United States Aerospace And Defense Market Size (2024 - 2029)

The United States aerospace and defense sector is poised for significant expansion, driven by the need for armed forces to procure and upgrade equipment to address emerging threats. This growth is fueled by ongoing and anticipated military contracts across various branches, including the air force and naval forces. The market's expansion is further supported by substantial investments in advanced technologies such as 3D printing, artificial intelligence, and big data analytics, which are increasingly being adopted for developing aviation and defense equipment. However, challenges such as supply chain issues and evolving cybersecurity risks could potentially impede this growth trajectory.

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Market Size of United States Aerospace And Defense Industry

US Aerospace and Defense Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 496.56 Billion
Market Size (2029) USD 656.93 Billion
CAGR (2024 - 2029) 5.76 %
Market Concentration High

Major Players

United States Aerospace And Defense Market Major Players

*Disclaimer: Major Players sorted in no particular order

United States Aerospace And Defense Market Analysis

The United States Aerospace And Defense Market size is estimated at USD 496.56 billion in 2024, and is expected to reach USD 656.93 billion by 2029, growing at a CAGR of 5.76% during the forecast period (2024-2029).

The US aerospace and defense sector is one of the largest in terms of infrastructure and manufacturing activities. The market is expected to grow primarily due to the armed forces' procurement and upgrade activities to counter emerging threats. Several contracts from the military, air force, and naval force are currently underway, and many new contracts are anticipated to be dispersed during the forecast period, creating a parallel demand for defense equipment.

The US military uses multiple aircraft across the air force and naval aircraft. Owing to the increasing international conflict with China over its aggression in the South China Sea, the US is gearing up to tackle any potential issues China might create for countries with close ties with the US, like Taiwan and Japan. As a result, significant investments in upgrading the existing fleet and purchasing a new fleet equipped with efficient technologies have been witnessed over the past year.

The growing adoption of advanced technologies such as 3D printing, artificial intelligence, and big data analytics in developing aviation and defense equipment will create better opportunities in the coming years. However, issues related to the supply chain and evolving cybersecurity risks may hinder market growth.

United States Aerospace And Defense Industry Segmentation

Aerospace is the design and manufacture of aircraft, rockets, missiles, and spacecraft that operate in space. Defense equipment refers to weapons, arms, and equipment used for military purposes. The report provides an in-depth analysis of the aerospace and defense market in the US.

The US aerospace and defense market is segmented by sector and platform. By sector, the market is segmented into aviation, defense, space, and unmanned systems. The aviation segment is further segmented into commercial and general aviation, while the defense segment is further classified as army, navy, and air force. By platform, the market is segmented into land, air, sea, and space. For each segment, the market size is provided in terms of value (USD).

Commercial and General Aviation
Market Overview
Market Dynamics
Drivers
Restraints
Opportunities
Market Trends
Segmentation: Commercial Aircraft
Air Traffic
Training and Flight Simulators
Airport Services (Ground Support Equipment and Logistics)
Structures
Airframe
Materials (Composite, Metal and Metal Alloys, Others)
Adhesives and Coatings
Engine and Engine Systems
Cabin Interiors
Landing Gear
Avionics and Control Systems
Communication System
Navigation System
Flight Control System
Health Monitoring System
Electrical Systems
Environmental Control Systems
Fuel and Fuel Systems
MRO
Research and Development
Supply Chain Analysis (Design, Raw Materials, Manufacturing, Assembly, Testing, and Certification)
Competitor Analysis
Segmentation: General Aviation (includes Business Jets, Helicopter, and Personal Aircraft)
Air Traffic
Training and Flight Simulators
Airport Services (Ground Support Equipment and Logistics)
Structures
Airframe
Materials (Composite, Metal and Metal Alloys, Others)
Adhesives and Coatings
Engine and Engine Systems
Cabin Interiors
Landing Gear
Avionics and Control Systems
Communication System
Navigation System
Flight Control System
Health Monitoring System
Electrical Systems
Environmental Control Systems
Fuel and Fuel Systems
MRO
Research and Development
Supply Chain Analysis
Competitor Analysis
Military Aircraft and Systems
Market Overview
Defense Spending and Budget Allocation Details
Army
Navy and Marine Corps
Air Force
Market Dynamics
Drivers
Restraints
Opportunities
Market Trends
MRO
Research and Development
Training and Flight Simulators
Competitor Analysis
Supply Chain Analysis
Customer/Distributor Information
Segmentation: Combat Aircraft
Structures
Airframe
Materials (Composite, Metal and Metal Alloys, Others)
Adhesives and Coatings
Engine and Engine Systems
Landing Gear
Avionics and Control Systems
General Avionics
Mission Specific Avionics
Missiles and Weapons
Segmentation: Non-Combat Aircraft
Structures
Airframe
Materials (Composite, Metal and Metal Alloys, Others)
Adhesives and Coatings
Engine and Engine Systems
Landing Gear
Avionics and Control Systems
General Avionics
Mission Specific Avionics
Missiles and Weapons
Unmanned Aerial Systems
Market Overview
Market Dynamics
Drivers
Restraints
Opportunities
Market Trends
Research and Development
Competitor Analysis
Regulatory Landscape and Future Policy Changes
Segmentation
Commercial
Military
Space Systems and Equipment
Market Overview
Market Dynamics
Drivers
Restraints
Opportunities
Market Trends
Research and Development
Competitor Analysis
Regulatory Landscape and Future Policy Changes
Customer Information
Segmentation: Space Launch Vehicle, Spacecraft, and Ground Systems (Market Size and Forecast)
Segmentation: Satellites
By Subsystem
Command and Control System
Telemetry, Tracking, Commanding and Monitoring (TTCM)
Antenna System
Transponders
Power System
By Application
Military
Commercial
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United States Aerospace And Defense Market Size Summary

The US aerospace and defense market is a significant sector characterized by extensive infrastructure and manufacturing activities. It is poised for growth driven by the need for armed forces procurement and upgrades to address emerging global threats. The market is experiencing a surge in contracts across military, air force, and naval forces, with a parallel demand for advanced defense equipment. The increasing international tensions, particularly with China, have prompted substantial investments in upgrading and expanding the US military fleet. The adoption of cutting-edge technologies such as 3D printing, artificial intelligence, and big data analytics is expected to create new opportunities in the development of aviation and defense equipment. However, challenges such as supply chain issues and evolving cybersecurity risks may pose obstacles to market expansion.

The US aerospace and defense industry is also witnessing significant developments in space capabilities, which are crucial for national security and military operations. The satellite manufacturing and launch sector is rapidly evolving, driven by technological advancements and the growing demand for satellite services. The establishment of the Space Force as a military branch and the increasing number of satellite launches are expected to further propel market growth. The US Air Force is at the forefront of technological advancements, with ongoing procurement of next-generation aircraft to maintain a strategic edge. The market is consolidated, with major players like General Dynamics Corporation, Lockheed Martin Corporation, and The Boeing Company leading the charge. These companies are heavily investing in research and development to enhance their product offerings and align with the evolving demands of the defense sector.

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United States Aerospace And Defense Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION

    1. 1.1 Commercial and General Aviation

      1. 1.1.1 Market Overview

      2. 1.1.2 Market Dynamics

        1. 1.1.2.1 Drivers

        2. 1.1.2.2 Restraints

        3. 1.1.2.3 Opportunities

      3. 1.1.3 Market Trends

      4. 1.1.4 Segmentation: Commercial Aircraft

        1. 1.1.4.1 Air Traffic

        2. 1.1.4.2 Training and Flight Simulators

        3. 1.1.4.3 Airport Services (Ground Support Equipment and Logistics)

        4. 1.1.4.4 Structures

          1. 1.1.4.4.1 Airframe

            1. 1.1.4.4.1.1 Materials (Composite, Metal and Metal Alloys, Others)

            2. 1.1.4.4.1.2 Adhesives and Coatings

          2. 1.1.4.4.2 Engine and Engine Systems

          3. 1.1.4.4.3 Cabin Interiors

          4. 1.1.4.4.4 Landing Gear

          5. 1.1.4.4.5 Avionics and Control Systems

            1. 1.1.4.4.5.1 Communication System

            2. 1.1.4.4.5.2 Navigation System

            3. 1.1.4.4.5.3 Flight Control System

            4. 1.1.4.4.5.4 Health Monitoring System

          6. 1.1.4.4.6 Electrical Systems

          7. 1.1.4.4.7 Environmental Control Systems

          8. 1.1.4.4.8 Fuel and Fuel Systems

          9. 1.1.4.4.9 MRO

          10. 1.1.4.4.10 Research and Development

          11. 1.1.4.4.11 Supply Chain Analysis (Design, Raw Materials, Manufacturing, Assembly, Testing, and Certification)

          12. 1.1.4.4.12 Competitor Analysis

      5. 1.1.5 Segmentation: General Aviation (includes Business Jets, Helicopter, and Personal Aircraft)

        1. 1.1.5.1 Air Traffic

        2. 1.1.5.2 Training and Flight Simulators

        3. 1.1.5.3 Airport Services (Ground Support Equipment and Logistics)

        4. 1.1.5.4 Structures

          1. 1.1.5.4.1 Airframe

            1. 1.1.5.4.1.1 Materials (Composite, Metal and Metal Alloys, Others)

            2. 1.1.5.4.1.2 Adhesives and Coatings

          2. 1.1.5.4.2 Engine and Engine Systems

          3. 1.1.5.4.3 Cabin Interiors

          4. 1.1.5.4.4 Landing Gear

          5. 1.1.5.4.5 Avionics and Control Systems

            1. 1.1.5.4.5.1 Communication System

            2. 1.1.5.4.5.2 Navigation System

            3. 1.1.5.4.5.3 Flight Control System

            4. 1.1.5.4.5.4 Health Monitoring System

          6. 1.1.5.4.6 Electrical Systems

          7. 1.1.5.4.7 Environmental Control Systems

          8. 1.1.5.4.8 Fuel and Fuel Systems

          9. 1.1.5.4.9 MRO

          10. 1.1.5.4.10 Research and Development

          11. 1.1.5.4.11 Supply Chain Analysis

          12. 1.1.5.4.12 Competitor Analysis

    2. 1.2 Military Aircraft and Systems

      1. 1.2.1 Market Overview

      2. 1.2.2 Defense Spending and Budget Allocation Details

        1. 1.2.2.1 Army

        2. 1.2.2.2 Navy and Marine Corps

        3. 1.2.2.3 Air Force

      3. 1.2.3 Market Dynamics

        1. 1.2.3.1 Drivers

        2. 1.2.3.2 Restraints

        3. 1.2.3.3 Opportunities

      4. 1.2.4 Market Trends

      5. 1.2.5 MRO

      6. 1.2.6 Research and Development

      7. 1.2.7 Training and Flight Simulators

      8. 1.2.8 Competitor Analysis

      9. 1.2.9 Supply Chain Analysis

      10. 1.2.10 Customer/Distributor Information

      11. 1.2.11 Segmentation: Combat Aircraft

        1. 1.2.11.1 Structures

          1. 1.2.11.1.1 Airframe

            1. 1.2.11.1.1.1 Materials (Composite, Metal and Metal Alloys, Others)

            2. 1.2.11.1.1.2 Adhesives and Coatings

          2. 1.2.11.1.2 Engine and Engine Systems

          3. 1.2.11.1.3 Landing Gear

        2. 1.2.11.2 Avionics and Control Systems

          1. 1.2.11.2.1 General Avionics

          2. 1.2.11.2.2 Mission Specific Avionics

        3. 1.2.11.3 Missiles and Weapons

      12. 1.2.12 Segmentation: Non-Combat Aircraft

        1. 1.2.12.1 Structures

          1. 1.2.12.1.1 Airframe

            1. 1.2.12.1.1.1 Materials (Composite, Metal and Metal Alloys, Others)

            2. 1.2.12.1.1.2 Adhesives and Coatings

          2. 1.2.12.1.2 Engine and Engine Systems

          3. 1.2.12.1.3 Landing Gear

        2. 1.2.12.2 Avionics and Control Systems

          1. 1.2.12.2.1 General Avionics

          2. 1.2.12.2.2 Mission Specific Avionics

        3. 1.2.12.3 Missiles and Weapons

    3. 1.3 Unmanned Aerial Systems

      1. 1.3.1 Market Overview

      2. 1.3.2 Market Dynamics

        1. 1.3.2.1 Drivers

        2. 1.3.2.2 Restraints

        3. 1.3.2.3 Opportunities

      3. 1.3.3 Market Trends

      4. 1.3.4 Research and Development

      5. 1.3.5 Competitor Analysis

      6. 1.3.6 Regulatory Landscape and Future Policy Changes

      7. 1.3.7 Segmentation

        1. 1.3.7.1 Commercial

        2. 1.3.7.2 Military

    4. 1.4 Space Systems and Equipment

      1. 1.4.1 Market Overview

      2. 1.4.2 Market Dynamics

        1. 1.4.2.1 Drivers

        2. 1.4.2.2 Restraints

        3. 1.4.2.3 Opportunities

      3. 1.4.3 Market Trends

      4. 1.4.4 Research and Development

      5. 1.4.5 Competitor Analysis

      6. 1.4.6 Regulatory Landscape and Future Policy Changes

      7. 1.4.7 Customer Information

      8. 1.4.8 Segmentation: Space Launch Vehicle, Spacecraft, and Ground Systems (Market Size and Forecast)

      9. 1.4.9 Segmentation: Satellites

        1. 1.4.9.1 By Subsystem

          1. 1.4.9.1.1 Command and Control System

          2. 1.4.9.1.2 Telemetry, Tracking, Commanding and Monitoring (TTCM)

          3. 1.4.9.1.3 Antenna System

          4. 1.4.9.1.4 Transponders

          5. 1.4.9.1.5 Power System

        2. 1.4.9.2 By Application

          1. 1.4.9.2.1 Military

          2. 1.4.9.2.2 Commercial

United States Aerospace And Defense Market Size FAQs

The United States Aerospace And Defense Market size is expected to reach USD 496.56 billion in 2024 and grow at a CAGR of 5.76% to reach USD 656.93 billion by 2029.

In 2024, the United States Aerospace And Defense Market size is expected to reach USD 496.56 billion.

US Aerospace and Defense Market Report Snapshots

US Aerospace and Defense Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)