The Germany aerospace and defense market size reached approximately USD 24.55 billion in 2022. The market is estimated to grow at a CAGR of 4.40% in the forecast period of 2023-2028, reaching a value of around USD 31.59 billion by 2028.
Aerospace and defense refer to a sector that encompasses the manufacturing, designing, and maintenance and repair of aircraft, missiles, spacecraft, and military equipment and weapons. This sector plays an important role in ensuring optimal national security through the deployment of defense aircraft and equipment.
Based on type, the market is divided into aerospace and defense. Aerospace is further segmented into aviation and space whereas defense is further divided into army, navy, and airforce.
On the basis of offerings, the Germany aerospace and defense market segmentation includes personnel training, simulation, and protection equipment, communication systems, weapons and ammunition, and vehicles. Based on service, the market is classified into manufacturing, design, and engineering and maintenance, repair, and overhaul.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Germany aerospace and defense market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
The aerospace sector holds a sizeable portion of the Germany aerospace and defense market share owing to the presence of several aerospace manufacturers such as Diehl Aviation in the country. Furthermore, increasing research and development expenditures in the aerospace sector for improving national security and preventing cyberattacks also contribute to the market growth. Moreover, an increasing number of start-ups aimed at revolutionising the aerospace sector are aiding the market.
As per the Germany aerospace and defense market analysis, manufacturing accounts for a substantial market share due to the increasing demand for new aircraft, missiles, and other equipment in the country. The rise in the production of civil and military aircraft, avionics systems, engines, navigation systems, and other components of aircraft and helicopters also bolsters the segment’s growth.
Moreover, the growing manufacturing of high-tech missiles, ammunition, firearms, and armed vehicles to strengthen the defense of the country drives the market. The increasing utilisation of advanced materials and techniques like composites and 3D printing in the manufacturing sector is expected to further propel the Germany aerospace and defense market growth in the forecast period.
Raytheon Technologies Corporation, established in 1922, is an American defense corporation with its headquarters in Massachusetts, the United States. The company manufactures and designs combat aircraft, military weapons, equipment, and missiles, among others.
Thyssenkrupp AG, a German steel manufacturer, was founded in 1999 and has its headquarters in Essen, Germany. It boasts expertise in different fields, including mobility, climate protection, and digital transformation.
Liebherr Group, founded in 1949 and based in Bulle, Switzerland, is a German-Swiss equipment manufacturer. Some of the products offered by the company are aerospace systems, machinery, cranes, and automation systems, among others.
Other Germany aerospace and defense market players include Leonardo S.p.A., Airbus SAS, Rheinmetall AG, Lockheed Martin Corporation, Krauss-Maffei Wegmann GmbH & Co. KG, and MBDA, among others.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Type||
|Breakup by Offerings||
|Breakup by Service||
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Aerospace and Defense Market Overview
8.1 Key Industry Highlights
8.2 Global Aerospace and Defense Historical Market (2018-2022)
8.3 Global Aerospace and Defense Market Forecast (2023-2028)
8.4 Global Aerospace and Defense Market Share by Region
8.4.1 North America
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Germany Aerospace and Defense Market Overview
9.1 Key Industry Highlights
9.2 Germany Aerospace and Defense Historical Market (2018-2022)
9.3 Germany Aerospace and Defense Market Forecast (2023-2028)
10 Germany Aerospace and Defense Market by Type
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.1.3 Breakup by Type
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.2.3 Breakup by Type
11 Germany Aerospace and Defense Market by Offerings
11.1 Personnel Training, Simulation, and Protection Equipment
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Communication Systems
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 Weapons and Ammunition
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
12 Germany Aerospace and Defense Market by Service
12.1 Manufacturing, Design, and Engineering
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Maintenance, Repair, and Overhaul
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
13 Market Dynamics
13.1 SWOT Analysis
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Raytheon Technologies Corporation
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
14.2.2 Thyssenkrupp AG
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
14.2.3 Liebherr Group
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
14.2.4 Leonardo S.p.A.
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
14.2.5 Airbus SAS
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
14.2.6 Rheinmetall AG
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
14.2.7 Lockheed Martin Corporation
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
14.2.8 Krauss-Maffei Wegmann GmbH & Co. KG
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Aerospace and Defense Market: Key Industry Highlights, 2018 and 2028
2. Germany Aerospace and Defense Market: Key Industry Highlights, 2018 and 2028
3. Germany Aerospace and Defense Historical Market: Breakup by Type (USD Billion), 2018-2022
4. Germany Aerospace and Defense Market Forecast: Breakup by Type (USD Billion), 2023-2028
5. Germany Aerospace and Defense Historical Market: Breakup by Offerings (USD Billion), 2018-2022
6. Germany Aerospace and Defense Market Forecast: Breakup by Offerings (USD Billion), 2023-2028
7. Germany Aerospace and Defense Historical Market: Breakup by Service (USD Billion), 2018-2022
8. Germany Aerospace and Defense Market Forecast: Breakup by Service (USD Billion), 2023-2028
9. Germany Aerospace and Defense Market Structure
In 2022, the market reached an approximate value of USD 24.55 billion.
The market is projected to grow at a CAGR of 4.40% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028, reaching a value of around USD 31.59 billion by 2028.
The major market drivers are rising security concerns, government investments in the aerospace and defense sector, and growth of the civil aviation sector.
The key trends of the German market include increasing defense budget, growth in space exploration projects, technological advancements, and the development of sustainable military vehicles.
The various segments based on offerings of aerospace and defense are personnel training, simulation, and protection equipment, communication systems, weapons and ammunitions, and vehicles, among others.
The different segments based on services of aerospace and defense are manufacturing, design, and engineering and maintenance, repair, and overhaul.
The key market players, according to the report, are Raytheon Technologies Corporation, Thyssenkrupp AG, Liebherr Group, Leonardo S.p.A., Airbus SAS, Rheinmetall AG, Lockheed Martin Corporation, Krauss-Maffei Wegmann GmbH & Co. KG, and MBDA, among others.
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