2020 Global Aerospace and Defence industry outlook

After a strong year in 2018, the global aerospace and defence (A&D) industry has experienced descent in 2019. While the defence 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.

Key findings:

• The commercial aerospace sector experienced decline in deliveries in 2019 due to production-related issues in certain aircraft models.
• Military expenses are on the rise as security threats continue to intensify.
• Changes in the international trade agreements will likely disrupt the global supply chain and increase costs.
  
• 2020 is likely to be a year of significant milestones for the global commercial space ecosystem—the sector may see steady investments in new and existing space technologies.
  
• Though the A&D industry’s growth is primarily led by the United States, few other regions such as China, France, India, Japan, the Middle East and the UK, will be contributing to the industry’s performance in the near term.

Previous reports

• 2019 Global aerospace and defence sector outlook
  
• 2018 Global aerospace and defence sector outlook
• 2017 Global aerospace and defence sector outlook
• 2016 Global aerospace and defence sector outlook
• 2015 Global aerospace and defence industry outlook
• 2014 Global Manufacturing Aerospace & Defence global financial performance study
• 2014 Aerospace & Defence global financial performance study (infographic)