The Aerospace and Defense industry's market size is expected to grow from $884 billion in 2023 to $985.56 billion in 2024. This growth is driven by technological advancements, increased defense spending, and rising demand for commercial aviation and marine transportation. Key trends include sustainable aviation fuels, electric propulsion technologies, AI-driven systems, and digital twins, enhancing operational efficiencies and sustainability.
22%
Up-to-date regulatory information, like the one provided by Sid, results in lower expenses in the engineering industry.
15%
With new market participants, like Chinese e-commerce, entering the U.S. market, the shipping industry will directly benefit.
30%
Based on current trends, it is expected that defense companies focusing on drone production will see a 30% increase in revenue due to new paradigms of conflict around the world.
