The global aerospace and defence market is estimated to be valued at US$ 1600 billion in the year 2025, growing at a CAGR of 3.5% in the period 2019 to 2025. Growth of the market is driven by factors such as the boom in commercial aircrafts segment, the surge in global airline traffic, and the rise in military expenditure.

This industry comprises of companies dealing with manufacturing of civil and military procurement. The global aerospace industry has undergone a rapid transition over recent years as traditional leading market players have experienced coldness in domestic markets.