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The global aerospace and defense industry is likely to experience stronger growth in the coming years. The Aerospace/Defense Industry serves, as its name represents, two main markets: Aerospace, which largely comprises the production, sale, and service of commercial aircraft. And Defense, which is dependent on the nation's need for military weapons and systems designed to operate on land, sea, and in the air. Also included in this industry is the production of general aircraft (mostly for business use) and space vehicles, usually satellites, for both military and commercial use.
The aerospace and defense (A&D) industry finds itself in an increasingly challenging predicament. In recent years, military spending globally has been under immense pressure, governments around the world haven’t started many significant new weapons programs, and few are on the horizon. Moreover, for the past decade departments and ministries of defense have shifted some of their attention to vendors that aren’t part of the core defense industry, particularly technology firms that leaders believe can deliver products within shorter time frames with more agility than legacy A&D companies.
Scalar Market Research produced comprehensive market research reports that analyze all the activities that take place within the aerospace and defense market. We monitor the technological advancements and growth patterns in this market based on the technologies, processes, and support activities.