Europe Aerospace and Defense Market Introduction and Overview
According to SPER Market Research, the Europe Aerospace and Defense Market is estimated to reach USD XX billion by 2033 with a CAGR of 2.6%.
The report includes an in-depth analysis of the Europe Aerospace and Defense Market, including market size and trends, product mix, distribution channels, and supplier analysis. Aerospace encompasses the creation and production of aircraft, rockets, missiles, and spacecraft, including those designed for outer space operations. In contrast, defense equipment refers to military-oriented weaponry, arms, and gear utilized for military objectives and applications.
- July 2022: Leonardo and BAE Systems have been actively advancing collaborative prospects in the development of the Future Combat Air System (FCAS) program, as part of a joint defense sector cooperation initiative between Italy and the UK.
- July 2022: Embraer and BAE Systems signed two Memorandums of Understanding (MoUs). The first one outlines a strategic partnership for collaboration in BAE Systems' key markets, including the Middle East. The second MoU indicates an intent to create a defense-focused variant of Eve's eVTOL aircraft through a joint venture.
Market Opportunities and Challenges
The aerospace and defense sector in Europe is intricately linked to the region's GDP. Industry participants collaborate closely with local suppliers and end-users, aiming for mutually beneficial relationships. Additionally, the European Union (EU) has established the Europe 2020 Strategy, focused on achieving intelligent, sustainable, and inclusive growth. Moreover, the European space program plays a pivotal role in advancing regional scientific endeavors, particularly in areas such as telecommunications, navigation, and Earth observation.
However, the aerospace and defense industry (A&D) may face its most significant risks and challenges from disruptions in the supply chain and a shortage of skilled personnel. Since passenger travel demand is closely tied to ticket costs, which are influenced by jet fuel prices, a sudden and persistent surge in jet fuel prices can affect air traffic and create market instability. In response to this challenge, aircraft manufacturers are making investments in the design of aircraft and engines to enhance fuel efficiency, reduce operational expenses, and investigate the development of commercial aircraft with lower or zero emissions for future use.
Market Competitive Landscape
Rising geopolitical tensions in multiple nations are fuelling a growing security landscape, leading to heightened requirements for advanced aircraft, UAVs (Unmanned Aerial Vehicles), and satellites. To secure extended contracts and enhance their market presence, companies are making substantial investments in the research and development of cutting-edge product offerings. This ongoing R&D effort has driven technological progress in various aerospace and defense platforms and their associated products and solutions within the European market. The market exhibits a moderate level of fragmentation, with several major players, including Airbus SE, BAE Systems PLC, Dassault Aviation SA, Fincantieri SpA., GKN Aerospace, Leonardo SpA., Lockheed Martin Corporation, Naval Group, QinetiQ Group PLC, Rheinmetall AG, Rolls-Royce PLC, Rostec, Safran SA, Thales Group, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Commercial and General Aviation, By Military Aircraft and Systems, By Unmanned Aerial Systems, By Space Systems and Equipment
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| Regions covered | France, Germany, Italy, Spain, United Kingdom, Rest of Europe
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| Companies Covered | Airbus SE, BAE Systems PLC, Dassault Aviation SA, Fincantieri SpA., GKN Aerospace, Leonardo SpA., Lockheed Martin Corporation, Naval Group, QinetiQ Group PLC, Rheinmetall AG, Rolls-Royce PLC, Rostec, Safran SA, Thales Group, Others
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COVID-19 Impact on Europe Aerospace and Defense Market
COVID-19 prompted many countries to impose restrictions on the import and export of goods. Simultaneously, the ongoing conflict between Ukraine and Russia added to the stringent oversight of imports and exports. The pandemic adversely affected the economic situation of the European aerospace sector but had a relatively modest impact on the defense industry. Manufacturers faced challenges in procuring necessary raw materials for defense product manufacturing due to the pandemic. Conversely, as the pandemic's severity lessened, both the aerospace and defense sectors in Europe experienced growth.
Key Target Audience:
- Aerospace Manufacturers
- Aerospace Suppliers and Component Manufacturers
- Aircraft Maintenance, Repair, and Overhaul (MRO) Companies
- Airlines and Commercial Aviation Companies
- Cybersecurity and IT Services Providers
- Defense Contractors
- Educational and Training Institutions
- Government and Military Entities
- Research and Development Organizations
- Startups and Innovators
- Technology and Innovation Hubs
- Others
Our in-depth analysis of the Europe Aerospace and Defense Market includes the following segments:
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By Commercial and General Aviation:
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Structures
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By Military Aircraft and Systems:
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Combat Aircraft
Non-Combat Aircraft
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By Unmanned Aerial Systems:
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Commercial
Military
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By Space Systems and Equipment:
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Ground Systems
Space Launch Vehicle
Spacecraft
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Key Topics Covered in the Report:
- Europe Aerospace and Defense Market Size (FY’2023-FY’2033)
- Overview of Europe Aerospace and Defense Market
- Segmentation of Europe Aerospace and Defense Market By Commercial and General Aviation (Structures)
- Segmentation of Europe Aerospace and Defense Market By Military Aircraft and Systems (Combat Aircraft, Non-Combat Aircraft)
- Segmentation of Europe Aerospace and Defense Market By Unmanned Aerial Systems (Commercial, Military)
- Segmentation of Europe Aerospace and Defense Market By Space Systems and Equipment (Ground Systems, Space Launch Vehicle, Spacecraft)
- Statistical Snap of Europe Aerospace and Defense Market
- Expansion Analysis of Europe Aerospace and Defense Market
- Problems and Obstacles in Europe Aerospace and Defense Market
- Competitive Landscape in the Europe Aerospace and Defense Market
- Impact of COVID-19 and Demonetization on Europe Aerospace and Defense Market
- Details on Current Investment in Europe Aerospace and Defense Market
- Competitive Analysis of Europe Aerospace and Defense Market
- Prominent Players in the Europe Aerospace and Defense Market
- SWOT Analysis of Europe Aerospace and Defense Market
- Europe Aerospace and Defense Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Aerospace and Defense Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Aerospace and Defense Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Aerospace and Defense Market
7. Europe Aerospace and Defense Market, By Commercial and General Aviation (USD Million)
7.1. Europe Aerospace and Defense Market Value Share and Forecast, By Commercial and General Aviation, 2023-2033
7.2. Structures
7.2.1. Airframe
7.2.2. Avionics and Control Systems
7.2.3. Cabin Interiors
7.2.4. Electrical Systems
7.2.5. Engine and Engine Systems
7.2.6. Environmental Control Systems
7.2.7. Fuel and Fuel Systems
7.2.8. Landing Gear
8. Europe Aerospace and Defense Market, By Military Aircraft and Systems (USD Million)
8.1. Europe Aerospace and Defense Market Value Share and Forecast, By Military Aircraft and Systems, 2023-2033
8.2. Combat Aircraft
8.3. Non-Combat Aircraft
9. Europe Aerospace and Defense Market, By Unmanned Aerial Systems (USD Million)
9.1. Europe Aerospace and Defense Market Value Share and Forecast, By Unmanned Aerial Systems, 2023-2033
9.2. Commercial
9.3. Military
10. Europe Aerospace and Defense Market, By Space Systems and Equipment (USD Million)
10.1. Europe Aerospace and Defense Market Value Share and Forecast, By Space Systems and Equipment, 2023-2033
10.2. Ground Systems
10.3. Space Launch Vehicle
10.4. Spacecraft
11. Europe Aerospace and Defense Market Forecast, 2019-2033 (USD Million)
11.1. Europe Aerospace and Defense Market Size and Market Share
12. Europe Aerospace and Defense Market, By Commercial and General Aviation, 2019-2033 (USD Million)
12.1. Europe Aerospace and Defense Market Size and Market Share By Commercial and General Aviation (2019-2026)
12.2. Europe Aerospace and Defense Market Size and Market Share By Commercial and General Aviation (2027-2033)
13. Europe Aerospace and Defense Market, By Military Aircraft and Systems, 2019-2033 (USD Million)
13.1. Europe Aerospace and Defense Market Size and Market Share By Military Aircraft and Systems (2019-2026)
13.2. Europe Aerospace and Defense Market Size and Market Share By Military Aircraft and Systems (2027-2033)
14. Europe Aerospace and Defense Market, By Unmanned Aerial Systems, 2019-2033 (USD Million)
14.1. Europe Aerospace and Defense Market Size and Market Share By Unmanned Aerial Systems (2019-2026)
14.2. Europe Aerospace and Defense Market Size and Market Share By Unmanned Aerial Systems (2027-2033)
15. Europe Aerospace and Defense Market, By Space Systems and Equipment, 2019-2033 (USD Million)
15.1. Europe Aerospace and Defense Market Size and Market Share By Space Systems and Equipment (2019-2026)
15.2. Europe Aerospace and Defense Market Size and Market Share By Space Systems and Equipment (2027-2033)
16. Europe Aerospace and Defense Market, By Region, 2019-2033 (USD Million)
16.1. Europe Aerospace and Defense Market Size and Market Share By Region (2019-2026)
16.2. Europe Aerospace and Defense Market Size and Market Share By Region (2027-2033)
16.3. France
16.4. Germany
16.5. Italy
16.6. Spain
16.7. United Kingdom
16.8. Rest of Europe
17. Company Profile
17.1. Airbus SE
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. BAE Systems PLC
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Dassault Aviation SA
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. Fincantieri SpA.
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. GKN Aerospace
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Leonardo SpA.
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. Lockheed Martin Corporation
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. Naval Group
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. QinetiQ Group PLC
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. Rheinmetall AG
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments
17.11. Rolls-Royce PLC
17.11.1. Company details
17.11.2. Financial outlook
17.11.3. Product summary
17.11.4. Recent developments
17.12. Rostec
17.12.1. Company details
17.12.2. Financial outlook
17.12.3. Product summary
17.12.4. Recent developments
17.13. Safran SA
17.13.1. Company details
17.13.2. Financial outlook
17.13.3. Product summary
17.13.4. Recent developments
17.14. Thales Group
17.14.1. Company details
17.14.2. Financial outlook
17.14.3. Product summary
17.14.4. Recent developments
17.15. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
