Research and Markets predicts that the global aerospace market will be worth $352.5 billion within 10 years due to changing technologies, high replacement rates, increased aircraft size and growing population of high-net-worth individuals.
The company said Thursday its new “Global Aerospace Market Trends and Forecast: 2014-2033” report analyzes emerging trends, drivers for growth and the competitive landscape, and includes market forecasts by region and application.
The report also listed the following major suppliers in the global aerospace market:
- Lockheed Martin
- Northrup Grumman