Key Highlights
- Market size of the aerospace & defense sector includes the sum of the revenues generated from military signed deals that remain under contract and new contracts signed within a particular calendar year.
- The global aerospace & defense sector recorded revenues of $420 billion in 2024, representing a compound annual growth rate (CAGR) of 6.2% between 2019 and 2024.
- The systems & ordnance segment accounted for the sector's largest proportion in 2024, with total revenues of $175.7 billion, equivalent to 41.8% of the sector's overall value.
- In 2024, North America accounted for 40.4% share of the global aerospace & defense sector, making it the largest region globally. It was followed by Europe with 26.1% and Asia-Pacific with 27.0%.
Report Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the aerospace & defense market in the global
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global aerospace & defense market
- Leading company profiles reveal details of key aerospace & defense market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Global aerospace & defense market with five year forecasts
Reasons to Buy
- What was the size of the Global aerospace & defense market by value in 2024?
- What will be the size of the Global aerospace & defense market in 2029?
- What factors are affecting the strength of competition in the Global aerospace & defense market?
- How has the market performed over the last five years?
- What are the main segments that make up the global's aerospace & defense market?
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- RTX Corp
- Airbus SE
- Lockheed Martin Corp
- The Boeing Co
- General Dynamics Corp

