How big is the Europe Aerospace And Defense Market?

The Europe Aerospace And Defense Market size is expected to reach USD 173.97 billion in 2024 and grow at a CAGR of 5.14% to reach USD 223.48 billion by 2029. Read More

What is the current Europe Aerospace And Defense Market size?

In 2024, the Europe Aerospace And Defense Market size is expected to reach USD 173.97 billion. Read More

Who are the key players in Europe Aerospace And Defense Market?

Airbus SE, BAE Systems plc, Leonardo S.p.A., Safran SA and THALES are the major companies operating in the Europe Aerospace And Defense Market. Read More

What years does this Europe Aerospace And Defense Market cover, and what was the market size in 2023?

In 2023, the Europe Aerospace And Defense Market size was estimated at USD 165.03 billion. The report covers the Europe Aerospace And Defense Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Aerospace And Defense Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Europe Aerospace And Defense Market Share

Statistics for the 2023 & 2024 Europe Aerospace And Defense market share, created by Mordor Intelligence™ Industry Reports. Europe Aerospace And Defense share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Europe Aerospace And Defense Industry

The market is semi-consolidated, with several global players, including Airbus SE, BAE Systems PLC, Leonardo SpA, Safran SA, and THALES, occupying a significant market share. The growing geopolitical unrest across several countries in the region contributes to an emerging security environment, with increasing demand for advanced aircraft, UAVs, and satellites. To secure long-term contracts and improve their market share, players are investing significantly in the R&D of sophisticated product offerings. Continuous R&D has fostered technological advancements in platforms and associated products and solutions in the European aerospace and defense market. For instance, in September 2023, Air France sealed a deal with Airbus for 50 A350s, with an option for 40 more. This order will cover 50 A350-900 and A350-1000 aircraft, along with purchase rights for 40 additional aircraft, with the first deliveries expected to be completed in 2026 through 2030.