry Products

    What is the Global Military Aircraft & Aerospace Manufacturing Industry?

    Companies in this industry manufacture complete military aircraft, missiles or space vehicles, along with associated parts and services. Industry operators also develop prototypes of aerospace products, convert aircraft (i.e. conduct major modifications to systems) and complete aircraft or propulsion system overhaul and rebuilding (i.e. periodically restoring aircraft to original design specifications).

    Industry Products
    Aircraft and parts
    Missiles
    Space systems
    MRO and other services
    Avionics and electronic systems
    Industry Activities
    Manufacturing military aircraft, missiles and space vehicles
    Manufacturing military aerospace engines, propulsion units, auxiliary equipment or parts
    Developing and making military prototypes
    Military aircraft conversion
    Military complete aircraft or propulsion system overhaul and rebuilding
    Manufacturing military space launch vehicles
    Maintenance and post-sale servicing of manufactured products

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • NATO defense spending
  • GDP of the European Union
  • Regulation for the Global Military Aircraft and Aerospace Manufacturing industry
  • World price of steel

  • Current Performance
  • Western demand shrinks
  • Global demand rises
  • Recent volatility
  • Other trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Western spending stabilizes
  • Global demand remains strong, but increasingly pressured
  • Growing participation
  • Table: Global Military Aircraft & Aerospace Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Global Military Aircraft & Aerospace Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Global Cargo Airlines
  • Global Public Administration and Defence

  • Key Selling Industries
  • Global Commercial and Service Machinery Manufacturing
  • Global Computer Hardware Manufacturing
  • Global Iron and Steel Pipe and Tube Manufacturing
  • Other Global Manufacturing
  • Other Global Mining and Quarrying

  • Products & Services
  • Aircraft and parts
  • Avionics and electronic systems
  • MRO and other services
  • Missiles
  • Space systems
  • Chart: Global Military Aircraft & Aerospace Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • United States
  • Other
  • Europe
  • China
  • Russia
  • Chart: Major Market Segmentation for the Global Military Aircraft & Aerospace Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Global Military Aircraft & Aerospace Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Global Military Aircraft & Aerospace Manufacturing Industry

  • Industry Globalization
    Major Companies
    Lockheed Martin CorporationThe Boeing CompanyAirbus Group
  • Table: Lockheed Martin Corporation - financial performance
  • Table: The Boeing Company - financial performance
  • Table: Airbus Group - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Global Military Aircraft & Aerospace Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Global Military Aircraft & Aerospace Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Non-NATO defense spending (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    European Aeronautic Defence And Space Company
  • (EADS) A consortium of European companies that manufacture aircraft.
  • European Aviation Safety Agency (Easa)
  • The agency that regulates the aviation industries in Europe.
  • Fifth-Generation Jet Fighter
  • The most advanced generation of fighter aircraft.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Global Military Aircraft & Aerospace Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Global Military Aircraft & Aerospace Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Global Military Aircraft & Aerospace Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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