Aerospace & Defense Industry Report - Q4 2024

Report Highlights

Elements Affecting Aerospace & Defense Industry Dynamics and Outlook in Q4 2024 and Beyond

• The Aerospace & Defense sector experienced mixed revenue growth in Q4 2024, driven by global increases in defense budgets, recovery of commercial aviation sector, technological innovation, space sector expansion, and M&A activity.
• Global market size of the Aerospace & Defense industry is estimated to grow to $1.5T in the next decade from $1T just last year.
• The defense sector is experiencing significant expansion, propelled by a notable rise in government expenditures globally linked to the conflicts in Ukraine and the Middle East.
  • • Globally, governments continue to allocate investments in advanced technologies such as hypersonic missiles, autonomous systems, and space-based defense capabilities in response to these geopolitical tensions.
• The demand for commercial aircraft travel has continued its growth trajectory post-pandemic, with airlines ramping up orders for new aircraft to support the rebound in global travel.
  • • Increased aviation demand translates to record industry revenue of $829 billion in 2023 and marks significant recovery from the COVID-19 pandemic.
• The space sector is also experiencing surging demand due to heightened interest in satellite constellations, space exploration, and lunar missions. 

Learn More

Reach out to Dinan Capital Advisors Managing Director Tom Gerlacher for more report insights.