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Global Aerospace & Defense Contract Manufacturing IndustryNew Study On “Global Aerospace & Defense Contract Manufacturing Market Share, Supply, Analysis and Forecast to 2023” Added to Wise Guy Reports Database
Market Overview
Increasing spending in R&D activities by contract manufacturers and the piling-up pressure to meet the stringent standards of quality are pushing the global market of aerospace & defense contract manufacturing. Add to this, the increasing number of government contracts and an increasing pool of players across the globe are widening the market opportunity and influencing its growth. The report published in Sheer Analytics and Insights on the global aerospace & defense contract manufacturing market revealed the growth to be at a notable pace.
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Market Segmentation
The global aerospace & defense contract manufacturing market has been segmented in terms of end-users and services.
By end-users, the market divides into government and commercials. The government segment is further narrowed down into navy and coast guard, army, air force, and others. In recent years, a significant rise in the number of contracts have been noticed, one which is contributing growth to the overall market. Not to mention, commercial segment is growing at positive pace due to the accelerating demand for commercial aircraft by international airlines like Jet Airways.
By services, the market segments into manufacturing, design & engineering, assembly, and others.
Regional Analysis
The global aerospace & defense contract manufacturing market is geographically distributed across the following key regions: Latin America, Asia Pacific, North America, Europe, and the Middle East and Africa. The geographical analysis of the market provides key insights about the global outreach and footprint of the market, one which was precisely analyzed and ascertained for the concerned market. The analysis reported North America to be the leading market share holder over the forecast period. The region is followed by Europe in the standings for the aerospace & defense contract manufacturing market. The presence of various key players in the market is expected to be the major driving factor for the North American regional market. Asia Pacific, on the other hand, is showcasing positive growth and is anticipated to experience the fastest growth over the forecast period due to the rising expenditure level in the defense sector among countries like India and China.
Competitive Landscape
The global aerospace & defense contract manufacturing market comprises a host of key players. This includes names like Axian Technologies, Inc., ABX Engineering, Inc., Bharat Electronics Ltd., A&S Mold and Die Corp., Mitsubishi Heavy Industries, Ltd., Alpha Design Technologies Pvt. Ltd., Accelerated Machine Design & Engineering LLC, Commercial Aircraft Corporation of China, Ltd., China Aerospace Science and Technology Corp., Mahindra Aerospace Pvt. Ltd., BAE Systems PLC, Kawasaki Heavy Industries, Ltd., General Dynamics Corp., Avion Technology, Inc., Genser Aerospace & IT Pvt. Ltd., Hindustan Aeronautics Ltd., Blue Origin, LLC, Captor Corp., CAE, Inc., Precision Aerospace Component Engineering Ltd., Nova-Tech Engineering, Inc., Merc Aerospace Ltd., Magellan Aerospace Corp., Raghu Vamsi Machine Tools Pvt. Ltd., Metro Tool & Die Ltd., Northrop Grumman Corporation, Lockheed Martin Corp., L3 Technologies, Inc., Northstar Aerospace, Inc., MAN Group PLC, and others.
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