The defense sector soared in 2019 as defense budgets increased. But production-related issues, cancelations, and fewer orders slowed growth in the commercial aerospace sector and the global aerospace and defense industry overall. Will things rebound in 2020? Long-term demand for commercial aircraft and innovative technologies may hold the answer.
After a strong year in 2018, the global aerospace and defense (A&D) industry has experienced descent in 2019. While the defense sector has continued to soar, growth in the commercial aerospace sector has slowed. In 2020, the A&D industry is expected to get back to its growth trajectory with the commercial aerospace sector recovering from its decline in 2019.
This outlook reviews the performance of the A&D industry in 2019 and speculates its growth in the coming years. It also outlines performance across the key markets and explores trends that will impact the industry.