The Business Research Company’s latest report Aerospace Global Market Report 2020 covers aerospace market drivers, aerospace market trends, aerospace market segments, aerospace market growth rate, aerospace market major players, and aerospace market size. The report provides in-depth analysis of the impact of COVID-19 on the aerospace industry, along with revised market numbers due to the effects of the coronavirus.
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Aerospace Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global aerospace market reached a value of nearly $342.4 billion in 2019, having increased at a compound annual growth rate (CAGR) of 3.1% since 2015. The market is expected to decrease from $342.4 billion in 2019 to $296.1 billion in 2020 at a rate of -14%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6.5% from 2021 and reach $358.8 billion in 2023.
The report covers the aerospace market’s segments:
1) By Type:
a) Commercial Aircraft: Passenger Aircrafts, Aircraft Engines, Commercial Helicopters, Aircraft Turbines, Commercial Gliders And Drones, Rocket Engines.
b) Aircraft Maintenance, Repair And Overhauling Services: Commercial Aircrafts MRO Services, Aircraft Engines MRO Services, Commercial Helicopters MRO Services, Rocket Engines MRO Services, Aircraft Turbines MRO Services, Commercial Gliders And Drones MRO Services.
c) Aerospace Support Auxiliary Equipment: Satellites, Commercial Radars
2) By Size: Wide-Body, Narrow-Body, Regional, Others
3) By End-User: Government, Private Sector
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