Europe Aerospace and Defense Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Europe Aerospace and Defense Market is segmented by Type (Commercial and General Aviation, Military Aircraft and Systems, Unmanned Aerial Systems, Space Systems and Equipment).

Market Snapshot

Europe Aerospace and Defense market 2020-2025_overview
Study Period: 2018 - 2026
Base Year: 2020
CAGR: >2.4 %

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Market Overview

The Europe aerospace and defense market is anticipated to register a CAGR of over 2.4% during the forecast period. Rising demand for commercial and military aircraft along with a substantial increase in defense spending has contributed to the growth of the aerospace and defense industry in Europe. Indigenous R&D and extensive manufacturing are bolstered by the presence of leading industry incumbents such as BAE Systems, Rolls Royce, Safran, Thales, and Leonardo. The industry is closely related to the GDP of the region and the industry players work in close collaboration with regional suppliers and end-user to foster symbiotic sustenance. The European Union (EU) has also formulated the Europe 2020 Strategy for smart, sustainable, and inclusive growth. The European space program contributes to regional scientific progress in the fields of telecommunications, navigation, and Earth observation. 

Scope of the Report

The study provides an in-depth analysis of the aerospace and defense industry in Europe. The scope of the study encompasses the commercial and military applications of all aerial assets. Besides, the study also accounts for the developments in the industry pertaining to critical systems and components of aircraft, UAVs, and satellites.

Commercial and General Aviation
Market Overview (Market Size and Forecast)
Market Dynamics
Drivers
Restraints
Opportunities
Market Trends
Segmentation: Commercial Aircraft
Air Traffic
Training and Flight Simulators (Market Size and Forecast)
Airport Services (Ground Support Equipment and Logistics) (Market Size and Forecast)
Structures (Market Size and Forecast)
Airframe
Materials (Composite, Metal and Metal Alloys, Others)
Adhesives and Coatings
Engine and Engine Systems
Cabin Interiors
Landing Gear
Avionics and Control Systems (Market Size and Forecast)
Communication System
Navigation System
Flight Control System
Health Monitoring System
Electrical Systems (Market Size and Forecast)
Environmental Control Systems (Market Size and Forecast)
Fuel and Fuel Systems (Market Size and Forecast)
MRO (Market Size and Forecast)
Research and Development
Supply Chain Analysis (Design, Raw Materials, Manufacturing, Assembly, Testing, and Certification)
Competitor Analysis
Regulatory Landscape and Future Policy Changes
Customer/Distributor Information
Pricing Information (by parts such as avionics, engines, etc.)
Segmentation: General Aviation (includes business jets, helicopter, and Personal Aircraft)
Air Traffic
Training and Flight Simulators (Market Size and Forecast)
Airport Services (Ground Support Equipment and Logistics) (Market Size and Forecast)
Structures (Market Size and Forecast)
Airframe
Materials (Composite, Metal and Metal Alloys, Others)
Adhesives and Coatings
Engine and Engine Systems
Cabin Interiors
Landing Gear
Avionics and Control Systems (Market Size and Forecast)
Communication System
Navigation System
Flight Control System
Health Monitoring System
Electrical Systems (Market Size and Forecast)
Environmental Control Systems (Market Size and Forecast)
Fuel and Fuel Systems (Market Size and Forecast)
MRO (Market Size and Forecast)
Research and Development
Supply Chain Analysis (Design, Raw Materials, Manufacturing, Assembly, Testing, and Certification)
Competitor Analysis
Regulatory Landscape and Future Policy Changes
Customer/Distributor Information
Pricing Information (by parts such as avionics, engines, etc.)
Military Aircraft and Systems
Market Overview (Market Size and Forecast)
Defense Spending and Budget Allocation Details
Army
Navy and Marine Corps
Air Force
Market Dynamics
Drivers
Restraints
Opportunities
Market Trends
MRO (Market Size and Forecast)
Research and Development
Training and Flight Simulators (Market Size and Forecast)
Competitor Analysis
Regulatory Landscape and Future Policy Changes
Pricing Information
Supply Chain Analysis (Design, Raw Materials, Manufacturing, Assembly, Testing, and Certification)
Customer/Distributor Information
Segmentation: Combat Aircraft
Structures (Market Size and Forecast)
Airframe
Materials (Composite, Metal and Metal Alloys, Others)
Adhesives and Coatings
Engine and Engine Systems
Landing Gear
Avionics and Control Systems (Market Size and Forecast)
General Avionics
Mission Specific Avionics
Missiles and Weapons (Market Size and Forecast)
Segmentation: Non-Combat Aircraft
Structures (Market Size and Forecast)
Airframe
Materials (Composite, Metal and Metal Alloys, Others)
Adhesives and Coatings
Engine and Engine Systems
Landing Gear
Avionics and Control Systems (Market Size and Forecast)
General Avionics
Mission Specific Avionics
Missiles and Weapons (Market Size and Forecast)
Unmanned Aerial Systems
Market Overview (Market Size and Forecast)
Market Dynamics
Drivers
Restraints
Opportunities
Market Trends
Research and Development
Competitor Analysis
Regulatory Landscape and Future Policy Changes
Customer Information
Pricing Information
Segmentation: Commercial
Structures and Propulsion System (Market Size and Forecast)
Control Systems and Payload (Market Size and Forecast)
Segmentation: Military
Structures and Propulsion System (Market Size and Forecast)
Control Systems and Payload (Market Size and Forecast)
Space Systems and Equipment
Market Overview (Market Size and Forecast)
Market Dynamics
Drivers
Restraints
Opportunities
Market Trends
Research and Development
Competitor Analysis
Regulatory Landscape and Future Policy Changes
Customer Information
Segmentation: Space Launch Vehicle, Spacecraft, and Ground Systems (Market Size and Forecast)
Segmentation: Satellites (Market Size and Forecast)
By Subsystem (Market Size and Forecast)
Command and Control System
Telemetry, Tracking, Commanding and Monitoring (TTCM)
Antenna System
Transponders
Power System
By Application
Military
Commercial

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Key Market Trends

Enhanced Defense Spending Bolstering Procurement

European countries are proactive members of the NATO forces. In 2014, the NATO member countries agreed to increase military spending to 2% of their gross domestic product (GDP) by 2024. Thus, Europe is increasing its military spending to boost the operational capabilities of the NATO alliance in the face of emerging threats from countries such as Russia and China. Regional NATO allies, Estonia, Greece, Latvia, Poland, Romania, and the UK are expected to fulfill the target of 2% by the end of 2019, while Germany is anticipated to miss the deadline on account of a multitude of efforts to restore the German military’s capabilities after decades of under-investment.

The EU is focused on strengthening the self-defense capabilities of its member nations and hence have launched several initiatives such as Permanent Structured Cooperation on Defence and Security (PESCO) and the European Defence Fund (EDF). PESCO was introduced by the Lisbon Treaty in December 2017 and facilitates the participation of European nations to develop joint defense capabilities, invest in shared projects, and enhance the operational readiness and contribution of their armed forces. In November 2019, the EU Council formally adopted 13 new collaborative projects under PESCO. The new projects include the development of airborne electronic attack for manned and unmanned aircraft, space-based early warning systems and endo-atmospheric interceptors to detect, track and counter aerial threats including missiles; and a system to insert drones into the Single European Sky system. The EDF allocated EUR 4.1 billion for research and EUR 8.9 billion for developing military capabilities, wherein collaborative projects involving at least three member states or associated countries are eligible for funding.

 

Europe Aerospace and Defense market 2020-2025_key trend 1

Increased Investment towards Eco-Friendly Aerospace Initiatives

Europe is actively engaged in conducting extensive R&D of emerging technologies for deployment in the aerospace sector. European programs such as CleanSky and SESAR are catalysts for the deployment of new technology-based solutions in the aerospace sector and make flying cleaner, quieter and safer.

Europe has historically been at the forefront of space exploration, investing massively in space infrastructures such as in the Copernicus and Galileo programs. During 2014-2020, the EU is anticipated to invest over EUR 12 billion in space activities. Major technological shifts, such as digitalization, miniaturization, artificial intelligence or reusable launcher, are disrupting traditional business models in the space sector, reducing the cost of accessing and using space. Hence, notable EU Union programs such as the EU Investment Plan, the European Fund for Strategic Investments (EFSI) and the Union Framework Programme for Research and Innovation, are aimed at scaling up of start-ups to stimulate a number of investments into the space sector. The ESA is at the forefront of the ongoing search for new habitable planets. Hence, as part of its ambitious exoplanet mission, in December 2019, the ESA launched the CHEOPS probe onboard a Soyuz rocket. The ESA also plans to launch a space debris collector, the ClearSpace-1, in 2025. 

Europe Aerospace and Defense market 2020-2025_key trend 2

Competitive Landscape

The emerging security environment, fueled by the growing geopolitical unrest in several countries, is resulting in the growing demand for advanced aircraft, UAVs and satellites. In order to gain long-term contracts and enhance the market share, players are investing significantly towards R&D of sophisticated product offerings. Furthermore, continuous R&D has been fostering the technological advancements in platforms and associated products and solutions of the European aerospace and defense market. The market is fragmented, with many global players present in the market. Some of the prominent players in the market studied include Airbus SE, BAE Systems plc, Leonardo S.p.A., Safran SA, and the Thales Group, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET SEGMENTATION

    1. 4.1 Commercial and General Aviation

      1. 4.1.1 Market Overview (Market Size and Forecast)

      2. 4.1.2 Market Dynamics

        1. 4.1.2.1 Drivers

        2. 4.1.2.2 Restraints

        3. 4.1.2.3 Opportunities

      3. 4.1.3 Market Trends

      4. 4.1.4 Segmentation: Commercial Aircraft

        1. 4.1.4.1 Air Traffic

        2. 4.1.4.2 Training and Flight Simulators (Market Size and Forecast)

        3. 4.1.4.3 Airport Services (Ground Support Equipment and Logistics) (Market Size and Forecast)

        4. 4.1.4.4 Structures (Market Size and Forecast)

          1. 4.1.4.4.1 Airframe

            1. 4.1.4.4.1.1 Materials (Composite, Metal and Metal Alloys, Others)

            2. 4.1.4.4.1.2 Adhesives and Coatings

          2. 4.1.4.4.2 Engine and Engine Systems

          3. 4.1.4.4.3 Cabin Interiors

          4. 4.1.4.4.4 Landing Gear

        5. 4.1.4.5 Avionics and Control Systems (Market Size and Forecast)

          1. 4.1.4.5.1 Communication System

          2. 4.1.4.5.2 Navigation System

          3. 4.1.4.5.3 Flight Control System

          4. 4.1.4.5.4 Health Monitoring System

        6. 4.1.4.6 Electrical Systems (Market Size and Forecast)

        7. 4.1.4.7 Environmental Control Systems (Market Size and Forecast)

        8. 4.1.4.8 Fuel and Fuel Systems (Market Size and Forecast)

        9. 4.1.4.9 MRO (Market Size and Forecast)

        10. 4.1.4.10 Research and Development

        11. 4.1.4.11 Supply Chain Analysis (Design, Raw Materials, Manufacturing, Assembly, Testing, and Certification)

        12. 4.1.4.12 Competitor Analysis

        13. 4.1.4.13 Regulatory Landscape and Future Policy Changes

        14. 4.1.4.14 Customer/Distributor Information

        15. 4.1.4.15 Pricing Information (by parts such as avionics, engines, etc.)

      5. 4.1.5 Segmentation: General Aviation (includes business jets, helicopter, and Personal Aircraft)

        1. 4.1.5.1 Air Traffic

        2. 4.1.5.2 Training and Flight Simulators (Market Size and Forecast)

        3. 4.1.5.3 Airport Services (Ground Support Equipment and Logistics) (Market Size and Forecast)

        4. 4.1.5.4 Structures (Market Size and Forecast)

          1. 4.1.5.4.1 Airframe

            1. 4.1.5.4.1.1 Materials (Composite, Metal and Metal Alloys, Others)

            2. 4.1.5.4.1.2 Adhesives and Coatings

          2. 4.1.5.4.2 Engine and Engine Systems

          3. 4.1.5.4.3 Cabin Interiors

          4. 4.1.5.4.4 Landing Gear

        5. 4.1.5.5 Avionics and Control Systems (Market Size and Forecast)

          1. 4.1.5.5.1 Communication System

          2. 4.1.5.5.2 Navigation System

          3. 4.1.5.5.3 Flight Control System

          4. 4.1.5.5.4 Health Monitoring System

        6. 4.1.5.6 Electrical Systems (Market Size and Forecast)

        7. 4.1.5.7 Environmental Control Systems (Market Size and Forecast)

        8. 4.1.5.8 Fuel and Fuel Systems (Market Size and Forecast)

        9. 4.1.5.9 MRO (Market Size and Forecast)

        10. 4.1.5.10 Research and Development

        11. 4.1.5.11 Supply Chain Analysis (Design, Raw Materials, Manufacturing, Assembly, Testing, and Certification)

        12. 4.1.5.12 Competitor Analysis

        13. 4.1.5.13 Regulatory Landscape and Future Policy Changes

        14. 4.1.5.14 Customer/Distributor Information

        15. 4.1.5.15 Pricing Information (by parts such as avionics, engines, etc.)

    2. 4.2 Military Aircraft and Systems

      1. 4.2.1 Market Overview (Market Size and Forecast)

      2. 4.2.2 Defense Spending and Budget Allocation Details

        1. 4.2.2.1 Army

        2. 4.2.2.2 Navy and Marine Corps

        3. 4.2.2.3 Air Force

      3. 4.2.3 Market Dynamics

        1. 4.2.3.1 Drivers

        2. 4.2.3.2 Restraints

        3. 4.2.3.3 Opportunities

      4. 4.2.4 Market Trends

      5. 4.2.5 MRO (Market Size and Forecast)

      6. 4.2.6 Research and Development

      7. 4.2.7 Training and Flight Simulators (Market Size and Forecast)

      8. 4.2.8 Competitor Analysis

      9. 4.2.9 Regulatory Landscape and Future Policy Changes

      10. 4.2.10 Pricing Information

      11. 4.2.11 Supply Chain Analysis (Design, Raw Materials, Manufacturing, Assembly, Testing, and Certification)

      12. 4.2.12 Customer/Distributor Information

      13. 4.2.13 Segmentation: Combat Aircraft

        1. 4.2.13.1 Structures (Market Size and Forecast)

          1. 4.2.13.1.1 Airframe

            1. 4.2.13.1.1.1 Materials (Composite, Metal and Metal Alloys, Others)

            2. 4.2.13.1.1.2 Adhesives and Coatings

          2. 4.2.13.1.2 Engine and Engine Systems

          3. 4.2.13.1.3 Landing Gear

        2. 4.2.13.2 Avionics and Control Systems (Market Size and Forecast)

          1. 4.2.13.2.1 General Avionics

          2. 4.2.13.2.2 Mission Specific Avionics

        3. 4.2.13.3 Missiles and Weapons (Market Size and Forecast)

      14. 4.2.14 Segmentation: Non-Combat Aircraft

        1. 4.2.14.1 Structures (Market Size and Forecast)

          1. 4.2.14.1.1 Airframe

            1. 4.2.14.1.1.1 Materials (Composite, Metal and Metal Alloys, Others)

            2. 4.2.14.1.1.2 Adhesives and Coatings

          2. 4.2.14.1.2 Engine and Engine Systems

          3. 4.2.14.1.3 Landing Gear

        2. 4.2.14.2 Avionics and Control Systems (Market Size and Forecast)

          1. 4.2.14.2.1 General Avionics

          2. 4.2.14.2.2 Mission Specific Avionics

        3. 4.2.14.3 Missiles and Weapons (Market Size and Forecast)

    3. 4.3 Unmanned Aerial Systems

      1. 4.3.1 Market Overview (Market Size and Forecast)

      2. 4.3.2 Market Dynamics

        1. 4.3.2.1 Drivers

        2. 4.3.2.2 Restraints

        3. 4.3.2.3 Opportunities

      3. 4.3.3 Market Trends

      4. 4.3.4 Research and Development

      5. 4.3.5 Competitor Analysis

      6. 4.3.6 Regulatory Landscape and Future Policy Changes

      7. 4.3.7 Customer Information

      8. 4.3.8 Pricing Information

      9. 4.3.9 Segmentation: Commercial

        1. 4.3.9.1 Structures and Propulsion System (Market Size and Forecast)

        2. 4.3.9.2 Control Systems and Payload (Market Size and Forecast)

      10. 4.3.10 Segmentation: Military

        1. 4.3.10.1 Structures and Propulsion System (Market Size and Forecast)

        2. 4.3.10.2 Control Systems and Payload (Market Size and Forecast)

    4. 4.4 Space Systems and Equipment

      1. 4.4.1 Market Overview (Market Size and Forecast)

      2. 4.4.2 Market Dynamics

        1. 4.4.2.1 Drivers

        2. 4.4.2.2 Restraints

        3. 4.4.2.3 Opportunities

      3. 4.4.3 Market Trends

      4. 4.4.4 Research and Development

      5. 4.4.5 Competitor Analysis

      6. 4.4.6 Regulatory Landscape and Future Policy Changes

      7. 4.4.7 Customer Information

      8. 4.4.8 Segmentation: Space Launch Vehicle, Spacecraft, and Ground Systems (Market Size and Forecast)

      9. 4.4.9 Segmentation: Satellites (Market Size and Forecast)

        1. 4.4.9.1 By Subsystem (Market Size and Forecast)

          1. 4.4.9.1.1 Command and Control System

          2. 4.4.9.1.2 Telemetry, Tracking, Commanding and Monitoring (TTCM)

          3. 4.4.9.1.3 Antenna System

          4. 4.4.9.1.4 Transponders

          5. 4.4.9.1.5 Power System

        2. 4.4.9.2 By Application

          1. 4.4.9.2.1 Military

          2. 4.4.9.2.2 Commercial

  5. 5. COMPANY PROFILES

    1. 5.1 Airbus SE

    2. 5.2 BAE Systems plc

    3. 5.3 Dassault Systemes SE

    4. 5.4 Fincantieri S.p.A.

    5. 5.5 GKN Aerospace (Melrose Industries plc)

    6. 5.6 Leonardo S.p.A.

    7. 5.7 Naval Group

    8. 5.8 QinetiQ Group plc

    9. 5.9 Rheinmetall AG

    10. 5.10 Rolls-Royce plc

    11. 5.11 Rostec State Corporation

    12. 5.12 Safran SA

    13. 5.13 Thales Group*

  6. *List Not Exhaustive
**Subject to Availability

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Frequently Asked Questions

The Europe Aerospace And Defense Market market is studied from 2018 - 2026.

The Europe Aerospace And Defense Market is growing at a CAGR of >2.4% over the next 5 years.

Airbus SE, BAE Systems plc, Leonardo S.p.A., Safran SA, Thales Group are the major companies operating in Europe Aerospace And Defense Market.

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