Aerospace
The world aerospace industry is poised for growth, but needs to navigate significant challenges related to supply chains, workforce, and sustainability. Embracing new technologies and adapting to a changing global landscape will be key factors for the industry’s success.
Overview
- Market size:
- The global aerospace market size was estimated at USD 321.5 billion in 2022 and is projected to reach around USD 678.17 billion by 2032, growing at a CAGR of 7.80% during the forecast period from 2023 to 2032.
- Challenges:
- Pricing pressures
- Innovation hurdles
- Supply chain concerns
- Sustainability issues