Market Share of Europe Aerospace and Defense Industry
The growing geopolitical unrest in several countries is contributing to an emerging security environment, resulting in increased demand for advanced aircraft, UAVs, and satellites. To secure long-term contracts and improve their market share, players are investing significantly in the R&D of sophisticated product offerings. Continuous R&D has fostered technological advancements in platforms and associated products and solutions in the European aerospace and defense market. The market is moderately fragmented, with several global players, including Airbus SE, BAE Systems PLC, Leonardo SpA, Safran SA, and the Thales Group.
In July 2022, Airbus and Singapore's Defence Science and Technology Agency (DSTA) expanded their agreement signed earlier this year at the Singapore Airshow to include helicopters. The goal is to advance the co-development of digital solutions for the Republic of Singapore Air Force's (RSAF) military aircraft platforms.
Europe Aerospace and Defense Market Leaders
Airbus SE
BAE Systems plc
Leonardo S.p.A.
Safran SA
Thales Group
*Disclaimer: Major Players sorted in no particular order
