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Germany Aerospace and Defense Market Size, Forecast: By Type: Aerospace, Defense; By Offerings: Personnel Training, Simulation, and Protection Equipment, Communication Systems, Weapons and Ammunition, Vehicles; By Service: Manufacturing, Design, and Engineering, Maintenance, Repair, and Overhaul; Competitive Landscape; 2024-2032
Germany Aerospace and Defense Market Outlook
The Germany aerospace and defense market size reached approximately USD 25.63 billion in 2023. The market is estimated to grow at a CAGR of 4.3% in the forecast period of 2024-2032, reaching a value of around USD 37.53 billion by 2032.
Key Trends in the Market
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.
- Increasing spending by the German government for the modernisation of armed forces is a crucial market trend. The country is also focused on expanding its military presence and boosting defense cooperation with other countries amid growing geopolitical concerns, further driving the market.
- Rise in the manufacturing of high-performance aircraft and the growing deployment of advanced drones are also expected to propel the Germany aerospace and defense market growth in the forecast period.
- A surge in the number of space exploration projects is expected to favour the market as several research institutes and companies are increasingly developing and deploying satellites and other space-related components.
- One of the key Germany aerospace and defense market trends is the increasing trend of sustainability. This is prompting the development of eco-friendly military vehicles and driving the use of sustainable aviation fuels in aircraft.
Market Analysis
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.
- Raytheon Technologies Corporation
- Thyssenkrupp AG
- Liebherr Group
- Leonardo S.p.A.
- Airbus SAS
- Rheinmetall AG
- Lockheed Martin Corporation
- Krauss-Maffei Wegmann GmbH & Co. KG
- MBDA
- Others
Market Share by Type
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.
Market Share by Service
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.
Competitive Landscape
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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
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| Breakup by Offerings |
|
| Breakup by Service |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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*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.
1 Preface
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
5.1 Overview
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 (2018-2023)
8.3 Global Aerospace and Defense Market Forecast (2024-2032)
8.4 Global Aerospace and Defense Market Share by Region
8.4.1 North America
8.4.2 Europe
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 (2018-2023)
9.3 Germany Aerospace and Defense Market Forecast (2024-2032)
10 Germany Aerospace and Defense Market by Type
10.1 Aerospace
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Aviation
10.1.3.2 Space
10.2 Defense
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Type
10.2.3.1 Army
10.2.3.2 Navy
10.2.3.3 Airforce
11 Germany Aerospace and Defense Market by Offerings
11.1 Personnel Training, Simulation, and Protection Equipment
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Communication Systems
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Weapons and Ammunition
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Vehicles
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
12 Germany Aerospace and Defense Market by Service
12.1 Manufacturing, Design, and Engineering
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Maintenance, Repair, and Overhaul
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
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
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Thyssenkrupp AG
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Liebherr Group
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Leonardo S.p.A.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Airbus SAS
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Rheinmetall AG
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Lockheed Martin Corporation
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Krauss-Maffei Wegmann GmbH & Co. KG
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 MBDA
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Others
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 2032
2. Germany Aerospace and Defense Market: Key Industry Highlights, 2018 and 2032
3. Germany Aerospace and Defense Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Germany Aerospace and Defense Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Germany Aerospace and Defense Historical Market: Breakup by Offerings (USD Billion), 2018-2023
6. Germany Aerospace and Defense Market Forecast: Breakup by Offerings (USD Billion), 2024-2032
7. Germany Aerospace and Defense Historical Market: Breakup by Service (USD Billion), 2018-2023
8. Germany Aerospace and Defense Market Forecast: Breakup by Service (USD Billion), 2024-2032
9. Germany Aerospace and Defense Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 25.63 billion.
The market is projected to grow at a CAGR of 4.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 37.53 billion by 2032.
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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