United States Aerospace Market Report and Forecast 2025-2034

United States Aerospace Market Size

The United States aerospace market is estimated to grow at a CAGR of 2.40% in the forecast period of 2024-2032.

United States Aerospace Market Outlook

• In 2021, US Aerospace and Defence exports surged by 11.2%, reaching $100.4 billion, and fostering 2.1 million employments.

• The US aerospace sector maintains the top trade balance ($77.6B in 2019) and second highest exports ($148B) among manufacturing.

• Aerospace and Defence contributed $391B to the US GDP, making up 1.7% of total nominal GDP, as per the Aerospace Industries Association.

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United States Aerospace Market Growth

Aerospace covers the space above Earth, including its atmosphere and outer reaches. It's a sophisticated industry dedicated to creating vehicles for air and space exploration, producing various components like airframe structures, engines, landing gear, and flight controls.

Growing passenger numbers in the United States are driving up demand for aircraft flights. Increased incomes are altering people's travel choices, leading to a higher demand for air travel. In 2021, the aerospace and defence industry in the U.S. employed over 2.1 million workers, spread across every state, as per the Aerospace Industries Association.

Key Trends and Developments

Space exploration, sophisticated materials and manufacturing techniques, rising tourism, and modernisation of defence are the major trends impacting the United States aerospace market growth.

March 21, 2024

Firefly Aerospace, Inc., a comprehensive space transport firm, disclosed a collaboration with the U.S. Department of Defence’s Defence Innovation Unit (DIU) for a study on swiftly launching Firefly's Elytra vehicles beyond Geosynchronous Orbit.

March 19, 2024

Firefly Aerospace rapidly launched a satellite for the US Space Force in record time, showcasing its national security capabilities. It secured contracts with NASA, L3Harris, and Lockheed Martin, closing a successful funding round.

March 13, 2024

Lilium N.V., the pioneer of the inaugural all-electric eVTOL jet, partnered with Atlantic Aviation, a leading FBO and aviation services provider, to ready over 100 FBOs for Lilium Jet's US regional air mobility launch.

January 23, 2024

Police, fire, and other government agencies obtained a domestically made drone from Uniform Sierra Aerospace, tailored for first responders and outdoor search-and-rescue missions, called Panther.

Space exploration

The ongoing growth of commercial space endeavours involves deploying satellites, enabling space tourism, and embarking on exploration missions to destinations like the Moon, Mars, and further beyond.

Sophisticated materials and manufacturing techniques

There is a greater adoption of lightweight materials, additive manufacturing, and advanced composites to enhance aircraft performance, fuel efficiency, and longevity.

Rising tourism

Aerospace tourism benefits include economic growth, innovation in aircraft design, infrastructure development, and cultural exchange, fostering international cooperation.

Modernisation of defence

Allocations toward upgrading defence capabilities, encompassing next-gen fighter jets, UAVs, and missile defence systems, bolster national security.

United States Aerospace Market Trends

In the US aerospace sector, major developments include the move towards sustainable aviation, prioritizing carbon emission reduction through fuel-efficient planes and alternative propulsion methods. Digitalisation and automation, utilizing AI and robotics, enhance manufacturing, safety, and maintenance.

Urban Air Mobility (UAM) growth, powered by eVTOL aircraft, caters to urban transportation needs. Regulatory Compliance and Safety uphold the integrity and security industry-wide.

The manual operations segment has accounted for the largest share in the market, with a vast base of pilots that are experienced in flying aircrafts, and expert flying schools certifying new pilots. In manual operations, pilots carry out functions manually. Due to the relatively limited capabilities of autonomous aircrafts in the past, manual operations has been the standard in the United States aerospace market.

However, with advancements in technology, the autonomous aircraft segment is expected to pick up pace in the coming years. Autonomous aircrafts usually require a single pilot or no pilot at all but are generally used for short range travel or freights. They follow instructions issued either from the pilot or the flight director computer.

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United States Aerospace Industry Segmentation

“United States Aerospace Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Structures
  • Airframe
  • Engine and Engine Systems
  • Cabin Interiors
  • Landing Gear
• Avionics and Control Systems
  • Communication System
  • Navigation System
  • Flight Control System
  • Health Monitoring System
• Electrical Systems

• Environmental Control Systems

• Fuel and Fuel Systems

• MRO

Market Breakup by Operation

• Autonomous Aircraft

• Manual

Market Breakup by Body Type

• Wide Body

• Narrow Body

Market Breakup by Aircraft Type

• Commercial Aviation

• General Aviation

• Military Aviation

• Others

United States Aerospace Market Share

Autonomous aircraft operations contribute to the US aerospace market growth as automated systems enhance flight route optimization and fuel efficiency.

Autonomous aircraft provide heightened safety by minimizing human error, streamlining operations for efficiency gains, yielding cost savings, ensuring reliability, and spurring innovation in AI and automation.

Manual aircraft offer human control, adaptability to dynamic conditions, pilot training opportunities, regulatory compliance, and passenger reassurance with human pilots.

Commercial aviation supports the market growth by facilitating mass transportation of passengers and cargo over extensive distances.

Commercial aviation facilitates mass transit, contributes to substantial global revenue and employment, fuels advancements in aircraft tech, improves worldwide connectivity, and emphasizes passenger safety via rigorous regulations.

General aviation provides adaptable, on-demand flights, improves access to remote regions, supports local economies, offers pilot training, and promotes innovation in aircraft design and operations.

In busy routes wide body aircrafts are preferred, however, in routes with less demand, narrow body aircrafts prove more economical due to their lower purchasing and flying costs.

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Leading Manufacturers in the United States Aerospace Market

The businesses engineer, produce, and offer inventive systems, products, and solutions for both governmental and commercial clients across the globe.

Lockheed Martin Corporation, founded in 1995 and headquartered in Bethesda, Maryland, is a renowned global aerospace, defence, and security firm recognized for its innovative, technological solutions.

Raytheon Technologies Corporation, established in 1922 and located in Waltham, Massachusetts, stands as a premier provider of aerospace and defence technologies, delivering innovative solutions worldwide.

The Boeing Company, founded in 1916 and headquartered in Chicago, Illinois, is a multinational corporation specializing in aerospace manufacturing, commercial jetliners, defence, space, and security systems.

General Dynamics Corporation, with origins dating back to 1899 and based in Reston, Virginia, is a top-tier aerospace and defence enterprise, delivering vital solutions across land, sea, air, space, and cyber domains.

Other players in the United States aerospace market are Northrop Grumman Corporation, GE Aviation, L3Harris Technologies, and Leidos, Inc., among others.

Key Highlights of the Report

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United States Aerospace Market Report Snapshots

United States Aerospace Market Size

United States Aerospace Market Growth

United States Aerospace Market Trends

United States Aerospace Market Share

United States Aerospace Manufacturers