In terms of revenue, the global aerospace market size was valued at around USD 750 billion in 2022 and is projected to reach USD 1388 billion, by 2030. The growing investment in the aerospace and defense sector is expected to drive the revenue growth of the aerospace and defense industry. The United States and Europe currently dominate, but countries like China and India are increasing their presence in the sector rapidly.
The WBC Aerospace Industry Council is actively advancing the aerospace sector by fostering collaboration among global aerospace leaders, driving innovation, and advocating for sustainable aviation technologies. The Council supports its members in addressing industry challenges through research, policy advocacy, and partnerships with key stakeholders.
United States of America
Business Volume: Over $250 B
France
Business Volume: Around $80 B
Germany
Business Volume: Around $50 B
United Kingdom
Business Volume: Around $35 B
China
Business Volume: Over $30 B
Russia
Business Volume: Around $30 B
Canada
Business Volume: Around $25 B
Japan
Business Volume: Around $25 B
Italy
Business Volume: Around $20 B