Market Size of Germany Aerospace And Defense Industry
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 31.54 Billion |
| Market Size (2029) | USD 38.19 Billion |
| CAGR (2024 - 2029) | 2.94 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Germany Aerospace and Defense Market Analysis
The Germany Aerospace And Defense Market size is estimated at USD 31.54 billion in 2024, and is expected to reach USD 38.19 billion by 2029, growing at a CAGR of 2.94% during the forecast period (2024-2029).
The German defense industry is projected to witness significant growth during the forecast period. An increase in the country's defense spending in recent years and the growing acquisition of defense armaments by the German government to strengthen its defense capabilities are some of the factors that are anticipated to lead to market growth in the coming years.
The recent Russian attack on Ukraine has led to the German government focusing more on developing its military capabilities. Various defense companies within the country, in recent years, have focused on increasing their investments to develop advanced armaments and support the German military, and this is expected to drive market growth in the coming years.
On the other hand, the growing number of restrictions imposed on the German military would hamper the growth of the market in the long run. Furthermore, growth in the number of weapon orders and the increasing acquisition of trained staff to manage and provide maintenance to new and more modern equipment will lead to growing opportunities in the country's defense industry in the near future.
