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DUBLIN--(BUSINESS WIRE)--The "Aerospace Engineering Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2020 to 2028" report has been added to ResearchAndMarkets.com's offering.

In 2019, the overall aerospace engineering market was valued at US$ 78.96 Bn however, witnessed a decline of about 42% in 2020 due to reduced investments towards aircrafts as a result of travel restrictions. The market was estimated to reach to US$ 45.40 in 2020. With international travel expected to resume from 2021 coupled with continued investments in UAVs, the market is expected to grow at a CAGR of 7.1% during the forecast period from 2020 to 2028 considering post-COVID-19 recovery.

Aerospace engineering refers to the field of design and development of various types of aerial vehicles for in-air and outer space transport. Some of the most common aerial vehicles covered under aerospace engineering include small, medium and large airplanes, unmanned aerial vehicles, helicopters and jet planes, among others which can be used for various applications such as commercial aviation and military. In addition, aerospace engineering also covers design and manufacturing of various spacecraft which are used to travel to outer space. Over the years, aerospace engineering industry has evolved to a great extent resulting in groundbreaking innovations. Thereby, the overall aerospace engineering industry as witnessed a significant influx of new product offerings.

The aerospace engineering market encompasses various aerospace structures and engineering services which enable aircraft manufacturers to successfully assemble and construct aircrafts for various applications. Some of the major components used in the air assembling process include fuselage, wings, empennage, vertical stabilizer, control surfaces and rudder, lift control devices, powerplant, flap, propeller, propulsion devices, landing gear, nose gear, cockpit, controls, systems and hydraulics, among others. In addition, aerospace engineering include numerous engineering services such as design and development, research and assembly operations, among others. Although the commercial airline business has suffered tremendously due to the ongoing COVID-19 pandemic, other applications such as military jets, cargo planes and unmanned aerial vehicles are expected to witness continued growth. Thereby, the overall aerospace engineering market is expected to grow at a sustainable rate during the forecast period.

Companies Mentioned

Key Topics Covered:

Chapter 1 Preface

Chapter 2 Executive Summary

2.1 Market Snapshot: Global Aerospace Engineering Market

2.2 Global Aerospace Engineering Market, By Component

2.3 Global Aerospace Engineering Market, By Application

2.4 Global Aerospace Engineering Market, By Geography

Chapter 3 Market Dynamics

3.1 Introduction

3.1.1 Global Aerospace Engineering Market Revenue, 2018 - 2028, (US$ Bn)

3.2 Market Dynamics

3.2.1 Market Drivers

3.2.1.1 Rising Air Travel in the Asia Pacific region

3.2.1.2 Increasing Demand for advanced Aircraft Technology

3.2.2 Market Restraints

3.2.2.1 Decreasing Investments towards Aviation

3.3 See-Saw Analysis

3.3.1 Impact Analysis of Drivers and Restraints

3.4 Attractive Investment Proposition

3.5 Competitive Landscape

3.5.1 Market Positioning of Key Aerospace Engineering Providers

3.5.2 Leading players strategies

Chapter 4 Global Aerospace Engineering Market Analysis, By Component

4.1 Market Analysis

4.1.1 Global Aerospace Engineering Market, By Component, 2019 and 2028 (%)

4.2 Aerospace Structures

4.2.1 Global Aerospace Engineering Market Revenue and Growth for Aerospace Structures, 2018 - 2028, (US$ Bn)

4.3 Aerospace Services

4.3.1 Global Aerospace Engineering Market Revenue and Growth for Aerospace Services, 2018 - 2028, (US$ Bn)

Chapter 5 Global Aerospace Engineering Market Analysis, By Application

5.1 Market Analysis

5.1.1 Global Aerospace Engineering Market, By Application, 2019 and 2028 (%)

5.2 Aircrafts

5.2.1 Global Aerospace Engineering Market Revenue and Growth for Aircrafts, 2018 - 2028, (US$ Bn)

5.3 Spacecrafts

5.3.1 Global Aerospace Engineering Market Revenue and Growth for Spacecrafts, 2018 - 2028, (US$ Bn)

Chapter 6 North America Aerospace Engineering Market Analysis

Chapter 7 Europe Aerospace Engineering Market Analysis

Chapter 8 Asia Pacific Aerospace Engineering Market Analysis

Chapter 9 Rest of the World Aerospace Engineering Market Analysis

Chapter 10 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/b4no7f

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Global Aerospace Engineering Market (2020 to 2028) - Featuring WS Atkins, Bombardier and Cyient Among Others - ResearchAndMarkets.com - Business Wire